Got a q for Miriam Gonzalez Durantez? ×

To ask how much savings you have

(368 Posts)
mrsshears Mon 05-Sep-11 13:55:41

>>nosey old bag emoction<<

Genuine question,i have read that ideally you should have 3 months income minium as savings if possible,which we just about have,dh reckons that many people have no savings and cant afford to save,which got me thinking how much is enough in regard to savings and how many people actually have them?

emsyj Mon 05-Sep-11 14:00:33

We have about £40k. DH is very fond of saving and we are both fairly frugal. He is 30 and I am 32.

We probably don't save enough into our pension pots though - but we do have a rental property that will be paid off by the time we retire (hopefully long before that but you never know!) so there will be a bit of income there.

These are scary times. Jobs aren't for life any more, don't come with decent pensions most of the time and finances generally feel very precarious. We certainly don't feel that we can rest easy, you never know what the future holds.

ruddynorah Mon 05-Sep-11 14:02:43

About £20k. I save £200 a month too and have a works pension.

woowoo2 Mon 05-Sep-11 14:03:52

None!

seeker Mon 05-Sep-11 14:05:17

None. The recession saw to that.

ConstantVigilance Mon 05-Sep-11 14:05:25

None! Well maybe about a fiver in the copper jar.

gilbonzothesecretpsychocunt Mon 05-Sep-11 14:05:55

Not a squat.

LilBB Mon 05-Sep-11 14:06:35

None.

hoovercraft Mon 05-Sep-11 14:07:38

We just spent £50K on something and now have about £40K left

scrambedeggs Mon 05-Sep-11 14:07:50

do you want our bank account details as well OP smile

olderyetwider Mon 05-Sep-11 14:08:49

Not a penny. We used to have some savings, but then we got horses.

Illegitimate Mon 05-Sep-11 14:09:14

Not a penny thanks to both me and db being made redundant at the start of the recession. Still trying to claw ourselves onto a even keel.

Morloth Mon 05-Sep-11 14:11:19

If you exclude the mortgage we have about $200k in cash.

This sits in an offset account though against the mortgage which is bigger than that. It is not for spending but is our 'disaster' fund.

As I am a SAHM at the moment it isn't really being added to, but when I go back to work all of my salary will go into the offset so it is still 'fluid savings' but reducing the interest on the mortgage.

AryaStark Mon 05-Sep-11 14:11:56

Two grand between now and starvation. But we do have contents insurance.

DH's family are minted and generous so if push came to shove... but I would like real savings.

hoovercraft Mon 05-Sep-11 14:12:21

? what do you mean by exclude the mortgage

VivaLeBeaver Mon 05-Sep-11 14:12:23

I've got 18k, no idea how much dh has but I imaine it's significantly more. Last time I saw a statement was some years ago and I think he had about 60k then.

mrsshears Mon 05-Sep-11 14:12:24

only hoovercraft and emysj's scrambledgrin

ViviPru Mon 05-Sep-11 14:12:35

1 years' income. I'm self employed and DP is setting up a business so would feel edgy with any less at present. Once his business takes off and I'm a lady of leisure I'm spanking the lot on a self-build.

Don't think there's a right or wrong though - just whatever an individual feels comfortable with.

eurochick Mon 05-Sep-11 14:12:38

I've got about £80k. My husband has about half of that I think (we keep separate finances for everything other than household expenses).

I would only dig into it for important stuff - house moves, etc. The next big expense is likely to be IVF given our current failure to get pregnant.

I have lost a job once when the work I was hired to do never materialised and left jobless with a mortgage to pay so I don't feel comfortable unless I have a fair bit squirrelled away.

lubeybooby Mon 05-Sep-11 14:14:00

£10 ish in copper jar... apart from that, nowt. Live month to month and never been able to afford to save much apart from sometimes for holidays or items of furniture

mrsshears Mon 05-Sep-11 14:15:03

To the posters with large savings

do you have mortgages or are you mortgage free?

SarahBumBarer Mon 05-Sep-11 14:15:27

Errrrm - I have a few grand spare capacity on the credit card. Does that count?

hoovercraft Mon 05-Sep-11 14:16:09

We do have a small mortgage and could pay it off with the savings but the repayments are so low that we are better off keeping hold of our savings.

olderyetwider Mon 05-Sep-11 14:17:08

grin Sarah BumBarer

zukiecat Mon 05-Sep-11 14:17:45

Message withdrawn at poster's request.

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