August 2013 Moms

CPW: The Lottery.

edited June 2014 in August 2013 Moms
If you won a ridiculous amount of money in the lottery would you take the lump sum or payments? Why?



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CPW: The Lottery. 56 votes

Lump sum.
53% 30 votes
Payments.
44% 25 votes
Special Snowflake.
1% 1 vote
Results.
0% 0 votes

Re: CPW: The Lottery.

  • I think I would do lump some and find ways to invest it or grow a business.


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  • I'd probably take payments.. you get more in the long run and I wouldn't spend it so fast haha. I would have some automatically go into investments and such.
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  • I think we'd take a lump sum and go straight to our accountant/lawyer. 

    I'd pay off our house and build a new one not too far away. We'd rent out our old house out for additional income. Buy a couple of newer (reasonable) cars. Maybe take a small vacation. Then we'd invest/save the rest. 



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  • Lump sum. I've heard if you take payments and you die it stops. Ie: cannot pass to spouse.
  • We have discussed this lol. We would split it. One would take their half in a lump sum and the other would take the payments. Win win !
  • payments. even the payments are large sums of money and you get to keep more.It keeps you from spending too much at once and its easier to handle a lil at a time

    Engaged 10/2/1202
    BFP (a lil quicker than expected) 12/7/2012
    Married to my best friend 12/24/2012
    Beautiful baby girl arrived 8/15/2013
    BFP #2 3/13/2016

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  • I'd want to take lump sum but most likely would go with payments. You get more and you can't bankrupt yourself via spending spree as easily.

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  • Lump sum and pay off EVERYTHING.

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  • ludaliludali member
    All lump!
  • ludaliludali member
    I voted lump sum but should have picked SS. Since H works for the HQ of the gaming/lottery, we would end up in Federal Prison if we won or even played for that matter...




    Anyone want to be our 10% buddy???
    DOHHHHHHHHHHHHHHHHHHHHHHHHH!!!!  Trying to think of what would be worth 10%?  ;-)
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