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Real-life MMD: Should I sell gifts for quick cash?
Former_MSE_Debs
Posts: 890 Forumite
Money Moral Dilemma: Should I sell gifts for quick cash?
Should I sell two valuable bracelets given to me as gifts by my parents and pocket the £530 cash to reduce my overdraft, or should I keep hold of them? My parents wouldn't be any the wiser, since I don't really wear them, and I could simply say they are in the bank. But I would feel guilty about lying to them.
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Note: Please remember that these are real-life Money Moral Dilemmas and while we want you to have your say, please remember to be nice when you respond.Previous MMDs: View All
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If £530 pounds is the cost you are prepared to pay to live with the guilt you say you would feel, then go ahead and do it.
Your morals are only worth £530, poor deal I would say.0 -
My mum has always given presents saying 'there are no strings attached' and if I ever needed to sell anything for a good reason then she would never judge me for it. She's very nice and thoughtful like that but I still wouldn't sell them unless I was in dire straights.
Maybe get yourself over to the debts forum and find out other ways of paying off your overdraft.
Good luck!0 -
To be honest only you can answer this question. Could/ would I do it? No, never. They would mean more to me than the £530 I would get for them.0
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robynprincess wrote: »To be honest only you can answer this question. Could/ would I do it? No, never. They would mean more to me than the £530 I would get for them.
Why would they? Unless you have been given the exact same bracelet and have the exact same opinion of it, you can't say they would mean more to you.
To OP: If you don't wear them that often and wouldn't miss them - sell them. Personally I hate the idea of presents with strings attached - if your parents gave them to you, they're yours to do what you want with otherwise they were just letting you borrow them.
I understand that the dilemma is lying to them about them being in the bank or something - it's up to you to gauge whether they would understand your need to sell them - but if you have to lie then it's because of them, not you.0 -
My Mum was with me when I sold a bunch of my jewellery, including 2 rings she'd bought. I never wore them and she knew it.
If you don't wear them, sell them. Best would be telling them.. how about a white lie and saying that as you never wore them you worried they'd get lost/stolen and decided to cut your clutter?0 -
Why don't you just say to your parents 'I am in need of cash, do you mind if I sell those bracelets?'
They may be happier to have them and give you some cash, they may say that a gift is a gift - so do with it what you want?
Honesty is the best policy, and they must care for you as they gave you the gift in the first place.0 -
Or just tell her your overdrawn and struggling to pay it off and this is looking like your best option to help with that problem at the moment.
Maybe they will lend you the money to help you instead if they are particuarley bothered about you selling them?0 -
Law of averages says your parents will die before you - how will you feel then I wonder. If you're that hard up talk to them about it for goodness sake.0
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Why don't you just say to your parents 'I am in need of cash, do you mind if I sell those bracelets?'
They may be happier to have them and give you some cash, they may say that a gift is a gift - so do with it what you want?
Honesty is the best policy, and they must care for you as they gave you the gift in the first place.
Talk to them - us parents aren't really scary and always have your best interests at heart!
Ok, so sometimes we get a bit het up but then we calm down and get things sorted.
Trust me, I'm a Mum!0 -
I'm not sure why you feel you need to pretend you still have them.I would have thought the best thing to do would be to tell them the truth,that you are a bit short of money and thinking of selling the bracelets. They are your property to do with as you wish,its not that your parents have lent them to you! It may be that your parents then give you some money to help you out,but don't count on that.At least by being honest with them you won't spend the rest of your life feeling guilty and trying to remember what elaborate story you invented to explain the absence of the bracelets.0
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