I just did my semi-annual rolling of my accumulated change (not so much this time: $38.50. I’ve been trading a lot of change in for bills at work). Then I logged into my account at my bank to see where I wanted to put it.
And I noticed that they’re having their annual (?) raffle. They sell 5,000 tickets at $20 apiece. The prize is a 2007 Lexus ES350, which is a beautiful car. (Basically a luxury version of the new Camry.) I’m perfectly happy with my car, but, well, who wouldn’t want a 2007 Lexus?
The money goes to benefit charity. (Although really, they’re raising less than $60,000 ‘profit’ via the raffle, which isn’t so impressive?) I can think of the $20 ticket as some of the change I’m bringing in.
I just can’t make up my mind, though. 1/5,000 aren’t great odds, but then again, it’s far better than my odds in the lottery. But $20 to probably win nothing? But it’s for charity. And I have that ‘extra’ $38.50 sitting on my desk. So do I enter or not?
There’s also the tax impact to consider. :-
Then again, I could sell my current car if I won.
I was thinking about entering the same drawing but the tax impact was one thing. And I don’t really want a Lexis. So I’d have the complications of the taxes, selling the Lexis, buying what I really want. Well it’s just not worth it. Write a check and send it to a charity. Or use the money to buy into a Poker tournament. If you lose the money, which you will, some of it goes to charity and you’ll have some poker experience. 🙂 If you win there is not much tax impact as you will not win that much plus it will be in cash.
I just entered.
I happen to like Lexuses. (Lexi?)