spending or investing £5k. ?

[Morrisman]

Property improvements can recoup the cost several times over, if the circumstances are right. Usually just before deciding to sell, if bits of it are looking tired.

I just spent my last £9k of dads inheritance getting a new block driveway laid. The temptation to spend it on beer or drugs another motorcycle or a hot rod was immense, but common sense took a grip.

The drive was a mess, old tarmac, cracked and sunken, and a bit too narrow.

 

[RaceDiagnostics]

Invest in yourself and go an a great holiday.

 

[Monkey Harris]

you most likely wont see F all from 5k worth of premium bonds , cats chance in hell of a decent win , bank interest wont be nothing on that , mrs has 5k in barlclays that pays 5% and its £20 a month !

id say pay off any credit cards etc first

as an isa or other investment tool..

 

[CompoSimmonite]

I've seen a few 'bargains' ie someone is selling a welder cheap because they have bailiffs on the way because the car finance is overdue.

I got my lathe that way. Seller's wife had left him and he found mountains of debts in joint names so he was selling everything off just so he could keep the house. I paid £500 and he gave me the purchase receipt as it was only a few months old so under warrantee. This was around 20 years ago.

 

[Dilkris]

I'd spend 50% of it on women and drink and waste the rest

 

[arian]

I'd spend 50% of it on women and drink and waste the rest

"What went wrong?"

 

[Keith 66]

Kent reliance are giving 5.1% on an instant access savings account, I just moved some into one of those as it was earning sod all where it was.