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 ?

Why are people going on and on about the possibility of it falling out? I have never had an earring fall out in my life.

I’d look to see if you could get the same earrings pre loved but I think a nice piece of jewellery that can be cherished and serve as a keepsake that will always remind you of your dad is a lovely use of the money.

Not everyone is the same. I'm a fidgeting type person and often lose an earring. I also rub eyeshadow and mascara off on one side for some unknown reasons, false eyelashes help me stop doing it.

Buy the earrings.

@Moaning5 Of all the types of jewellery you can buy, earrings are the most easily lost. I was broken hearted when a lovely aquamarine earring I had accidentally caught on my sleeve and ripped out without my noticing at the time, and that's just one example. If you google "gold hoop earrings with a pearl drop", you'll find hundreds of options to choose from, some of which might be even more to your taste than Catherine's, but less pricey.

I would put your £2,000 into Premium Bonds, or take out an ordinary one, two or five year fixed term savings bond while interest rates are a bit higher than they used to be - I have seen a couple as high as 7.5% interest, but even the usual 4.3 interest bonds, such as the NS&I British Savings Bonds or Nationwide's will earn something, and give you time to consider your options: some purchase might crop up which is more desirable or necessary than Catherine's earrings.

I am sure nobody would object if you booked the holiday of a lifetime with that money. Get the earrings. Cost per wear it will be worth it.

I love living vicariously and spending other people’s money!

I say buy them. Life is too short not to if you have always wanted them. The money was a bonus surprise for you. See it that they are a present from your Dad but you have been gifted them in a different way.

I'd put that into my savings pronto! Over £1k on earrings when you have no savings seems bonkers.

Erm, no, and I’m absolutely terrible with money. If these earrings are new they will likely depreciate, so a bad investment all round. If I was going to invest in jewellery it would be antique. You may make some money if you invest wisely. www.berganza.com/shop/antique-vintage-earrings

All the people suggesting buying a dupe have no idea of the psychology of buying luxury goods. One of my most prized possessions is my Chanel suit. I daresay some people would not understand why I had bought it, and would think I could have bought a cheaper mid market one: and I do indeed have some mid market suits which I like a lot as well. But there is nothing quite like the feeling of wearing luxury. It isn't about whether the difference is perceptible to other people, it is about the feeling in oneself.

@Moaning5

No link to the earrings is as bad as no diagram on a parking thread!!

Let's see!! 👀

Why do you have no savings? Do you have a job?

Because at 25 it’s not unusual to have nit much in the way of savings. At 45 with fewer years to save up, having no savings is not a great position to be in

I would object. The OP has no savings at 45. That’s not good.

I would look at some earrings around the £500 mark and save the rest.

But the OP has NO savings at all

there’s so many experiences you could have with that money, you could go anywhere in the world or have enriching experiences for a year (spas, weekends away, trips). I can’t see earrings as a worthwhile use of the money, but it’s your choice. Personally I’d invest it and turn it into a bigger safety net.

So what?

Why is that morally superior to owning nice earrings?

My first thought was too much for earrings but when you said you have no mortgage and no real money worries I say go for it!

Seems like a massive waste of money to be.

Go for it! I was gifted a pair of platinum diamond earrings on my wedding day. They've got to be a similar amount. I rarely wear them but when I do, it's special.

I say treat yourself and enjoy.

I would, if you would wear them every day or almost. I am a big believer in cost per wear with clothing and accessories. They are also a nice reminder of your Dad. Considering your finances treat yourself, as one of my friends likes to say, you deserve it

Right? Like all sorts of wrong could happen on a trip , bad weather , missed flight , lost luggage, illness , not to mention the best £1300 could come up with is a Second rate resort in Turkey!. No thank you .
would rather get the earrings and wear them everyday!

She doesn't have 'no savings'. She said she had an emergency fund and also no mortgage. Also, 2000 isn't enough to make a difference to her overall financial position, so she might as well treat herself.