How much do you have saved

[Sergio4]

And how much of your salary do you save every month?

I have about a thousand saved and save around a few hundred a month as I am looking for a better job

I have enough for an ok life but none to save really. Well I will save for a holiday or something I need to buy but not for my old age or anything just can't afford it.

I could scrimp and save every penny and cut our spending down to the bone and still not have enough for a half million pension so whats the bloody point, might as well enjoy myself while I can.

£3 in my savings account at the moment. SAHP and we live off of OHs wage. We manage to save about £50 a month but that gets eaten up when the car fails it’s MOT, or something breaks, or for a cheap camping holiday (went away in half term hence none left at the moment!)
The kids are richer than us - we put £10 a month into savings accounts for them.
Things will change once I get back into work once the kids are at school in a few years. Choice we made and am happy to make the sacrifice to be at home with the kids for now.

Chicky love that you think 25k is not much! Think how many families are bringing up children on that including mortgages/rent etc! Just 2 people and mortgage paid off and it's tons.

Half a million is beyond most people's reach.

Nothing. We live month to month and struggle every month. We both have below average incomes (DH quit teaching after 12 years due to work related stress and I have a long-term health condition, first diagnosed 4 years ago, which requires regular hospitalisation and therefore I can only work part-time and am lucky to have a very flexible and understanding employer. Unfortunately it means I couldn't continue on my chosen career path). Our DC are very lucky to have incredibly generous Grandparents, who pay for various clubs and treats, so they don't miss out.

I'm genuinely surprised by the huge amounts many of you have saved - really well done! It's hard not to feel envious of all those posting about how much they are able to save each month - it's not the fact that they have the money, just that they don't have the worry (or at least not to the same extent, I would imagine).

Might be time for another review of our finances!

Do people come on to say how rich they are? How common

Much sympathy for those who can't save.

I read a fact a few weeks ago on BBC News app that 1in2 of us will die of cancer!
So, don't throw your life away saving for your retirement as half of you probably won't be around long enough to spend it.

Morbid I know, but apparently a fact.

Happy days eh!!

DH and I are late 30s. We have around £50k in cash, plus £10k ish between 2 DC. Both have reasonable public sector pensions and DH has an additional small private pension.

Home has a large mortgage but we have around £500k in equity across a few properties. DH works full time, I’m part time but our earning potential would be identical if I were also FT. Childcare takes up around half of my salary and I’m currently expecting DC3.

We are incredibly lucky to be in the position we’re in and I’m grateful that we are relatively financially secure. for those who are struggling - I’m from a single parent family and grew up with very little so have some understanding of how hard life is with no money. I hope it gets easier for you

Early 30s, personal savings around £8k (not including joint pot with DH) post-flat-renovation. Will now work to get it back up as I work in financial services and who knows what the impact of Brexit will be on our jobs so would like to have a safety net.

I save about £800 a month into a combination of a personal savings account, joint account, SIPP and pension.

I came from a v poor background and will inherit nothing (I actually support my parents). Am aware how lucky I am at the moment but sometimes it all seems so precarious. I always think it's all going to vanish in an instant!

Half a million in a pension fund, its a pipe dream for most of the country, average pension pot UK 2016 £55,000, as you can see a pipe dream,

I currently have almost £3000 saved towards my first mortgage in a year or two and around £300 in another account towards having a child within a similar time span. But the £300 account also serves as a rainy day fund, I’ll have to use it if I need to.

OH has same in mortgage fund and a couple of thousand in his rainy day as he earns a bit more than me and is more frugal!

I try save £300 per month split £200/100 across those two accounts. £200 non negotiable, £100 extra only recently has become non negotiable.

FWIW I only started saving for the first time in my entire life this time last year, putting aside £200 per month first as cash in a DVD case, then opening an ISA once I hit a grand. So although it seems like a tiny amount compared to other posts here, to me having £3k sat there is pretty much equivalent to being a millionaire (coming from years of working min wage zero hour contracts). It’s the first time in my life I’ve had money to save and not just racked up debt. For the first year or so of earning a bit better I went nuts with the excitement of not being on the breadline and spent it all each month but it feels great now to be saving and seeing the account grow, totally new to me!

No debts other than student loan.

And people who struggle with money should just remember at the end of the day it's just money. It's important but not everything.

Fucking hell. This coming from a 26 year old with £14k savings.

You couldn’t make it up.

Tassle, if you’re not trying to be a parody, I pity you. I genuinely pity you.

If it’s ‘just money’ please, send it to me

Nothing. I'm about a grand overdrawn. Enjoying myself. Plenty of holidays and going out most evenings. Life ain't a rehearsal and all that. I own my own home though so I'll sell that if need be.

£7k. And most of that is earmarked for something (i.e. we know the car will die soon etc etc). We had more but then we bought a house, had to do loads of unexpected repairs and had a baby, so it all got spent on the deposit etc. When I was working full time we saved £1300 a month. Now I'm on SMP we can only save £300 a month and that's for things like essential travel (family weddings etc), the MOT, car insurance and so on. Can't see us being able to save much until our kids are out of paid childcare and I go back to work full time. It scares the crap out of me as I like to save and have a big emergency pot. But needs must.

Forgot to say - DH has a very good pension and we have added a lot of value to the house so that's our retirement pot - it's a big family home and whatever happens we'll significantly downsize when we retire.

None!

I am a low earner so I have started using plum savings app on beast mode, it takes random smallish amounts u don't notice it. Anyway it averages about £800 a year which pays for Christmas and car insurance. My husband earns what I consider good money but he's rubbish spends it like water and saves nothing. Hence I take charge of the bills. Our childcare is astronomical and we do have a loan and credit cards that are coming down slowly.

I'm hardly able to save anything. Redundancy hit us hard recently. I don't have any savings left unless you count our meagre pensions and the equity in the house. I know we're very lucky to have those but reading some of these figures makes me feel panicky.
Hopefully we will keep improving!

We have about 350K in 'cash' - some literally cash, some in managed fund stocks and shares ISAs (DH is quite into his shares!).

We have the house which is fully paid for so no mortgage which helps massively.

I pay into my teachers pension. DH also did when he was teaching - he is older than me and will get a reasonable amount when he claims it, as will I when the time comes.

We save for our DS is a junior ISA.

Neither of us came from wealthy backgrounds and we are grateful every day for our position- it was hard at the beginning but we are seeing the benefits now.

People who brag about money are dull as fuck and there are a couple on here I see!

I am genuinely dismayed at @doomRaider and this goady, insensitive post.

I work in the City in a senior front office role, my wife works in a top role in museums. As you can imagine, we are in a similar financial position to you.

Yet I would NEVER, ever feel the need to supplement any information given with a goady kick aimed towards the seemingly “feckless” who’s own fault it is that they can’t save.. does it make you feel better to proclaim you’re sitting on a cloud looking down at folk?!

I grew up in lower middle class income bracket as a kid, it was perfectly normal to me seeing parents going into coppers jar for weekly food (yep really), or when older, telling me about loans they’d had to take out. It wasn’t easy but they did brilliantly and we wanted for nothing. Was it their “fault” they couldn’t save? My god no. They did the very best, not that I’m to judge, and my sister and I honestly couldn’t give a monkeys that there’s no property to inherit, or whatever people bother about so much.

Sis and I managed to make our way through education - I was lucky enough to go to a top top university and into well remunerated work. I have mental health issues which hold me back at times but I’m working on it. That’s what got me to this position today, along with being fortunate to have met someone wonderful who also has been lucky to have education opportunities and be placed in good work.

I am a product of my environment - someone who benefited from education, but who always votes for Left parties because I don’t believe that because I have a property “portfolio”, a banking relationship manager etc, that others just need to make “smarter choices” or whatever guff, to have the same. It’s not that simple, never is, never will be.

And while we’re on the subject of property, the number of people who boast about their “nest egg”.. I could name three better investments but at the end of the day property is emotional and an easy way for some in certain areas to realise capital upon sale. It’s just cringey how much this is said.

Nothing. Had about £7k 2 years ago but just spent the last of it on home improvement and bills. But I’ve just paid my last £1200 nursery bill and will be getting the 30 hours free in September so hoping to start saving again...