What Do You Do With Your Winnings?
You suddenly receive a chunk of money. What will you do with it? That’s a question that I have heard often. Not directed to me. I have no prospects of landing more than pocket change, unless my mystery gets published, hits the bestseller lists, and gets picked up for a television series.
But I watch a fair number of competition shows on TV, primarily on Food Network or The History Channel. I enter giveaways occasionally, when HGTV is offering a fabulous house in Rhode Island as a prize. But I never even buy lottery tickets, to which I have a philosophical objection. (I believe that they are a tool used by the upper classes to make money by fooling people into believing that they can magically join the upper classes. But I digress.)
The prizes offered in the shows I watch are seldom life-changing, usually starting at $10,000, which seems nice, but I have seen them go up to $100,000, which actually could be life-changing, if not a key into the leisure class.
What the contestant would spend the money on if he or she won is a question that invariably gets asked. I have noticed a pattern in the responses. There are a few major categories.
Travel. Contestants’ dreams of travel seem pretty realistic to me. It’s what I would spend my winnings on.
The usual fantasy trips are to take the family on a great vacation, to have a honeymoon that somehow never happened, or to visit a part of the world from which ancestors came. In the food competitions, there is also a tendency to wish for funds to travel the world (or at least part of it) sampling and learning how to cook different kinds of cuisine.
(Since we were on the subject of honeymoons (or at least I was), I also hear contestants who want to spend their prize on an engagement ring or a wedding. I know the price of diamonds and of weddings have not gone down in recent years, but $10,000 or $25,000 seems a bit high for regular folks, the ones who never appear on “Say Yes to the Dress.” An engagement ring for $25,000? I mean, come on!)
Home. I’ve heard a number of contestants say they would like to put a down payment on a new home. This time the figure seems a bit too low. But what do I know? Maybe the couple has already saved toward a house and this would put them over the roof, so to speak.
Other winners say they would renovate their kitchen (on the food shows) or their workshop (on craft- or building-type shows). This I can understand. Remodeling a kitchen or a workshop could easily eat up that kind of money, especially if new appliances or tools are required.
Business. Again, as with houses, the prizes offered don’t really seem magnanimous enough to start a business, but again, most of these lucky winners may have a fair amount put aside already. Or their dreams are more modest — to get a storefront instead of an internet bakery (a concept I’m not altogether clear on), or a food truck (I’m assuming this would also be a down payment, given that a food truck would have to cost more than a car, which you can hardly get for $10,000 anymore anyway) or the ability to turn a part-time hobby into a full-time business, which seems to me like a pipe dream, but I suppose there are people who could make it work.
Charity. Some of the potential winners have loftier goals. I’ve heard chefs say that they would start a variety of cooking programs for troubled youth. I’ve heard winners say that they would give part, or even all, their winnings, to a charity that provides funds for researching a disease or condition that a family member suffers from. Others want to donate to a church or other religious cause. Once I even saw a kid (on “Kids’ Baking Championship”) who wanted to help out a teacher who had fallen on hard times.
Me, I’d be off like a flash to Ireland with my husband. (I’ve been twice, but he’s never been). If there’s some left over, we’ll just have to arm wrestle for it. Maybe Benson, Arizona, where we once enjoyed one of our best vacations ever. Or, more likely, only as far as the IRS office.