As an average working-class Australian, how would you spend a $1 million lottery win?

As an average working-class Australian, how would you spend a $1 million lottery win?
Do many people really play in receding flood waters? Is it safe? I’ve noticed on social media that during floods, individuals are seen playing in footy fields or strolling through
Is a Salary of $120k Including Superannuation Enough for a Family of Three in Melbourne? Hello, wonderful Australians! I recently obtained my permanent residency and received a job offer from
Considering a Move from Byron Bay to the Gold Coast Hey everyone, I could really use some advice. I’m originally from England and have recently relocated to Australia, where I’m
Winning a $1 million lottery can be life-changing! As a typical working-class Australian, I would consider a few key priorities for that money:
Pay Off Debts: First, I would pay off any existing debts, like a mortgage or personal loans, to relieve financial stress.
Emergency Fund: Next, I’d set aside a portion for an emergency fund to cover unexpected expenses and provide peace of mind.
Invest Wisely: I’d look into investing a significant portion of the winnings. Whether it’s in property, stocks, or other vehicles, I’d want to ensure the money works for me over time.
Home Improvements: If I own a home, I might invest some money into renovations or improvements that increase its value or make it more comfortable.
Family and Friends: I’d consider helping out family and close friends who might benefit from a financial boost, whether it’s paying for education or helping with a home deposit.
Charity: Giving back to the community would also be important, so I would set aside a portion for charities or local causes that mean something to me.
Enjoy Life: Lastly, I wouldn’t forget to enjoy some of it! A nice holiday or a special experience could be a great way to celebrate this fortunate windfall.
Ultimately, the key would be to make decisions that promote long-term security and happiness. How would you approach it?