Like 15 abortions. God I love abortions.
I do not understand that, in my country abortions are free
(ok, not actually free. You need to pay 15 euro for the blood test, a 30 euro tax, 2 euro for the hospital parking fee and around 10 euro to buy the painkiller or antibiotics after the operation)
Dude, I wish I lived in a civilized country. My cancer treatment would have cost somewhere in the range of $5 million without insurance. Healthcare is a human right
Dude, I just got the post-exposure rabies vaccine. Was four trips to the ER at $125 USD co-pay a pop… however, without insurance, I learned it can be as much as like $15k if you don’t qualify for assistance and/or Medicaid.
We really need to take to the streets.
oooOOohh look at mr big spender here with their fancy thousand dollar abortions.
Would make the world a better place than any other kind of charity, tbh.
can I just throw it on my mortgage?
Technically you’re using it to buy a house, so I guess that qualifies as spending it?
Seriously this. Like imagine taking a chunk out of principal like that, you would save thousands in interest!!!
I actually did do that, the advantage of having rich grandparents. It’s amazing how once you get a bit of money the system just throws advantages at you. Capitalism really is broken.
Because I was able to get together enough money to be able to buy a house and put down quite a lot in collateral, my mortgage repayments aren’t very much, considerably less than I was paying monthly in rent, even when you take into account that the rent included water bills.
Same, but substitute rich grand parent with being hit by a car in suit happy South Florida.
I’ve learned reading these comments that way too many people don’t know just how little 20k is.
I could spend 20k in one cart full of items at my local computer store.
It’s not much money, but in Russia I could live decently for ~3.5 years with that kind of money. :)
Stocks
Easy. Second hand electric car with a big range.
How is this even a question. If you have a mortgage you pay off your mortgage, or at least as much as they let you, anything else would go on a new car.
I would like to get my house renovated but that’s going to take more than a day.
Imo this question is pointed at young adults or teenagers because older adults are just going to trade liquidity for some other form or pay off some huge loan/bill.
I also feel like the question really underestimates the difficulty of completing large transactions in a single day.
Even buying a car often takes two or three days because there’s always some reason you can’t just drive away with the vehicle. You always agree to buy the car, and signed a bunch of paperwork to that affect, and then you have to come back a few days later to actually get it, whether they do some sort of grand reveal with a cloth, as if you hadn’t already seen it, and didn’t already know what it was.
Actually completing the transaction within 24 hours, especially if you weren’t previously aware that you would be doing this, would be quite difficult.
When I bought my first car, I preordered it (because the color wasn’t available) and then did all the paperwork in a couple hours when it arrived and then drove it off the lot. Maybe it’s different with lots of loans and checking, but assuming you have liquidity and proper certification in this scenario (I.e. Cashiers check), it might not be as difficult. I don’t think you even have to spend it all on one transaction so you could easily break it into smaller ones, like plane tickets and travel arrangements are expensive for a few people. You could splurge and make it nice. They said you had to spend the money but it didn’t mean you had to have the reward immediately
$20,000 worth of low-fee S&P 500 index fund
Mortgage, no question.
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gold coins at the local coin shop
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I clear out the grocery store canned and boxed goods aisles and donate everything to the food bank
I love the sentiment! Food banks/pantries are such a good way to directly help people in need.
But… I had heard that it’s usually better to give cash to food banks/pantries rather than food, that way they can buy what they need generally* at better prices than we can get. But I’m not directly involved in food banks/pantries, so please correct me if I’m wrong.
Of course, if you can get mega deals on real food* with coupons or whatever, then of course that’s better.
**I’d also heard that food pantries get so much cranberry sauce donated during November, but cranberry sauce is nutritionally deficient, and that if you donate food, make sure it’s real food.
Crypto is faster. Even if you believe it’s a scam, you can always just buy $20K worth of ETH and then just cash it out immediately. Would take less than 2 minutes.
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Pay off my car loans.
Would have to be cover the roof in solar panels and a battery set-up. Suddenly no electricity bills would be sick, then you add the potential to make money however miniscule instead… With no up front real cost it’s a no brainer to me
Paying less than 20k due to conversion of my 85k UK student loan debt wouldn’t be worth it
Good luck getting 20k to go that far.
Probably use it to pay off debts so my monthly stability is massively increased.
Index fund. Duh.
That’s not really spending since you can just withdraw it.
I’d use it to pay my mortgage. That would bring me down to like $6k (bought this place a long time ago on foreclosure, so it was cheap but it’s a piece of shit place, so tradeoff). I’d then just pay the remaining 6k from savings and have zero leftover savings (but that would replenish eventually), and be done with it forever. That would feel amazing and take a lot of stress off my fixed income situation.
What’s the interest rate? Rarely is it worth paying off the mortgage.
It’s low, but I’m not employed, living on disability and savings, so the sooner I pay it off the better. I’d be much better off not spending my full payment every month for the mortgage.
In general you are correct though, and I’m not actually in a hurry to pay it off because I don’t have enough to do so. But if I got the bulk of it suddenly for only one day, and could pay the rest from what I already had, absolutely.
Hookers & blow!
