What Could You Buy With $10,000?
That's a great question. One way to find out is to enter our contest, because you could win $10,000. After you win, you can figure out what the 10 grand could purchase.
First things first. Here's the details, and how you can enter. I'll wait.
Okay, back to the $10,000. Around here, we've discussed what we would do with the windfall. Answers have ranged from bill paying to booze, from investing to a trip to Vegas to parlay it into more. Personally, bill paying, followed by the purchase of a large Coke and fries with the remaining funds is where I'm leaning.
Just for fun, I took a look at what things cost in America a century ago. Talk about getting more bang for your buck!
- The average car (not many had them) would've cost about $500
- A gallon of gas averaged 12 cents
- A new home (depending on size and amenities) would go for around $3500
- A gallon of milk was about the same as a gallon of gas, 12 cents
- A loaf of bread was 6 cents on average
Let's take a look back 75 years:
- A new car averaged about $750
- A new house went for around $4000
- A gallon of milk went for 23 cents
- A loaf of bread was 9 cents
- A gallon of gas averaged 10 cents
Back 50 years ago:
- A new car averaged out at $3500
- A new house, on average, would run you $20,000
- A gallon of milk averaged 49 cents
- A loaf of bread went for 22 cents
- A gallon of gas was at around 30 cents
And, while we're at it, let's go back 25 years:
- New car-$12,000
- New house-$100,000
- Gallon of milk-$2.30
- Loaf of bread-61 cents
- Gallon of gas-$1.12
I'm thinking you should invest your winnings in a time machine.