mint Posted November 16, 2010 Share Posted November 16, 2010 Here, this may be of interest (sorry, pun on interest not intended):http://www.telegraph.co.uk/finance/personalfinance/savings/8135756/Exactly-how-safe-are-your-Irish-savings.html Link to comment Share on other sites More sharing options...
Gardengirl Posted November 16, 2010 Share Posted November 16, 2010 Not guilty m'lud - err, milady! Not enough to spread around! [:)]It was interesting to hear the Irish minister trying to say all was well when interviewed by John Humphries this morning. Link to comment Share on other sites More sharing options...
cooperlola Posted November 16, 2010 Share Posted November 16, 2010 What are savings?[Www] Link to comment Share on other sites More sharing options...
NormanH Posted November 16, 2010 Share Posted November 16, 2010 [quote user="cooperlola"]What are savings?[Www][/quote]Money in excess of your needs, usually inherited, which you pretend to have gained by thrift, thus giving you the moral high ground over people who have struggled all their lives to make ends meet. Link to comment Share on other sites More sharing options...
Rose (& Greyman) Posted November 16, 2010 Share Posted November 16, 2010 [quote user="NormanH"][quote user="cooperlola"]What are savings?[Www][/quote]Money in excess of your needs, usually inherited, which you pretend to have gained by thrift, thus giving you the moral high ground over people who have struggled all their lives to make ends meet.[/quote]or.. Money in excess of your current needs, often earned through toil and risk taking, which you have gained by thrift, thus giving you the moral high ground over people who spent your youth playing the pratt at the back of the class and down at the pub every evening, while you studied and worked. Link to comment Share on other sites More sharing options...
Gardengirl Posted November 16, 2010 Share Posted November 16, 2010 or.. Money in excess of your needs, earned through toil, which you have added to by thrift, thus giving you the moral high ground over people who spent your youth playing the prat at the back of the class, and what is left over after taxes and buying sufficient rose wine to drink with all your many friends! [:)] Link to comment Share on other sites More sharing options...
Frederick Posted November 16, 2010 Share Posted November 16, 2010 Oh to be in that position Norman... Some of us had to graft for our savings ... Ever stood on a platform at 0515 in January waiting for a train and an hours ride to Waterloo every day?And some of us had to support parents so no inherited wealth either ! Link to comment Share on other sites More sharing options...
mint Posted November 16, 2010 Author Share Posted November 16, 2010 How about money in excess of your needs which you have "earned" by selling your UK residence at a time of rising house prices and by buying your French residence for next to nothing when the sterling/euro rate was in your favour so that you can temporarily gain the moral high ground by looking askance at those people still back in the UK who can now no longer do as you so happily and readily did?OK, just a tongue-in-the-cheek comment that isn't meant to describe how things really were so don't give me a lot of flack for it! Link to comment Share on other sites More sharing options...
just john Posted November 16, 2010 Share Posted November 16, 2010 To paraphrase Oh Jaundiced Norman again... Some of us had to graft for our savings ... Ever stood in an airport at 0515 in January waiting for a plane to work away for 3 to 4 to 5 weeks? and then ? some of us became the bank of Dad so no wealth either ! Link to comment Share on other sites More sharing options...
Braco Posted November 16, 2010 Share Posted November 16, 2010 Money in excess of your needs, usually inherited, which you pretend to have gained by thrift, thus giving you the moral high ground over people who have struggled all their lives to make ends meet.With inheritance often comes the duty and expectation that you will add to it before handing over to the next generation. The higher the bar is set the harder it is to make your own mark. Link to comment Share on other sites More sharing options...
mint Posted November 16, 2010 Author Share Posted November 16, 2010 Thank you, Braco. That exonerates me from making any sort of a mark then? Link to comment Share on other sites More sharing options...
Chezstevens Posted November 16, 2010 Share Posted November 16, 2010 [quote user="Braco"]Money in excess of your needs, usually inherited, which you pretend to have gained by thrift, thus giving you the moral high ground over people who have struggled all their lives to make ends meet.With inheritance often comes the duty and expectation that you will add to it before handing over to the next generation. The higher the bar is set the harder it is to make your own mark.[/quote]I smile at the expectation of handing on wealth ... although our boys should be fortunate. Both my wife and I have asked, and received, nothing .... Indeed for my first 5 years of employment I helped my mother repay her mortgage. Any money we have squirreled away are due to our combined effort - obviously we have not begrudged helping the listless,thru our taxes, over the years. Link to comment Share on other sites More sharing options...
Hoddy Posted November 16, 2010 Share Posted November 16, 2010 Neither of us inherited anything. Now that we're getting longer in the tooth if we're considering paying for something out of our savings, we divide the cost by four (the number of our kids) and decide it isn't that much and they'd only waste it anyway.Hoddy Link to comment Share on other sites More sharing options...
Cendrillon Posted November 16, 2010 Share Posted November 16, 2010 Good for you Hoddy, nothing like SKI is there! [:)] Another thing to remember is that you can't take savings with you as shrouds don't come with pockets. Link to comment Share on other sites More sharing options...
mint Posted November 16, 2010 Author Share Posted November 16, 2010 Well, Hoddy, if Bill Gates isn't leaving his kids much, I guess you needn't feel any obligation to leave yours much either? Link to comment Share on other sites More sharing options...
Russethouse Posted November 16, 2010 Share Posted November 16, 2010 Another thing to remember is that you can't take savings with you as shrouds don't come with pockets. One of my fathers favorite sayings, along with 'you can only sit in one chair at a time' [:)] Link to comment Share on other sites More sharing options...
Braco Posted November 16, 2010 Share Posted November 16, 2010 Every one of us inherited at least our genes from our parents. The value of everything else is relative to their ability. I have yet to meet a parent who is not overjoyed when their children surpass their own achievements. Link to comment Share on other sites More sharing options...
Braco Posted November 16, 2010 Share Posted November 16, 2010 [quote user="sweet 17"]Thank you, Braco. That exonerates me from making any sort of a mark then?[/quote]That I doubt Link to comment Share on other sites More sharing options...
Keni Posted November 17, 2010 Share Posted November 17, 2010 Sprog has just bought her first house, so who had to come over to UK to help her move etc?Bless!As if we don't have enough decorating/building to do in France - still it means that now we can really start spending their inheritance! (LOL) Link to comment Share on other sites More sharing options...
PaulT Posted November 17, 2010 Share Posted November 17, 2010 [quote user="NormanH"][quote user="cooperlola"]What are savings?[Www][/quote]Money in excess of your needs, usually inherited, which you pretend to have gained by thrift, thus giving you the moral high ground over people who have struggled all their lives to make ends meet.[/quote]But surely not all can inherit it....I sometimes watch the programme 'A place in the Country'. There are several young couples looking for houses up to and sometimes over £1M.Clearly I have done things wrong all my life.Paul Link to comment Share on other sites More sharing options...
cooperlola Posted November 17, 2010 Share Posted November 17, 2010 [quote user="PaulT"]Clearly I have done things wrong all my life.Paul[/quote]Me too, Paul.My maternal grandfather was a very wealthy man with a large estate in Cornwall. He was a barrister but never practiced law, he simply sold the estate, fathered 11 children all of whom went to boarding school from the age of 5 onwards, had a house in London and another in Wiltshire and spent his time pursuing his hobby as a genealogist. His eldest son got the house in London, his widow the cottage, and all his other kids got a few hundred quid each.Now there's a guy who knew how to live![:D] Link to comment Share on other sites More sharing options...
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