What amount is for you an ideal lottery win?

[Paladin1950]

$2.47 would tie me over for a while.

 

[Don M.]

I buy a ticket once or twice a week. About all I ever win is a free ticket, Most of the lottery money goes to the state education dept., so I guess it helps keep the property taxes under control.

 

[Rose65]

Rose, there are people I care about who work hard everyday but are still struggling to pay their bills and keep roofs over their heads. I would give them some of the money. Of course I'd share some with my son and give a little to each of my 5 grandchildren. I'd take a few really nice vacations, perhaps cruise to the islands or charter a private plane to get there.

Although I'm pretty set financially, I'd still add some to my pot in case I do have to be put into a nursing home; then I could get a private room. Nursing home stays here in New Jersey are among the highest in the country. A private room here would cost about $159,336 a year; a semi private $147,576 according to seniorliving.org Better yet though, I'd be able to afford round the clock private duty nursing care (and Aetna would actually pay for 35 hours a week).

People who won lottery money and blew through it didn't know how to handle money plus they let money change them. I learned how to do it well since my mid twenties. They also forgot that taxes had to be paid on that money and wound up owing the IRS. People get crazy when it comes to money. Some have entitlement issues. Spouses and so called friends get mad because you didn't give them what they think they are entitled to, etc.

Such good points you make.
Further to it, I again say it's best never to tell anyone how much money you have.

 

[OneEyedDiva]

Such good points you make.
Further to it, I again say it's best never to tell anyone how much money you have.

Thank you and I agree Rose, but some states in the U.S. require that lottery wins are publicized. Our governor, Phil Murphy just signed a law that states New Jersey lottery winners can now remain anonymous.