What amount of savings would you need/want to have before you stop saving?

[Statsquestion1]

Basically the question in the title. Is there an amount you would be happy with before you would start living a little more etc? Just starting to question why we keep saving so much and wondering if we should stop for a while and be a bit more spendy?

We have 12 months living expenses saved, this is more than sufficient buffer for us in case one of us loses our job.

Rather than pour more money into cash (which is eroded by inflation) have you considered investing regularly in a stocks and shares ISA fund? You are only in your 30’s and in a very solid financial position, assuming you are happy to invest for 20 years, you could look at higher risk (but not risky) funds and ride out any market fluctuations.

I always think that being a saver is ingrained in a person's mentality.
If you are of a mind to save then it's almost impossible to stop.

I think the first poster nailed it.

I was always encouraged to save some of my pocket money and my PT (after school) job. When I left school at 16 I already had enough to buy a new motorcycle which enabled me to get to work & college.
I saved throughout my working life, not just for goals (car, house,pension etc) but because it was the way I had been brought up. It never ruled my life and I never missed out out on anything because I "had to save" but putting money away was just something I did.
A couple of years ago I took early retirement (57) and STILL I try to save, it is just a habit. We have more than enough money saved and live a full life although as my parents always said, you never know what is around the corner.

My parents continued to save after retirement, not in the first few years when they did a lot of travelling and were still running two cars but as they slowed down and expenditure decreased. Now they are facing care home fees we are very glad they did.

I think of it as investing rather than saving and I'll never stop.

I keep some quick access cash in a high interest savings account but otherwise plough as much as possible in to stocks and shares ISA, savings bonds, GIA, premium bonds, pension etc

I’m a saver. I would stop saving when I had enough money to retire on. That is the purpose of saving. To eventually be financially independent.

That said, I do drive a nice car (which I own outright) and we do take nice holidays. I can spend money on those things. It’s the little day-to-day things, most obviously take-away coffee, bought lunches, cosmetics, subscriptions etc that I spend very little on, as they quickly accumulate into many hundreds of pounds of unnecessary expenditure every month. I would much rather save that money.

The amount where the monthly interest is more than your 2.7k

The type of person who fully achieves their savings goals is the type of person who moves the goalposts as soon as those goals are met. So, never, or not at least until it becomes impossible (i.e. retirement, other unmanageable obligations).

Enough to live off the interest and never need to work again would be nice 🙂 Any tips on how to do that welcome.

Have a look at The Rebel Finance School online. It's free and no weird culty MLM links. In fact the 2 who started it were in Sky news this week.

We have about 4 months of salary saved. Then we have a savings account which covers things likes holidays. We also have a bills account which we aim to have enough to cover the bills.

We are about to get a mortgage so will have less savings but will still have some. We will aim to have a month or so of salary and over pay the mortgage as much as possible.

my husabnd not spending and being so frugal destroyed our lives in a roundabout way. too long to explain but he didnt allow us to spend on even essential thighs for my work as an academic and it totally broke me and I ended up in psychosis. we dont even have kids to pass our money on to and we didnt need ot have so much saved as we knew we would be inheriting a significant sum of money.