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Reply to "What would you do with 500k cash gift?"
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[quote=Anonymous][quote=Anonymous]I would pay off my house if the $300k was enough to do so. I would not squander the money on expensive renovations and travel as other posters have suggested. If your house is paid off you can have more flexibility and/or more cash flow to do those things.[/quote] I'm the PP with the renovations and travel - and we wouldn't do expensive either. We need a ceiling fixed ($12k) and some updates to a bathroom (let's say, generously, $10k). No gold toilets - just normal house stuff. Our idea of a good trip is getting in the car and driving someplace we've never been before. In other words, car aside - let;s say $35k - we'd save most of it. I guess we could, alternatively, pay off our house. $300k would do it! Or do all of the above, really. Whee!![/quote]
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