Do you have any savings and what do you plan to do with them?

[wondering45]

I was just thinking that we have some small savings ( had been saving in case needed another Mat leave) and what I might need to do in the future

I wanted more kids but we haven't been lucky so now as it's a rainy Saturday I was thinking about my future

We have a decentish small house which we can stay in now as don't need any more space

I earn ok and could probably increase my earning potential if I tried harder( I've been a bit distracted with ttc so now can focus on this)

Luckily I'm in a fairly secure job

I want to support dd when she is older

I probably need to spend a bit on the house to make it nicer

I have a very small amount saved as I put a lot of cash into our current home (deposit and dream kitchen etc)
I am part time now so cannot save what I used to but what I have saved is for the dc as a uni fund. Any other extra money I use to overpay on our mortgage (dh pays the childcare bill)

We don't have much saved at the moment because we have recently done a house extension and new kitchen so we were saving for that. Now that's out of the way (we've been planning it for ages), we'll start building up savings again. This time it will be to go towards our retirement and uni fees for the DC. We're both mid 40s.

keeping mine for emergencies

I have some small savings but they are for a rainy day so I don't plan to do anything with them as that would defeat their purpose

I have enough savings to buy a second hand car or replace the boiler. No debt so I'm comfortable with that.

We save for the DSs (under our names in case of emergency)...university costs, first car, house deposit or some such.

I inherited a small sum a few years ago and it’s being used to gradually overpay the mortgage without penalty. The rest will be kept for unforeseen emergencies.

we've being lucky enough to inherit some recently giving us around 30k in savings, we plan on moving which will maybe take up 10k of it, paying 4K of debts off and the rest will probably just stay there for emergency's. I really want to do Florida with the kids but I want to be able to save up for it myself so I suppose itl be nice to be able to save for things we want to do instead of saving just to have backup.

Keep most of it you don't know what your dd may need. Currently I'm paying 3 tutors to top up where the school can't support..
Clubs, hobbies, clothes, food... Holidays, trips... All the extras!

I’ve got 10k saved currently. I have a large mortgage still.

Got a fair chunk saved. My dh wants to double it then he really needs a new car, his is definitely not in good order.

Ideally, I’d like a new horse if my current boy goes. Currently he’s ok (retired) but I know he can’t go on forever. I wish he would, but he’s a big lad with chronic arthritis (very well controlled pain, he gets a fortune in painkiller)

Do you have a savings account or have shares etc? I think I need a financial advisor but have no idea where to start!

Yes. I was going to retire this year, at 55.I've put it off until next year now because of Covid.

I got 80,000 inheritance.Weve spent half on a new cars and other household stuff.Im saving the rest for retirement.

We have various savings pots, one for holidays, one for emergency rainy days and one for general savings so house jobs, new appliances etc. DC have savings towards house deposits.

We have various pots. Emergency fund just in easy access savings accounts...would cover 3-6 months of bills if we lost our jobs.
We save towards work on the house (need new kitchen and bathroom at some point) and keep that in premium bonds so reasonably easy to access.
We have a standing order set up to pay a sum of money into children's savings (held in our name.) The aim is to be able to help them out with house deposits in the future.
I then save a bit each month into my own Stocks and Shares ISA and also a LISA... I view that as money towards my retirement.
We're mid 30s.

Yes, saving for early retirement. Also use some for overpaying the mortgage to get rid of it ASAP.

I barely have anything thanks to this year and the fact that my business is screwed because of it.

I have about 5k which I'm trying my absolute best not to touch.

I hate not having any savings, but I am hoping to be able to build them up now that my second business is picking up.

I have mine for any unexpected very large household expenditure and to enable me to travel in retirement.

Saving some for furniture and stuff we’ll need for our new house when we move. A bit will go on legal fees, paying a few grand towards the mortgage (better LTV giving a better rate). Slightly longer term in a few years would like a new en suite bathroom in new house plus to convert the basement. Though we both have secure jobs I’d like a bit saved just in case.

We also have various pots
-Small emergency fund
-Annual bills (MOT, car insurance, etc)
-Wedding fund
-House deposit fund

We've got rainy day savings plus we're saving for our (booked) holiday to florida at Easter next year that'll get rolled.over to 2022 so we'll keep that aside.

The rest is .for emergencies and hopefully putting in a downstairs toilet when we have enough.

I have different saving pots.

I have one that I have for if we lose our jobs. We have enough in there for six months for bills etc.
I have one for our USA Disney holiday in 2022
I have a general savings. So any money left over from our weekly spending money or the fee that’s left over of our monthly money goes in there. That gets spent on Christmas , bdays , broken washing machine etc etc.
We also have a car fund one. We keep a certain amount in that to cover all the known bills r the cars we have during the year. When we have used any of the money I too it over a few months to make sure it stays at a certain amount.

I also have my own personal one. Which any extra money I get bdays etc goes into.

Yes. I've always been a saver.
When we were flat broke, I still kept up the standing order to a savings account on payday, even when I had to empty the account out each month in order to eat, or put petrol in the car to get to work.
There are 'levels' or savings....... saving for an expensive time of year (maybe Christmas)..... saving to have the cash there for the inevitable breakdowns (heating, or car, or white goods)....... savings for next year's holiday..... savings towards depreciation (so eventually replacing the car or the things you have to do every 15 years or so as a home owner like the kitchen or the boiler or the bathroom......)

Pension is a good investment when you are young
Overpaying the mortgage is always a good thing to do (if you have one of course)
then you start thinking about how you can help your dc as she grows.

Of course, the more you have saved, the bigger your targets get - so, when you don't have much, you might be putting away a couple of pounds a week for a camping holiday in Wales, but, as your finances improve a few years later, you might be aiming for a week in a cottage, or even to go abroad. then, once you can more easily afford that you might be looking at 2 weeks in an AI or flying somewhere long haul.
Same with cars - you save up for your first old banger and are thrilled to have your own wheels, but then, once you have the capacity to save more, you set your sights higher, and perhaps want a car where the bodywork is all the same colour or where the heater works. etc etc

6 months living costs in premium bonds
Most annual bills / expenses in monzo pots
And a piss poor pension...

We have different savings pots. Long term savings we have our pensions but also S&S ISAs which are also for retirement. We have short term savings for holidays (that account is looking very healthy after a year of no holidays ) and for money for the house.

We are probably older than you, we're 50, have 3DC that are in the sweet spot where we don't pay masses for childcare any more (just holiday clubs) but they aren't at university yet so we don't have to pay out to support them there. We have a high income so it's easy to save a good size chunk of our income, when the DC were younger and we were spending thousands on childcare and were earning less we only saved a small amount each month.