800 bucks - Page 2

Sun11598 · 02-13-2007, 07:28 AM

I'd put the first couple months in savings. If it continued I'd get a new computer, then start a photos fund - so I can fund my professional photos addiction. LOL

If it could go towards bills - I guess I'd have to send it in on medical stuff.

stacia · 02-13-2007, 07:50 AM

Since I'm on a Dave Ramsey Money Makeover right now I would split it between savings, kids savings, retirement. If you want to have a little fun then plan on using $100 of it every month then saving the rest

ctandam · 02-13-2007, 07:53 AM

I would put it in some kind of savings so that I could get enough to start my photo studio in my house. I need more then that though, so it would have to sit for awhile.

MegNAbbysMom · 02-13-2007, 08:30 AM

Most of it in our savings, some in the kiddos savings and a little bit for a good haircut and highlight for me!

If I could spend on bills, I'd put it towards DH's truck and DD's preschool tuition.

Anyone willing to give me this $800?

JeannetteDavis · 02-13-2007, 08:45 AM

I would split it, too. Most would go into savings/investments for retirement and college funds. The other I would put toward house repairs/improvements.

MaDuncan · 02-13-2007, 09:15 AM

Quote:

Originally Posted by allgirls

not sure why the stipulation of can't use it on household bills

But in that case I would do household improvements.

allgirls

Dont ask me! This is money I earn and dh doesnt want me to use it on household bills. He said if I earn the money its to be spent on something I want, because he doesnt want me to feel like I have to work. I am sure if we were to have an emergency then he would be ok with it, but he provides finacially for the the family and to be honest anything I earn is, just that extra.

MaDuncan · 02-13-2007, 09:18 AM

Quote:

Originally Posted by lvr4jbns

That's an easy one, INVEST IT!!!! That would add up pretty quickly, after a three years you could then use the interest to spend, or reinvest. After only three years you would have over $4500. in interest (@ a modest 8%), not to mention the $28,880. in principal. This is pretty much what we do now, make our money work for us! You could even only invest half, you would still be making a great little nest egg.

Ok can you point me in the direction of where to invest? I dont want to use a financial advisor, I want to do it myself.

daymom03 · 02-13-2007, 09:30 AM

Pay off debt - or does that count as paying household bills? If so, then probably invest half and use half for household improvements/fixes that we need to do.

MaDuncan · 02-13-2007, 09:33 AM

Quote:

Originally Posted by daymom03

Pay off debt - or does that count as paying household bills? If so, then probably invest half and use half for household improvements/fixes that we need to do.

Yup it does

I am surprised nobody said vacations yet!

Lou · 02-13-2007, 10:26 AM

Definately TRAVEL! I love to travel but it's SO expensive. I would save part, invest part for retirement, invest in DS college fund and use the rest for travel. Even divided equally I could still have a pretty good vacation several times a year. That would allow me to visit my family spread all over the country and to visit places I've always wanted to see and places I've seen and really want to go back. Travel experiences are priceless and certainly worthy of indulgence with 'extra' money.

Now - where do I sign up for this extra $800/month?!?