Let''s dream for a minute...

[LuckyTexan]

....that the plan for the remaining bailout money is to send a check to every tax payer for $100,000

What would you do with it???

*****************************************************

I''m getting $200,000 since we are both tax payers (I own a business, hubby works)

My debt will be all paid off... business and personal!

Then I''m going to finally furnish my formal living and dining... those rooms have been ignored! (new house)

I think after that... we will go to St Lucia... we''ve been meaning to finally take our honeymoon!!!

And I''m pretty sure... this will finally end up on my wrist...

 

[purselover]

interesting question, I''m boring I would probably spend a couple hundred dollars on a new pair of shoes, and the rest would go to a future house down payment, and my e-ring will definitely be coming from Graff

 

[princesss]

Pay off all of my college debt and put the rest in a savings fund for grad school.

Sadly, I would still have to take out a loan for grad school, but not for nearly as much money!

 

[chiapet]

I would buy a bigger apartment because I am sick of living in this shoebox! But then again, $100,000 in NYC would only get me an extra closet.

 

[Rhea]

I should say that I''d use it for a down payment on a house, but I''d probably sit aside $70,000 for the down payment, after exchanging it immediately in case the dollar improves against the pound.

I''d take a nice holiday for around 10K.
$10K for DH to spend on his toys - new audio and photography things.

$10K for me to spend on or attempt to stretch to, in order:
1 - a coffee maker (yes, another one. You can never have too many coffee makers!) of my choosing.
2 - 1.2 ctw OEC earrings in platinum three prong setting.
3 - repair or replace my original engagement ring setting.
4 - see if my inherited ring could be repaired, it''s a tiny flaw that I don''t have money to fix right now.
5 - sapphire and diamond ring or band. Haven''t decided which one yet, but I''d take my time choosing and spend more if I found the right one.

 

[iheartscience]

That is a good dream! I would pay off my school loan and use most of the remainder for a down payment for a house. And I''d get myself a little bling, too, obviously!

 

[steph72276]

Hmmmm, probably take a fun trip and then apply the rest to our mortgage.

 

[somethingshiny]

Pay off the house and put most of the rest into savings. Of course, there would have to be a vacation.

 

[strmrdr]

stock up on food and get prepared for bread to cost $1000 a loaf.

It would be guaranteed to trigger hyperinflation.

 

[steph72276]

Date: 1/17/2009 5:22:02 PM
Author: strmrdr
stock up on food and get prepared for bread to cost $1000 a loaf.


It would be guaranteed to trigger hyperinflation.

Guess I''d have to go low carb then...

 

[radiantquest]

i would pay off debt so that i have like no bills and then i would put the rest towards a bigger better house

 

[WishfulThinking]

This question blew my mind because what I usually dream about doing with theoretical big money wins has a lot to do with my family, and in this scenario they''d have their own $100,000s!

I would pay off my student loans, for sure. After that I would put the rest in the bank, especially so I could share it with DW. Unfortunately her loans would eat up most of her money and that wouldn''t be fair, so we would definitely pool it!

 

[AprilBaby]

Pay my last sons tuition for college, redo some things in my house, and buy a pear diamond in a halo setting!

 

[Tuckins1]

Student loans...

Followed by some bling and a new car!

 

[LuckyTexan]

Date: 1/17/2009 6:06:56 PM
Author: WishfulThinking
This question blew my mind because what I usually dream about doing with theoretical big money wins has a lot to do with my family, and in this scenario they''d have their own $100,000s!

I would pay off my student loans, for sure. After that I would put the rest in the bank, especially so I could share it with DW. Unfortunately her loans would eat up most of her money and that wouldn''t be fair, so we would definitely pool it!

HAHA!!! Ya... see... at first... a car for my baby sister was on my list but then I was like... wait... BOTH of my parents will be getting $100k too... THEY can buy her one!!! LOL!

 

[LuckyTexan]

Date: 1/17/2009 5:22:02 PM
Author: strmrdr
stock up on food and get prepared for bread to cost $1000 a loaf.

It would be guaranteed to trigger hyperinflation.

You probably understand economics a little better than me... so I have a question... why? If they can give the banks that much money... why can''t they give it back to the people they took it from?

Why would it cause inflation?

 

[MonkeyPie]

Since my family will also be getting that much, I''ll spend it all on me. Pay off all my bills and still have enough left over to buy a house...oh, and a nice, BIG diamond with any setting I want

 

[packrat]

Date: 1/17/2009 5:22:02 PM
Author: strmrdr
stock up on food and get prepared for bread to cost $1000 a loaf.


It would be guaranteed to trigger hyperinflation.

But we're playing pretend, right?

$50,000 to pay off house/truck/credit cards
$40,000 to fix up house
$50,000 plus our trade ins for hubby and I to each have a brand spankin new vehicle
$50,000 savings
$10,000 rings for me and toys for hubby

 

[strmrdr]

Date: 1/17/2009 6:30:37 PM
Author: LuckyTexan

Date: 1/17/2009 5:22:02 PM

Author: strmrdr

stock up on food and get prepared for bread to cost $1000 a loaf.


It would be guaranteed to trigger hyperinflation.

You probably understand economics a little better than me... so I have a question... why? If they can give the banks that much money... why can't they give it back to the people they took it from?


Why would it cause inflation?

Everyone would have money and want to buy the same things, demand would be higher than supply.
Then when the money ran out people would be much worse off than they are now.
There will be inflation because of the bailout but its more long term and controllable, maybe,,, if not it made a mess worse.
Increasing money supply is not a good thing because it decreases the value of the money that is already out there.

 

[Miranda]

I would wonder how much my taxes (and my kids when they pay) were going to go up since somebody has to pay for all of this government spending!

But, let''s not be serious! I''d buy a bit of bling, take a vacation, and save most of it. I''m a saver by nature so I''d have a hard time parting with much cash in this economic climate.

 

[Dancing Fire]

Date: 1/17/2009 5:22:02 PM
Author: strmrdr
stock up on food and get prepared for bread to cost $1000 a loaf.

It would be guaranteed to trigger hyperinflation.

for once i agree with stormy.

 

[bee*]

If I lived in the US...I''d pay off my loans and buy some Manolos and put the rest aside for a rainy day.

 

[platinumrock]

*Sigh*

If we had $200,000 to spare, we would:

1) Spend $100,000 paying off our debt (mortgage, student loans, cc)

2) $50,000 goes to savings.

3) $50,000 to do what we wish.

I can totally see a trip to Italy, Greece and Spain. Then Tahiti, Bora-Bora and the Bahamas. Then Brazil, Argentina and Puerto Rico. Yum!

 

[Steel]

Computer ate my post.

Hypothetically speaking: I would be predictable and pay off our mortgage...

 

[MichelleCarmen]

This year, we'd get $100K since I'm a SAHM, but next year we'd get $200K because I'm beginning a new job. . .

Either scenerio, we'd do the following:

Go on a vacation
Pay off my car
Pay off mortgage on townhome

We wouldn't buy anything, especially jewelry

I'd rather reduce the number of years my husband and I have until retirement, rather than be decked out in jewels.

 

[DivaDiamond007]

We''d get 200K since we both work. First, we''d pay off all of our debt - it''s mostly our student loans and my car. Then I''d put some away for James'' college and then some for baby#2 when we decide to ttc again. I''d have to buy some new bling for me and then the rest would be used to build a house somewhere warm and sunny. Probably in Florida.