If you won a lot of money, how would you manage your finances?
By Curlann
@annierose (21977)
United States
May 5, 2026 12:22pm CST
I'd like to share my thoughts on "Jackpot Summer" by Elizabeth Friedland, a book I just finished reading yesterday. It is about 3 siblings who buy a lottery ticket despite struggling financially. They win, but have trouble managing their newfound wealth. Have you ever bought a lottery ticket? If you won a lot of money, how would you manage your finances?
4 people like this
5 responses
@Ineeddentures (36579)
•
5 May
Lottery Tickets
Well I bought tickets when the lottery started all those years ago.
Never won anything of note
We have quite a lot of money now and we manage our finances ok
We have no debt
1 person likes this
@annierose (21977)
• United States
13 May
That's great that you've been responsible with your finances and have no debt. It's interesting that you've had a consistent approach to managing your money, even without a big win. Do you think playing the lottery regularly has any impact on your financial decisions or mindset?
@Ineeddentures (36579)
•
15 May
@annierose
None at all
I stopped playing the lottery soon after it started
@RasmaSandra (98402)
• Daytona Beach, Florida
5 May
I would make sure I had money for all I needed and wanted to do and then perhaps also donated some,
1 person likes this
@annierose (21977)
• United States
13 May
That's a balanced approach, making sure to take care of needs and wants, and also giving back through donations. Philanthropy can be a great way to make a positive impact. What causes or organizations do you think are worth supporting with a windfall like that?
1 person likes this
@RasmaSandra (98402)
• Daytona Beach, Florida
13 May
@annierose that is something that would take time to consider, With me it is usually children and animals first,
@luisadannointed (11885)
• Philippines
13 May
I will buy a lot, and then another lot and build an apartment for my passive income. I'll buy a retirement insurance and I will save the rest.
@annierose (21977)
• United States
13 May
Hiring a lawyer to help with financial decisions could be a smart move, especially with a large sum of money. They could provide guidance on taxes, investments, and other financial implications.
1 person likes this
@Juliaacv (56417)
• Canada
13 May
@annierose With a large winning it is advised to hire a lawyer before accepting the money, same with when you get an inheritance. Best practice is to keep quiet about any new money coming in.
Discussing money in general is considered to be very tacky and usually only done with people who have newfound money.
@annierose (21977)
• United States
13 May
Paying off debts and investing in your kids' education are great priorities. Helping out your sister and niece is also wonderful. It is clear that you value your family and want to make a positive impact on those around you.
1 person likes this
