If you suddenly had $200,000

[king4cash]

First I would clear all my debt and then invest in a house...

[hkckk5]

I would pay off some bills and put some in the bank. I would take a rather long vacation too.

[Mizzkizz7]

Pay off my car payment and put money up, buy another car and a brand new townhome.

[tantricia44]

Wow! I'd hire my Older sister to be my personal financier planner. I'd invest it & I won't act like those inherited spoiled brat billionaires,millionaires, trillion aires blowing everything over priced. I still go to the trift store, good will, dollar store, walmart, target etc even if I loaded.

[annadote]

If you woke up one day and learned that you acquired $200,000?

How would you manage it?

I would begin by researching whether or not I have to pay taxes on it.  I would definitely want to make that my highest priority. 

Would you tell anyone you have it?  If so....who would you tell?

I think I would keep that information to myself.

I'm not very materialistic but I would want to make sure all my bills are paid off and I would open a brokerage account so I could invest some of it.

Realistically.....What would you do?

Unless someone just gives it to you then you have to pay taxes on it.  If it is winnings or income. 

I would pay off all debt.  I probably would not tell anyone if I all of a sudden had that much money.  Nobody needs to know.

Technically, any money you get (yes even birthday money) is supposed to be reported on your taxes. Most people don't and a person paying you for something doesn't have to report it unless it is over $600. If someone gave you $200,000 it would probably be flagged by the IRS at some point in the transaction.

[singletonb]

I would only let my daughters and husband know. I would get as many bills paid and plan a family trip.

[LaTashaS28]

I would pay my bills, pay off debt, spend a little on me, go on a trip and put the rest in the bank.

[Sawman214]

I would invest it into something