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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

to use (some of)the kids savings to buy something for their benefit

30 replies

flipflopper · 03/10/2013 08:10

My children have been lucky enough to receive £1000 each from my grandma who died earlier this year

Me and dh have been saving up for a caravan but not getting on too well with it and with Christmas coming up, its not looking like much will be getting saved in the near future.

The kids REALLY want to get a caravan. Now is the best time to buy one as people are selling after the summer.
If we got one before xmas, we would be able to get it ready to use next year. So if we used the children's money, we would be able to get a really nice one, instead of a 20yr old one with damp issues!

I will be getting a lump sum of money when my grandma's house is sold so I would pay the borrowed money back (with interest)!

I just feel really bad about taking their money!
So tell me straight- would I be unreasonable to do this?

OP posts:
saintmerryweather · 03/10/2013 08:11

if you put it all back as soon as possible i dont think yabu. if they dont have access to the money anyway they arent goi.g to even notice

FuckyNell · 03/10/2013 08:12

Of course yanbu. Happy caravanning!

LaurieFairyCake · 03/10/2013 08:13

Of course yanbu - what a brilliant idea

StillNoFuckingEyeDeer · 03/10/2013 08:13

As long as you pay it back I don't see the problem.

cathpip · 03/10/2013 08:15

As long as you put the money back, i take it they were not going to get it or know about it till they were older anyway. A caravan is something that the whole family can enjoy straight away and is certainly a good investment. Enjoy caravan shopping!

BrokenSunglasses · 03/10/2013 08:16

If you're going to put the money back, then it's fine, but I do think you have to make sure it is definitely put back.

Chunderella · 03/10/2013 08:22

This reply has been deleted

Message withdrawn at poster's request.

shewhowines · 03/10/2013 08:24

It's great that you will be paying it back. It's only a loan.

But I think actually, that if anyone couldn't afford to pay it back, it would still be a good way to use the kids money. It would be for their benefit. They would get many years worth of good holidays out of it, that they otherwise wouldn't. I think in this particular instance, you could spend the kids inheritance without guilt, if that was the only way to afford it.

AnyFucker · 03/10/2013 08:27

Do it

AnyFucker · 03/10/2013 08:27

I wouldn't necessarily pay it back either

NoComet · 03/10/2013 08:39

DCs need money when starting out on adult life, not when small.

Memories of happy family holidays now and pay back the money by 18 sounds fine by me.

My DGreatAunt put her money to me and my cousins in our parents names with orders it was in trust until we were 18.

Mine kept us from going in to debt while DH was job hunting and before I got a decent PG grant, far better than spending it on lego.

NoComet · 03/10/2013 08:39

post grad (not pregnant) Grin

MammaTJ · 03/10/2013 08:41

YANBU!!

mrsjay · 03/10/2013 08:49

of course yanbu you are borrowing the money get your caravan we borrowed money from the dds in the past they have money in savings from their grandma too we always put it back , I am sure their grandma would rather it went to something useful and for them to enjoy

mrsjay · 03/10/2013 08:51

But I think actually, that if anyone couldn't afford to pay it back, it would still be a good way to use the kids money. It would be for their benefit

I agree with this tbh it is for them to enjoy too why not use the money for that and when they are bigger and you want to downgrade your van you can give them some money if you want

OodAlpha · 03/10/2013 08:51

If you're going to repay it(& there's no risk you won't be able to) then I would borrow it.

Jinty64 · 03/10/2013 09:58

I think the money is for you to use for their benefit. Go for it. If you can put the money back for them all the better. If you couldn't I would still go for it.

FrightRider · 03/10/2013 10:00

This reply has been deleted

Message withdrawn at poster's request.

Poledra · 03/10/2013 10:07

Looking like a unanimous YANBU, flip. Go on, do it. You know you can pay it back later and you'll get a better deal now - there's no problem. And I agree that even if you couldn't pay it back, the purchase is as much for your children as it is for you.

I'll cuss you if I get stuck behind you on a little country lane, mind Grin

Distrustinggirlnow · 03/10/2013 10:09

Oh yes, do it YADNBU

Exciting times Smile

Vivacia · 03/10/2013 10:11

I would only do this if I was confident of being able to pay it back soon.

Original poster
flipflopper · 03/10/2013 11:15

oh wow, thankyou, I don't feel so bad now. They do know about the money, but they know it is not for spending now, and it is for when they are older. They don't know we are borrowing it though!
I will definitely be able to pay it back, and will do so with more interest than the bank would give them!
We can go caravan hunting at the weekend with a guilt-free conscience now! x

OP posts:
mrsjay · 03/10/2013 11:17

ooh I love caravan shopping me and DH are looking at ones with a fixed bedDC are starting to not want to come with is, a little tip though watch the head height if you are going to get bunkbeds as the top bunk is out grown quickly

allmycats · 03/10/2013 12:24

Good Caravan Hunting - I love it !!
mrsjay - we have a Lunar Lexon (Freelander) with the island bed in the back and it is really lovely and can recommend it highly. we are having to change it though as we have changed our tow vehicle and need to go for something a bit shorter.

mrsjay · 03/10/2013 12:44

oh we will look out for that one allmycats we have also looked at 2 single bed ones too dd2 still comes with us but she probably wont in a few years so we will be the old couple drinking tea outside at dawn on the campsite soon Grin

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