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Reply to "If you came into a largeish amount of money unexpectedly...."
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[quote=Anonymous]I would save half. I would take 1/3 ($20K) and make the house repairs that we need to make and are currently saving for. These are not the "want" repairs like decorating, new floors, etc, but the "need" repairs that will end up costing us more money if we don't get them done, like the new roof and electrical/plumbing upgrades. Whatever of that $20K is not spent on repairs would go to make advance payments on our mortgage I would by each of my kids one fun extravagant gift, like the $100+ Lego sets that they are always coveting but will likely never get. I would take another $5K and take the family on a vacation. I would put the remaining $4-5K in an easily accessible savings account to be used for emergencies.[/quote]
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