Post # 1
So my hubby and I got married in March and moved across the country. We left the china at home since we plan to move back in the next year or so. My Mother-In-Law bought us all the china left on our registry after the wedding to complete the set for us.
We’ve been struggling financially here since my hubby is in graduate school and I’m the only income. My Mother-In-Law offered to return all the china and write us a check for that amount instead. We need the money to pay down some credit card debt. We aren’t late or anything and it’s only about $2,000 on the card, but I don’t like carrying a balance.
I’m not sure what to do. On one hand, I’d rather have the money. I don’t cook a lot and I can’t see us using the china in the near future. On the other hand, I love that I will have it for that ‘someday’. I also feel like I’ve had to give up so much for his school and moving and that this is just another thing that I have to give up 🙁
Should we return it for the money or keep it?
Post # 3
Personally I would never return a wedding gift to pay down debt. I just think that’s a momentary solution that’s going to haunt you for years. I also wouldn’t have registered for China unless I really wanted it, could envision using it for years to come, and even considered passing it down at some time. It becomes an hierloom in my mind, and when I start pawning my possessions to pay down a credit card debt it’s time to start looking at how I manage finances. I’m not saying that’s the case with you however. Times are tough. This is a momentary thing, it will pass. Pay as much as you can for toward the credit card balance every month. If you make a budget for the week, and have $20 left over, send it to the cc. Don’t use it anymore. It’ll go down in time. When you get a tax return put it to it. Cancel cable if you haven’t already – there are a lot of options.
Post # 4
@lola2011: I agree with Lola.
Post # 5
Return it if you need the money. You can always re-buy when you’re stable.
Post # 6
I agree with Lola, if you do return it, your never going to go get all the pieces again.
Post # 7
I’d say keep it actually. I feel like china isn’t really a “NEED” but if you return it now to pay down a minimal amount of debt, it’s one of those things you’ll never re-buy. It’s something that isn’t used often and there’s usually something better to spend the money on.
I now have my grandmother’s china that my mother also used along with mine. We won’t really use it now but I know when we have a family – we’ll use it for special occasions.
Post # 8
I agree with Lola’s comment. She had great advice. 🙂
Post # 9
Dont sell it. I agree with Lola. $2,000 really isnt that much debt anyways and you should be able to get that paid off pretty quickly if you are diligent about savings. There are SO many ways to save money you just have to make a conscious effort and that can be really hard sometimes. I feel like selling the china is an easy fix for this problem. However this might not be the last time you get into a situation like this and you cant just resort to selling your possessions every time you have a balance on your credit card. Even though it might look like a good idea now I think you will regret this down the line.
Post # 10
Return it! Your new china is not a family heirloom yet, so there is no personal attachment to it yet. It will give you a lot more piece of mind to pay off the CC and get out of debt using the money then to not pay it off and to have China you rarely use sitting on a shelf. Pay off the cc NOW and start saving. Maybe make it a goal to be able to buy back the China on your 1st or 5th anniversary. It will be that much more special to you because you saved up for it and know at that point you really want it (and can afford it).
Post # 11
What would you tell your MIL?
Post # 12
@Belle2Be: “My Mother-In-Law offered to return all the china and write us a check for that amount instead.” 🙂
I agree with lola2011. Keep the china.
Post # 13
I think you’ll regret it if you return it. Otherwise you wouldn’t have doubts now.
Post # 14
Keep it! If only because you’ll harbor resentment towards your Hubs that you had to give up something sentimental for him.
Also – is there anyway you hubby can work part-time while in school? it seems that being the sole bread winner is weighing on your, and causing debt. Maybe if he can contribute (even a little bit) it’ll help.
Post # 15
Many people like the idea of china, but never use it (or only once a year) others use it frequently. Which camp do you fall into?
If you like the idea of it mostly and dont see yourself using it more than for one dinner a year, then I would return it. Its something you will always have to store for once a year use.
I only have a few pieces of my china from engagement gifts and I have already used those few serving pieces a few times.
Post # 16
@missfireslayer: Ah, reading comp fail. Good catch!
I still say keep it!! 2k isn’t a TON of money. Just watch your spending and don’t put more on the CC.