If you received a large inheritance...

[ifiwereuidhatemetoo]

..and had teenage kids, would you ring fence a bit for their future..

OR would you say to hell to that and book an amazing holiday for yourself and buy a sports car?

Personally I would ring fence some for their future but that's just me.

If you otherwise have no difficulty to provide, get those holidays and this car!

Ting fence some and go on holiday

Is this a real or hypothetical dilemma?

I'd do stuff for my children - so much more satisfaction overall.

Definitely save some for the DC

I'd ringfence some of it for my children definitely.
AND I'd have a holiday

I think either ring fence some for their future or possibly spend some on things that will benefit them/the whole family now. It would have to be a pretty big inheritance before I could justify blowing a lot on a sports car

I'd try to find a way to do a bit of both. I would never waste money on a sports car but I do value holiday over quite a lot of other thing.

I'd also ring fence probably most of it for my kids I just know someone who is choosing to do the other and whilst it's entirely up to them, part of me can't help but think they are a bit selfish. I'm all for kids standing on their own 2 feet and all that but if you can help them then why not? Is a flash car that important??

No to flash car but possibly yes to the sort of holiday the teenage kids would love and remember.

Depends how much and how comfortable I already was.

Probably a bit of both.

I often daydream about what I will do with my father's money when he shuffles off this mortal coil. (And presuming it does not all go in care fees which is a distinct possibility)

I like to imagine I would have lots of exotic holidays but I am crap at actually spending money so I would probably invest it, or maybe buy a property to rent out so giving me an income and something for DD to inherit.

I have had brand new flash cars. Never again. Total money pit. Regular services etc to make sure you can resell it at a decent price a few years later. Not worth it.

I would put some away in our savings and some for the kids and a family holiday probably. Or pay the rest of the mortgage off so we had more money each month overall. Meaning we could save more.

For the future and travel, never a sports car though.

I'd make sure there was enough for college. The next priority would be a nice holiday for us all, then I'd start thinking about house deposits for them. After that, more holidays.

I would rather take the teenagers on holiday with me and thus we all enjoy it - as for the car they would probably want to drive mine anyway but don't know I would get a sports car?

If I had a large inheritance ,which is never going to happen , I would divide it in half.
One half for saving for the future and the other half divided between me,dh and Dc equally. Then we could all have a great time blowing a bit of money on something we wanted to buy or do. The savings would be for whatever rainy day came first. If it was something a DC needed( as opposed to wanted) thats what it would be used for.
I would never spend money on a brand new car. A year old model? Thats a possibility. ;)

I'd have a reasonably nice holiday and then invest the rest.

I'd invest it to provide for their future and our immediate needs.

It depends how large, tbh. Enough to buy a flat, I'd save it. 10K would be pissed through.

I'm glad we are all on the same page I thought maybe I was being old and boring! I find it particularly strange that she also has a 24 year old who could do with a leg up on the property ladder for example.

I should add that she relies on her ex husband to be the provider of any money to their children so I suppose in her mind she doesn't have to worry about helping with deposits on houses, uni fees etc as that seems to be his job.

I'm buying a new house and ring fencing some for uni fees for ddThe older DC is getting married so I'll be paying for that. The rest will be invested

No, I'd move house and have an amazing holiday.