Spending the inheritance!

I think that as her GF chose to leave it to her she can spend it anyway she chooses.. I expect it will be a one off celebration..

We all need to splurge once in a while - young or old.
Sadly £200 - £500 won’t buy a great deal.

As they say, you can’t take it with you! I am trying to convince my friend to spend her money on herself NOW! She needs a second knee replacement and knows the wait is lengthy so we talk about her going private.

She is 72, has no children and no relatives at all. She does have a partner. She is very comfortably off now but she says why should she pay when she has paid her NI since she was 15. To an extent I agree but why should she spend her next decade or so in pain when she could get it done straight away. In her position I definitely would.

I think a good gift for young people is £500 by the way.

We spend if we want and save if we want, our AC and GC will be pleasantly surprised when we have gone.

I hope they spend their inheritances on whatever brings them joy.

When my grandmother died, as one of the grandchildren...we all received some money.
Not a huge amount by any means but enough to have a 'splurge'.
Talking about it later at a family event, each of us had bought something lasting ie jewellery/watches /a clock. As someone said "it's our last gift from Nan".
I'd bought earrings which I still wear!

I think our AC will use their inheritance to pay off their mortgages as they do seem to be a millstone around young people's necks these days.

You're a long time de4d and you can't take it with you. Spend it while you can on what makes you happy. As I've got older and having worked in a hospice where I've seen much younger people leave this world far too soon, we have one life to live. It's only money!!

I agree SeaWoozle. It's nice to be able to leave children and GC an inheritance and give something during your life time, but I think it's a shame if someone doesn't make the most of the time they have because they worry about how much they'll leave when they're gone.

Always remember my Mum saying an inheritance only comes once. I did not squander mine. Treats to members of family and days out are definitely not worth it imo! Invest in property or premium bonds.

£200 probably won't even cover a couple of concert tickets, let alone travelling and any hotel accommodation unfortunately.

I’ve always believed it’s so much better to give with a warm hand rather than a cold dead one!
We enjoying spending our money on things such as whole family holidays which are very much enjoyed and leave us all with great memories.
In May we’re taking our 11 year old grandson to NYC for 5 nights - we have so many fun touristy things planned which we’ll enjoy but more importantly so will he.

I think teenagers would probably spend the money on things like clothes rather than a lasting object by which to remember their great grandfather, who may have worked all his life to save the inheritance.

My grandmother left me money in her will. I used it to help fund my (belated) experience of attending university so I didnt have to drop my standard of living by too much.

The day I graduated I thought of her and imagined her sitting on the front row alongside all the local worthies.

She also left me the contents of her house which started me off in the antiques world.

When my parents gave my daughter (aged about 20 at the time) an unexpected £100 I remember her writing to thank them and saying she was going to spend it on “fun and laughter”.

I received a good inheritance, over £200,000 ten years ago and I still have it . Already paid off mortgage , not into new cars and are not the type that goes on exotic holidays.
I am aware this makes me sound a boring , staid , saddo but I also feel I am spending someone else's money ( they were very dear to me )
Having said that they would probably be annoyed that it hasn't actually been used to improve my life.

As far as I know, my parents received no inheritance from their parents. DM was one of 6 and parents died quite young, before I was born. DF's parents died 1950 and 1960. My parents died early 1980s and I received £150. Total inheritance between 4 was £600. I paid £50 into each of my very young children's bank accounts. I think no less of my parents because they basically left nothing other than enough to cover funeral costs. Perhaps we should stop thinking about what others are going to receive when we have gone and enjoy our own life. Some, in our eyes, will waste whatever they receive, others will be careful. Only if you dictate in your Will what is to happen to any moveable estate will you feel it is used wisely. I never give it a thought, probably as I never received any inheritance to waste.

That's not a lot of money at all

I don't see the issue with it really...

Inheritance is a gift, one that no one has to give. It doesn't sound like there were any stipulations about how it was spent and the giver may very well have just wanted their family to smile

Tax man in one country took large chunk of inheritance and now taxman in country that I live in will take another large slice. I am sad that it is wealth carefully minded from a great gran who married in 1881 and was widowed at age 23 yrs. It seems to have been passed on and not 'spent' in succeeding generations in accordance with Victorian values of thriftiness.

None of us here may have anything left after care homes have taken their bit. We have given our grandchildren money from a trust which DH set up. I wasn’t very happy about it and it has been no fun trying to get it to them. Every one in the financial world believes we are money launderers unless we prove otherwise! We have happily helped with paying out of school activities

I inherited money from my dad. I bought a small house and then took my daughter and granddaughter on a legacy vacation. I called it legacy because it was three generations of just us women. We went to Biltmore in North Carolina (I'm US) and I did not even look at what was being spent. I bought clothes for both--my daughter will not spend a decent sum on work clothes. I mean she dresses fine, but she works in a prestigious university and needed to up her fashion game some. I bought my granddaughter clothes my daughter was always more frugal about. We stayed at the fancy on grounds hotel, ate in the formal dinning room (had to dress formal too), my kid went to the spa while I went to the petting zoo and playgrounds with my GD. Everything we did was on the grounds so they have buses that take people to and from. My GD thought that was the best thing ever. We had the most amazing time, and times when I needed a break, my two girls had some much needed mommy/daughter time. The total was about $6000 US and worth every penny. I think it's more important to build memories of time together than to worry about who inherits what or what they spend money on. My GD might not remember the trip much because of her age, but my daughter will and there's tons of pictures.

We often give our adult children money, I would rather see them enjoy it whilst I’m alive and love to take the whole family on holidays. Providing we don’t have to pay for care there will be a house to sell when we’ve gone.

I give my children money, both got a reasonable sum last year which they’re using in their businesses.
Otherwise I’m spending their inheritance to supplement my pension - a much needed gardener for example

You spend the inheritance how you like. I hope they all enjoy it.

Ohhh i think what the heck, have a damn good spend and enjoy,who knows what's round life's corner