Wednesday, December 14, 2011
Inheritance - What Would You Do?
You just got word you that have inherited $50,000 from a long least deceased relative. Your parents have given you permission to decide what you can to do with the inheritance. Your future is in YOUR hands. What would you do with the money? Please elaborate, giving reasons for your decision.
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I would save the money for college. Possibly even go shopping, but save most of it for college. I would put at least $40,000 away for college. After that was in the bank I would go on a HUGE shopping spree[:
ReplyDeleteI would save that money in different banks so that the money could gain interest so I can get more money then I would use the money to pay for college.
ReplyDeleteIf i were given $50,000, I know exactly what I would do. All of that money would go right to my Marion High School intuition! Thats the high school I want to go to, but the money is a problem to my family. I can go there for my freshman year, but the next 3 years are the main problem. All $50,00 would be spent on that, and not a penny less :D
ReplyDeleteMe, I would put at least $40,000 away for college and the rest I would use to take my family on a huge vacation. Hopefully I would have saved enough to make it into the University of Southern California for video game design.
ReplyDeleteI would save it for college. I wouldn't put all of the the money in the bank I would also keep some to spend. I would put about 40-45,000 dollars away and spend the rest on the things I would like to buy. Even though I would spend the rest I would also put some aside just incase I need some for something in the future.
ReplyDeleteGiven 50,000, I would use the money for college and get a car. My reasoning for this is so i can get a good education and travel while where I need to go while im at college. id even try to give my mother money. :D
ReplyDeleteI'd take out 500 dollars for personal expenses, like video games, toys, and such. I'd put another 500 into a charity of my choice. I'd put the rest of the 49,000 in the bank for future uses (probably a car) .
ReplyDeleteIf i inherited 50k i would do a lot of different things. First, i would buy my parents Christmas gifts. I know they're really breaking the bank when it comes down to my specific present so i would try to give back. Then, i would give some of my money to charity because i'm awesome like that, and i want to help my community. Finally, i would go on like a major shopping spree for my birthday. Whatever is left over will go to my college fund.
ReplyDeleteWhat i would do is save the money money for college. Even though I would try to get a scholarship, I could be able to pay for my books or dorm. But, I could pay for my mom and dad's house because e actually have some money problems with the house. most likely, I would pay for the house we are living in.
ReplyDeleteI would save the money in a bank,most of it for college, and use some of it for my own purposes.
ReplyDelete5000 dollars my choice would be to open a business with some of my family working there because I always over hear them talking about opening one and also it will be a chance to make my own money and a chance to learn so respoinsibilaty so that's what I would do with 5000
ReplyDeleteWhat I would do with the money is that I would put almost 45,000 of it for college and the rest I'll use for things that I'll need over the next year or give the money, that I to have to spend, to my parents so they could use to pay the bills.
ReplyDeleteI would put most of my money in the bank and save for college . But i would keep some of the money for my self and probably go shopping or something else with it .
ReplyDeleteI would put $45,000 in the bank until I go to college so it can earn interest and the rest would go to remodeling my house and whats left over I would go the the Orland Park Mall and buy everything I want.
ReplyDeleteIf i were given $50,000 I would buy my parents a nice house in a nice neighborhood because that's one of the thing they want the most i wouldn't waist it on college when i know i could get a scholarship.
ReplyDeleteI would invest some of it in a mutual fund. I would also try to pay off some debt that I have accrued. i would be sure to buy myself something nice to remember my relative and take the opportunity to do something I normally could not afford.
ReplyDeleteWow.Of course i would save like 40000 for college.Me and my family know that my education is the one of the most important things i need .Plus i would spend the least amount of money because my brother and sister are also in line to go college.so,and if i still had any money,i would buy as many video games,computers,consoles,and clothes as possible!=D
ReplyDeleteIf I had $50,000 I will buy things I need,n the rest I will save it in the bank.When I get to college then i will buy what i need for it.Oh and i will also buy a bmw or a mercedez.
ReplyDeleteI would use the money for my Marian tuition. This is the high school I want to go to. I would spend all 50,000 on my tuition &&' spend it on anything else educational. :D
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