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Parenting

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Original poster

If you had the money would you SPEND the money or LEAVE it for your children?

11 replies

RTKangaMummy · 28/04/2008 10:03

Would you spend it or leave it for your children?

OP posts:

Are your children’s vaccines up to date?

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Original poster

RTKangaMummy · 28/04/2008 10:04

as being discussed on Ch 5 now

OP posts:

Cappuccino · 28/04/2008 10:06

i'd get a pension so I won't have to rely on them to fund my meagre old age

schneebly · 28/04/2008 10:07

depends how much money we are talking here! I think I would like to leave something for my children but at the same time I want to enjoy the good life when I am older!

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Gobbledigook · 28/04/2008 10:08

Hmmm, I'd try to do a bit of both.

I certainly don't want my parents to live differently to save money for me - I want them to live their life exactly as they want and can afford to and if there's nothing left then that's fine by me (my mother will laugh at this but it's true!).

Nemoandthefishes · 28/04/2008 10:16

both would spend some to try and imrpove bits of our lives now and then would put some into accounts for the little fishes.

theITgirl · 28/04/2008 10:18

Are we talking lottery win or general savings.

If lottery win (the £25 quid I won on Ernie the other day is all mine).
£1k-£2k a nice holiday for us all.
£10k a holiday, some for savings & some for children.
£50K extension for the house or move, nothing for the children at least till incomings are higher than outgoings again.
£100k pay off mortgage & then save a bit more each month for the children.

If general savings, what savings?
We will probably need to downsize the house to supplement the pension.
If we eventually inherit something, then I would like to be able to pass most of the inheritance on. But would have a couple of good holidays in our retirement.

noddyholder · 28/04/2008 10:18

I intend to live my life to the full and if there is anything left ds can have it but I wouldn't modify my spending to make sure there was some left.He can work

theITgirl · 28/04/2008 10:21

I will say that we are saving to help the DC's with university and if we had more money then we could fully or mostly fund it rather then contributing.

getmeouttahere · 28/04/2008 18:54

Miiine, ALLLLL MIIIINE.

Hecate · 28/04/2008 19:15

I would invest it and set up some sort of trust and support to ensure that they would be cared for for the rest of their lives.

lljkk · 28/04/2008 19:38

If I had a big windfall -- I'd first pay off my dad's mortgage, frankly (he's retired, but scrimping).

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