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Spend or save: What would you do with £25,000?

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Age UK’s Weekly Lottery gives you the chance to win big, but what would you do with £25,000 if you were to win? Would you spend the money or invest it?

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When you play the Age UK Weekly Lottery, you're in with the chance of winning a whopping £25,000 every quarter! We all have something in mind that we'd do if we won big like splash out on a new car, or give our rainy day fund a boost. But are you a spender or a saver?

Spend

If you're someone who likes to splash out a little, here are some ideas of how the £25,000 prize could make your dreams come true.

Buy that car you've always wanted

You know that set of wheels you've been after for years? Soft top, red paint, perfect for breezing around country roads? With Age UK's Weekly Lottery, you could buy the car of your dreams!

Make memories on the family holiday of a lifetime

Who doesn't love a holiday away in the sun, enjoying the time with family? You could enjoy a luxury trip abroad with the £2,000 Age UK Weekly Lottery winnings and be entered into a £25,000 draw that could pay for the entire family to go away. Why not use your winnings to make some memories and have the experience of a lifetime!

Give your home a luxury makeover

£25,000 would be the perfect amount to invest in some updates to your home. You could buy some new furniture to revamp a room tnat needs some love or hire some nelp for that conservatory or extension you've always wanted. This could add value to your house as well as sprucing up your current living environment.

Think about ticking something off your bucket list

There must have been some thing you've always wanted to do, perhaps an adventure you've always wanted to take? £25,000 would be the perfect way to tick off some must-do activities. You could take flying lessons, swim with dolphins or head off on a round- the-world adventure.

Save

Maybe you're more of a planner, and would be like to use your winnings to safeguard your future. While we can't offer you financial advice, here are some ways to save, you might want to look into further if you scoop the £25,000 prize. 

Consider opening a savings account for your grandchildren

Preparing for the future is always a good idea. Being able to save for your grandchildren could make a difference to them when it comes to buying a house or going to university.

If you've got a mortgage, ask your lender about paying off a larger amount 

It could be a way to reduce your mortgage payments or end your mortgage early. Even using a portion of your winnings could reduce your mortgage payments.

Put money aside for later in life

We're living longer than we used to, which means it's a good idea to think about our finances later down the line. Putting money away now could be a sensible way to make sure you're comfortabke for years to come. 

Seeking independent financial help and advice

You could consider taking financial advice to help you decide what to do with your winnings. By seeking professional guidance, you may give yourself the best chance to grow your £25,000.

So, when it comes down to it, are you a spender or a saver? Don’t forget to enter Age UK’s Weekly Lottery to be in with the chance of winning £25,000.

Play the Age UK Lottery today!

Every Friday you'll be in with a chance of becoming one of our 1,000 guaranteed winners!

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Last updated: Jan 06 2022

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