What Will You Do With Your Lotto Winnings

Winning the lottery should be a dream come true. You may fantasize about owning a mansion and driving a $100,000 sports car but what would your really do if you won. If you won 2 million dollars which sounds like a lot for anyone working an average 9 to 5 job for $30,000 per year but how far will it really take you?

Most lottery winners want to buy the biggest house they can find. Depending on where you live that could be anywhere from $500,000 to $1,000,000. We can average it out to about $700,000. That will get you a nice new house in a great neighborhood, maybe even a gated community. For many the lottery is their chance to own their dream home.

Once you have a huge new house you have to fill it with new furniture. Furniture is an expensive investment. You will probably end up spending around $250,000 on couches, beds, dining sets, rugs, drapes, and all the little decorative things that you have always wanted.
When you have the house and the furniture to fill it all you really need now is a new car. Every person has their own idea of the perfect car. Most new cars run about $40,000 or so but if it is fuel efficient it could be a good investment.

No lotto winning spending spree is complete without the vacation of your dreams. Where ever it is you want to go. You may go to Hawaii or Europe, or maybe New York or Vegas. Where ever you choose you will want to travel in style with all of your friends so the trip is bound to cost you up to $10,000.

So far this seems to be a reasonable spending spree for someone who has just hit the jackpot but you cannot forget the many friends and family who will come out of the woodwork looking for a hand out. There is nothing wrong with helping out your loved ones. It is expected that you will want to do what you can for them. We can figure that you will spend $300,000 helping your family with their financial troubles.

Now you are left with $700,000. You are not a millionaire and you have not even paid your taxes. You are probably in for a shock when you find out how much Uncle Sam will want every year for that fancy house. Your utilities will be through the roof as well. The insurance on your expensive new car will be more than you are used to and relatives will continue to ask for money despite the fact that you have already given them a hefty sum. When you hit your big payday, be responsible with your new wealth. Remember you want it to last a lifetime.

Article Source: http://www.bluearticles.com

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