To ask how much savings you have

[mrsshears]

nosey old bag emoction

We've got £10k in savings and owe about £4k. It's left over from selling a house (we're currently renting) and we're saving it to hopefully put down to buy somewhere. At some point when we're not paying £1k per month in childcare and the bank will lend us anything for a mortgage...

We are quite frugal and lead very dull lives tho Cocoflower!

We have about 40K in pensions (evenly split as though I've had mine longer, DP pays more monthly into his) and this time last year I had 13K saved up, but maternity leave and not returning to work as well as a full-scale house renovation have taken their toll on that - we have about 5K left. DP has an interest-free overdraft of £1800 that he is paying down and we save £400/month. Both early 30s and I intend to return to work once DS (and any future DCs are) in school.

Neither of us have a pension

We are stuffed

Kids are very expensive.

I reckon my two have cost us more than half a million (so far) if you include lost salary, then childcare when I am working, needing a bigger house is another expense.

Would like to have another one but TBH I don't think we are willing to sacrifice the lifestyle we have at the moment.

Watching this with interest.
I have about £35k. Plus a substantial amount of equity in the house, which I know we aren't counting, but I have paid off quite large chunks of mortgage over the last few years so if I hadn't done that, the mortgage would be bigger but so would the savings pot.

None.

Mine got wipe out when the company I was working for went under and i spent 6 months trying to get another job. Don't think I am going to be in a position to save again for a long long time

And my pension pot is worth about £90k. Which seems a lot, but probably won't keep me in cat food in my old age.

I have about £38k which I started saving because I wanted to have a years salary just in case, when I was employed (freelance now) I used to save a third of my salary. My husband has about £20k I think plus some shares and we have the capital from the sale of a house, we planned to buy another one but never found one we wanted to buy so have been renting for a few years.

I have 6k , but am spending half of that towards a trip to South America next year . My husband has a similar amount . We save £500 a month into work pension and husbands employer pays in £1150 per month. Also have 200k in various pensions.

cocoflower 32 & 31

No inheritances here, no family money at all, just lots of long hours, watching the outgoings and as I said plenty of good calls/luck over the years.

Cocoa no inheritance for us ... unlucky enough not to have children yet so there have been no reductions in income for mat leave, etc. I've always been very conservative with money. Even as a child I saved loads

Ditto what they said^^ Although I'd hazard that morthloth is like me in that the harder and smarter she works, the luckier she gets. I think you're right about those good calls, morloth. They add up. I earn double self-employed as I did as an employee doing pretty much the same work.

Also we don't have things like sky, don't smoke, don't spend lots on holidays, I don't have a handbag/shoe fetish etc etc.

Pulling in the same direction with your OH helps too, I think - same goals/priorities/interests etc.

Gosh, have no idea what we have in our pension pots - apart from that it's not enough!

Oh yes, pensions. Started last month. Have about £200 to retire on.

(God help us)

We could probably save a fair bit if we downscaled our lifestyle, but the child benefit is saved to pay for dcs uni/house deposit/wedding, I have a pension that i've been paying into for 12 years, we own a flat we rent out where the rent is double the mortgage payments so make 100% overpayments in a month which is for our future. Worth £140k now hopefully will go up in value.

We go out a fair bit, spend money on nice things, I buy clothes (albeit cheaply) and go to the theatre/cinema/out to eat etc. We could cut back on all these things and prob save quite a bit per month, but I don't want to. I want to enjoy life. I don't work to sit at home counting the pennies!

We're mid twenties, earn £26k between us (but only been working for two years so far since we finished uni), £10k savings. I'd say we're pretty frugal, my DH has very little job security really, and we're TTC too, so aiming to keep up the saving £500 a month. Can't see us being in a position to get a mortgage anytime in the next decade...

Age 31. Just bought a house so no real savings to speak of. We do have 5k left but that's earmarked for improvements. We bought a cheap house though so mortgage is only 15% of take home salary, fixed for 5 years, and just about affordable on minimum wage if the worst came to the worst.

I have however been paying into a pension since I was 26.

Once initial work on house is done I will overpay the mortgage over saving money.Age 31. Just bought a house so no real savings to speak of. We do have 5k left but that's earmarked for improvements. We bought a cheap house though so mortgage is only 15% of take home salary, fixed for 5 years, and just about affordable on minimum wage if th

None. It's all been spent over the last year on house maintenance / car / school uniform. I do have a little pension though. And salary protection insurance so I can pay the bills for a while if I lose my job.

But now DS doesn't have nursery fee's I'm going to try and start sqirrelling away a bit of cash. I'm good at saving when the pressure is off and my 'to do' list is all done.

I'm saving around 14% of my net monthly income in theory but then in practice we're always needing to dip into it. Result is year on year our savings aren't really going up. If anything it's slowly going backwards.

I've about a year's worth of income saved up but I still feel like it's not enough. I'm fast approaching 40 and still have a huge mortgage looming over me and a daughter who wants to go to uni and learn to drive in a couple of years. I can see my savings getting wiped out soon.

We used to have roughly our joint annual income in savings, accrued through several years (5?) of careful spending, living in the north (so cheaper rents/mortgage), and having a lodger in my first house to balance out our dual-location existence and the fact that I bought at the height of the market.

Buying out current house while I was on mat leave wiped out our liquid savings, leaving us with 10% of our annual income in shares (given to DH by his grandfather long long ago). We're aiming to build back up at least a 3-month buffer in our offset mortgage savings and hoping to sell our old house in the Spring; then we should be okay again!

I've always been a saver; to me they're a necessity not a luxury, and I don't go on expensive holidays or buy that much in the way of clothes, accessories etc.

Holidays are our big indulgence. If I can't afford to go in style then I don't go. This means an awesome holiday every couple of years and lots of stay at home in between.

We also don't smoke or have sky (equivalent) or replace things until they are properly broken/dead. We do eat very well but as for clothing and stuff nobody cares so it is Target brand jeans and t-shirts all the way. I do however like expensive toilet paper and fabric softener but as indulgences go these are manageable I feel.:)

We don't play the 'keeping up with the Jones' games that many people seem to. It's good, I have been poor, it sucked big time, I have no intention of ever being there again if it at all avoidable. I had a happy childhood but went to bed hungry sometimes and will not allow that for my DCs if there is anything I can possibly do.

£0.00

Though we do have debts.

Quite interesting, seems to be one extreme or the other. I have 5000 (single parent with 3 dc's) as my emergency fund (car/boiler etc needing replacing).

No savings here as have a dc in childcare and that costs us about 1k a month. No mortgage, pension of 100k +. We basically live from month to month and have 3 dc's in total. Our financial status is tough atm

10k.

I do however like expensive toilet paper

heheh morloth you really are a girl after my own heart! Ditto pretty much all you've said