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If you win some contest and get some extra cash from prize money then what will you do with it?

Submitted by Vikas on Wed, 12/31/2008 - 22:27
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Many a times we participate in contests. Suppose you've won such a contest and got the prize money. How productively can you use this extra money during this current economic crisis? Share your plans.


First if enough I would pay off my debts, next I would buy all new carpets (Mine are worn thin and are not keeping in the heat)
If enough left I would buy next Christmas presents and tinned and dried food to put away (ensuring of course that they were in date till at least Feb 2010)
Anything over and I might buy myself a piece of jewellery to remind myself of how lucky I am to be able to do that.


Submitted by Jenny Gibson on Mon, 01/19/2009 - 08:11

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It would really all depend on how much cash I won. If I won the Publishers Clearing House cash, I already have a plan to share with my children and my husbands children, save some for ourselves to buy a home and pay off all our bills and put the rest in CD's. If you are talking about $500 winnings, I think I would take it and buy something my husband and I have both wanted, such as an HDTV.

If by chance, you are talking about $50.00, I would probably put gas in my truck.

Thanks


Submitted by Carol Smith on Tue, 01/20/2009 - 14:11

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I as many Americans are pressured with the stress of paying off debt. This stress has been so high in my life due to poor financial decisions that I decided to do something about it! The only thing that got me through the stress was the promise I made to myself that if I had extra money, that I would do all I could to help others with it! Rather than buy something for myself, I would help someone that is really in need of a helping hand. Most people have debt and granted they need help but most of us have a place to live and food on our tables. A cause that has been near and dear to my heart is helping people who are homeless and hungry. I have volunteered at my local Rescue Mission and have helped collect over 2,000 lbs of food at my place of employment. I would use the $50.00 to purchase food and buy clothes at the salvation army to feed and clothe the homeless in my community. I'm an avid runner and I run by several homeless people on every run. I would hand these deserving people a nice sandwich and a warm coat. These are the people that need our help the most!


Submitted by Stephen M Patrician on Wed, 01/21/2009 - 12:58

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i will add to the money i earned to send back home for my family toby for their necessities as my son was injured and had a fracture on his leg so he was confined at home as he can't walk, and i'll do the best i can as i can't pay my absence as a mother.due to the cost and lifestyle back home i've got to sacrifice to leave my kids for my wish to give them a better education and better life but unfortunately accidents is unpredictable so i tried to answer this question honestly as i need help.


Submitted by julietguidangen on Fri, 01/23/2009 - 10:26

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Winning extra cash would be my dream come true! First of all, I would pay off all my debt. I would pay everything and everybody I owe and enjoy the feeling of being debt free! Second I would treat myself to a vacation if I had enough left over. This has been a very stressful last few years and I would love to get away. But I would make sure I was good first. I would want to be paid up on everything so I do not have to worry about money.


Submitted by bea2ls on Mon, 01/26/2009 - 06:10

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First of all, I would pay off any debts that I may have. I would then, next, put some money in savings for emergencies,depending what I won, at least 3 months of living expenses.

I would then stock up on groceries-canned goods meat to freeze, and staples.

I would then pay 6-12 months of car and house insurance. This would give me more each month, also, to work with.

I would then give money to my mother, brother, sons, etc, to help them get out of debt.


Submitted by Bossy4455 on Mon, 01/26/2009 - 08:04

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i have to go so my first response is hope it's enough to plan a dentist visit. I've been told both girls need braces (already), but the youngest's just caring for hers is what it is. At 7 her end alone was $650 and were almost at ayear since. On the bright side i'm aloud to do monthly payments.


Submitted by gooses3 on Mon, 01/26/2009 - 14:16

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