Money Talk – How Would I Spend One Hundred Thousand Pounds?

Money makes the world go round and the truth is money is never really enough for anyone. No matter how much you have, there would always be a need for more. I am all about making money legitimately and making my money work for me. In the last couple of years, I have been thinking long and hard about retirement, pension and investments. Also, I have been busy thinking about what I would do if I came across a large chunk of money. How would I spend one hundred thousand pounds? This million dollar question has popped up in my head many times and I always have an answer for it.


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Here are 5 ways I would go about spending it.


Pay the mortgage

The first thing I would do is to put some money towards the mortgage, in order to reduce the outstanding amount on it as much as possible. Living mortgage free is the end goal and that should hopefully happen in a couple of years. I can’t imagine having to pay accommodation bills in my later years. That thought is quite scary.


Go on holiday

I love travelling as many of you would know by now. I love to visit as many countries as possible every year. My current target is to visit at least 2 countries every year. I have smashed that target for three years now, and I am hoping to smash it again this year. So far this year, I have visited Maryland and New York in the US, and I have plans to visit one or two more countries before the end of the year.

If I had one hundred thousand pounds at my disposal, I would be putting some money towards our holidays. There are many other cities and countries we would love to explore, and it would be great to take some other family members with us as a treat.


Pay the debt

I would pay off all my debts. So all credit cards would be paid up in full, never to be used again. When it comes to money, I am very sensible. I am more of a saver than a. spender, so I am not as deep into debt like many others I know. But paying the little debt I have would be a smart way to go financially.


Save and invest

As the saver that I am, I will be putting a huge chunk of the money into a savings account; most likely an ISA. And invest a huge chunk into stocks and shares for the future.


Home improvements

I will definitely use a percentage of the money on home improvements. There are a lot of changes I would make to our home decor if I had the money to splurge. But since I don’t have that yet, it is a waiting game.


How would you spend one hundred thousand pounds?



Our Worries For The Future

Most adults are worriers. It is usually the first sign of being a grown up. We worry about bills, our careers, our health, our wealth, and most important of all, our children. As a mother to two 22 month old toddlers, I worry a lot about them; their health, growth and developement, and I monitor and record all major milestones. I also worry about their future, the schools they would attend, grades they would have, friends they would make, the courses they would study at the university and everything else imaginable. My job as a Mom, is to worry.

Worry About Our Children

An interesting survey was recently carried out by My Voucher Codes, the survey asked parents from all over the UK what their main concerns were for themselves and their children’s future. 1,286 families took part in the study, and here are the findings:

They found 44% were concerned about financial instability and economy, 40% were concerned about extremism, terrorism and safety and 37% of families, were concerned about house prices and rental costs. In addition 24% were worried about crime, 14% had concerns over bullying and 11% were worried about drugs.

I found it shocking to know that in the North East (where I live), 68% of parents were more concerned about extremism, terrorism and safety than anything else. I know there is always one new terror related story in the news these days, but overall I find the North East extremely quiet and peaceful which is fantastic for my growing family. Unlike London and Manchester, here in Cheshire, we hardly hear about crimes or break ins, everyone goes about their business peacefully, so to think safety is a main issue for most people was quite puzzling. I would have thought most parents would be more worried about the rising costs of house prices and house rents, the economy, the financial instability with the growth in the unemployment rate and small businesses shutting down; and also bullying at schools. Those are the things I worry about, they keep me up at night.

Mark Pearson, the  founder of My Voucher Codes, commented on the results of the research: ‘From what we have found from speaking to parents, it seems that many of them are worried about the effects of the economy, whether that is financial instability or house prices and high rents for their children’s future. The recent budget announcements seem to have many parents concerned about what the future holds, especially for their children.’

You can read the whole article and the findings here.

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Now if our generation is struggling so much to get on the housing ladder or to get employed and stay employed, how will the next generation cope? How will our children cope? Drop me a comment, let’s chat.

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