If you inherited $50,000...

[Dan Murphy]

I'd call Dan.

If this Dan, I would have to get licensed in TN.

 

[AllyandJack]

I'd donate my 2002 Blazer to charity and buy a Honda Pilot.

If anything is left over, maybe I'd get DH his Dodge Dakota....or maybe I'd use it to pave the driveway. Either way, I get my Pilot.

$50,000 wouldn't make a dent in my mortgage or in my student loans, so might as well get a new car!

 

[jenm2878]

Pay off my student loans! (and then get my basement waterproofed and finished)

 

[keepinitreal]

Put it on our mortgage, along with some extra from our savings account and taxes, and get the house paid off and save on some interest.

Then we would just start throwing the paychecks into savings instead of the house payment.

You took the words right out of my mouth. This is exactly what I would do also!

 

[Papa Deuce]

Invest it only for my kids education. Compounded at 6% for 16 more years.... that oughtta do it, as long as they don't want Ivy League.

 

[keepinitreal]

Buy myself a new set of twins.

That is the best idea I've seen mentioned yet !

 

[FergieTCat]

I would take a leave of absence from work and travel -- to Japan and Australia, for starters.

 

[Planogirl]

I'd pay off a few debts and make a much needed repair to the house.

 

[luvwinnie]

We just inheirited close to that right before Christmas. We bought two prepaid tuition plans for DSs (2 and 5) that includes four years' tuition and fees, and a year in the residence halls. We had $4000 left that went into retirement savings.

I've never heard of this! Interesting.

 

[luvwinnie]

I'd turn our deck into a family/sun room and pay for my nieces' college books. And get DH the Rolex he wants.

 

[Shugardrawers]

How funny you should ask! Dh will receive almost exactly that amount from his grandmother's estate sometime in March. We will be paying off every dime we owe and then invest the rest. Except for the amount we spend on our trip to WDW in September.

 

[Trish Bessette]

Pay off bills and take a much needed Disney trip

 

[korzmom]

about 10 years ago i inherited that exact amt from my uncle, we remodeled our house and of course took a trip to wdw...we're still in debt but when i look at all the improvements in our house i think of dear uncle floyd.

 

[georgina]

It's really interesting how some people think $50,000 is alot of money and others think it's just a drop in the bucket.

I would take my kids on vacation, take a vacation without my kids and put the rest in savings to eventually use as a down payment for a house.

I found that very interesting too. $50,000 is a huge amount of money to me. When DH inherited some money several years ago, we paid off a car loan, put quite a bit toward the mortgage, and put new windows in the house.

 

[SC Minnie]

We would pay off some debt and but the rest in some sort of saving/investment account.

DH inherited $10,000 about this time last year. He used it to buy more points for DVC. He didn't even tell me about the money until I had to sign the DVC papers. Although I am glad we have more vacation points I would have spent the $ differently-- paid off our debt and saved the rest.

 

[skiwee1]

I found that very interesting too. $50,000 is a huge amount of money to me. When DH inherited some money several years ago, we paid off a car loan, put quite a bit toward the mortgage, and put new windows in the house.

Everyone is different. I just spent almost $50,000 on a new car. If I inherited $50,000 I'd just go on a lot more vacations!

 

[geffric]

Put the money in an account for college from my kids..

 

[ksjayhawks]

Pay down the mortgage!

 

[momx2]

Pay off car and student loan and any other small debt if I have it.
Put $15,000 in savings for an emergency fund. The rest would be for a vacation.

 

[mom2boys]

Pay off my mortgage
And yes, $50,000 would cover the outstanding balance.