What to do with 100-200k?

With rising costs and increased learning needs, financing our children's education is no longer a simple walk in the park. Discuss with other parents about how they are managing their finances to cope with their expenses.

What will you do with 100-200k?

1. I will pay off loans and save on interest.
7
13%
2. I will put it towards a new car!
2
4%
3. I will invest it in shares and equities.
10
19%
4. I will save half and spend half and be happy!
1
2%
5. I will save a third, invest a third, and spend a third and still be happy!
14
27%
6. I will save it all for my kids' education.
1
2%
7. I will save it for a rainy day or my retirement.
13
25%
8. I will donate it to my selected charity.
1
2%
9. I don't know. I will ask someone else.
3
6%
 
Total votes : 52

What to do with 100-200k?

Postby ammonite » Thu Mar 05, 2015 12:11 pm

This topic came up recently with my friends. Wondering what the general sentiment is? I have added a poll.
Last edited by ammonite on Thu Mar 05, 2015 10:02 pm, edited 2 times in total.

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Re: What to do with 100-200k?

Postby starlight1968sg » Thu Mar 05, 2015 8:33 pm

If it comes from the sky, it will be (5).

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Re: What to do with 100-200k?

Postby zbear » Thu Mar 05, 2015 8:40 pm

With such high escalating costs, $100-200k cannot last very long n cannot do very much.

Nevertheless, its good to have this $$$$.


:evil:

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Re: What to do with 100-200k?

Postby dolphinsiah » Thu Mar 05, 2015 8:45 pm

At every stage of our life - we will view monetary differently .

Now I am working towards my retirement I will save it for my retirement. :wink:

20 years ago , I will spend it on holidays , buy bigger house... :evil:

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Re: What to do with 100-200k?

Postby Pen88n » Thu Mar 05, 2015 9:09 pm

I'll save for retirement. Having said that, if it comes from the sky, I probably spend $10K - $20K making myself and my family happy.

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Re: What to do with 100-200k?

Postby ChiefKiasu » Thu Mar 05, 2015 9:36 pm

How come no option to give to charity? :)

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Re: What to do with 100-200k?

Postby ammonite » Thu Mar 05, 2015 10:02 pm

ChiefKiasu wrote:How come no option to give to charity? :)


Good point! Added in :smile:

.
.
.
.
.
Omg, I think all the previous votes have been erased when I added the option. So sorry folks, please recast your votes! :imsorry:

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Re: What to do with 100-200k?

Postby Nebbermind » Thu Mar 05, 2015 10:56 pm

So, who was that who is gonna spend a third of it?? :sweat:

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Re: What to do with 100-200k?

Postby slmkhoo » Fri Mar 06, 2015 7:37 am

I'm one of the clueless and will let my husband handle it! I know he will probably invest most of it, but we would probably spend some (maybe a family holiday) and give some away.

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Re: What to do with 100-200k?

Postby janet88 » Fri Mar 06, 2015 7:41 am

ChiefKiasu wrote:How come no option to give to charity? :)

I won't give to charity directly...but will put aside some money to give to those on the road who are in need.

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