Let’s think hypothetically about this…if I won the lotto what would I do with the winnings?
First, I would pay off my student loan debt. Like the majority of people I went to college with, we are all trying to work hard and pay off the debt we have from school. I’ve been paying it off for a while now but to pay it off all at once would be a huge deal! It would put me in a better financial state to save up and buy a house. That reminds me. I would also buy or build a house. Judd hopes to one day buy land for us to build a house on in an area away from the city. Something we want with enough room to grow and of course a big backyard for Gus and possibly another dog. I would send my parents back to Hawaii on vacation. A couple of years ago, my parents went to Maui on vacation and fell in love with it! I would surprise them with a trip back to Maui. They have done so much for my brother and I that giving them a vacation would be only part of the pay back. I would also send my in-laws on a vacation to Jamaica. They have done so much for Judd and I that a vacation for them would be a nice treat. They went to Jamaica on their honeymoon and loved it. Going back would mean so much to them! I would book a vacation to Europe for us. I have always wanted to overseas to certain parts in Europe and I think being able to go with my husband before kids would be awesome! We could go have wine and pizza in Sicily, Italy, enjoy the sites of the Eiffel Tower in Paris and walk on Abbey Road in England. I’d buy my brother a new car. My brother is still in college and working his butt off to pay for things including his car. His car is in bad shape though and it would be nice to give him a new set of wheels. Maybe a Mini Cooper! Yeah, I think he would like that! Donate money to charities. I would like to donate money to specific charities that mean the most to me. Open up a savings/money market account for our future kid’s college. Being able to put money away for college for our future kids would be very important to us both. My parents worked very hard to afford things for us but when it came to college if we didn’t get scholarships we had to foot the bill. They helped here and there with gas, insurance and sometimes even car payments but college was my responsibility. I would want my kids to have a little cushion to start off with in case college costs way more than it does today. (Which it most likely will.) Save money in general. I would save and invest the rest of the money. Being able to save it would be my biggest goal if I won the lotto.
For now I guess I can just keep dreaming about winning the lotto. I’m not one for buying lotto tickets but maybe just maybe the next time I buy one will be my lucky day!
What would you do if you won the lottery?