If you were given $50,000USD (tax free) today, what would you spend it on? That’s the question on Hank’s (from My Investing Blog) mind. So here’s my answer:
What would I do with $50,000?
I’d do something totally irresponsible. Something that completely goes against my sensible, logical, frugal financial persona.
I’d take my family and move to Georgia. Even though my house here isn’t sold. Even though Husband doesn’t have a job. Even though we wouldn’t be able to buy a house and would have to rent.
Not that it would be a complete waste of money. We’d get a chance to feel out the area and decide where we really want to live, which could save us from making the mistake by buying the wrong house in haste. It would give Husband time to find a job that he really wanted, versus any job as quickly as possible to start bringing money in.
And my frugal ways would still be in force. I’d still buy generic and clip coupons and do all of the other things that allow us to stretch our money as far as it will go.
Yes, that’s definitely what I’d do. I’d hope Husband would find a job and our house would sell long before the money ran out, but a nice big cushion always makes me breathe easy.
Now I just need to find the person willing to give me that money. Anyone………?
Are You Going To Be This Way The Rest of The Time I Know You? 
August 6, 2008 at 2:55 pm
I’d like to say I could hand out that cash instead of just giving the theory, but it’s fun to dream, eh? Picking up and moving isn’t a bad option at all either though – even without your house selling, with 50k, you could put a good dent in a new house buying! 🙂
THanks for participating!
August 10, 2008 at 9:05 am
Ever since this meme started circulating, I’ve been noticing the goofy things people do when they have more money than good sense.
There are, for example, the million-dollar homes that line a (former) horse path where I occasionally walk, one owner has installed two gigantic pieces of lawn sculpture. They’re two vast, identical horses’ heads. They appear to be made out of wood, but a closer look suggests they’re not–it’s probably stone or some sort of artificial conglomerate. They look like twelve-foot-high chess pieces.
When I see stuff like that, I feel like I must not have much imagination, because I can’t imagine changing my lifestyle much if I suddenly came into a chunk of money. Like you, I might move–to Santa Fe! or Prescott!–but maybe not. And I’d never think of gargantuan horseheads.
August 12, 2008 at 6:03 am
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