A man’s plan to spend half of his inheritance on cryptocurrency drew criticism online after his wife was furious at the decision.
The woman took to popular forum Mumsnet to solicit opinions on her situation after a row over how her husband should spend a £15,000 ($17,600) inheritance.
Quarrels over money are anything but rare. In fact, according to a study by Ramsey Solutions, money is the number one bone of contention among married couples.
The problem doesn’t just affect those who have tied the knot. A survey by financial site Cashlorette found that 48 percent of Americans in a serious relationship argue about finances.
This woman has an inheritance of £15,000 between her marriages, with her husband receiving the lump sum from his late aunt. You are financially comfortable but “unencumbered” and have a “huge” mortgage.
“My husband wants to invest the entire amount in bitcoin,” she wrote. “He reluctantly agreed to only put half into bitcoin and the other half into our joint ISA.”
“For reference, I am the breadwinner for a country mile and we share all of our income. I never question that, so now it feels unfair that his money is ‘his’ money when I’ve been making a lot more for a long time and it’s all shared money.”
“Am I unreasonable to think this is selfish?” she asked.
Much like the wife, Mumsnet users were angry at the husband for his choice of where to put his money.
“How absolutely selfish of him,” wrote one user. “They shared finances all along and then he decides the inheritance is his, what he wants to do with it. If my DH did that, it would completely change how I feel about him.”
Another wrote: “I would be just embarrassed that he considers it his money and not shared money, especially since you are the high earner and you share that. Would make me reconsider my finances completely and not bother to consult him on anything you wish to purchase in the future.”
“He showed you how he really feels about what’s his now. Act accordingly by starting to keep a percentage of your salary for yourself,” agreed another user. “Awful to find out how he would put himself first and not family.”
For others, however, the situation wasn’t so black and white, as the inheritance money shouldn’t be treated like a salary.
“I don’t think it’s relevant who the ‘breadwinner’ is and I think using it in your argument is a bad move,” one person claimed. “I think inheritance should be treated differently than regular money. If his aunt wanted it left to the family, she would have.”
“I think the inheritance belongs 100% to whoever inherited it and his wife/husband has no say, nor should they accuse them of being ‘selfish’ if they don’t want to spend it like the man does /the wife sees fit,” agreed another.
“It doesn’t matter that you’re the breadwinner and you contributed more, you earn more, so naturally your contribution is higher. He’s not in debt bondage to you because he earns less than you do,” they added.
“Nevertheless, I think bitcoin is risky, but it is currently at a low and many are hoping for a repeat of the 2018-2021 surge. But as you say, you can afford for it to lose all the money if it this comes in another way. So I would just let him as it’s his inheritance and £15,000 isn’t very much anyway. It’s not a life-changing sum that would make or break your retirement years. If he had bought a motorcycle, he said, “I’d spend the same amount… so I say keep your beak out.”
One bitcoin is currently worth about $22,000. It hit a record $68,000 in November 2021 and approached $50,000 in March 2022 but fell sharply in June.
news week could not verify the details of the case.
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https://www.newsweek.com/selfish-husband-blow-money-inheritance-bitcoin-1736562 Warning as ‘selfish’ husband who will blow up half his inheritance for bitcoin