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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To want to know how much financial help you’ve had from your family, and how much you will give to your children as adults

99 replies

LardLizard · 26/01/2019 13:50

Such as uni funeral education, first car, first house, weddings, grandchildren being born

Any other things you’ve had financial help with, or hope to help support your dc with

OP posts:
Babyroobs · 26/01/2019 15:44

My parents gave us the deposit for our second home ( lost everything buying our first home). It was around 7k back in 2002. They also paid £1000 for our wedding abroad which was all it cost and gave us help with childcare when our kids were little. Over the years they have helped out with smaller lump sums when for example our car has failed it's MOT or we have had a large unexpected house bill. My kids are teenagers now and the eldest has just gone to University and we are paying for his accommodation, have bought him a cheap car and pay to maintain it. We also paid for driving lessons for him and will do the same for our second son soon. My husband inherited some money and we will use some of that to help them with house deposits in the same way that my parents helped us.

Serendipitybojangle · 26/01/2019 15:45

Driving lessons only. Paid for my cars, wedding, homes by myself or with husband. Never borrowed any money from them and have always been generally better off than them financially by choices that I've made.

DrMadelineMaxwell · 26/01/2019 15:53

They let me live at home rent free during uni. I got a grant and paid for my driving lessons out of that.
When I got married they spent £1k on the basic service, which was all we really wanted for a no frills affair. No help with buying house and contribution when kids were born was to bring round nappies.
Once was given €50 to treat ourselves to a meal with when I took the dd on our first foreign holiday when they were 10 and 14. No pocket money until we were teens, then it was 50p a week.

I've paid for them to have an abroad trip woth school, have funded dds driving lessons and two tests...so far.... Am taking her abroad for a few nights for her 18th gift and will be giving her some allowance when she goes off to uni and will do the same for her sister.

AliTheMinx · 26/01/2019 15:55

My parents have been super helpful and generous. They paid for me to be privately educated from 11, and supported me through university - paying all my living and accommodation costs. They paid for driving lessons and bought me my first car.

They are not overly rich and live quite frugally (by choice), but saved carefully and inherited money too. An elderly neighbour with no family left everything to my mum, so when I was 5 my parents moved and were able to buy a family home outright. With no mortgage, this meant my parents could afford to send me to private school at 11. My dad was an only child and inherited the estate of his parents and an elderly unmarried aunt. Neither were huge amounts, but he was the sole beneficiary of both estates, so in total this was quite a sizeable amount. I was close to my grandparents and Great Aunt, and they both wrote in their respective wills that my dad was to use the money to help me financially with anything I needed (as I am an only child too), so my dad often uses that money to help me with sensible things - such as paying for our new boiler, car servicing, school holiday clubs for DS, etc. He also used the money to give me my deposit for my first house, enabling my now DH and I to get on the property ladder.

We have one DS7 (their only grandchild) and my parents now have savings accounts and a pension fund for him, so he will be financially secure when older. DH and I both work full time and save for our son too. He attends a good private school and does not want for anything. We are by no means rich in comparison to most of his school friends, but it's comforting to know that we have the financial support of my parents should we need it. I feel incredibly lucky and thankful to them for allowing me to be in such a privileged position.

My parents are very open about their will and future wishes, and I will be the sole beneficiary of their estate in time. They have lots of special trust funds set up and this will enable DH and I to live very comfortably and to put money aside for our son's schooling, University, first car and house deposit. I want him to have what I had, because I know how lucky I am and how much it has helped me to get on in life.

DH has a very different background. He comes from very little money, yet is good at saving and making sensible financial decisions, because he knows the value of money. We hope to pass this on to our DS, as I am guilty of sometimes spending excessively or frittering away money on silly things...

AliTheMinx · 26/01/2019 15:57

Forgot to say that they also paid for most of our wedding. They would have paid for everything, but we wanted to pay for somethings ourselves. DH's family contributed nothing!

AnnabelleLecter · 26/01/2019 16:00

Wedding paid for by both parents and aunt/uncle.
Money for first car from gp's.
Inheritance from DH's gp's which paid a big chunk of mortgage.
Used Inheritance from my gp's to buy our holiday cottage.
Cash gifts of a few thousand every year from very rich aunt and uncle.
Cash gifts of several thousand from IL'S every so often e.g. have paid for holidays, new car, home improvements etc. They know we don't need anything as we are better off than them but want to see us enjoy it while they're still here.
DD helped with driving lessons and will have help with house deposit and any further inheritance we receive will be shared with her.

lubeybooby · 26/01/2019 16:01

none apart from £20 to get to a job interview once and £50 when I ran out of gas

I give my adult DD as much as I can for birthdays and xmas but shes very self sufficient and has more savings already than I ever had so I don't think she'll need a house deposit or anything from me. I would help if she did though.

2019hereicome · 26/01/2019 16:02

Up until I left for uni I had a part time job and used that money to socialise etc although parents would chuck me a £5 here or there. They also paid for piano lessons each week up until I left. My siblings and I were also allowed to go on 1 foreign school trip in primary and one in secondary although I chose not to go in secondary.
Driving lessons, first years insurance and a wee run around car (cost £400). I more or less put myself through uni with loans but they did send me money very occasionally. £20 here and there and if I had asked they would have helped provided I wasn’t being financially foolish. They have allowed me to live at home paying £150 a month while I save for a deposit. Hopefully I’ll be ready to buy by the end of the year. No children or partner yet so can’t comment on that.

I am extremely grateful for what they have provided and would hope I will be able to provide the same for my children. I think it was just the right amount of financial support to help get us on our feet but still allow us to recognise that we had to learn to support ourselves.

Theunreasonableone · 26/01/2019 16:02

Lots of financial help from my parents and DH’s. We will also be giving our own DC lots of financial help when the time comes, God willing.

findingmyfeet12 · 26/01/2019 16:03

We've been given a lot of help from both sets of parents.

If we have a child, DH and I are in a position to buy it a house when the time comes and we probably will.

ohreallyohreallyoh · 26/01/2019 16:08

I have had a lot of help over the years. The main help was with legal fees when I divorced and cash to have us live in an OK as opposed to awful part of town which was what we could afford. I doubt I will be in a position to help my children in the same way but wouldn’t hesitate to give them what I can afford.

exLtEveDallas · 26/01/2019 16:13

Nothing after 15 when I was earning my own wage. I stayed at home till I was 18 and paid £15/week 'keep'. Moved out when I joined the Army. They've always kept a bedroom for me (and later DD) and I used their loft for storage for years. Paid for my own driving lessons, first car etc. Didn't buy a house till I was 42 though! They didn't give me money but they gave me love, stability and a sense of purpose.

DD has a fund that will pay out around £20k when she is 18. Depending on what happens and where/if she goes to uni I would expect that to either pay for her education or a house deposit. Her Nana left her £5k that she will use for first car/insurance. Other than that our home will always be hers, but I'll expect her to do the rest for herself.

Itscoldouthere · 26/01/2019 16:15

I got no help at all, my father left us destitute and homeless when I was 15. Good thing was I got a full grant and fees to go to art school, I also always had a part time job to have enough money.
It equipped me well, moved to london got a good job bought my first fat with a friend at 26 and have made money on every house purchase through improving and being in London.
We inherited a very small amount when my father in law died, but only 1 years school fees.
Our children have had private education for some of their secondary education, mainly due to special needs.
Driving lessons paid for eldest DC currently has my old run around car.
We are paying his rent/living expenses whilst he’s on a course and will pay for other DC to go to uni.
They have had and will have so much more than we ever had, but I’m not sure if it’s a good thing, I’m happy that I could afford to make choices for them, but I don’t think they are as resilient or driven as I was, but I had no choice, I hated my life and had all the reason to change it, my DCs have a lovely life so why would they change it?

FuzzyShadowChatter · 26/01/2019 16:16

I haven't had any financial help from my family since I was 18 (my mother since I was about 15). My in-laws did a small amount but mainly practical - they helped with moving with our first and second flats and we stayed with them for a bit before each of those, but weren't really in a position beyond that.

My grandfather did help when I was 18 by giving me a few thousand dollars, an early inheritance/starter help, and I'm working to save up a bit more for each of my kids to help them when they're looking to move out. None of mine are adults yet so I've no idea how much beyond that I will help or be able to help, but I hope to be around far more than my parents.

Universalcreditwoes · 26/01/2019 16:20

Nothing but I will do whatever I can to help mine

Bluelady · 26/01/2019 16:22

My parents gave me things money can't buy:

Unconditional love
Endless moral support
Unlimited excellent advice
Sound moral values
Integrity

Anything else is nothing to do with anyone except me.

tinytreefrog · 26/01/2019 16:23

From my parents nothing at all. DPs have over the years brought us a car, a pram when dd1 was born and randomly a shed.

Bluelady · 26/01/2019 16:23

Oh I forgot - amazing genes.

tinytreefrog · 26/01/2019 16:24

Sorry forgot to say, that if we can afford it, we will help the DC with whatever they need.

yearinyearout · 26/01/2019 16:29

I had no help from my parents at all but since being married we had a few cheques from DH parents at various points over the years. None of them life changing amounts but enough to pay for a family holiday abroad etc. As far as our DC go we bought first car and have paid towards rent/food at uni, plus helped them with one off expenses and holidays they couldn't afford otherwise. I would like to help them with house deposits when the time comes but I'm not sure DH agrees with me on that...

BrusselPout · 26/01/2019 16:35

My parents weren't in a position to provide any financial support apart from first 5 driving lessons as my birthday present.

We pay a monthly amount for kids at university but apart from that would not anticipate providing anything else

autumndreaming · 26/01/2019 16:43

@exLtEveDallas 20k definitely won't pay for an education, people leaving uni now in England have £27k debt just from tuition fees for a 3 year degree, plus 3k-6k a year maintenance debt. And the interest piles up. Friend of mine who left uni 3 years ago is up to £48k undergraduate debt

MsAwesomeDragon · 26/01/2019 16:43

My parents paid for my first lot of driving lessons, but I didn't pass then and when I tried again a few years later I paid for them myself. I've paid for dd1 to learn to drive, and will do the same for dd2, but neither of them will be getting a car, they'll have to pay for that themselves.

When I went to uni the fees were tiny and my parents were only supposed to contribute £1000 per year. They provided all my childcare for the 4 years of uni though, which was worth significantly more than that. I've already contributed more to dd1's uni in her first term than my parents were expected to in my entire 4 years. I'll be paying at least the same amount for dd2 when she goes (about 10 years time).

Dh's step dad lent us a few thousand £ when we were buying a house. We paid it all back, but it was very helpful when we needed it. If I can manage to give my dds some help towards a house deposit I will, but I can't imagine it will be a huge amount because I am not managing to save much due to paying for dd1 at uni while still paying for wrap around childcare for dd2. I'll do what I can though.

I don't think I'll ever be in a position to help out with childcare other than occasional babysitting. I'm assuming I'll still be working full time when any grandchildren are born.

Kemer2018 · 26/01/2019 16:51

None. Divorced parents. Mum raising 3 kids alone before tax credits and nmw, no maintenance.
Dad tighter than a ducks arse, dissolved his company to avoid paying.
There was no money. I worked from 16, passed driving test at 23 due to money.
Got a home at 23. Good.
With my DD I'll cross that bridge when i come to it. I want her to have it a little easier than me so i will help, but i don't want an entitled layabout here in their 30s.
Also, i don't want to gift all my money to impoverish myself in old age. I've been bloody poor before, it was hard enough when young and fit. Not possibly in old age.
DD will have years of energy and earning potential, mine is diminishing. I cannot start again if i give her all my savings.

Buttonspoonmoon · 26/01/2019 18:53

My father has helped myself and my sister massively financially, I will admit that, he's very wealthy and he has made sure we've been comfortable. We've never wanted for nothing and I can't complain, he's been responsible for giving me a foot into my career path and when I lost a job he found me another immediately. My sister has made some mistakes in life, she's currently going through a divorce, and we're both aware that if we didn't have our dads support a situation such as a divorce would be costly and difficult. We live down south and dad has helped both of us onto property ladder plus paid for our weddings.
On flip side DH and his siblings, are constantly badgering their parents/and up till recently older relatives for money and they just don't have it. DHs parents have remortgaged and given up long term assets to provide capital for one of DHs siblings to make awful business choices, he's recently lost them over 140k they can ill afford, but the total overall is probably 500k. The parents are a little silly and just give in, they've put their name to a whole host of things in the knowledge that DH sibling won't because they are fully aware that if they 'own' nothing then nothing can be taken from them. My DH enjoys the financial security my father gives us, but he does have issues with money, as do his siblings, none have had 'proper' jobs they just 'worked' in the family business, all are lazy and 'expect' an 'allowance' still, even though they are grown with kids of their own. The youngest still kind of lives at home but has never paid anything to living expenses. I know I can't talk, as I've had everything handed to me, and I don't know what it's like to struggle but I feel uneasy when DHs parents give DH money, I have asked him to give it back but he refuses and says its his 'share', luckily they still live up north and we don't see them that often, I also witness his siblings demanding money, I know they simply cannot afford to suffer any more losses.
My dad has provided for our DS, so I can't answer how much financial help I'd give my child, I'd like to think I would be as generous as my father is to me. I don't think I've grown up feeling 'entitled', but I do, unfortunately, feel that my DH and his siblings have and I do worry this may wear off on DS!

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