Am I being a selfish b@$&%£d?
Discussion
I'm a new father and thought I should get a 2 seater before the sprog comes along (not that I had the money at the time), but now I'm not in the slightest interested. I want to go out with my little man, because he's awesome, not fanny about on my own trying to get away.
That said, I'd suggest buying the S2000 now, get it out your system, and sell it later. There's no reason why not, if you sell it just before summer hits then you'll easily get your money back too.
Also you can use the money on selling that, and your Polo and get a beefy family car that looks 'normal', like an M5, Merc AMG, Volvo T5, etc, something along those lines that you can hoon around on your own and lug the family around when necessary too.
That said, I'd suggest buying the S2000 now, get it out your system, and sell it later. There's no reason why not, if you sell it just before summer hits then you'll easily get your money back too.
Also you can use the money on selling that, and your Polo and get a beefy family car that looks 'normal', like an M5, Merc AMG, Volvo T5, etc, something along those lines that you can hoon around on your own and lug the family around when necessary too.
PompeyM3 said:
I found when the first child arrives, there's a fair bit of stuff you need to buy, prams, cots, car seats, high chairs, nappies etc. might be worth using the bonus towards all that stuff and seeing what you have left, plus save a little towards another car a bit later on.
Of course, this all depends on the size of the bonus
Already bought theres nothing left to buy! Of course, this all depends on the size of the bonus
Muzzer79 said:
If you can afford to:
> Let your Mrs stop working, at least until the little one is in a nursery Mrs is out of work now and has been for 8 weeks
> Maintain a decent lifestyle whilst this is happening (couple of meals out every now and again, decent-ish holiday once a year, etc) so far so good we have not long come back from 2 weeks in Florida
> Save cash for the future I regularly put some aside
> Buy everything that the baby does and will need in the near future done
> Replace the Polo when you discover that it's not big enough. that is in the grand scheme of things.... obviously
Whilst blowing a valuable £6k on another car, and another £x000 insuring/maintaining it then by all means do it.
If not, don't spend a valuable £6k on a stupid car when you have more pressing priorities.
I think the covers most of the other comments too > Let your Mrs stop working, at least until the little one is in a nursery Mrs is out of work now and has been for 8 weeks
> Maintain a decent lifestyle whilst this is happening (couple of meals out every now and again, decent-ish holiday once a year, etc) so far so good we have not long come back from 2 weeks in Florida
> Save cash for the future I regularly put some aside
> Buy everything that the baby does and will need in the near future done
> Replace the Polo when you discover that it's not big enough. that is in the grand scheme of things.... obviously
Whilst blowing a valuable £6k on another car, and another £x000 insuring/maintaining it then by all means do it.
If not, don't spend a valuable £6k on a stupid car when you have more pressing priorities.
S2000s are cheapish to buy, but pricey to insure. Running costs are not too bad - tyres & fuel are the main costs, which if it's a toy will not be too bad.
Personally, I'd put the money aside. My little girl turns 3 this week, and it's surprising how much of a dent she's made in my pocket over the last few years.
But then I did scratch the S2000 itch pre-child
Personally, I'd put the money aside. My little girl turns 3 this week, and it's surprising how much of a dent she's made in my pocket over the last few years.
But then I did scratch the S2000 itch pre-child
Missus and I have a 16 month old and one due in a month. Pre-baby we had a z3m coupe and a Mini Cooper s. Both got sold for a Range Rover sport. Great car but incredibly boring. Despite people saying the baby takes over your life I disagree. I went and bought myself a vx220. Great fun to and from work and I've since taken my daughter out in it and she loves it. Babies are time consuming but not to the extent where they follow you to work.
Sadly the vx is going now as we only need one car. Maybe I'll chop for a c63, m3 or rs4
Sadly the vx is going now as we only need one car. Maybe I'll chop for a c63, m3 or rs4
Corpulent Tosser said:
The Polo will NOT be big enough.
It will. I ran a polo G40 when my first child appeared,still had it when the second turned up and only got rid due to my wife learning to drive and they wouldn't insure her on it. Now have 3 kids and until recently we could happily run around 5 up in my 182. Don't believe a word that people say when it comes to kid friendly cars,you don't need an X5!As for the OPs question,treat yourself. Otherwise you just end up miserable and bitter when you don't see a penny of your hard earned bonus,not that I speak from experience....!
SickFish said:
Birdster said:
SickFish said:
Birdster said:
Hate to be the boring one.
How are the finances in general? Holidays and experiences, things for the baby and home will be much more useful and will make your life more fulfilled as a family than a new car will.
If things are good and this is money that if you didn't receive it you would't miss it I see no harm in buying the car.
How about buy the car and something nice for Mrs Fish?
Finances are above average, but by no means wealthy. We have been very sensible and we already have everything for baby. Nursery is decorated and fully kitted out etc and has already been spoilt!How are the finances in general? Holidays and experiences, things for the baby and home will be much more useful and will make your life more fulfilled as a family than a new car will.
If things are good and this is money that if you didn't receive it you would't miss it I see no harm in buying the car.
How about buy the car and something nice for Mrs Fish?
The bonus is on top of my annual salary so is exactly that... a bonus.
If it really is extra income not better spent elsewhere then treat yourself. You only live once.
I wasn't 'banking' on having the money in my financial plans so the bonus is essentially "spare" cash... for want of a better word.
Didn't mean to offend
You seem to have a split opinion from the replies.
Toss a coin?
If you have predicted everything your new born will need publish a book and buy a car with the money it earns, you will be driving a Ferrari, yet to meet anyone who hasn't spent a lot more than they predicted once a child arrived.
Big change in finances over the last few weeks?
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
Big change in finances over the last few weeks?
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
Edited by berlintaxi on Tuesday 21st October 18:46
Durzel said:
Once baby is born your priorities will change dramatically. I'd wait until after and see if you still feel the same, I'd be surprised if you do.
This^^. All day long.You're about to have a life changing experience and all that stuff that you thought you were interested in, you probably won't be.
Start a pension for your kid. A £5K initial fund is a great start.
They can retire as a millionaire.
End of sensible advice.
http://www.telegraph.co.uk/finance/personalfinance...
They can retire as a millionaire.
End of sensible advice.
http://www.telegraph.co.uk/finance/personalfinance...
Edited by Troubleatmill on Tuesday 21st October 19:00
Edited by Troubleatmill on Tuesday 21st October 19:05
Corpulent Tosser said:
The Polo will NOT be big enough.
ThisBuy an impreza
A proper one mind, not a watered down wrx/uk special because theyre st.
Ensure it has a massive exhaust - this will put the child to sleep quickly (it actually does - not joking)
Big boot, awd, 4 doors for easy child seat insertion/extraction, cheap enough you dont mind chocolate stains and enough suspension travel to deal with speedbumps.
You can thank me later
I can see the desire to get something you want, I struggle with the same battle myself.
However kids are expensive; I have a 14 month old. My wife works part time and will do so for the foreseeable future. Bit of a shock when you go from 2 decent wages to one and half, for me it's the mental struggle - we only used to live off one salary and basically saved/invested the other one in our house. Now it takes much longer to get anywhere financially and I can't help but feel poorer.
I do prefer it this way though, I don't want my child in full time nursery and I certainly don't want the busy schedule we follow on the days she is at nursery, everyday.
If I earned a bonus it would most certainly get split up into paving the way for our future, maybe allow the wife to have more than a year off come the next child. However I believe some of it should go on something I like too, so I'd feel comfortable spunking 20% of it on something for myself & the rest goes on my family.
However kids are expensive; I have a 14 month old. My wife works part time and will do so for the foreseeable future. Bit of a shock when you go from 2 decent wages to one and half, for me it's the mental struggle - we only used to live off one salary and basically saved/invested the other one in our house. Now it takes much longer to get anywhere financially and I can't help but feel poorer.
I do prefer it this way though, I don't want my child in full time nursery and I certainly don't want the busy schedule we follow on the days she is at nursery, everyday.
If I earned a bonus it would most certainly get split up into paving the way for our future, maybe allow the wife to have more than a year off come the next child. However I believe some of it should go on something I like too, so I'd feel comfortable spunking 20% of it on something for myself & the rest goes on my family.
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