Savings

[Nicetobenice67]

Just curious are ppl able to save I’ve twelve thousand in the bank I’m single and 57 most of my friends live month to month

op of course people are able to save

and others aren’t

you have reached 57 and this is what you wonder?

out of interest, do you have children?

Yes they are both grown

Me? No, I have a mortgage and a nursery bill each month.
After September, hopefully yes.

No need for your reply thanks don’t need the Sarcasm

university?

No 32 and 26 ?

you were asking whether people are able to save

no sarcasm

i gave you the answer and then asked a question

so neither had the the expense of university which often parents sizeably help where they can financially

when did they move out?

No you didn’t you added to that about being 57 and this is what you wonder ? Be careful of how you can make ppl feel some ppl suffer mental health as I do and you sarcasm which wasn’t needed has made me anxious

I've got some savings but am not able to add to that at present. On the plus side I don't have to use them.

My daughter lives in Australia has her own business and has paid for university my son works in fraud didn’t go to university

That’s great that’s how I am at the mo but feel proud I’ve been able to buy my own home pay off mortgage so I can save a little more now

so

you are single
two entirely independent adult children, neither of whom had the expense of university
you are 57 and still work full time? what’s your salary?

your outgoings?

Committing fraud or investigating it?😁

Surely you know some people can/do save and some people can’t/don’t.

It depends on their income, outgoings, whether they’re good with money.

Investigating?

given your other thread is about you having no private pension and you opted out of the work one (why??)…. you will be needing that £12k

I don't know why people are giving you a hard time. Savings is about managing your expenses so you have something left at the end of the month to save.

If your mortgage is paid off, it sounds like you're in a good position to save. Have you gone through your bank account and written down all your expenses? How much are your expenses compared to your salary?

Opted out as I needed the money in my pocket at the time I guess I could opt back in but need advice as I’m not sure I could pay enough in now to make a difference

so you ask about savings

you have put zero in to a pension but have saved £12k

others may say they have little in savings BUT their pension pot will be many multiples of £12k

So many of these savings threads at the moment! Not sure what repeatedly asking the same questions really offers!

I was teasing :)

Thank you ….I’m able to save a bit more now as paid off mortgage it feels good to have a little extra but now I have to plan for retirement..sorry if it seems I worry a lot I do always have done as I suffer general anxiety disorder but I think I’m doing ok

☺️