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Legal, pensions and money

Spend or save

(58 Posts)
Tizliz Thu 03-Aug-23 15:51:50

We have never had much in the way of savings until the past few years. OH wants to spend a large percentage of these savings on his hobby, my first reaction was NO, then I thought, we are in our 70s what am I saving for? Perhaps it is better to spend whilst we can enjoy it.

If you save, what is it for?

Norah Sat 05-Aug-23 12:57:42

We save for what care we may need. Apart that we spend now on our children, GC - providing well for all, whilst we are alive.

Spending mostly on Holidays, medical care, and property.

Norah Sat 05-Aug-23 12:59:51

Judy54

I would not be happy if my OH wanted to spend a large percentage of our savings on his hobby, I would rather we spent it on something that was beneficial to both of us. In fact we have done just that recently having to spend a big part of our savings on an operation privately for for Mr J. We could no longer wait for the NHS due to the deterioration in his health. I feel that this choice will benefit both of us and was the right way for us to spend our money. Not for everyone I know but absolutely right for us.

Brilliant! Well done you.

Judy54 Sat 05-Aug-23 14:14:22

Thanks Norah not sure what will happen if I ultimately need an op! Thankfully I am fairly fit and need to be to care for Mr J.

NotSpaghetti Sat 05-Aug-23 14:37:24

Tizliz

Well we have come to a sort of compromise. He is a bit of a hoarder so is selling off things he doesn’t use anymore. He has raised 10% of the money he wants already - just needs to keep the enthusiasm up. Bonus of the house being a bit tidier!

How lovely! SO pleased you have sorted something out.

I hope you have years of fun with your (shared) hobby. X

NotSpaghetti Sat 05-Aug-23 14:41:56

Sorry. Was way too excited to see that you were communicating and had found a way forward... I had been reading a post about how intractable a different problem was - but just wanted to shout "talk about it" and I seem to have sent you a kiss (for effort?) when I wanted to send 💐
grin

Judy54 Sat 05-Aug-23 17:16:13

Yes Callistemon21 I am sure that if both partners needed new knees it would cost about £60,000. In this case it was not a knee operation but something much more complicated. We did what was right for us.

Callistemon21 Sat 05-Aug-23 18:34:23

Good, Judy54, sometimes it's the best way.