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What do you and you SO do when you get a large sum of money?

maybe from your taxes @ the end of the year or if you get extra monies from your student loans if ur in sckool.
do you sit down together and plan where is goes? do get your cars fixed? do you pay off old bills? or do you take your kids to events you cant normally afford?


Asked by dancingthrulife at 11:20 PM on Jun. 25, 2011 in Money & Work

Level 12 (752 Credits)
This question is closed.
Answers (13)
  • Any large chunks of money right now would go into our savings, because my husband has lost his job, and we need all the cash we can get to make sure we can keep up with our bills.

    Prior to this, this kind of thing would go toward paying our debts. We attended Financial Peace University in 2009, and it has made all the difference in our marriage and how we handle money. I highly recommend the program to ANYONE. It is a Christian based program, but the advise is very simple and easy to follow.

    Answer by NooraK at 10:50 AM on Jun. 26, 2011

  • It is either used to pay of the bills or to pay for repairs/improvements on our home.

    Answer by dustbunny at 11:21 PM on Jun. 25, 2011

  • Try to pay off a few bills and then save some....usually the saving doesn't happen, because something always comes up....we will be getting a sum of money in the next month and it will pay bills and buy things we need for the new baby.

    Answer by AF4life at 11:28 PM on Jun. 25, 2011

  • Bills & debts are a given then necessities, then wants like vacation, new car, entertainment, toys. I think it should be agreed upon how it is spent or split down the middle when it comes to large sums of money.

    Answer by 1northwestmom at 3:05 AM on Jun. 26, 2011

  • I will let you know if and when that day ever comes! LOL!

    Answer by beckie66 at 11:20 PM on Jun. 25, 2011

  • Pay any debt and put the rest in savings.

    Answer by voni681 at 12:08 AM on Jun. 26, 2011

  • Pay off old bills and try to improve our credit report.

    Answer by GrammytoTrin at 1:00 AM on Jun. 26, 2011

  • Tax return, this year it was just incorporated with our other money and paid bills. Next year it will be used to pay for preschool for my daughter.

    Answer by Bubbie0809 at 8:03 AM on Jun. 26, 2011

  • Just depends on what's going on. We have debt but not too much so this year we are going to take the kids to Disneyland with our tax returns.

    Answer by JackieGirl007 at 8:15 AM on Jun. 26, 2011

  • We almost always put it on the credit card.

    Answer by BluDog at 10:21 AM on Jun. 26, 2011

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