The past few weeks, I’ve been sitting tight, waiting money from different sources that’s owed to me. Not quite a good as getting a job, perhaps, but at least something is coming in. All the money that’s due to come in already has a use tagged onto it. So I got thinking, what would I do with the money if someone handed me $X right now? Well, when X = …
$0.99: To my change jar it would go!
$10.00: Into my wallet, where it would eventually be spent on food (at least that’s what my Excel document titled “Expenses” tells me I usually use cash for)
$100.00: Into my checking account, where it would sit until my next car or credit card payment.
$1,000.00: Hmm… as the numbers go up, I have to think longer. I’d pay the $400.00 I still owe the school (argh), then put $200.00 towards my credit card debt, then put the rest in my checking account for future car/credit card payments.
$10,000.00: First I’d make this sound: “SQUEE!” Then I’d pay the school the $400.00, pay off my credit card debt completely, pay the interest from my unsubsidized student loan, take my car to the mechanic, buy a bunch of shirts from mondonation and give them away, and then put what’s left (~$7,000.00 depending on how much my car costs to fix) in my high yield savings account for school expenses.
$100,000.00: Buy a trampoline. I’m serious, I’ve always wanted one. Then, I would pay the school, pay off my credit card, pay OFF my student loans, take my car to the mechanic (yes, even with $100,000, I wouldn’t replace my 1996 Oldsmobile – I mean, it’s only got 47,000 miles on it!), loan my mom about $10,000 to fix certain things with the house that will make it sell for more, max out a Roth IRA for the year, give $10,000 to a charity (haven’t decided which one, yet) and put the rest in my high yield savings account for school expenses.
$1,000,000.00: Faint.
Unsolicited tips:
1. If you still have a car, sell it and use public transport and a bike.
2. Move. Why to live in one of the most expensive cities in the whole world?
3. Buy “You money or your life” from Dominguez, the best book on this subject.
4. Adsense. You’ve been featured on a Brazilian newspaper today so you are going to have some extra visits the next few days.
5. Sell stuff you don’t use.
Anon: Thank you for coming by, and thank you for the tips. In response:
1) I have a car. I just bought it, for only $2000. I live in a rural area, where there is no public transportation or anywhere close enough to bike to (also, it’s too cold here in the winter to bike anywhere!). I hardly ever use my car, so I only put gas in it once a month.
2) You’re probably mistaken, and think I live in New York City. I actually live about 300 miles northwest of NYC, in the middle of nowhere. It’s fairly cheap to live in the middle of nowhere!
3) Thank you for the book recommendation. I’ve put it on my reading list!
4) I had Adsense, and I didn’t like it. I only believe in putting ads on this site for things I would actually use myself, like Upromise, myFICO, and ThinkGeek.
5) My mom and I are gathering up a lot of things for a huge garage sale! I would ebay some things, but knowing we’re just going to have a garage sale in a couple months, I’ve just been boxing things up for that.
Faint indeed! It’s fun to think about what I will do when I actually am a millionaire. I have this sneaking suspicion that I may want a trampoline also!
I have a trampoline! yay!@ If u want one and have a big backyard, then get one! Stephanie maybe w8 a yr or two because they pretty expensive, and if i was millionaire, then i would buy a car, then lease it to ppl. XD