my (imaginary) lottery millions

I try to keep up with a couple of PF blogs now in order to motivate myself and to learn more about this community I’ve joined. It always gets me thinking and today was no exception.

An English Major’s Money asks, “What would you do if you won $2 million?” It’s funny, because I’ve actually been thinking a lot lately about what I would do if I won a modest lottery (OK, $2 million and modest don’t really go together, but some of the jackpots these days are enormous!) So, here it goes (not really in order beyond the first point).

$1,000,000 to my sister. Ever since we were little and my mom would (occasionally) buy us each a scratch and win ticket, we’ve had an agreement that whatever we won over $10 (an unimaginable sum at the time) we would split 50/50. This first million is rightfully hers.

$400,000 gets invested. I’m retiring way richer than I was the day I won.

$250,000 goes to a place of my own.

$50,000 gets socked away for emergencies. I will never worry about money again!

$75,000 is travel. My family goes back to Europe (Paris again, and with shopping and 4star restaurants this time!), my sister and I finally go on our African safari (she’ll pay her half - she’s got a million too!), and I take vacations and long-weekends with my boyfriend and best friends (London, The Virgin Islands, Memphis, Georgia, Vegas, Montreal, Quebec City, Halifax… ) for as long as the rest of the money holds out.

$25,000 is invested to help cover the education of my future kids.

$100,000 goes to family.

$50,000 goes into my regular bank accounts for living that good life.

And last, but not least,

$50,000 goes to charity.

What about you?

p.s. My happy dance would look something like this (and I’d do it everywhere too).