If you had a windfall of 30/40k,what would you do with it?
A friend has just inherited this amount and is thinking about what to do with it.
Her choices are ;
Buy a new car.(she can then get rid of company car and have this extra money per month)and use the extra income to increase mortgage payments.
One off mortgage payment, thereby reducing the monthly payments.
Buy a piece of land abroad, to build on in the future.
She is heading towards the mortgage payment.
What would you choose?
I think I would use it to buy really good furniture and get some work done in the garden,pay the remainder off the mortgage..
A friend has just inherited this amount and is thinking about what to do with it.
Her choices are ;
Buy a new car.(she can then get rid of company car and have this extra money per month)and use the extra income to increase mortgage payments.
One off mortgage payment, thereby reducing the monthly payments.
Buy a piece of land abroad, to build on in the future.
She is heading towards the mortgage payment.
What would you choose?
I think I would use it to buy really good furniture and get some work done in the garden,pay the remainder off the mortgage..