If suddenly you got handed $10 million, how long would it take for you to spend it? Maybe it would be longer than you'd think.

According to a new survey, the average American says it'd take them seven years to blow through the $10 million. Only 11% of people think they'd use it up in three years or less.

So how would we spend it? The survey found the 10 practical and mostly kinda boring ways, and the 10 most common things we'd splurge on.

The 10 practical ways are:

  • Investing
  • Giving money to family
  • Savings
  • Buying property
  • Paying off debt
  • Charity
  • Setting up funds for your kids
  • Buying a car
  • Traveling
  • Starting a business

And the top 10 things people would splurge on are:

  • A dream home
  • Traveling
  • A vacation home
  • Luxury vacations
  • The latest technology
  • A sports car
  • New clothes
  • A private island
  • Diamond jewelry
  • Fancy restaurants

Read more at SignatureFD.