luludoodie
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I am probably older than most of you - I say save! The consumer credit society we all now live in is based on taking your money on things you don't really need!
You didn't have £8K yesterday so you will not miss it tomorrow if you invest it!
However if you have any c/card debts etc pay them ALL off first!
Allow yourself a little treat but put £3k in an ISA TODAY as this years £3000 allowance finishes on Thursday.
For example Scarborough Building Society are offering 6.1% interest for first year and then (I think about) 5.25% for 2nd year.
The other £5ish invest in highest rate Building Society you can find. It is then always there to draw against if you have an emergency!
So £3k of your money is tied up for 2 years earning tax free interest. Once you start saving you then get a miser and want to save more.
You never know when you may have a "rainy day" in the future! SAVE SAVE SAVE |
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steven_prentice_666
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Well, do 4 things with it.
1. Do you have credit card debts - pay them off (the cash you save each month will benefit you for longer than the lump sum will)
2. Pay off a lump sum if you have a mortgage- again, that will benefit you with lower payments for the next few years - more cash spare each month to enjoy
3. Spend a lump of it - have a really good holiday this year to remember
4. Save a bit for a rainy day |
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dibbers008
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SAVE!
The roof could fall in. Your car could blow up. Your girl might want shoes!
Best to have it when you really want or need it rather than waste it on something you haven't even wanted or thought of yet! |
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charlie3127389
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Save most of it...but spend a bit of it....as you can always enjoy the interest in the later years |
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John R
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I would spend some now - you know, just for fun, and then save the majority of it for when something comes up in the furture, like if your car breaks down, or you get married - something unexpected.... |
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aka-chan; <3
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put some away but spend the rest
you never know when you might need the money! |
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SG Elite
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Save them and have them placed in a fixed term deposit. This would earn you higher interests. My dear, GBP8K isn't a small sum of money so don't blow it away! |
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Kitty
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SAVE !!
Why not put it away in something that will MAKE you more money !?!!!
Truly smart people have their money make them more money so they can concentrate on other things. Only fools keep buying things that use up all their money and costing them even more $$.
: ) |
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kamustahappy
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I'm sure the "friends" who are telling you to spend it on a night out, also imagine that they'll be included in that fun filled splurge...
I would save it, but spending it on clothes or a vacation is also an "investment," you have to look good, and you always need a break from work to refresh and re-energize..
So keeping it in the bank is a good thing, but spending it on yourself, yourself being the key is also acceptable.
Do not spend it on a couple of trips to the pub with the boys, or at the casino. |
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mldjay
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1. Are you in debt? If so, pay off debt.
2. Then save an emergency fund in case you get downsized or leave your new job (should be 3-6 months of expenses).
3. And then if money is left over spend it, have fun! |
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roost2
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Spend some of it, invest some. |
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ben
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spend a couple of grand on fun stuff and invest the rest of it in something likely to give better returns than a savings account, e.g. on the stockmarket. |
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Barbie Girl
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Hi - my hubby was in the same position in December, so he used half of it to pay off 1 loan and 1 credit card, leaving him with about £250/month free. He still has the other half (about £5 from an £11K package) burning a hole in his bank account but we're househunting at the mo so its going to be used for that. Def spend some of it on YOU tho, after all, you worked for that money. :O) Bxx |
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jenivive
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i tend to save. that way when something comes up emergency or really want then i have the money |
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gotta_be_gnome
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save it you may never know when you may need it |
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Afrikan Princess
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SAVE SAVE SAVE! BILL GATES DIDNT SPEND EVERY CENT HE CAME INTO CONTACT WITH. HE SAVED AND INVESTED IT.SURE LIFE IS SHORT ENJOY LESS THAN 50% OF IT THE REST YOU SHOULD SAVE. YOU MAY WANNA BUY A HOUSE ONE DAY, PAY FOR KIDS TUITION WHO KNOWS....BE BUCK SMART! |
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Heather
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Have some fun with it, spend half & save half just in case... |
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mudfish
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if you know of something that you really want then spend it, if you have to think about what you would spend it on then save it |
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Jo Blo
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me like the idea of saving. never know when you might find something really cool and great to purchase, and then you'd have funds to do so....
you make hay while the sun is shining ,, someday the sun won't shine on you,, |
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THE ORIGINAL GANGSTER ๑۩۞۩๑
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spend some and save some, you never know what's gonna happen. |
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?
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Save obviously...Or save half and spend half..then you can have best of both...*wink* |
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Janbull
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Spend. Go on a fabulous once in a lifetime holiday, but not until you have a new job! |
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xx glad to be ere xx
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do half and half and if u carnt think of any thing to spend it on
giz it to me lol
do the things that u want to do but never had the money to do u ave earned it go on TREAT YR SELF
HAPPY SHOPPIN XX |
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Marvelissa
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With the new job, you've got a bit more flexibility. My vote would be save 1/2 and spend 1/2. That way you're getting the best of both!
Good Luck! |
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Nutsack
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SPEND IT!
Well, spend half and treat yourself, invest the other and try and save for that rainy day |
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bugaboo
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Spend half, save half just in case. |
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luv2luvu
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invest it in me. |
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