To Spend £1345 on a Set of Earrings ?

[Moaning5]

My dad has just gifted me £2000 - how nice !

My parents have NEVER gifted me money in this way. He’s done something with his pension and given all of us (4) the same amount.

I have no real savings to speak of other than an emergency fund. I have no mortgage to put it towards. I have grown up children who are independent. I have no debt to clear.
AIBU to pay £1345 for a pair of gold hoop earrings with pear drops as worn by Princess Catherine which I have always loved ?
Or am I being ridiculous and it needs to be be spent more sensibly ? On what though ?

If you are financially secure why not.

I'd put it away and save it.

I’m sorry, but if you have no real savings then I think you need to save it. What are you planning to do when you retire?

Personally I’d be loathe to spend that much of it on a frivolous item when I didn’t really have much in the way of savings although it does depend on how much you have as your emergency fund I guess. That’s not to say I wouldn’t spend anything on something lovely to make me happy, but not that proportion.

Assuming you have no big financial worries in your life, I would buy the earrings. They will bring you joy and remind you of your Dad's gift. Life is precious and things that can make us smile are wonderful.

You've got no savings? No don't spend that much on earrings. They are far too easily lost. Save it.

Did your dad give any indication of what the purpose of this was?

How much is in your emergency fund?

You should definitely spoil yourself.

On another matter, does your DF know that he can only give £3000 a year away without incurring inheritance tax? That is, if he dies within seven years and has more than £325000 to leave, with an allowance if he leaves the family home in his will.

I would buy myself something nice definitely, but if I had no real savings other than an emergency fund then I would put at least half into savings for sure.

Are there no options cheaper than £1,345? I'm sure you can find a lovely set of earrings for a few hundred that are just as nice.

Kate Middleton's rich, you're not. Don't waste your money on earrings.

Go for it! I'd put the rest in an ISA.

Well it's certainly not I would do, but each to their own.

I suppose that if you feel financially secure (ie your emergency fund, your pension, are sufficient) then you may as well spend it on whatever makes you happy. You say you don't have a mortgage, but is that because you have paid it off or because you don't own a house? It makes a difference.

I'd be terrified of losing earrings that cost that much.

Life's too short. Buy the earrings.

I wouldn't spend that much on earrings because I always end up losing one.

Also, I know it is a gift and so shouldn't be contingent, but do you think your dad would be happy with that use of his savings?

I would like to see a picture of these earrings, but I am nosy like that!

Yes, let's see the earrings please.

YABU way too much to on earrings

I wouldn't if I had no savings.

I think it depends how much is in your emergency fund and what your prospects are for building your savings further for the future.

I know I’d drop one and or lose it. That’s if I ever had the confidence to actually wear them!

Unless your emergency fund is very large not I would not.
Would you wear them daily or would they be sitting in a box most of the time. I admit though I am one of those people who regularly lose earrings.

How old are you? I think this is relevant. If you are 25- go for it. If you are 45. Maybe not so much.

Why is that?