What Would You Do

achampionsheart

tithe ten percent to my church, pay off my college loans, pay off my house, buy a new car, and maybe buy my husband a new vehicle hehe....then put the rest up

AngelikaLumiere

pay off my debts

this. a million dollars is not a lot of money any more.

No kidding.

$1,000,000
- Federal Tax
=720 000
- 90 000 State Tax
~630 000
- Mortgage
~350 000
- Equity Line of Credit/credit cards
~335 000
- Replacements for 2 15 year old cars
~275 000
- Student loans
~240 000
- Home maintenance/repairs on 40 yr old home
~200,000
- Savings for children's college (2 x 2 years each)
~120,000
-Savings for emergencies (3 days in hospital % not covered by insurance)
~105,000
I used low average for estimating costs. If you are paying a larger mortgage or want a bigger house, if you want flashy cars, if you want to send your kids to a four year ivy league college, well enjoy the gum you can afford with the change.

Phoenix1401

Pay off my debt and buy my 1500 dollar dream car and tell everybody to kiss my fat black *kitten*!