18 years old - £15,000 to spend... - HotUKDeals
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18 years old - £15,000 to spend...

rwm24 Avatar
9y, 1w agoPosted 9 years, 1 week ago
I recently had a motorbike accident (I got hit directly in the side by a Ford Galaxy, ended up in hospital for 8 days with a broken thigh, crushed foot, injured shoulder and wrist) - With all the evidence etc the solicitor seems to think the minimum I will receive is £15,000.

Of course I would rather be able to walk and get on with my life than have £15,000 but there isn't much I can do so I have decided to treat myself for once.

I have already got a good gaming pc and just bought a PS3 and im not really sure what else to buy, a new mobile maybe? I need some stuff to keep myself entertained for the few months of recovery.

What do you guys recommend?
rwm24 Avatar
9y, 1w agoPosted 9 years, 1 week ago
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#1
Wouldn't it be a good idea to get the money first?
#2
The money is going to take a while to come through so my parents are giving me a bit in advance, not the full amount just a bit I can spend to make myself feel better.
#3
a holiday?
#4
There may be trouble ahead.
#5
thesaint
There may be trouble ahead.

you are such a cynic:whistling:
#6
Mate of mine is still waiting for his 'guaranteed £18000' six years on...
#7
You're 18. The money you'll be receiving is there to help pay for any rehabilitation costs and any issues you may have as a result of your accident. Invest the money - don't waste it on **** you won't want 12 months down the line. Seriously, if you're asking here for ideas, then you don't really need to spend it at all. Stick it in the bank and let it grow, then use it as part of a deposit for a house or flat later on. Whatever you do, don't squander it.
#8
Is that £15k before or after fees? Are you on no win no fee? If as my gut suggests that before the solicitor gets his cut, then you won't be seeing too much of that at all! Buy a mobile on the old free post cashback deal from a reliable merchant (ask Duck if ya need help with that!) and save your money for a deposit or uni or whatever. God knows you'll need it.
(Also worth noting that even when you win it doesn't mean you'll get the cash.. The other side has to have it, and be willing to hand over. They might force you to give bailifs a cut, or even just declare bankruptcy to avoid paying you.)
#9
bitseylango
you are such a cynic:whistling:


I have a 7th sense. :thumbsup:
#10
Stick it in the bank and let it grow, then use it as part of a deposit for a house or flat later on. Whatever you do, don't squander it.


Good advice, £15,000 would give you a fantastic headstart when you want to buy a house.

By all means spend a few hundred of it but invest the rest for the future.
#11
From what i've been told the lawyer fees etc will be separate and not taken from the money I will receive. I was planning on saving most of it and only spending a little on myself and looking for the best deals on some of the latest gadgets etc
#12
Get a massive TV, a lazy boy recliner leather massage chair, an xbox 360 as its better than the PS3 and amazing surround sound speakers.
#13
Spend half the money on women, booze and having a good time then squander the rest:thumbsup:
#14
Cheap skate...
#15
tour australia for a year ;-)
#16
Deposit on a house/flat. Or invest and watch your savings grow.
#17
Advanced motorcycle lessons?
#18
:giggle:
Foxy102
Advanced motorcycle lessons?
#19
Id wait until i got the money in my hand. Like was said nothing is guranteed.
U should be glad atleast that your alive.
#20
cheapskate58
Spend half the money on women, booze and having a good time then squander the rest:thumbsup:


Good old George Best!
I've got a photo of my Grandad with George Best. Mate of mine came round and said- 'who's in that photo'. After I told him, he asked if my Grandad was a former professional footballer. 'No mate, but he was a big drinker' :-D
#21
At 21 I had £10,000 thanks to my Grandad, so I paid it as deposit on a £40,000 house (they were a bit cheaper then!)....4 years later I sold the house for just over £51,000 so after fees and expenses I had almost doubled my money....then I treated myself, a little...as well as got another house that needed work for £30,000 and is now worth approx £140,000..so just give it a little thought, eh. ;-)
#22
Who is your lawyer?
#23
I appreciate where you're all going with the "save your money" and the OP has mentioned that... but too right, spend a couple of hundred on yourself. You're 18!!

Just make sure you do invest the rest - im 25 and got a place with my OH last year. I had to borrow the deposit from my parents and owing it back to them hangs over me! It would be fantastic if you could save it for a deposit - one day you'll be really grateful for it...

In the meantime, get a PS3...! and have a good recovery
#24
Put a deposit down on one of these :)

http://www.suzuki-gb.co.uk/bike/gsx1300r/k8/
#25
.........oh yea, and spend the rest on drugs & hookers ;)
#26
Go up in the world and get one of these bad boys...

http://www.mvagustauk.com/
#27
...after getting advanced motorcycling training...
banned#28
blow the lot...........what time you picking me up:giggle:




No real advice just wanted to wish you a speedy recovery:thumbsup:
#29
billyX
Good old George Best!
I've got a photo of my Grandad with George Best. Mate of mine came round and said- 'who's in that photo'. After I told him, he asked if my Grandad was a former professional footballer. 'No mate, but he was a big drinker' :-D


Ha! Ha! Ha!

:-D
banned#30
My brother was wating for his money from 18 till he was 22! an he didnt get what they origionally said he would get! Dont waste loads of money.. like these guys r sayin, if you do get all of that, ur sorted for a house deposit or anything, hope u get well soon tho :)
#31
I think having ready access to that much money at 18 is a disaster waiting to happen. You need to invest it. Yes, it is not the sexiest option, but you will be grateful down the line that you did. Not sure what part of the country you are in but 15K will not even make a dent in your deposit amount so think of it as your starting point and a great impetus to save more.

If you really need some toys, then allow yourself £500 to go mad with on ebay. No more, no less. And don't forget to go through quidco :p
banned#32
Damn, I've been hit by a girl who had just passed her test it smashed up my bike cut my arms and knees up (nothing broken) and all I got was £180 to replace the bike. Then there was the time I was cycling on the path after my previous accident I thought it would be safer and a tractor pulled out of the hedge, I pulled the front break and went flying over the handle bar hit the bull bar of the Fastrax tractor and was thrown 10 foot onto the road. A broken collar bone and telling off by the police??? (apparently it's illegal to cycle on a path) later I'm no better off financially. Ohhhh... then there was 3 dog bites while at work, an ear half torn off puncture wounds to my arm and hand, I'm still no better off financially.
#33
I made the error of lending a mate 3 grand on the basis that his insurance payout was coming 'imminently', 18 months later I haven't seen a penny.

Solicitors and the legal profession are slower than a 3 toed sloth, Before asking your parents for the money, go back to your solicitors and ask them to chase for an interim payment and don't forget to keep all receipts of any related expenditure etc.
[mod]#34
Buy another cheap bike for a grand................do the same again and then you'll have £29,000.

Keep repeating above for 12-24 months and then buy a house. :-D (and reconstructive surgery with the leftovers)
#35
See how big a lump of cheese you can get for £15,000. Don't pretend you've never wondered...
banned#36
Wait until you are 21 and put yourself through your HGV driving test. Even if you never need to use it, its a great fall back for those times in life when things get tough. Getting driving jobs are easy, there's plenty of work out there. Like I say it'll be the best £2k you'll ever spend.

P.S. hopefully by the age of 21 you'll be all better, also your money may have come through by then.
#37
Buy a few sessions with a sexy female physio; kill two birds with one stone :giggle:
#38
go to university without worrying about debt.
banned#39
Buy a dinosaur
#40
High interest, high deposit savings account. Don't look at it for 5 years, then you'll have a deposit on a mortgage!

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