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

For myself? Nothing. I have about £1k in a savings account for DS which will hopefully be around the £5k mark by the time he's 18. Will either help him through uni/go towards a house deposit, whatever he's looking at doing then.

I am a single parent non home owner on minimum wage. I could afford to save a tiny amount, maybe £100 per month but if I did that I could not afford days out and extras for DS and frankly that's more important to me than having a couple of thousand when I'm older and unable to enjoy it.

What do I plan to do when I stop work? Well, unless my circumstances change then I plan to work until I physically can't any more. At my current age probably won't get a state pension until 70+. Then I plan to take myself off to Dignitas.

I will inherit some money when my grandfather passes away. Hopefully that will get me on the property ladder. I'll then leave whatever I have to DS. I hope he will be in a better situation than I will.

The way things are going I won't be able to live in comfort in old age so I plan to bloody enjoy life while I'm young and healthy.

I have around £800 saved but this is for a particular thing and came out of a bonus payment.

Month to month, I very rarely manage to save anything . I should be able to. I put £500 into savings every pay day, with tight budgeting I should be able to keep it there, slightly looser budgeting would keep in £200. But invariably it gets spent.

I don't understand the point if this either. Logically the answers will range from nothing am in debt to a huge sum.

And if you've only got a thousand saved, but save a few hundred a month, how does that work, have you been only saving for a couple of months?

Zero and 0%.

These threads would be great if all those who wonder about non savers and what they're going to do in the future with only the state pension to live off, would actually take just a few short minutes of their lives to really find out what to like at the bottom end of the wealth spectrum.

We do have savings and pensions but there have been times when I've lived hand to mouth so I appreciate that for many savings are just a pipe dream.

I have nothing in my savings account, prob about £5k in joint savings with dh. I need to get on top of my finances soon!

Those people confidently expecting an inheritance appal me. Care home fees devour money at a rate of knots. Don't rely on inheriting money, it could easily have disappeared.

We have around £2,000 plus around £20,000 in assets (business stock) they could easily be liquidated in a crisis, we already have 1/3 of our house value as equity after 5 years. Have around £15k in super low interest loans from home improvements, they're being overpaid. Both have pensions and children have around £1k each plus regular savings in a stocks & shares ISA that's currently yielding around 15% PA

£0 as bought a car a couple of weeks ago, but we can generally save £200-400 per month, for which I’m very grateful.

Am a SAHM/student. £200 in my savings account. Least it's ever been...most was about 4k but then I paid tuition fees.

DH has £7-8000 saved in 'his'. We're trying to save around £10k for a shared ownership deposit.

Oh yes about £1.5k in toddler DSs savings account. We put birthday/christmas etc money in it. Should help towards driving lessons/uni

Lots of people don’t save because they can’t. It’s terrible to blame people for not having enough money to save. Horrible attitude.

We currently have no savings and aren’t saving at all, due to overpaying on our mortgage in order to get it paid ASAP. I feel lucky to even be in that position to be honest. So many people renting, on zero hours contracts etc.

Have a little empathy!

So many people here manage to save our entire income 😂🙈

We have a small bit of savings and a mortgage over payment but that was only because I got inheritance. Atm any extra cash is being thrown at my new business but if it ever starts generating income my aim is to over pay on the mortgage.

Sometimes I think people here live on a different planet to me though. For any families on universal credit etc they actually aren’t allowed to have a great deal in savings. It’s one of those things that’s nice to have but more people live in debt than with a huge excess each month

Me and DH put 10% into each pension and have around 10k in a savings account, and have around 600 pounds in a every day saver which is for holidays (or appliances) ect.
We put in £100 a month, we used to save £700 a month until we had DS and we currently pay £1000 a month in nursery fees, once we get 30 free hours we will up our savings

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

@doomRaider

I think I will come to you. Thanks for the heads up. See you in 50 years. Don't go wasting that money now will you.

I love how people can judge people that ant save. I have a low income yes, but I can’t change my hours or my job! Childcare takes 80% of my wage, weekly tax credits cover food and petrol.
Before you judge just try and and understand that some people cannot save and can’t just change jobs

No. I just think they're being irresponsible

Totally agree. One of our neighbours has a one bed flat, no savings, lives off benefits, decided to give up work in his 50s. He goes round to another pensioner neighbour trying to borrow £50 here and there. She’s told him she just can’t afford to lend that much.

I’ve offered to help him complete applications for local supermarkets, all of ours employ older people. He hasn’t done it yet but constantly complains about his lack of money. He says he never thought of the future or how he would live. He had a good job back in the day.

Untill I was about 30 I had absolutely no savings at all. I grew up in a poor household. At a certain time in my life I had no income at all and lived on food parcels and gifts from friends. Some days I didn't even eat. I was really destitute. I never had any debts though (apart from mortgage)
Fortunately things changed drastically when I was about 30. I met my husband and we now both have good steady jobs.
Now we're 45 and we have about €35000 saved. We save about €500 a month.
We also save for our pensions, but our system is totally different from the one in the UK, so I really can't compare that. Suffice to say that we will get a good pension if they don't change the system too much, which our government is currently doing.
Our mortgage is almost paid off (one more year to go) and the mortgage on our second home will be paid off by the time my son will go to uni.
Last week I also heard that my dad inherited some farmland that he wants to donate to my sister and I. I'll receive about 3ha (about 7acres) of very fertile, flat, easily accesable arrable land, worth approximately €200.000. We're planning to give this land to our son when he wants to buy a house.

Because I was absolutely skint in my youth in in my twenties and as I also work with people living on benefits, I realise very well that we are very very lucky!

DH and I take home £6k a month and save £1.2k of that but we also overpay our mortgage by £500 each month. We're about to get an extension built so after that we'll have £0 in savings...but we'll soon build it up again and we're on track to repay our mortgage in 9 years (we're both 40) which is our main goal.

What a goady thread 'about a million' 😂

I have about £1000 saved, for my America spending money later this year!

Some people don't have money saved in accounts, they have it tied up in assets and pensions (I.e. me) - doesn't mean they're any less sensible and even more so, some people can't afford the food on the table, never mind money savings. Stop being so judgemental.

I wouldn’t talk about how much money I have and how much money I have saved, in person, so there is no way I am going to do it on here.

I will just say, I have enough to get by on and enough saved.

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

Very horrible comment, and very unclassy.

I love how people can judge people that ant save. I have a low income yes, but I can’t change my hours or my job!

But they all have time to waste on an anon forum?
Where is the ambition? Where is the desire to learn, to improve one's lot? Online courses to get abetter paid job eventually,, more part time work?

People who complain can always a) afford the internet and b) afford to spend time during normal working hours complaining they don't have enough money.

Some jobs will always be badly paid even if they are graduate level jobs ( teaching, nursing, medical research.) People choose these jobs because they are vocations.

Other people who are in unskilled jobs either don't have the qualifications to do anything else, or haven't had the motivation to study and try to earn more.

Earning a decent salary is usually the result of bloody hard work, starting at school, putting in the effort, then going to uni or getting other qualifications while you are working (like the OU or similar). You get back what you put in.

Close to half a mil in cash. Expecting that to be decimated in the next couple of years as we’ll be FTB.

I'm never the least judgy person in the room but Jesus there are some weirdos on this thread. Yes I'm sure there are people in well paid jobs who fritter money away. There are also people who will be lucky to have enough left over for a can of Vimto each month. What the fuck gives people the right to sit on their respective piles of cash looking down on them?

We're human. We all do irresponsible things. Not saving - if you can - is irresponsible, drinking and smoking is too, as is sex with the wrong person. Oh and eating junk food. But frankly, if none of us did those things these boards wouldn't exist! Being healthy, well prepared and always doing the right thing is admirable but I think the majority of us are on a journey with more bumps in the road than that