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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To ask how big your financial "safety net" is?

104 replies

PageStillNotFound404 · 19/07/2016 08:10

Having been made redundant twice and being in private rental, this is something that I worry about at 3am think about from time to time. We have roughly the equivalent of three months' salary in savings. If my job went tits up the small amount of redundancy I'd get means we could, with some strenuous belt-tightening, eke it out to four, possibly even five months. We are trying to save more but can only afford to put a tiny amount away each month - it will take about 18 months to save another month's salary.

It's certainly better than nothing - and I have been in the position where I had literally no savings or safety net at all - but it's not much either, in today's world of 200+ applications for a single job. AIBU to ask how you'd fare if the plug was pulled on your regular income?

OP posts:
Fluffy40 · 19/07/2016 17:46

We would probably manage for about a year, but only because our house is paid for.

FuriousFate · 19/07/2016 18:04

Somewhere between £40-50K. Only recent though due to inheritance.

Rainuntilseptember · 19/07/2016 18:07

I have a couple of thousand of "running away" money. As a couple we have zero.
Very unlikely to be made redundant but ill health would cause a lot of problems, or a major repair.

cannotlogin · 19/07/2016 18:15

About a year at normal spending rate....could eek out to 2 years with tax credits and no non- essential spending at all. This is up from £0 when my ex and I separated 9 years ago but I am lucky enough not to have a mortgage.

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