To ask how much savings you have

[mrsshears]

nosey old bag emoction

Have to say this thread has depressed the crap out of me!

Sorry The Goop, that did sound weird. Its quite complicated but both hubby and I are self employed, his salary can be tiny as its a new career. Mine is not clear beyond Christmas and all his savings may need to go into bailing out an investment. So not sure what any of those sources will provide us with. Hence the lean year but at least we will finally have a great family home.

Me too Dancing. Almost 30 and have nowt, not for lack of trying either.

We have a few million in the bank due to inheritance and my husbands family so no money worries for us however I have friends who have huge mortgages (London) and zero savings and yet live fairly ostentatious lifestyles even though they live pay check to pay check.

I don't think I would ever be able to not have a nest egg squirrelled away somewhere incase that rainy day ever happens.

I haven't been able to read the whole thread, but I am that so many people own homes and had significant savings. I can only think you all bought before the boom(s), because now the vast majority can save immense amounts and still be unable to buy. The idea of having savings left over after buying has thrown me! Ok, I am looking at this from a London perspective but still.

Very happy for you and all that

I have about 50% of my gross yearly salary in savings, but don't own a home.

DP owns our house and is mortgaged to his parents. I don't know exactly how much he has in savings or owes to his parents, but I think his savings are probably also about 50% of his gross salary - which is about three times bigger than mine!

The idea of having savings left over after buying has thrown me!

I suppose you save up, use it all on. House deposit, then start saving again once things have settled down? You'd have struggled to get a mortgage witho they payments so high you were unable to save.

I've got about a tenner in coppers :-/

Mortgage free and £50k+

No flash holidays/land rovers/and bought own home 14+ years ago. Husband works 60 hours plus a week!

I am not picking on cherriesandapples but what's the point in having so much savings and not being able to us it to enrich or enjoy yourself. Some savings are goodbut I would rather enjoy the money, than have it as a what if.

As I said above I have £1000 saved. Could be triple that but I'm having holidays, going out and enjoying myself when I can. Lives for living and all that.

About 28k in a savings account, plus two mortgages. I did have about 2k cash in a jar which has evaporated since having a baby. Husband and I have separate savings schemes, I think we have about 20k each in those.

peggy 6%!! Crikey, where on earth are you getting 6% on savings (by which I assume you don't mean investments)??!

Obv in your circumstances it makes sense: hell, I would borrow more against my bank just to put in the savings account at that differential...!

TOAD because you never know what life can throw at you (serious illness etc).

Failing that, if you don't even feel the hardship, it's a nice little bounty to leave for your children.

I have a years living costs saved in case I lose my job. I do scrimp and save to maintain those savings, I'm a single parent so I like to know I can still provide if there's a rainy day.

Own home, will be paid off in a few years. 6 figures in savings and external pensions, about 10k in savings in UK and DH and his brother will share equally a property in the UK as part of inheritance..

Live offshore so able to save - DH is 29, me mid-30s. I am eternally grateful every, single day that we have what we have.

I'm finally out of my overdraft which is a huge achievement.

I'm not going to read the thread because I know there will be lots of smug people on it.

I haven't had savings for 6 years since dd was born. It has been a rainy day ever since.

Well, I've enjoyed this zombie thread. I'm a nosy cow

I have 6p left in my ISA. I did have a coin jar but it's been raided for all the 'good stuff' (silver) for bus fares to work, so with the copper that's left I'd estimate a quid or two. If I thought it was more I'd have paid the bus driver with the coppers as well- it's a bloody four hour round trip to work on foot!

I've £45 of my overdraft available, not sure I can count that as savings Despite all this I am actually quite good with money, or at least I was when I had some money to be good with. I've always been a careful saver, and never been interested in having new phones, clothes, gadgets and toys. I like travel, nice restaurants and such as much as the next person, but wouldn't go unless the cash was genuinely 'spare' for it, and day to day I can make a £10 food budget last just over a week (single and no kids!).

This thread has been really interesting. I think attitude to financial security combines with circumstances when it comes to how much you've got in the bank, and circumstances are definitely a dodgy variable to work with!

Ah zombie thread but what the heck. £130k in savings account earning sweet FA. No mortgage, no rent, no kids, spend whenever and whatever we want (mostly far flung holidays). Wish I could find something to do with money that's depreciating by just lying there. Who said they get 6% up thread? How please??

apatite1 With that amount spare I'd find a decent IFA for advice on how to get the most out of it. Then enjoy some more far flung holidays- you only live once!

NoNo I just don't know how to find a good IFA. My husband made some bad investments with one, now has gone completely off them. If you know a good one, please do PM me! Recommendations are the way to go I think.

£87 but I am withdrawing it tomorrow.

I'm gobsmacked at how much people manage to save! We earn just over £50k between us and struggle to save anything.

We know we need to have £20k in savings to ever stand a chance of buying a house, but it will never happen. My hopes are firmly pinned on the lottery.

Absolutely none diddly squat. Also been advised to go for bankruptcy. However hopefully got the job I went for today and will have to consider a trust deed instead. Went to a psychic when I was sixteen. She told me I'd never be well off but I would get by. She cursed me

We have spent most of our married life just living from day to day. We have not had £500-1000 to put aside each month, not after paying for childcare, commuting costs and a high mortgage.

I have always aimed to have six months to a years salary in savings but we can only ever save short term.