Now it's my turn...here's what I would do =)
$0.01- toss it in the change jar
$0.50- give it to the boys to buy their special Friday snack at school or use it to buy the girls some gum (they love gumballs!) at Wal-Mart =)
$1.00- give it to the boys to buy ice cream on Friday at school
$5.00- in the summer, take the kids to family swim! Rest of the year, hit happy hour at Sonic
$10.00- in the summer, go to family swim and get a snow cone after; rest of the year, get ice cream at Braums
$25.00- movie with the kids- splurge on pop corn and soda
$50.00- dinner with John
$100.00- stock up on laundry soap or dishwashing soap or both =)
$250.00- buy everyone new shoes
$500.00- buy the kids some new clothes
$1,000.00- buy myself some new clothes
$5,000.00- use to trade in the van and jeep for a new (to us) van
$10,000.00- get a new (to us) van and pay off our "little" credit cards
$25,000.00- same as 10k, but add one "big" credit card
$50,000.00- pay off all high rate debt
$100,000.00- pay off all high rate debt, pay some toward student loans, start retirement funds, start college funds for the kids, trade in the cars on another one, put a small down payment on a house
$250,000.00- pay off every stitch of debt, fix our current van and drive it 'til the wheels fall off, then pay cash for a new (to us) one, start college and retirement funds, put a nice down payment on a house, gift some to my parents and brothers and sisters, go on a fun vacation somewhere in the lower 48
$500,000.00- pay off all debt, pay cash for a new (to me) SUV, get rid of my van, keep my Jeep, build a house on some land (would still need a mortgage, but not a huge one), start college and retirement funds, help my family (parents, brothers and sisters, and grandparents), vacation somewhere tropical
$1,000,000.00- pay off all debt, put a nice chunk back for retirement and children's college funds, put a nice chunk toward buildng my dream house, pay off my dad's mortgage, help my mom, help my grandparents, buy a brand spanking new SUV for me, and a newish "commuting car" for John, vacation, vacation, vacation!
None of these amounts would make us completely quit working, but anything after 50k would allow me to quit stressing quite so much about finances! 100k would help me feel like my future was starting to look pretty secure, and anything 250k and over would catch us up on retirement savings, give our kids the opportunity to go through undergrad with little or no debt, and get us into decent housing.
September 20, 2008
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