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

Nothing. Always overdrawn. Money is gone the second it enters the bank. Work full time but single parent paying rent and bills leaves nothing at all.

Blimey. I save £100 a month. I take Home £980. Half of that goes on bills. So I save £100 and spend the rest. My turn for shopping every other week. So I don't have a lot of disposable income. I am trying to not waste as much. I have to pay for petrol out of that too. We've just bought our first house and want to do some improvements. I do pay into a pension too.

We have about £4000 saves. We’re planning our wedding so putting most of our allocated saving into that for the next 12 months.

Normally we’d put around £500 a month away between us into our joint account, we save between 10% -15% of our monthly salary, which is around £4500 after tax deductions.

MsHopey 26 is way too young to be in a job you don't like and it's never too late to retrain. I went to university with an 82 year old & he graduated top of the class & put the rest of us to shame. I'll pm you later today, I've got little ones to feed first.

I hate these threads

It will range from the millions to the hundreds to nothing

None of your business OP

Also, I (perhaps naively) opted out of my pension last year whilst I saved for a house. I need to opt back in to that this year which will see my disposable income drop by £200.

I wonder about those people who save nothing. Who do they think will look after them when they stop working?

Wonder no longer DoomRaider. It’s not when it’s if - I can’t imagine being able to choose to stop working, and if I get too old to work I’m kind of hoping I’ll die after a short illness, rather than live in knackered penury. I hope this helps.

We have about 5.5k in savings but have a huge mortgage which we took out last year. We will use most money we save to reduce our mortgage when it comes to renew (can't overpay without penalties). Also will be able to save more when we stop paying the loan we took out for two cars (April next year) and I return to work from maternity leave.

£0 as we've just spent all of our 70k savings on house renovations and there's still bits and pieces to get. We'll start putting aside a few hundred a month again once it's done.

Also what is a huge mortgage? In my head it's 500k plus ( ours is 200k and i worry enough about that but I i think that's small compared to my friends

What is the point of this thread?

People who have a lot feel smug and self satisfied.

People who dont feel somewhat shocked panicked and disheartened.

Op why do you need to know???

I wonder about those people who save nothing. Who do they expect to look after them when they stop work?

I am one of those people and I wonder too.

If you could just engage your brain a little maybe you would understand that we are not all high earners. We can't all afford to save. Some of us barely get through the week with £10 left at the end, and even then something will come up that inevitably costs £20.

Take a step down from your high horse, it's not about being irresponsible, it's simple affordability.

Still, I would take my empty one over your £700k any day of the week, it hasn't done your personality any favours.

I wish I was in the position to save. I pay a small amount into a pension and have done since I was 18 - it is not much but all I can afford. The rest if our money is accounted for each month unfortunately - we live month to month as I know many others do too.

Nothing. No pension either. Or a house. I'm almost 32.

I dont feel upset by reading about others' savings, thats nice for them, and i know i've always been good with money i just havent earnt enough! I've worked since i was 13, FT since leaving FT education at 18. I dont drink, smoke or eat out. I dont go out clubbing or whatever and only buy needed clothes, usually in sales or get second hand.

That said, now i'm free of the financial drain that was my husband i have been able to get my debt down to the last 5k, my overdrafts are there to act as cushions again and i can now earn more with any luck...just trying to decide whether to prioritise savings, pension or house first?

Doomraider's a bit of a dick - as a PP said, the plan is to work until i die of hopefully a short illness. Swanning about in retirement has never felt like an option for me.

Nothing. I want to save but my money doesn't stretch that far. I'm a single mum if three on min wage so money is tight after rent ect

@doomraider are you really that ignorant that you can't understand the people who don't save aren't doing that by choice? I imagine you'll probably come back and say they should get a better job but it's not that easy either. Plenty of reasons why people can't - growing up poor in otherwise disadvantaged e.g. in care (and that's not a slight on anyone who grew up like that) will not send you into adulthood with a financial buffer with which to go to uni, train or move to a different place with better job prospects. Some people have caring responsibilities which mean they physically can't increase their hours. So you get stuck in a cycle of taking whatever work is available just to cover your costs. How is that beyond the comprehension of some privileged people? I say this as someone who is lucky enough to be able to save a good amount each month from spending a good few years in low paid jobs but I'm not short sighted enough to think everyone can change their situation.

Not as much as I had hoped now I realise just how much we are going to need to top up one and then two university maintenance loans for the next five year.

I love these threads. You can’t ask people in rl so I love to hear people talking frankly about it on here. If you don’t want to contribute to the thread then don’t, plenty more threads to participate in.

We’ve got around £60k. But we aren’t good with money and should have much more.

I have about £25k and save £300-500 a month, plus £60 into my pension. It used to be more, but I went part-time because of poor health.

DP is still full time, and saves a bit more, but when we cleared our mortgage earlier this year, he used a big chunk of his. I guess he's probably got £5-8k.

Because most of the clients I work with are on benefits, I feel well-off by comparison. When I support someone who's benefit-capped and is left with £70 pw, after rent and bills, to feed and clothe herself and 2 children, I feel very wealthy indeed. We spend more on a meal out than she has to do everything for a week.

I'm not a very good saver so I only have about 765k as well as both properties owned outright.

I'm so greedy too, today I ate toast for breakfast, salad for lunch and I had two potatoes with my steamed fish dinner! But I'm pre menstrual so you can forgive me.

I wonder about those people who save nothing. Who do they expect to look after them when they stop work

What a horrible comment.

I'm one of those people. I became disabled at 30 and now live in a council adapted bungalow that accommodates my wheelchair. My savings went on my wheelchair because the NHS couldn't provide one for my needs and told me I had to buy one.

Every penny of my DHs wages go on bills. He isn't a professional like I was, and doesn't earn much at all. We struggle like mad, sometimes we go without food so DS eats. We've used food banks and I haven't bought anything for myself in three years. My clothes are falling apart.

We have zero savings. I have no idea who will look after me. I'm fucking terrified.

Thanks for pointing out that I'm irresponsible though, that feels really good.

Morris 😂 That is SO how these threads end up!

Wow oh wow!!!! very rich people out there!! Lucky you

Just checked my Chip app. £22.64

About £20K, part of an inheritance. Until I got it I had massive debts and lived hand to mouth. doomRaider you sound spectacularly unpleasant and the person who called you a snob hit the nail on the head.