Comments on: What would you do with a windfall? http://www.bluntmoney.com/what-would-you-do-with-a-windfall/ Mon, 13 Oct 2008 01:39:10 +0000 http://wordpress.org/?v=2.3.2 By: Cathy http://www.bluntmoney.com/what-would-you-do-with-a-windfall/#comment-37773 Cathy Sat, 10 May 2008 23:21:51 +0000 http://www.bluntmoney.com/what-would-you-do-with-a-windfall/#comment-37773 With taxes, bonus, anything un-expected we take 10% for my DH and I to do something with just for us. The rest goes towards the current financial goal. That way we never feel like we don't get to splurge, but we never just spend anything away. With taxes, bonus, anything un-expected we take 10% for my DH and I to do something with just for us. The rest goes towards the current financial goal. That way we never feel like we don’t get to splurge, but we never just spend anything away.

]]> By: Rick Francis http://www.bluntmoney.com/what-would-you-do-with-a-windfall/#comment-37453 Rick Francis Tue, 29 Apr 2008 20:20:57 +0000 http://www.bluntmoney.com/what-would-you-do-with-a-windfall/#comment-37453 >After all, I wasn’t expecting this money, so why shouldn’t I splurge >with it? Why splurge it? Just because it wasn't expected, it doesn't mean that it's free. You had to work just as hard for that money as any other money, it's just the govenment didn't take it all! So, why NOT treat it like any other income- put x% into savings, y% into expenses etc. However, you handle your current income. -Rick >After all, I wasn’t expecting this money, so why shouldn’t I splurge >with it?

Why splurge it? Just because it wasn’t expected, it doesn’t mean that it’s free. You had to work just as hard for that money as any other money, it’s just the govenment didn’t take it all! So, why NOT treat it like any other income- put x% into savings, y% into expenses etc. However, you handle your current income.

-Rick

]]> By: Fabulously Broke http://www.bluntmoney.com/what-would-you-do-with-a-windfall/#comment-37400 Fabulously Broke Sat, 26 Apr 2008 14:05:48 +0000 http://www.bluntmoney.com/what-would-you-do-with-a-windfall/#comment-37400 1. Clear Debt 2. Put it into savings 3. Spend $500-$1000 of it :P 1. Clear Debt
2. Put it into savings
3. Spend $500-$1000 of it :P

]]> By: Christine http://www.bluntmoney.com/what-would-you-do-with-a-windfall/#comment-37387 Christine Sat, 26 Apr 2008 03:14:36 +0000 http://www.bluntmoney.com/what-would-you-do-with-a-windfall/#comment-37387 Well here is the difference between what I say and what I would actually do. Say -Pay Debt -Repair Car -Save the rest Do -Go on a shopping spree -Get my car washed -Take a mini-vacation I believe I have gotten better at managing my money since I have lived in my condo. I actually have learned the value of needs and wants. If I was to win the lottery, I really do believe that I would actually do the things that I would say I'd do. Well here is the difference between what I say and what I would actually do.

Say
-Pay Debt
-Repair Car
-Save the rest

Do
-Go on a shopping spree
-Get my car washed
-Take a mini-vacation

I believe I have gotten better at managing my money since I have lived in my condo. I actually have learned the value of needs and wants. If I was to win the lottery, I really do believe that I would actually do the things that I would say I’d do.

]]> By: Eric http://www.bluntmoney.com/what-would-you-do-with-a-windfall/#comment-37366 Eric Fri, 25 Apr 2008 23:26:47 +0000 http://www.bluntmoney.com/what-would-you-do-with-a-windfall/#comment-37366 Pay down debt is my answer, which is why the tax rebate most americans will be getting might not have the desired impact on the economy. Hmmmm... Maybe I should do my part instead and "consume" instead of "save." Pay down debt is my answer, which is why the tax rebate most americans will be getting might not have the desired impact on the economy. Hmmmm… Maybe I should do my part instead and “consume” instead of “save.”

]]> By: Msminiducky http://www.bluntmoney.com/what-would-you-do-with-a-windfall/#comment-37357 Msminiducky Fri, 25 Apr 2008 18:40:38 +0000 http://www.bluntmoney.com/what-would-you-do-with-a-windfall/#comment-37357 This is actually what I'm pondering myself. Since my taxes seemed to work out so well ("seemed to" because I still don't quite believe it) this year, I'm going to be looking at the savings for my taxes and the stimulus refund as a windfall. I'll let you know it goes, I think I'm slicing off a small chunk for my Con this year, if the guilt monster doesn't get me first. This is actually what I’m pondering myself. Since my taxes seemed to work out so well (”seemed to” because I still don’t quite believe it) this year, I’m going to be looking at the savings for my taxes and the stimulus refund as a windfall. I’ll let you know it goes, I think I’m slicing off a small chunk for my Con this year, if the guilt monster doesn’t get me first.

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