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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

Husbands inheritance

335 replies

lisaloves · 22/08/2022 22:17

DH has inherited 15k from an Aunt who sadly passed.

We are very happily married with 2 DCs. Comfortable financially but certainly not loaded. Huge mortgage and things we need to do to the house etc.

DH wants to put the entire amount in to Bitcoin. He's reluctantly agreed to just put half in to Bitcoin and the other half in to our joint ISA.

AIBU to think this is selfish?

For reference I am the bread winner by a country mile and we share all of our income. I never question this so it now feels unfair that his money is 'his' money - when for a long time I've earned much more and it's all been shared money.

I don't know much about Bitcoin but from what I've read it's very risky business.

OP posts:
Thread gallery
5
mumwon · 22/08/2022 22:19

Against FCA advice there is no security he could loose the lot

Hapoydayz · 22/08/2022 22:21

You need to stop sharing your income so easily. He’s shown you he won’t so you’re being taken for a mug.

Thelnebriati · 22/08/2022 22:23

YANBU, its time to reconsider your finances.

HippeePrincess · 22/08/2022 22:23

I’d be having that frank conversation with him that you’ve shared your income thus far unquestioningly and yet he’s not.

resuwen · 22/08/2022 22:23

This is not very sensible. I assume your husband is hoping that it will increase massively and turn into a big win. A much smaller amount of money would allow him to participate in that lottery!

Hotandbothereds · 22/08/2022 22:25

Bitcoin is a complete mugs game, he’s an idiot to consider putting even half into it.

KangFang · 22/08/2022 22:28

Bitcoin is going to tank.
Even the dogs on the street know that.
He's being very selfish.

AquaTorfanaa · 22/08/2022 22:33

Investments? Yes. Bitcoin? No. Bitcoin will tank again soon enough.

Waterdropsdown · 22/08/2022 22:36

Well at least the valuation isn’t as high as it was….
I didn’t think you can get “joint” ISA’

chillipenguin · 22/08/2022 22:40

Waterdropsdown · 22/08/2022 22:36

Well at least the valuation isn’t as high as it was….
I didn’t think you can get “joint” ISA’

You can't

MrsElijahMikaelson1 · 22/08/2022 22:43

Stop sharing your income as well then
and no to the bitcoin fuckery-everyknows that is a highway to nowhere

Longdistance · 22/08/2022 22:44

Joint ISA? Are sure it’s not a saving account. ISA’s are for individuals, hence its name.

Almondsandraisins · 22/08/2022 22:45

Be glad your are the breadwinner OP, I think you have just seen a glance of your life if you hadn't been

chillipenguin · 22/08/2022 22:46

Is this "joint ISA" in his name or yours? Have you seen the statements?

lastminutedotcom22 · 22/08/2022 22:47

I'd be telling him to save it as he might need it when you tied him out for being stupid (Bitcoin!) and very selfish

bellac11 · 22/08/2022 22:47

I tend to say on these threads that the inheritance is not 'joint' money so I would be a hypocrite to say any different here but the bit coin thing is economically inept

He might as well just spend it on hookers and coke and waste the rest.

BEAM123 · 22/08/2022 22:47

Bitcoin is really low at the moment. I bought £10 last November just to trial, it's now worth less than £5.

AlpineSue · 22/08/2022 22:48

Maybe read this from this weekend’s Times

‘A giant fleecing’: how the Bitcoin boom ripped off ordinary people

www.thetimes.co.uk/article/62dc37de-196b-11ed-abb3-33f6138e136a?shareToken=e099a513bf8b993f201ddead44c5e59f

bellac11 · 22/08/2022 22:49

I cant read that times article but Im guessing its mostly men who invested in this is it?

Dammitthisisshit · 22/08/2022 22:50

A lot of people on here seem to see inheritance as personal money.
I think if you share all other finances then it’s shared, so agree with you OP.

AlpineSue · 22/08/2022 22:51

Its basically saying it was similar to a big Ponzi scheme with ordinary members of the public being persuaded to invest in crypto allowing the original investors to make huge gains and withdraw their money before the value tanked. Am paraphrasing but that is the general idea. See also the podcast The Missing Cryptoqueen which is also very interesting about the way crypto is marketed

Thefruitbatdancer · 22/08/2022 22:52

The £15k should be used to pay 9olff debts, pensions, repairs to the house & put straight into the mortgage. Anything left over can be invested into premium bonds which is guaranteed by the government whereas bitcoins aren't.

oviraptor21 · 22/08/2022 22:55

The next spare £15K you earn needs to be taken out of the general pool and put into the investment of your choice in your name.
It's a shame it can't be used to pay off the mortgage but if he's going to squirrel away (and potential lose a lot of) his money then you should do the same.

bellac11 · 22/08/2022 22:55

AlpineSue · 22/08/2022 22:51

Its basically saying it was similar to a big Ponzi scheme with ordinary members of the public being persuaded to invest in crypto allowing the original investors to make huge gains and withdraw their money before the value tanked. Am paraphrasing but that is the general idea. See also the podcast The Missing Cryptoqueen which is also very interesting about the way crypto is marketed

Thanks, however Im guessing its mostly men, perhaps it doesnt make the distinction

Discovereads · 22/08/2022 22:55

I think YABU because inheritance isn’t earned.

I think inheritance belongs 100% to whoever inherited it and their wife/husband has no say over it, nor should they accuse them of “being selfish” if they don’t want to spend it the way the husband/wife thinks they should.

It doesn’t matter that you’re the breadwinner and have contributed more, you earn more so of course your contribution is higher. He’s not in debt bondage to you because he earns less than you.

That said, I think Bitcoin is risky, but it is at a low currently and many are hoping for a repeat of the 2018 to 2021 rise. But as you say, you can afford for him to lose all the cash if it goes the other way. So, I’d just let him as it’s his inheritance and £15k isn’t very much anyway. It’s not a life changing sum that would make or break your pensioner years. If he’d bought a motorcycle, he’d spend just as much..so I say keep your beak out.