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Million-dollar winner remains frugal after windfall

Topic closed. 20 replies. Last post 8 years ago by corius$1918!.

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Halle99's avatar - Lottery-043.jpg
United States
United States
Member #68252
December 16, 2008
168 Posts
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Posted: April 3, 2009, 9:11 am - IP Logged

Congrats to Her.....

 

Party

"Wait eagerly for the Lord, and keep to the way; God wil raise you to possess the land; you will gloat when the wicked are cut off".

                                                                              Psalms 37:34

    wizeguy's avatar - animaniacs04

    United States
    Member #15143
    May 10, 2005
    414 Posts
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    Posted: April 3, 2009, 1:50 pm - IP Logged

    Congrats to the Weightman family! I like the way she's raised her children, thinking of others. If I ever win big my first thoughts will be charitable donations.

      dk1421's avatar - Lottery-024.jpg
      North Carolina
      United States
      Member #64582
      September 1, 2008
      347 Posts
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      Posted: April 3, 2009, 3:30 pm - IP Logged

      While reading this, one of my thoughts was "Hey, yes - go to the nice clothing store just once for the kids...." but then I thought about it. If she goes once right after winning, then they'll beg and beg to go again. It's inevitable.

      However, if she keeps them in the budget clothing stores, then maybe, in a few months, she'll let them go just this one time as a treat. And it will be treated as such.

      I always thought that if I won, I'd let my son go blow $100 at a toy store. But now....I'm rethinking that.

      The other thought I had while reading it was that by keeping her kids (and other family members) thinking about budgeting (ie - used clothing, used car), she's not going to have people asking her for obscene amounts of money. They already know what her answer will be.

      And I'm proud she fixed up her old car and gave it to her niece. Her niece probably wasn't happy at first, but then seeing how she's not even spending money on herself, that the car is fine (and at least she fixed it u pfor her first!).

       

      I'm proud of her!

        Avatar

        United States
        Member #10720
        January 23, 2005
        933 Posts
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        Posted: April 4, 2009, 2:14 pm - IP Logged

        I only have 225K miles, so I feel a little better now I guess!

          psykomo's avatar - animal shark.jpg

          United States
          Member #4877
          May 30, 2004
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          Posted: April 4, 2009, 11:47 pm - IP Logged

          Her frugal mindset is admirable, teaching her kids well in an uncertain economy. Clark Howard, Atlanta's consumer guru loves Plato's Closet and other used clothing stores, great deals can be found there.

          She may be keeping her job due to insurance through her employer ... no knowledge of fact, only speculation. 

          Old car is better than no car for the niece, let niece get a job and use that one as a trade in.

          Congratulations and much luck to her!!!

          konane:

           agree with her mineset

          but, O'BAMA is spend'ng TRILLION'$$$$$$$$$

          not, <<<<<<<<<<<< BILLION' $$$$$$$$$

          HOW KAN U or ME talk about FRUGAL???????

          DID U or ME or SHE vote 2-B FRUGAL???????

          NO one in WASHINGTON, DC FRUGAL!!!!!!!!!!

          HELL>>MY>>UTILITY bills R far from frugal!!

          MY travel expense's & all went-UP 100% in >

          >>>>>>>>2008>2009>>>>>>>>!!!!!!!!!!

          GOD>>>>>HELP>TODD$$$$$$$$$$!!!!!!!!!!

          >>>>>>>>2009>2010 $$$$$$$$$$!!!!!!!!!!

          GAS PRICE's R the way ^^^^^^^^!!!!!!!!!!!

          TAXES R-UP 2 >>>>>  ^^^^^^^^$$$$$$$

          ????????????????????????!

          WHY is GOVEMENT spend'n

          UP>UP^^^^^^^^^^?!

          do they just hire million

          of worthless people!!!!!!!

          ??????????????????????

          GOD HELP Todd>>>>>>

          he can't FIRE 2-many!!!!


            Avatar

            United States
            Member #67052
            November 15, 2008
            80 Posts
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            Posted: April 4, 2009, 11:58 pm - IP Logged

            I only have 225K miles, so I feel a little better now I guess!

            Wow 300,000 miles.  I have 242,000 miles on my car. I don't believe mine will  make it  to 300,000 , but I'm grateful it's lasted this long.  I love reading these types of stories.  It's  good to see someone  keeping a level head.  I too am a big fan of Clark Howard, Consumer Advocate in Atlanta, GA.  She's not a millionarie, she's a thousandaire.  After 25% Fed taxes from the top she will have additional fed and state taxes due dependent upon her income.

            Since she went public her children know of her winning.  It's hard for adults to handle large sums of money let alone children.  I'm of the mindset as in the book, the  Millionaire Next Door.  In many of those cases, children didn't know the wealth their parents had until they became adults.

            Even though it's only been a month since she won, she's starting the race on solid ground.   Some financial counseling and Investments & Savings will provide a good plan for retirement  and college expenses.