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 ?

I have no real savings to speak of other than an emergency fund.

Emergency fund = £50,000, buy earrings
Emergency fund = £500, do not buy earrings

When you say that you have no mortgage to put towards, do you mean that you had a mortgage that is now paid off or do you mean that you are renting? If it is the former, go for it. If it is the latter, I would put the money into savings in case your rent goes up in future.

If IHT on earlier gifts is owed in the fire it comes from his estate, not the recipient (unless the water ha so no funds)

If he has income above his needs in excess of the £8,000 given to his children then the gifts can be deemed normal expenditure.

Arf, honestly, some people!

My advice: Buy some costume jewellery and use the money for something else or keep it. But I’m prudent.

Go for it, life’s too short. They will be a lovely memory of your dad. The way to look at is it’s money you wouldn’t have had anyway had you not been gifted it.

£2000 is far from nothing if someone has no savings. If she had a 2.5k boiler/car/emergency bill it's the difference between being 2.5k in debt or £500 in debt.

Buy the earrings and enjoy them. I've worn a pair of very expensive diamond earrings every day for years and have never lost them despite swimming, getting them caught in my hair, etc. As long as they're insured on a decent new for old policy, there's no problem.

Same here 😂

Go for it! You want them and you'll enjoy them.
Honestly, it's important to have joy and things of beauty in your life.
So buy them and be happy!

I lose earrings all the time , so I wouldn’t for that reason , but otherwise go for it ! I bought an expensive watch that I never would bought from my own money in similar circumstances

Perfectly reasonable suggestion.

One of the main reasons why a lot of people don't have any savings, feel they struggle with money but never feel like they can afford the things they want is that any time they get a bit of extra money, they spend it on useless things like expensive earrings when similar ones will be available for a tenth of the price, or takeaways when they could get the same food from the supermarket for far less.

If the OP has hardly any savings, she could probably buy beautiful earrings for £100/200 max and really boost her savings so she won't panic if she needs a new boiler or faces a similar expense.

You haven't got any savings and it's a rare gift. Yep I think you'd be mad to spend £1300 on that. You did ask!

All fine and well until you head out a walk then come home with only one on your ear😬 that's a lot of money to lose.

I wear expensive earrings and haven't lost one yet! The really pricey ones come with very secure backs.

I agree but some posters are in too much hurry to make a smart arse comment than actually care to read the op.

I just wouldn't as I'd be too scared to wear them out in case they fell off or I lost them. Or worse that I got robbed/mugged.

I'm sure there's some really nice jewellery more in the hundreds you could get and then use the rest towards savings or a holiday or something. That's just what I'd do but obviously it's your money. If it will make you happy then do it.

The one issue might be later down the line you have an unexpected but unavoidable need for cash and you might regret them and not be able to sell for as much as you paid.

I'd buy fakes ones, it's not the money as such, it's the chances of losing one that are too high 😂

But realistically, buying expensive jewellery makes perfect sense, because it LAST. Gold earrings will be exactly the same in 50 years, costume jewellery won't. Real pearls can change colour however.

Im regretting spending around that figure on a pair of earrings and its taken away the enjoyment, im wearing them 247 as worried about losing one.

in your shoes i would down select a few options for earrings, then wait until the January sales, get a bargain but high quality that you will cherish. I got diamond earrings for £275 ish reduced from around £700 a few years ago and they give me great enjoyment (however not wearing them at no due to the regret purchase Tiffany diamonds in my ears).

maybe a treat like a weekend away or concert? Then put the rest in an ISA for a holiday next year?

Op if you are in doubt about spending it on expensive earrings, can you post an image. Perhaps posters can find you similar yet a little cheaper alternatives?

Great way of putting it.

Real jewellery will hold value and you can always sell it on if need be, and then you'll have had the pleasure of it as well.

I own a pair of really expensive earrings that I never wear because I’m scared I would lose one. Can you get some replicas and save the rest?

I'd save it - then once I had saved the money for the earings on top of that. I'd save it.

This thread is really telling of attitude towards money…I’ve heard it said that some people will always end up broke no matter how much money they come into…seems true reading this