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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

to think that my dcs should pay for their own cars, houses etc?

315 replies

overthemill · 13/11/2010 19:25

this is really bugging me. I am from a fairly normal working class not at all well off probably poorish background. My parents loved me but had nothing so I never got anything from them once I left home. When I was at home doing summer jobs (as a student) my mum would ask for £10 a week (in the 70s) towards my 'keep'. I never got pocket money. If I wanted something I had to work for it (I got my first p/t job at 13 and worked all through school and college). My mum used to make up my grant (about £30 a term was what they had to pay) out of the money I gave her in the summer. My last year at college my dad refused to fill in the application forms so I didn't get a grant that year at all and I had to work 2 days a week to pay rent, eat etc. Incidentally I came out of college with a few hundred pounds in savings. Two days after my finals I got a job and have worked ever since.

I have no beef about this at all - I think it was 'normal' for my family and most of my peers, there were a few people I knew whose parents had more money but really very few.

I am now married to a lovely dh (not our first marriages) and we have 3 kids between us. I came along when his were 2 & 4 and ours was born about a year later.
First is due to go to Uni in 2011 ad it has suddenly become apparent to me that dh is expecting to fund in full her education - ie at least £10k a year for the 4 year degree, then do the same for the next one and then the next. I have always kind of known this but hadn't ever realised he was planning to wholly find it, not just 'top it up'.

And then, last weekend we had a real argument about the kids cars - dsd has juststarted driving lessons and will want a car. He blithely said, 'we'll have to buy her one' and still later 'we need to look into how we can help them all out with deposits when they want to buy a house'.

Now I am totally and utterly gobsmacked by this. He does come from a different background from me. Privately educated, Oxford Uni and he had help from his very comfortably off parents at various stages. He thinks this is normal. I think it is totally and utterly abnormal.

You need to know that we do not have much money at all - he doesn't earn loads and I lost my job last year and have struggled to find alternatives, he will probably get made redundant next year - and his payout will not be huge. We are always overdrawn and live paycheck to paycheck despite our best endeavours.

AIBU - please tell me, what do you think - are you all planning to impoverish yourselves to give your dc's money?

OP posts:
Faithless12 · 16/11/2010 08:06

Yabu. They are his children, and wants to give them his best that is surely what parents do. Also you say you've always worked but you're not now, kind of ruins your argument.

NestaFiesta · 16/11/2010 09:41

Faithless- bit harsh. Overthemill LOST her job, she didn't just give up working. What her DH wants to do will cost 306k (see earlier posts which worked this out). Whther he's right to want to or not, it just doesn't look as if they can afford it and her DH doesn't seem to be realistic about this.

Serendippy · 16/11/2010 10:45

Haven't read the whole thread but I think YABU in that you expect them to be able to do what you did. If they are going to need 10K+pa for uni, there is no way they will be able to work 2 days a week and the holidays to fund this.

If you can't afford it, that is a different matter, however you managed to do it on your own because costs were less. I know people who work full time and clear just over 10K so would not be possible.

Hope you manage to come to some agreement.

expatinscotland · 16/11/2010 10:49

'Also you say you've always worked but you're not now, kind of ruins your argument.'

If you'd bothered to read the entire thread, you'd know she is working again.

The house belongs to both of them. They are married.

Therefore she has just as much say over their joint monies as he has.

overthemill · 16/11/2010 16:11

I lost my job I have always earned more than him and was full time after my only child was born because we had responsibilities, eg maintenance, to his children and mine of course. And they are our children, I have changed their nappies, cleaned up vomit, cuddled them to sleep, soothed broken hearts...

it is just that now we are broke, really tough for us but I fully acknowledge that to other people we are not 'poor'. But we have a bit of equity in our house. DH is expecting us to fully fund all 3 kids through Uni and house deposits and cars - I cannot believe we should be doing this. I will do whatever I can, but £100k in fees - no way [shocked]

OP posts:
expatinscotland · 16/11/2010 16:28

regardless of what you believe, you can't afford to fund them.

Laquitar · 16/11/2010 17:47

'kind of ruins your argument'

I would say kind of making her argument stronger because she could lose her job again (OP i'm touching wood as i type, dont worry)It just shows that she is not in a previleged situation and with 3 dcs is not realistic.

mumeeee · 16/11/2010 20:33

NestaFiesta. It has taken her a long time to do thisand she will still go out sometimes and spend money on silly stuff, But we are very proud of her for learning to budget and also the fact that she actually phones us for advice about money sometimes. She would have nevr have done this when she was at home.
DD1 is 23 and her and her husband budget very well. They never ask us for money.

NestaFiesta · 16/11/2010 23:00

Mumeee They sound like DDs to be proud of. Its one of the most important things they ever need to know and they've cracked it fairly early in their adult lives. Smile

Why they don't teach budgeting and personal finance in schools I don't know but I guess that's another thread...

What we should all be annoyed about is that education is getting so expensive and elitist. Well meaning parents are facing poverty in order to get help their kids get educated! Education should be a right not a privelege. (Again, another thread. Shut up now Nesta)

RustyBear · 17/11/2010 14:31

"Why they don't teach budgeting and personal finance in schools I don't know but I guess that's another thread..."

Actually they do, it's part of the PSHE curriculum.

Cyclebump · 17/11/2010 16:09

It's tricky.

My parents were reasonably well off when I was younger and although I didn't go to uni, both my sisters did and my parents paid 'top-up' money for both.

They then, out of the blue, offered to give me a deposit to buy a flat as I had never used my 'university money'.

I was grateful and decided to take it. I have no doubt I would NEVER get on the property ladder in London without their help.

I'm grateful my parents were able to help but I have never expected them to and, if they were ever in a position to really need the money, the flat would be sold and the deposit returned.

I would NEVER expect them to get into debt to help me, that's ridiculous.

NestaFiesta · 17/11/2010 17:09

Rustybear- well I never, I didn't know that. I'm very glad they do teach finance and money in schools. My DS is only 4 so we haven't got there yet!

mumeeee · 17/11/2010 17:25

Rusty/ My DD's weren't taught about finance and budgeting in school.

RustyBear · 17/11/2010 17:43

I think it may be fairly new this is the sort of thing they will learn in Key Stage 2 (juniors), for example.

overthemill · 18/11/2010 16:20

i can't lose my job again cos i'm freelancing now, pretty much doing same thing but its very hit and miss and no one gives more than few days work at a time. But better than nothing.
Big talk last night with dh and i laid out the figures in front of him. He was shocked seeing it in black and white. Part 2 of the discussion is tonight. Will keep you posted.

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