What Would You Do If You Won The Lottery?

According to the National Endowment for Financial Education, 70% of lottery winners go broke and a third of those people go on to declare bankruptcy.

It’s such a huge some of money to win that, I’m sure it’s easy enough to spend fast and think later.

So, if you won the lottery, how would you spend your money?

Dump £35000 into premium bonds to bring me up to the £50000 cap.

Max out my S&S ISA.

Pay off all my student debt.

Invest a heavy amount in ADA & ETH.

Buy a house or two.

If I have children at the time, put 9000*18 into a bank account and max out their children’s ISA every year to give them a nest egg. Also set funds aside for them to study (preferably abroad).

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That’s a great breakdown and a smart use of the tax-free allowances with the ISA’s :moneybag:

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Gotta use them before they’re gone and all that