What Will You Do with Your Lotto Winnings

Winning the lottery is a dream. If you play regularly you know it could be your reality any day. Your chances are as good as anyone else's. So if you won 2 million dollars what would you do with it? Have you ever thought about how far that amount of money will actually go?

Most lottery winners want to buy the biggest house they can find. The cost of your new hose will depend on what part of the country you live in. An average cost for a really nice big house is about $700,000. That will get you a nice new house in a great neighborhood, maybe even a gated community. A new home is often the top priority for a lottery winner.

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 Disney land. Where ever you choose you will want to bring all of your friends and travel in styl so the trip is bound to cost you up to $10,000.

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 to you to fix their financial problems. You will want to use your money to benefit the ones you love. You can figure that you will spend at least $300,000 helping your family with their financial problems.

Suddenly you have gone from 2 million to $700,000. Well you're not a millionaire but it is still a good deal of money. That is until you realize you haven't even paid taxes yet. Your property tax will be high on your huge new house. Your car insurance will go up for the fancy new car and relatives will always turn to you for money from now on. If you want to make your lotto money last you have to be thoughtful of how you spend it. Invest more than you spend so that you will never have to work again.