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.