Savings - what would you do

Put it towards a house deposit, if I already had a house I’d probably spend a little on a holiday, maybe a car or just continue to save it for emergencies!

Pay off bills and finally get a better home.

@Alyssa Exactly the same!

Max out Roth IRAs for me and my kid for the year. Use the other half for a holiday trip.

Save it 😂

I would save it, they are savings. Are you debt free? And do you have your own house?

Pay off debts or pay off a chunk of mortgage

Assuming you already have an emergency pot for unexpected bull and a contingency pot of 3-6 months worth of money to cover mortgage and bills then I'd invest some and spend some. For me personally I'd get a new carpet for the stairs (so boring, I know) and maybe spend some on a trip away as a family. We don't have debts aside from our mortgage and a very low car loan which wouldn't make sense to pay off early.

@Francesca debt free. Don't have my own house and don't have a car.

That’s great you are debt free. I would personally be sensible. That’s not an insignificant amount of money and like others have said you do need ideally 6mths of living contingency in the bank. Keep saving. Everyone’s situations are different but if this amount of money is a lot to you then don’t touch it. If it’s pocket change then go ok holiday and spend it as you know in a couple of months you would have saved this up again. Everyone much live within their means.

Invest! Most savings accounts don’t even beat inflation so you are losing money. Just moving this money to a brokerage account would already make you more money. I use Fidelity and just their regular “checking” has a 4.3% annual return. Its a regular checking account so you can take money anytime, use a debit card, get a check. Put that money to work until you decide your next step 🙆🏽‍♀️

Deposit for a house. No to a car, they dont hold their value

If you have no other expenses or goals to accomplish that require $. Put some money aside for retirement like a Roth IRA. Then place some in a high yields savings account. Invest in invest funds that you can keep adding to like once a week. If you live in an area where property is cheap invest in the land or parking structures.

@wildcat I really wanted to put a deposit for a home but I'm worried that I will lose confidence in my driving. I've never bought a car since passing my test.