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winning a few thousand,what do you do?

Topic closed. 20 replies. Last post 9 years ago by jeeps1.

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you hit the lottery for five thousand dollars,what do you do with the money?

i go spend all of it and have fun [ 3 ]  [5.56%]
i go spend half and put the rest back and save it [ 6 ]  [11.11%]
i spend quite a bit and give the rest to family [ 0 ]  [0.00%]
i spend all of it on family or friends [ 1 ]  [1.85%]
i go buy a used car and a few other things [ 1 ]  [1.85%]
i stick it all in the bank [ 10 ]  [18.52%]
i play the stock market [ 0 ]  [0.00%]
i gamble it all back trying to win again [ 1 ]  [1.85%]
i wager some,spend some and put the rest back [ 18 ]  [33.33%]
other [ 14 ]  [25.93%]
Total Valid Votes [ 54 ]  
Discarded Votes [ 1 ]  
LOTTOMIKE's avatar - cash money.jpg
Tennessee
United States
Member #7853
October 15, 2004
11338 Posts
Offline
Posted: June 28, 2007, 9:01 am - IP Logged

winning a few thousand,what do you do?

i would go spend about five or six hundred bucks on me and my family and put the rest in the bank.

    LuckyLilly's avatar - savy chick.png

    United States
    Member #50124
    February 26, 2007
    601 Posts
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    Posted: June 28, 2007, 10:02 am - IP Logged

    winning a few thousand,what do you do?

    i would go spend about five or six hundred bucks on me and my family and put the rest in the bank.

    I'd do the same as you, but I don't see that choice in your poll.  Scratch Head

      justxploring's avatar - villiarna
      Wandering Aimlessly
      United States
      Member #25360
      November 5, 2005
      4461 Posts
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      Posted: June 28, 2007, 11:38 am - IP Logged

      I don't see it in your poll, but this is my choice:

      Lower my debts.  (i.e., make a few extra car payments or pay off any outstanding credit card balances)

      I checked "other" but "stick it all in the bank" is probably a similar choice, since I would stick it all in the bank and then pay bills with it!

        JackpotWanna's avatar - squiz

        United States
        Member #4121
        March 23, 2004
        817 Posts
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        Posted: June 28, 2007, 1:34 pm - IP Logged

        I would  take my family on a nice vacation.


          Brazil
          Member #51781
          April 24, 2007
          384 Posts
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          Posted: June 28, 2007, 2:08 pm - IP Logged

          If someday I won this type of money , I will probably expend it into a full combination (like a 15 numbers combination with 5005 tickets) or maybe even a reduced system with lots of numbers (like a combination of 21 or 22 numbers, maybe even more) ...

            RJOh's avatar - chipmunk
            mid-Ohio
            United States
            Member #9
            March 24, 2001
            19814 Posts
            Online
            Posted: June 28, 2007, 6:32 pm - IP Logged

            I would put a little aside to pay the extra taxes that the $5000 extra income will cost.  In Ohio, taxes are not deducted from lottery prizes up to $5K, so when I file the W-G the state will send me with my taxes, I would expect my federal and state taxes to increase an additional $1600, they increased $300 when I won $1500 a few years ago.

             * you don't need to buy more tickets, just buy a winning ticket * 
               
                         Evil Looking       

              Lkydeb*594's avatar - yummyxmascat
              Luv Vtracs 8-)

              United States
              Member #38062
              April 23, 2006
              12570 Posts
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              Posted: June 28, 2007, 7:51 pm - IP Logged

              I don't see it in your poll, but this is my choice:

              Lower my debts.  (i.e., make a few extra car payments or pay off any outstanding credit card balances)

              I checked "other" but "stick it all in the bank" is probably a similar choice, since I would stick it all in the bank and then pay bills with it!

              as tough as life is getting to survive, & with the market so low, I couldn't  agree with u more.  I would pay a few mortgage payments off to save on monthly interest too.  Keep some to keep playing lottery to stay ahead for more winnings.  My job earnings stays in the bank to get bills paid.

               

                Uff Da!'s avatar - InCelebration 001.jpg
                Washington State
                United States
                Member #33973
                February 26, 2006
                347 Posts
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                Posted: June 29, 2007, 4:32 pm - IP Logged

                Since I'm already retired and my pension plus social security is not enough to meet my normal annual needs, I typically make a few partial withdrawals from my IRAs each year in whatever amount is necessary to meet normal living expenses.  In the event of a win of a few thousand dollars, I'd spend it on routine living, but in so doing I'd simply withdraw that much less from my IRA that year.


                  United States
                  Member #17555
                  June 22, 2005
                  5582 Posts
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                  Posted: June 29, 2007, 9:20 pm - IP Logged

                  Since I'm already retired and my pension plus social security is not enough to meet my normal annual needs, I typically make a few partial withdrawals from my IRAs each year in whatever amount is necessary to meet normal living expenses.  In the event of a win of a few thousand dollars, I'd spend it on routine living, but in so doing I'd simply withdraw that much less from my IRA that year.

                  Uff Duh! pronounced in the pheonetic, like  your name above..pertaining to your name... means sunlight in persian.

                  The sun God, So to speak....

                  It's all good!

                    Avatar
                    Grand Rapids, Michigan
                    United States
                    Member #53008
                    June 19, 2007
                    67 Posts
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                    Posted: June 29, 2007, 10:57 pm - IP Logged

                    I marked "other" since paying off bills or debt wasn't listed.  I'd probably do a little of that and then save a bit of it for a vacation.

                      Guru101's avatar - rw6jhh
                      Indiana
                      United States
                      Member #48725
                      January 7, 2007
                      1953 Posts
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                      Posted: June 30, 2007, 5:44 pm - IP Logged

                      Go get my poor Camaro fixed.Frown

                      Gonna win.Big Smile

                        LOTTOMIKE's avatar - cash money.jpg
                        Tennessee
                        United States
                        Member #7853
                        October 15, 2004
                        11338 Posts
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                        Posted: July 1, 2007, 10:25 am - IP Logged

                        Go get my poor Camaro fixed.Frown

                        i ended selling mine when i had kids.it was '86 iroc-z28 factory showroom edition.right after 9/11 i ended up buying it for a fraction of what it was worth because the person needed the money.i think he said he lost everything in the stock market.here is a pic of it......

                         

                          MillionsWanted's avatar - 24Qa6LT

                          Norway
                          Member #9517
                          December 10, 2004
                          1271 Posts
                          Online
                          Posted: July 1, 2007, 8:16 pm - IP Logged

                          Pay of some debt, then spend some on whatever I feel like. That's what I did with my 10 grand.


                            United States
                            Member #17555
                            June 22, 2005
                            5582 Posts
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                            Posted: July 1, 2007, 8:24 pm - IP Logged

                            Nice car dude!

                            Your post however...lol.....very elongated...lol

                            Drum

                            I like GTOs also....man, what a chick magnet...lol

                            Guitar

                              tnlotto1's avatar - logo
                              nashville
                              United States
                              Member #49896
                              February 18, 2007
                              1181 Posts
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                              Posted: July 1, 2007, 8:31 pm - IP Logged

                              i ended selling mine when i had kids.it was '86 iroc-z28 factory showroom edition.right after 9/11 i ended up buying it for a fraction of what it was worth because the person needed the money.i think he said he lost everything in the stock market.here is a pic of it......

                               

                              i really like that car mike ....Dance