My boy Ramit is giving away $1,001 to a lucky winner in a couple of weeks – as a “social experiment” – so I thought I’d help him out by asking you all what YOU would do w/ the money if you happened to win it yourself? And the odds you’d actually *stick to it* if you really DID win it? (Make sure to enter here though first, or you’ll never even have a chance! ;))
Personally, I think I’d divide it up into 3 main sections:
- The first thing I’d do is dump $500 of it into our baby’s 529 college fund. Which we have yet to still open, haha… though I reckon this would certainly help speed up the process! ;) And I feel like $500 is a nice solid number to plop in for all future months too, but we’ll see how business and life continues… no matter what we’ll be putting in *something* every month!
- Then I think we’d use $300 for a nice trip out to a bed and breakfast somewhere in wine country, Virginia. Every year we try and do this for our anniversary, and those things are always so expensive in the time frames we want to go (mid to late May). It would be awesome if we got this year’s trip covered for completely!
- Then another $200 towards charities of my friends’ choice (since I don’t really connect with any myself). I’ve gotten pretty bad lately of donating money or giving time to any charities now that our own wrapped up in December, so this would be a great way to get back into the good habit of it all again. I miss not having a place I believed in 100% :(
- And the last $1.00 would go to a new lottery ticket! (In May, of course ;)) I figured if I got lucky enough to win this $1,001 in the first place, I should probably try and extend my good fortune!
I’m 99.9% sure I’d do all 4 of these too if I were to really win the money. It’s kinda hard to go back on your word when it’s down paper and you’ve blogged it out to thousands of people, haha… How about you though? What would YOU do with $1,001? It’s certainly not $640 million dollars like the most recent Mega Millions craze, but it’s still just as sexy!
(And remember, you can’t win if you don’t enter! So be sure to spend the 5 secs doing that as soon as you drop your answers down below – I want someone HERE to win that money!!)
PS: Do you think your odds decrease today since it’s Friday the 13th? ;))
Bonus tip: Find a good "balance transfer" offer to help pay off debt faster!
If you’ve been making payment after payment (on time) and still haven't been able to get your debt under control, snatching up a good balance transfer credit card offer may be the ticket to try. That’s where in order to gain your business - credit card companies will let you transfer your existing debt to a new card and let you pay ZERO PERCENT interest on it. Saving you tons every month!
What's the catch? Usually balance transfer cards charge a fee (around 3% of your debt balance) to let you transfer your balance to their 0% interest offer. But we've found a great credit card that will let you do a balance transfer absolutely free. Click here to learn more and see if you qualify!
PS: If you don't trust yourself with another credit card, ignore this! This strategy is to help you get out of debt quicker, not risk adding more to it.