We have been asking this question to some of our Canadian Financial Diaries participants. One respondent said that she would pay off her credit card and put the rest in savings. Another would buy an apartment freezer and fill it with meat. A third participant would buy her cell phone and get a contract in her own name so that she did not have to go through a friend and pay more each month than the bill. A final participant would put the money in her son’s RESP.
We are interested to know what you would do?