if you are around age 35 do you...

[pretter]

1. Own a home and if so what equity is in it?

1. Have savings and if so how much?

I’m suddenly in a massive panic about redundancy and job prospects. I have my own home but only 10k in savings, mortgage 750 a month. Just feeling like I’ve fucked up here but then we didn’t know lockdown was going to happen!!

I'm 35. So is DP. We have s 1 year old DS. We have decent but not amazing jobs (earn about 75k between us). We bought our house 2 years ago and have maybe 35 - 40k equity (house was 265k. Mortgage is 870 a month).

Savings of about 14k but a lot of that is a wedding fund.

33

1. yes, about 45% equity
2. around £55k savings but earmarked for extension

I have about 30% equity in my home (probably around £150k - London) and about £600 in savings because I’ve just renovated said home. High mortgage (again, London) and single so unlikely to be significantly building my savings for the next couple of years.

You haven’t fucked up. You own a home, you don’t have significant debts. Also, if you’re single, it’s far more difficult to save or overpay your mortgage and it sounds like s lot of the posters who are answering have husbands or partners, which lightens the load.

34. Own a house but only because I bought it with my husband. We've just bought it, so no equity.

20k personal savings

I'm 37. We rent our home at 1k per month, and 3 children, so we can't afford to save anything. Maybe when we're not paying childcare as much for childcare in a couple of years we could change that.

Have about 18k in debt (combination of cars and personal loan).

If either of us lost our job, we're basically fucked.

foxssoxks wedding fund? Blimey 😏 a lifetime to save gone in a day

Be interesting to read those ten years younger ... graduating with debts of £50k + ....good luck everyone

I'm 35 but my financial situation is irrelevant to yours. Comparison is the thief of joy.
Do you have income protection insurance? It's worth looking into it and getting it if you can afford it.
£10k savings is a pretty good buffer, too. Let's say your outgoings are £1,500 / month, it would keep you going for 6 months. (You'd also be able to claim new style JSA if you lost your job, which isn't a huge amount but every little helps. And you might get a small amount of Universal Credit and Council Tax Reduction too.)

36, own a few properties, 50% equity in the house we live in, still paying off the mortgage.
Some decent savings with the dc in mind really but good to know it’s there.
Don’t know how we’ve got to this position really, growing up I never had financial stability and I really appreciate having it now.
We’ve worked and saved for everything we have, had a small inheritance from DH’s granny which we put towards a deposit for the first property we bought after we bought our house we live in now.
I have an okay pension, dh doesn’t have one. The properties are an investment for our future really.

Some friends are in a similar position to us, some better off, some worse. Everyones circumstances are totally different.

How much equity in your home OP?
I think mumsnet can make you feel a bit crap as everyone seems to be loaded but owning a house is something so many people will never do. You have done well to get that, even on your own! Do you try to overpay the mortgage a bit? Look at the calculator on money saving expert, mortgage overpayment calculator, even £50 a month can knock thousands off the interest.

All shared with dh.
House worth £150k equity roughly.
£12k savings roughly.

No savings, own home mortgage 1200 a month. If I lose my job I expect we will lose the house within months. Something that worries me every day to be honest!

I'm 38 and will give myself the liberty of joining in!

We've around £200k left on our mortgage (live abroad). Bought house 7 years ago. Should be paid off in around 14 years.

Savings? Probably about £10k 'cushion'.

Pay into pension too. No debt, other than the house.

37. Own my flat with about £120k equity (very very lucky that a hefty inheritance allowed me to buy, and the market here has boomed in the last 2 years).

Only about £5k in savings though. Would be more if I hadn't been cut to part time hours since March.

No pension or investments.

I'm 37 have our own home with £50k equity which is about 60% equity but we are moving so that will soon go down to roughly £30k and 15% equity. We have about £10k savings which are being used for our move so will likely have to save again. I have a Lisa which has about £700 and a couple of smallish pensions from previous jobs, so not much in terms of retirement savings although dh has a pension. I'm not sure how much he has saved into that.
I wouldn't measure yourself against others as everyones personal circumstances are different. If you are worried about the future start saving as much as you can, even if it's £20 a month it all adds up.

Im 34 and don’t own a house . I’m a single parent so struggle to save enough for a deposit as my rent is so high . I do have some savings but not a massive amount .

I'm 35, single mum and just bought my own flat in London. Mortgage is £1200 pcm + service charge and ground rent. Have about £10k savings

Married, equity on our house is approx £200k which is about 30% of house value 40k in savings

I'm 39 so a bit older . Own home mortgage about 140/pcm. Equity of about 200k. Investments in shares rather than savings as such although the kids have money for when they turn 21 but that's from grandparents not us.

Only 10k in savings? I have a mortgage that will last until I'm 65 and around 3k in savings. But that is to pay off my car in January so will have to start building up again after that. Not sure why you are panicking to be honest!

30 so kinda similar. I have 1/3 equity in my house and 4K savings.

So you have roughly 8 months' of living expenses saved up? I'm assuming for a year, but we recently spent a LOT of money on the house so savings are depleted.

Do you have space to take in a lodger temporarily? Can you look at temporary jobs like Deliveroo or something?

33 and have a small flat in the SE with 50% equity. Seems pointless as on paper it's loads but we can't do anything with it.

As for savings, been putting £50/mth into a government help to save scheme for a few years now so that's built up nicely.

35. Renting. Single. Live alone. Up to eyeballs in debt. No savings left. Self-employed in an industry that’s been decimated by Covid/lockdowns.

I exist to make everyone else feel better about their lives 👍🏻😂 You will be ok, OP. If I’m still by some miracle managing to keep a roof over my head then I have faith that you will as well.

I'm 36, dh is 34 this month.

1. No. Dh used to own but ended up in negative equity. Was a 2 bed flat and we have 5dc so we currently rent as cant afford a house big enough in our location and won't move due to schools etc.
2. Not a lot. Prob around 5k. Interest rates are shit and would rather live life. Savings are currently for disneyworld holiday. We do have 3 months worth of expenses in current account though