What would you do?
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A mix of all three.
Part of a deposit for another property
If I had any debt (that’s not a mortgage) I would pay that off but since I don’t I would definitely get a new kitchen, I’ve wanted one since we moved here 7 years ago!
Nothing. If 10k is the only extra it should probably be kept as emergency reserve. Some debt is ok, it can build credit at the very least.
Probably put it into savings, to buy a bigger house later down the line
Medical debt 🙃
Pay off my debt, order take out, then buy eggs
We have a lot more than this ‘spare’ - we go on a few vacations a year, doing all inclusive in Greece next month. We’ve also done a few things to the house and will probably do more at some point. However if I had any debt I would 100% pay that off first.
If the debt isn’t mortgage then pay that off, it is mortgage then go and make memories. Life is too short to buy a new kitchen in my opinion🤣
Use half to overpay the mortgage and the other half to go on holiday!
None of the above. Invest
Totally depends, do you have bad debt I.e. credit card? If yes then that’s priority. Next for me would be emergency fund. It is not spare money if you do not have 3-6months emergency funds in a high interest savings account. If you are debt free, have an emergency fund and own a home already then I would be going on a nice holiday as I love traveling. If the house needed doing up, I would be doing this too.
Pay off my student loan. And get a painter/decorator and a handyman.
Mine would be some towards savings and trust/college/after high school fund for my daughter then I would look into traveling to France/abroad for Christmas with my family and whatever is left over I would put towards a bigger place for me and my family
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Depends. We have debts (although mostly interest free so not costing us anything at least) and very little emergency fund atm but also a ton of stuff needing done to the house. I'd probably spend some on a cheap holiday (under £1000) because we haven't been away anywhere for nearly 2 years, some on fixing the house (probably a £3000-4000 for various small-ish things) then keep the rest as savings. I don't think debt is automatically bad, you just need to be careful how you use it and how much it costs you. If your money is making more interest in a savings account (or equivalent) than the interest you're paying for debt then it doesn't make sense to pay off the debt earlier. Admittedly that's an unusual situation though
Depends what the debt was on. If it was the mortgage, then I’d probably do something to the house instead. I’d pay any other debts off asap before spending more.