What Would You Do With £1,000? The Money Bloggers Edition!

I recently wrote a post about what I and others would do when given £1,000 to spend. It was really interesting to read through the survey and see what the answers were; the majority opted for travel 🙂 as a money blogger, I said I would put the majority into our early retirement fund, plus a little treat for our family. Mostly sensible with a treat in there too 🙂

 

Then, another money blogger called Emma, suggested that I should ask some money bloggers the same question to see if the answers were different to the parenting ones from the previous post – to see if different types of bloggers have varying aims.

 

So, here’s what they said:

• “Mine is really boring, but I’d save mine. In my stocks and shares ISA.” Emma, Emma Drew Info
• “I’d book a holiday for next year, so that the money I would usually set aside for that could go into savings but I’d have something nice and exciting to look forward to.” Jennifer, My Mummy’s Pennies
• “I’d double my money by making a one-off overpayment on my fixed-rate mortgage. Why? Because by doing so, I’d save the same amount again on interest alone.” Karyn, Miss Thrifty
• “I’d save it for our Disney World fund.” Emma, The Money Whisperer
• “I’d keep it as a base for match betting or I’d invest it in a shares ISA.” Martyna, Money Saving Girl
• “I’d save it on our ISA to go towards our house fund.” Morgan, Morgan M Woods
• “I would dare it into my kid’s savings accounts. We haven’t put much in this year, so it would be a nice bonus.” Pete, Household Money Saving
• “We’ve paid off our mortgage, so I would give £400 each to my daughters to pay down theirs. Paying capital sums of a mortgage saves incredibly huge amounts of interest over the years AND reduces the term of your mortgage. And the other £200? I’d take everyone out for a slap up dinner. It’s what I’ve always done with extra cash.  Save most of it, but do something really nice with a bit of it.” Lesley, Thrifty Lesley
• “I would put it straight into our early retirement fund. We are seriously crunching numbers to get us there at the moment :)” Michelle, Time and Pence
• “I’d use it to take my daughter on holiday again. After separating from my ex last year I took her on her first beach holiday and she had the BEST time, I’m determined to do the same again this summer.” Francesca, From Pennies to Pounds
• “I would put it into my stocks and shares ISA as a wee boost to my camper van fund!” Eileen, Your Money Sorted
• “I would re-build our emergency fund, which should have 6 months of expenses saved in it – but looks miserable after too many “emergencies” in the past year.” Or, Cord Busters
• “I’d pop it into a fund towards buying a nearly new car in cash :)” Katy, Katy Kicker
• “I’d invest it into my kids new Junior Pensions I’ve just set up if it was money I wasn’t expecting!” Catherine, The Money Panel
• “It would go towards a nice holiday. Debt payments are being nicely managed at the moment, and we’re both working so hard we need a decent break :)” Emily, A Thrifty Fox
• “I would do a few things. I would treat my mum to a meal (she is recovering from cancer). I would buy my son a new bike (he has just taken up cycling and is really good) and I would put the rest into savings until I had enough to take the family on holiday.” Elle, E L Feelgood’s Vintage
• “I’d put £500 straight into a low-cost index fund. £300 straight into saving. £200 towards future holiday spending money!” Pee, Richest Man In London
• “I would put £500 in my Nutmeg Investment ISA, which has grown by 25% over two years. I would put the other £500 into my BestInvest SIPP and receive an extra £125 from the government as basic rate tax relief.” Nick, Pounds and Sense
• “It would go straight into the emergency fund we are building up.” Jane, Shoe String Cottage

 

It’s interesting that the majority of money bloggers would put the unexpected £1,000 into savings or investments! A couple of people said travel and that’s about it this time 🙂 There are lots of ways to make some side income so that you could put it in your savings account. Things like starting a blog, matched betting and ebay sales. They soon add up 🙂 Don’t forget to use cashback sites too, for more savings!

 

What about you – what would you do with £1,000? I’d love to hear from you in the comments!

 

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