What would you do with $30k?
- Thread starter justchyllan
- 111 comments
- 4,726 views
- 27,387
- Toronto
- NewAesthetic
- SlipZtrEm
I'd do nothing different to what I'm currently doing, my bank account would just be $30k richer. Hello, interest.
Okay, maybe it'd serve me better to put it in a long-term, higher-interest savings account, but otherwise, I like to think I'd be responsible with it. Though being realistic, I'd probably drop $1000 right away on some (in my mind) necessary wardrobe purchases.
Okay, maybe it'd serve me better to put it in a long-term, higher-interest savings account, but otherwise, I like to think I'd be responsible with it. Though being realistic, I'd probably drop $1000 right away on some (in my mind) necessary wardrobe purchases.
- 30,033
- Thailand
If I was being really selfish and wanted to drop 30k($) on myself then I would definitely consider one of these.
It's the closest I'll ever come to owning a Lamborghini. This is a Lamborghini BMC Impec Automobili and consumes the whole $30k nicely.
(Yeah, it's not a car, I know. I don't drive, I'm a cyclist.)
It's the closest I'll ever come to owning a Lamborghini. This is a Lamborghini BMC Impec Automobili and consumes the whole $30k nicely.
(Yeah, it's not a car, I know. I don't drive, I'm a cyclist.)
Danoff
Premium
- 34,043
- Mile High City
Ok, this is going to come off as bragging, but it's honestly not. My financial situation is not as amazing as this might make it sound.
I got $18k unexpectedly last month. We had saved it for taxes and it turned out that we did not need it (don't worry, we still paid an absolutely obscene amount in taxes last year... staggering really). A few months prior my wife received $15k in the mail from a class action settlement that she did not realize she was part of and was not expecting. So I am literally in the position that this thread proposes. My wife and I received $30k over the last few months that I was not expecting.
It has not changed my financial situation in the slightest. We are in the market to buy a house, so it might go toward a larger down payment. We already had the down payment saved up, and don't want to buy a larger house with the money, so it will either get invested in mutual funds or it will get swallowed up into a mortgage we were already going to get. Regardless, the money is almost imperceptible in our lives at the current time. It is a digit in a spreadsheet that tallies 20 years in the future to retirement.
So what would I do with $30k? Save it.
I got $18k unexpectedly last month. We had saved it for taxes and it turned out that we did not need it (don't worry, we still paid an absolutely obscene amount in taxes last year... staggering really). A few months prior my wife received $15k in the mail from a class action settlement that she did not realize she was part of and was not expecting. So I am literally in the position that this thread proposes. My wife and I received $30k over the last few months that I was not expecting.
It has not changed my financial situation in the slightest. We are in the market to buy a house, so it might go toward a larger down payment. We already had the down payment saved up, and don't want to buy a larger house with the money, so it will either get invested in mutual funds or it will get swallowed up into a mortgage we were already going to get. Regardless, the money is almost imperceptible in our lives at the current time. It is a digit in a spreadsheet that tallies 20 years in the future to retirement.
So what would I do with $30k? Save it.
- 5,629
- North Carolina
- Droptop2001gt
I would remodel two rooms in my house, my den/gaming room and the kitchen.
The 60" Sharp would go from the den to the living room, and be replaced by something like... a 90" Sharp.
Add 7.1 surround sound, some new furniture, flooring, and darker paint on the walls, and I'm a happy gamer.
In the kitchen, the appliances are all new, but the cabinets and countertops are old. Replace all the old with new, and throw in a nice tile backsplash, and my wife is happy.
Take whatever money is left, and throw it directly at the mortgage, removing the last year or two of payments by eliminating future interest now.
The 60" Sharp would go from the den to the living room, and be replaced by something like... a 90" Sharp.
Add 7.1 surround sound, some new furniture, flooring, and darker paint on the walls, and I'm a happy gamer.In the kitchen, the appliances are all new, but the cabinets and countertops are old. Replace all the old with new, and throw in a nice tile backsplash, and my wife is happy.
Take whatever money is left, and throw it directly at the mortgage, removing the last year or two of payments by eliminating future interest now.
Doodle
Premium
- 5,926
- Maryland
- DoodleAM
- DoodleAM
- 2,007
- Los Angeles
- GTP_DrivingPark
- Finetales
I'm in a good situation financially for school, so I wouldn't need to use any of it to pay for that. I have a good car, so I don't need to pay for that.
I would use it to buy things I need to further my musical career. Mainly musical instruments, but also software, mutes, cases, repairs and so on. It would very easily use the entire $30k, but if I had anything left it would go into savings.
I would use it to buy things I need to further my musical career. Mainly musical instruments, but also software, mutes, cases, repairs and so on. It would very easily use the entire $30k, but if I had anything left it would go into savings.
- 35,426
- Downtown North Dakota
- Cy-Fi
After casually looking for a new house for 2 years and seriously looking for the last few months and finding nothing, when I answered this question last Friday, moving wasn't even on my radar. In talking to a realtor we've worked with in the past, he found a 95% perfect house but the lot it's on is crap. Fortunately, the builder has a lot right around the corner. We're meeting with him on Thursday.
That said, I'd change my answer to "larger down payment." 👍
Amazing how much things have changed in the last few days...
- 15,532
- Cairo, Egypt
- GTP_SEMS
Do Nothing with it,keep it till the dollar stops it's steep increase to our local pound then exchange it.
After that I'll probably use part of it to finance a Euro Grand tour trip and keep the rest.
After that I'll probably use part of it to finance a Euro Grand tour trip and keep the rest.
When I was little (I still am) and much younger, I always wanted to buy myself a private island somewhere in a very big ocean. I also wanted to have my own mountain with a lot of snow on it and a private skilift.
I don't think that $30,000 would be enough though.
I don't think that $30,000 would be enough though.
Joel
Premium
- 8,141
- Halifax, NS
- Noob616
Danoff
It's funny how easy it is to become blasé about a fairly decent chunk of change. A 30k windfall would be a complete change to my financial situation. It would almost completely cover my education costs, and would allow me to start saving money basically debt free at 18.
30k right now would make it substantially easier and less stressful for me to get to a point where 30k isn't a big deal any more.
David
Premium
- 2,732
Getting a $30K payout all at once would certainly be nice, but it's really not a lot of money for many of us who are beyond college. That's doubly true for those with a house and a family to support.
$30K wouldn't even pay off half of my remaining college loan debt and in Maryland that's maybe enough for a down payment on a decent piece of property. Those things would be helpful but either way I'm still in a lot of debt
Really I might just change my answer and say that I would use the money to make a move out west to a state with lower taxes and cheaper property. It would be nice to have some money to stand on while getting settled and finding a new job. That's the most life altering thing I could do with it haha.
- 3,461
- Melbourne
House deposit for sure.
Flex0r
Premium
- 2,027
- The Netherlands
- Flexman
Probably use 8k fixing both my cars tech and paint.
And use a couple hundred to get a new fridge, freezer and combi-microwave.
Maybe a nice bigger shed for the backyard.
For the rest that's left i'll pay off a part my mortgage so it will lower my monthly costs.
And use a couple hundred to get a new fridge, freezer and combi-microwave.
Maybe a nice bigger shed for the backyard.
For the rest that's left i'll pay off a part my mortgage so it will lower my monthly costs.
