To ask how much savings you have

[mrsshears]

nosey old bag emoction

[emsyj]

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]

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

[woowoo2]

None!

[seeker]

None. The recession saw to that.

[ConstantVigilance]

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

[gilbonzothesecretpsychocunt]

Not a squat.

[LilBB]

None.

[hoovercraft]

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

[scrambedeggs]

do you want our bank account details as well OP :)

[olderyetwider]

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

[Illegitimate]

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]

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]

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]

? what do you mean by exclude the mortgage

[VivaLeBeaver]

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]

only hoovercraft and emysj's scrambled

[ViviPru]

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]

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]

£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]

To the posters with large savings

do you have mortgages or are you mortgage free?

[SarahBumBarer]

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

[hoovercraft]

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]

Sarah BumBarer

[niceguy2]

This is an interesting one to me because I'm wondering if we have enough too. That said, recently it's taken a bit of a battering due to various events.

But can I ask what people have in relation to their family income? It's ok saying you have £40k stashed away but if your joint income is £200k a year then that's totally different than if you have £40k but income is £20k a year. IYSWIM