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Tales from The Shire

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Comments

  • savingholmes
    savingholmes Posts: 29,070 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I had to look up what a spurtle was. 

    FS - well done on discussing £ with the kids - I think it is essential
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.8K Equity 36.37%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
    (If took bigger lump sum = 60.35K or 47.6%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £5K updated 10/10/25
  • Just jumping in to say - I had to look it up too and I’m Scottish 😂
  • rtandon27
    rtandon27 Posts: 6,043 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    FS - well done on discussing money with the kids!

    As an adult child of a parent who doesn't, I have learned the hard way how to manage money & budget!  We are now at the point where wills & poa need to be discussed and it is proving exceedingly difficult to extract the information from the parental without also having to wade through a good deal of emotional baggage.

    Your frank conversations will be of huge benefit to the children - sending a huge applause for your forethought!
    4 YEARS 10 MONTHS DEBT FREE!!! (24 OCT 2016)
    (With heartfelt thanks to those who have gone before us & their indubitable generosity.)
    ...and now I have a mortgage! (23 AUG 2021)
    New projection - 14 YEARS 7 MONTHS LEFT OF 20 YEARS (reduced by 17 mths)
  • Paspatur
    Paspatur Posts: 539 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Just jumping in to say - I had to look it up too and I’m Scottish 😂
    I guess it depends how old you are and whether your parents or grandparents made porridge

    My 3 kids (born late 70's early 80's) know the word but I don't expect my grandchildren do

    I'm going to ask all 6 of them

    I guess with the concept of overnight oats rather than making porridge in the morning it will have died out

    Suffolk_lass I wish I had a family member who could make one, got lots of trades and specialities but not wood turning :)


  • rtandon27
    rtandon27 Posts: 6,043 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    TGIF!!! Has a weekend ever felt so good?!
    4 YEARS 10 MONTHS DEBT FREE!!! (24 OCT 2016)
    (With heartfelt thanks to those who have gone before us & their indubitable generosity.)
    ...and now I have a mortgage! (23 AUG 2021)
    New projection - 14 YEARS 7 MONTHS LEFT OF 20 YEARS (reduced by 17 mths)
  • savingholmes
    savingholmes Posts: 29,070 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    rtandon27 said:
    TGIF!!! Has a weekend ever felt so good?!
    This... So glad it's the weekend. ARK is such a good thing to do. I've had 3 this week - so definitely need to pass on the love.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.8K Equity 36.37%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
    (If took bigger lump sum = 60.35K or 47.6%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £5K updated 10/10/25
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