What would you do if you were given a million dollars, taxes were already taken out and you had to accept it?
I'm not sure how this would happen, where I would be forced to take money, but here's my answer. My husband and I talked this over, because it was kind of hard for us to come up with an answer that accounted for all of the money. The first $100,000 would be a tithe, split between the local church we attend and our "home church" that Dan is in the process of being ordained by. That was the easy part.
Another $100,000 to $200,000 would go into setting up a modestly built-by-us, sustainable homestead.
This is where it gets sticky. My husband wants to help our kids through college. I think putting kids through college teaches them they don't have to work for their goals. With our current income, we'd be splitting our annual $2 from UPromise between ten kids. I'm not sure how he's planning on helping more.
In real life, I am winning this debate by default, but if we had $1,000,000, he would have a better chance at winning the debate. At this point in real life, we are considering it an open discussion, since it is so far off.
If it weren't for the college debate, the rest would be put into savings of some sort. I'm sure we would be booted from government health insurance and would start paying our own health insurance with that money. (We are still on the government insurance and waiting to see what happens with the health care bill before deciding on the most economical way to proceed.)
My husband would continue college and continue working and seek a pastorate. I would still mystery shop for free restaurant meals. It's kind of a boring answer. Sorry if you were hoping for something more exciting.
What I find interesting is that the premise of the question suggests that we are frugal due to a lack of funds. That is not true. We are frugal because it is the right thing to do. Having a lack of funds has just given us better practice at being frugal.