How much savings would you like to have?

[MonsteraCheeseplant]

Ideally, like, when would you stop saving? How much is enough that you'd decide to stop saving and spend what you like?

Unless the debt is joint in the first place, can family/spouses be liable for a deceased person's debt?

Not that this is my plan at all obviously.

50k I reckon. I have 1p in my isa and my entire salary goes on childcare bills. I won't ever be able to afford to retire sadly.

At the moment I have 50k and no mortgage. About to have mortgagec and eat into about 30k of that.

I atarted being able to save seriously about 3 years ago, big pay rise and paid first mortgage off.

I originally wanted 3 months pay but I just kept going.

About £50k but I'd save it for my son so he'd never have to worry about money when he's starting off in life. I know that wouldn't last forever but it gives him that helping hand when he's starting off.

I'd like three months salary. I'm nearly there at the age of 51.

I'd love to have 3 months joint salary for emergencies but can't seem to save anything just now as I'm putting loads into my pension.

At this point in life (30's) I would like to have a 10k emergency fund but I only really save enough to cover the big annual bills. Once childcare costs reduce we will save more and hopefully once mortgage is paid we can save for retirement. Perhaps 50k-100k. We both pay into pensions but not loads.

AFAIK your assets will be taken to pay debts on death. No assets no repayment. However, most people dont "just die" the worry of debt collectors and repayment when ill, infirm or sick doesnt sound worthwhile for a few extra luxuries in the past.

We’ve got to just over £20k which I’m happy with and now going to overpay mortgage each month instead and maybe just top up savings £100 a month (plus anymore we don’t spend that month)

I wouldn’t ever stop saving, I need the peace of mind that we have a backup should life throw a curve ball. I’d also like to help with house deposits so my children have a secure home when they need it as adults.

It’s possible to save and live life, we just see savings as another direct debit each month.

Like a few others I find saving addictive. We do treat ourselves up to a point and have what I consider a lovely life, but I never let my savings drop below a certain level. If they did I would cut right back until my savings were topped back up again.

This may well be folly but I get more pleasure from the security of having money than I do from the prestige of having "things".

Worth thinking about priorities for saving - it could cause real problems to tie up money in a pension leaving nothing to cover emergencies or unemployment. OTOH, if you have debt, especially high interest debt like credit cards, there's no point having lots of cash in the bank earning almost no interest. There are various personal finance flowcharts online that explain how to prioritise.

150k savings and no mortgage is my goal. I would reduce the amount I save but not stop saving - I'd keep going and maybe put £50 a month away.

DH is a very high earner so we keep on saving and there isn’t a limit/goal. We'll probably start spending when he decides to stop working or take a career break.

We currently have about 30k invested. 5k cash and 2 properties with no mortgage. I am more than happy with that for now. Dc are very lucky that their gp’s have put money in trust fir their university costs or property. We are very fortunate and I am well aware of that. It doesn’t look like it to others, we don’t live like we are “loaded”. We didn’t have a holiday this year for instance.