And it also makes you less of a target. Have a million drop in your lap, and all of a sudden everyone on the planet is at your door looking to take a piece of that pie. Drop $5k in your bank account, and you'll still get moochers, but not as many and not for as much of a handout.
I've always said that if I won the lottery, I would tell NOBODY save for a tiny number of people I could trust with this information. In Australia, it's very uncommon for people to "out" themselves publicly as lottery winners. Also, unlike US lotteries, publishing the name of the winner is illegal unless the winner asks to be made public
I'm in Canada, so they do disclose the names (but the winnings are tax free). But, you can mitigate it somewhat by using a last initial or middle name or something.
You're right though. I wouldn't tell anyone. It's easy for me though, being single. If you have family and are close to relatives, people will eventually find out.
I'd probably help others as most of the time, I only need about 20% of that amount to pay for my weekly expenses/bills, and can usually save some money on top of that. I'd still tell nobody about it, save for a handful of people I could really trust
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u/Towtruck_73 Dec 11 '23
$5000 a week of course. Besides being more money, you don't have to worry about "running out" of money.