You can't make me spend it!! I'll never break!!
It’s amazing to me that I’ve come to a point in my life where I would save/invest any money that came my way. There is nothing I need or want that I couldn’t already buy if it was important to me.
Here’s what I would do if I received/inherited the following amounts:
$10K – save/invest (duh!)
$100K – save/invest (still duh!)
$1M – adding this to my current holdings would bring me above my FIRE threshold, so I would pay off remaining $260K mortgage (even though at 3%); use $100K to complete dream home renovations; spend $40K on various travel adventures (over the course of a few years); spend $40K on new fancy car for DH (his want, not mine); save invest the rest.
The only two financial goals I have are 1) FIRE, and 2) DD college fund (which we have already effectively saved). I wouldn’t choose to spend any money outside of our normal living (pretty basic for our income levels) until both of these goals have been reached. We enjoy occasional inexpensive, local travel for now and keep our cars for a long time. Groceries is actually our #1 spend after mortgage payments.
Looking forward to reaching FIRE and living a simple life of service to others intermixed with a good chunk of relaxation, reading, learning, exercise (all free!).