Lotto windfall: Benefit payback
SHARON NEW ZEALAND
I've given this quite a bit of thought. I'm not an instant gratification chick so if I won Lotto, it wouldn't be about a mad spending spree. I'd think and plan long-term.
The first thing I'd do is pay off my mortgage and get my renovations finished. I owe it to my place to make it what I've been dreaming of but only doing bit by bit.
I would then put the bulk of the money in the bank to accrue interest. I've always said I'd pay back Work and Income every cent they have ever given me but I've been told they can't take it back because legally I was entitled to it. So I would find out how much it was in total and donate that amount to charities.
I'd choose charities that have directly helped me like the Lions Club, Birthright, food banks, Starship Hospital and our local playcentre.
I wouldn't buy a new car. I'd get my beloved FTO repainted and and add a little bling like a GPS, and a DVD for my Grandson.
I'd buy up cheap land and plant native forests in them.
I'd buy my kids a house each but they would have to pay low market rent back to me for the privilege of being able to live in nice places.
I'd pay tuition fees for all of my grandchildren in whatever sport or other activity that takes their interest.
I'd live on the interest myself. I'd probably allow myself a nice big campervan holiday around New Zealand for a year and pay my parents to live at my place.
View all contributions
Would you send your child to a total immersion school of another culture?Related story: (See story)