Comments on: $100 a month. How would you spend it? http://www.financingyourfamily.com/2007/07/31/100-a-month-how-would-you-spend-it/ Family Finance, Saving Money, Getting out of debt Wed, 09 Jul 2008 11:44:48 +0000 http://wordpress.org/?v=2.2 By:   What would you do with $100? Contest Results! by Financing Your Family http://www.financingyourfamily.com/2007/07/31/100-a-month-how-would-you-spend-it/#comment-267   What would you do with $100? Contest Results! by Financing Your Family Thu, 16 Aug 2007 12:39:09 +0000 http://www.financingyourfamily.com/2007/07/31/100-a-month-how-would-you-spend-it/#comment-267 [...] a while ago I had a contest called, $100 a Month.  How Would You Spend it? There were some great comments, and I’m going to share some before I announce the [...] […] a while ago I had a contest called, $100 a Month.  How Would You Spend it? There were some great comments, and I’m going to share some before I announce the […]

]]> By: Michael from Pro Blog Design http://www.financingyourfamily.com/2007/07/31/100-a-month-how-would-you-spend-it/#comment-234 Michael from Pro Blog Design Sun, 12 Aug 2007 23:40:08 +0000 http://www.financingyourfamily.com/2007/07/31/100-a-month-how-would-you-spend-it/#comment-234 Seeing as how it is unexpected money, then I'd assume that I already have my finances planned out safely with my regular wages, meaning that the extra $100 is expendable. For that reason, I would give it to my kids/nephews etc. (Any young teenager with an entrepreneurial spirit). Not as a gift, but as an investment for them. Give them the challenge of seeing what they can do with the money. Perhaps they're looking at starting their own website? Forums? Blogs? $100 would mean an awful lot to them; they could buy certain scripts, good hosting, adverts etc. It's a huge difference than trying to start a website with nothing, and it could really make a difference to their entrepreneurial skills. :D Seeing as how it is unexpected money, then I’d assume that I already have my finances planned out safely with my regular wages, meaning that the extra $100 is expendable.

For that reason, I would give it to my kids/nephews etc. (Any young teenager with an entrepreneurial spirit). Not as a gift, but as an investment for them. Give them the challenge of seeing what they can do with the money.

Perhaps they’re looking at starting their own website? Forums? Blogs? $100 would mean an awful lot to them; they could buy certain scripts, good hosting, adverts etc. It’s a huge difference than trying to start a website with nothing, and it could really make a difference to their entrepreneurial skills. :D

]]> By: mark http://www.financingyourfamily.com/2007/07/31/100-a-month-how-would-you-spend-it/#comment-213 mark Fri, 10 Aug 2007 19:29:02 +0000 http://www.financingyourfamily.com/2007/07/31/100-a-month-how-would-you-spend-it/#comment-213 I will be making the final decision on Wednesday and will post the review next Friday. I will be making the final decision on Wednesday and will post the review next Friday.

]]> By: paidtwice http://www.financingyourfamily.com/2007/07/31/100-a-month-how-would-you-spend-it/#comment-174 paidtwice Mon, 06 Aug 2007 21:55:09 +0000 http://www.financingyourfamily.com/2007/07/31/100-a-month-how-would-you-spend-it/#comment-174 Well, I can't answer both honestly and creatively at the same time. So I'll answer honestly, and then try to be creative with my honest answer. ;) I would use the extra $100 to reduce our debt. I ran the numbers with my trusty snowball calculator, and adding $100 to the amount we generally can put towards debt each month would allow us to: 1) Pay off our transfer to a 0% credit card well within the 12 months we have til that offer expires and it reverts to the purchase interest rate and 2) Get out of non-mortgage debt completely a full 4 months earlier (August 2010) than our current target date of December 2010. After August 2010, I would use said money to invest in my children and invest in me and invest in the world. I would divide the money into 1/4ths and invest 1/4th each in my retirement fund, my kids college funds (I have 2 kids) and I would give the other 1/4th away to a charity I chose. Maybe a different charity every month. :) I just found your blog keep up the great posts :) Well, I can’t answer both honestly and creatively at the same time. So I’ll answer honestly, and then try to be creative with my honest answer. ;)

I would use the extra $100 to reduce our debt. I ran the numbers with my trusty snowball calculator, and adding $100 to the amount we generally can put towards debt each month would allow us to:

1) Pay off our transfer to a 0% credit card well within the 12 months we have til that offer expires and it reverts to the purchase interest rate

and

2) Get out of non-mortgage debt completely a full 4 months earlier (August 2010) than our current target date of December 2010.

After August 2010, I would use said money to invest in my children and invest in me and invest in the world. I would divide the money into 1/4ths and invest 1/4th each in my retirement fund, my kids college funds (I have 2 kids) and I would give the other 1/4th away to a charity I chose. Maybe a different charity every month.

:)

I just found your blog keep up the great posts :)

]]> By: Maria http://www.financingyourfamily.com/2007/07/31/100-a-month-how-would-you-spend-it/#comment-173 Maria Mon, 06 Aug 2007 18:35:20 +0000 http://www.financingyourfamily.com/2007/07/31/100-a-month-how-would-you-spend-it/#comment-173 I would use the money to invest in my blog and some ideas I have for passive income generation. Then, when those started paying off I would spend most of my time slathering on sunscreen while enjoying tropical beaches! I would use the money to invest in my blog and some ideas I have for passive income generation. Then, when those started paying off I would spend most of my time slathering on sunscreen while enjoying tropical beaches!

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