- Buy a car
Obviously, you could buy a car and finance it. But those car payments will be a part of your life for three to five years, and often take up a big chunk of living expenses. And if you knew how much you would spend in interest over the years, it would make you cry. Another great way to spend $50,000 would be to buy a great car outright, or even an economical one for you and another for him. Having dependable mobility without the car payment will take you places.
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So, you probably don’t have $50,000 laying around, and if you did have the big wedding Mom and Dad would probably try to help as much as they could. The icing on the cake with these five options, however, is that you could convince Mom and Dad to help, anyway. Sign up for a social savings account and get your folks in on it. Tell them that you’re skipping the wedding, and why. Between would-have-been wedding gifts and how impressed everyone is with you for taking a different route, you might raise $50,000 and end up with your pick of these no-regrets way to spend the money.
