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Forums - General Discussion - So I won $5000 this afternoon...

it depends - where do You live - I need the exact address to help You



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I wouldn't rush or feel pressured to spend it. Assuming your savings and retirement are secure and you really want to spend it I'd sit on it and think for a bit about something you've wanted to do or have. Maybe you joke about doing something but may seem financially irresponsible for you or someone else, but now you can.

You know better what you like, sports, leisure, travel, food. Maybe you know someone that part of it would really help them out or be a thank you to them for being supportive.



I'd spend about half on a decent vacation on somewhere I'd always wanted to go. (If you've never been on a cruise they are really nice and an excellent value.)

I'd put the other half in the bank.



That's great!

I'd if you don't have need of anything big now just save it for now. Like for a holiday or something in the future. Don't have to blow through it all immediately.



Ka-pi96 said:
Megiddo said:

How the hell are lottery/casino winnings not taxed in Canada?

How the hell are they taxed in wherever you come from?

Because it's income and income is taxed. Vices are taxed particularly hard.

https://www.irs.gov/taxtopics/tc419



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Ka-pi96 said:
Megiddo said:

Because it's income and income is taxed. Vices are taxed particularly hard.

https://www.irs.gov/taxtopics/tc419

Sucks for you then that your government is so intent on stealing all your money they're even coming after your gambling winnings.

The only certain things in life are death and taxes.



I don't know what you can do with it, but I know what you should not do, and that is spending that money in a casino again.



What a coincidence! I happen to be a cyber bully!

Hand it over, nerd!



Buy a graded Michael Jordan rookie card. either PSA 9 or BGS 9 and watch the value go up lol



 

 

Fun is overrated.... blowing 5k$ just because you "found it".
Its nice having 5k extra around for whenever... so Id just put it on the bank account and leave it there.