- 35,232
- Downtown North Dakota
- Cy-Fi
My wife and I have discussed this a few times and have always come to the same conclusion:
- My sons would each have at least $50,000 added to their college funds.
- A pile would be set aside for any CF complications my youngest son might run into, like, God forbid, needing a lung transplant.
- All siblings (10 total) would receive $10,000 each and parents $20,000 each. We would be inclined to do more, but the youngest of all of our parents kids is 23. At that point, you should be able to care for yourself. Compounded with the complete lack of financial sense some of the have, they are doing good to receive that much.
- The house and specials would be paid off (at present around $180,000). We might entertain purchasing a new house/having a new one built, but our house is only 3 years old, we picked everything out (carpet, trim, cabinets, doors, hardware, etc.) and, after adding 2 kids, it is still big enough for us.
- The Pilot would be paid off (around $15,000). There might also be talk about a new car. Nothing fancy (at this point, with the kids an all), just a cheap work runner. We are already looking for one, but after winning the lottery, the work runner would be a bit nicer than we are currently planning.
- I would be forced to buying a killer camera so I could get some good pictures while we are on a
- Killer vacation. This would have to wait until the kids are both old enough to enjoy/remember it. Either that or it would be followed with another trip after they reach those requirements.
- Invest, invest, invest.