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

@Maelstrop yeah, you do realise that most people without savings don't decide to just give up a good job in their 50s and live on benefits. Most people work incredibly hard and can't afford to save because they have children/high outgoings etc. If I had a good job I'd certainly save what I could but I don't have a good job. It's not a case of not saving because we aren't thinking about our futures, it's because we don't have the spare money!

@Abigailisfarty doing a course costs money when you're an adult learner. If people can't afford to save how are they going to afford to pay for a course?

As for "getting an extra part time job" that's not always possible either. I'm a single parent, who is going to look after my DS while I do that? Unless I pay someone to in which case I'm not going to be getting extra money.

It's like people are just blind to the restrictions that other people might have.

About £20k in savings. I try and save about £200 a month. I also pay double pension contributions and save an additional £100ish into a holiday fund.

I'm a low earner but debt free and don't have an extravagant lifestyle. I don't have a car and my luxury spending is mostly on eating out.

I'm lucky that my ex pays a decent amount of maintenance so that helps a lot

@BitchQueen There are courses on sites like Coursera and FutureLearn which are free. You get a cert to say you have completed the course. These are not equivalent to A levels or degrees but they can be useful add-ons and show on a CV that you are self-motivated. I know someone who was offered a job after doing a Coursera course because it showed motivation (sticking with it , studying in their own time after work) and so on.

There are also quite a few jobs that can be done from home even with DCs around. (If people are desperate) eg ironing service, dog walking, child minding.....)

When my DCs were tiny I worked in the evenings only (lecturing) then was offered a p/t job shortly afterwards - 4 mornings.

well not everyone can have the higher paying jobs if everyone tried to qualify there would not be enough jobs for everyone and what would happen to the jobs that are low paid if no one wanted them.

Zero in savings.
I rent and don't own.
I have had a pension since I was 18 which has about £65k in and i'm early 30's. Obviously that's not really worth anything to me until i'm retirement age though.
This thread has made me just google "open a savings account"!!!

A % might have been a better question?
What percentage of your pay?

I don't believe someone can't save £1 a month. There is always something anyone can do to economise- food, clothing, fares, holidays etc

Awww for you not believing it.

I don't buy clothes. Haven't in over 5 years. I don't have fares. I haven't been on holiday since 2007.

I don't have £1 a month spare. In fact, every month I can't cover my outgoings, so am getting further into debt.

Again nice to see people refuse to believe that others have to live like this. It must be beautiful up there on your pedestal.

Why are people falling for doomraider's goading?

They are berating someone for having £1m savings but says they have £700k themselves.

They are clearly on a wind up.

I'm guessing it's a teen troll.

Once I start paying nursery fees, my chances of saving are going to be absolutely 0. Then after that it's going to be school fees and then topping up uni costs - so basically, the next 21 years are tied up. I do plan on saving DD's child tax credits for her though so she has something towards a house deposit (in theory).

Which takes me to 51.. good job the mortgage ends at 55 better hope the NHS pay rises between now and then are worth my while (LOL).

afford to spend time during normal working hours complaining they don't have enough money.

Why shouldn't those who have a bit of money talk about it? If they have worked hard and made sacrifices they have the right to shout from the roof tops.

We live in a country with a good, free education system and free contraception. After that it's down to choices - if you want kids at 19 instead of further education that's your right but don't complain about those who go on to uni, then find jobs and work their way up and end up with a comfortable lifestyle at 50.

CheersForThat you need some savings - it no good throwing everything at your mortgage if suddenly your car needs fixing or you need a new washing machine.

Camomila Why have you paid some of your student fees - you may never need to pay a penny.

These threads always bring out smugness. Some have inherited money and yes, some are high earners. I own my home and I'm ant ant rather than a grasshopper. I still worry though.

Never saved anything till 3 years ago and used to have debt. Now by cutting back on socialising/drinking/new clothes for socialising and drinking, I have £2500. Not much to a lot of people I know but I have dipped into it for a holiday abroad, new laptop etc in that time. It is heaven to me to look at my bank balance and see it. If the car goes wrong, to know I can have it fixed without stress. I tend to save about £50-100 a month (if I did overtime, it could be a bit more).

Early 30s, Single and No kids. I have about £250 saved.
I brought a house a couple of years ago so most of my money goes on that. I also pay into a pension since the government made it obligatory, so not much saved in that at the moment but now I started I don't plan on stopping paying into it.
I got a pay rise last year, which now pays off the loan for a new roof on the house. Theres talk of another pay rise this year which will go into a savings account but once enough is saved I will end up spending it on the house. So I honestly don't see my savings ever really improving till I'm in my 50s and the house is paid off and I've stopped doing work on it.
After bills I have about £250 spare, which I could save. But what would the point in working be if I never got to enjoy any of the money I earn.

doomRaider I wonder about those people who save nothing. Who do they expect to look after them when they stop work? Today's award for the most arrogant degenerate has been found, doomRaider needs some karma going her way.

No savings at all although thereis a fair bit of equity in my house.
I hate that I have no savings, it really bothers me but as a single mum
with no financial support from ex I get by each month by the skin of my teeth....and my overdraft.

Fucking hate these people that ponder over who has no savings? We're not all lucky enough to be in the position to have them! Boils my piss!

AbigailisFarty. Thank you for the generalisation, I have a degree, I worked bloody hard to get it. I work in a school, it’s the holidays so I’m not posting during “normal working hours”

How do you know I have internet? I have a cheap phone that I pay £15 a month for. Just try and understand that sometimes people try and put the work in and life just doesn’t work out how they expected it to!

I spend each month juggling which bills to pay. I’d love to have savings.

Ah, that old "take in some ironing" suggestion. Very helpful.

So why not? Too posh to iron? People who really want more ££ will do almost anything.

@Purplelion Oh have a bit of common sense. This is a forum. so of course posts are a generalisation! FFS. Not every post will apply to you so stop being arsey. They will apply to some.

I have about £3k, DD (8) has £5k. We have a mortgage so hopefully when we retire we can sell it and downsize. IF we lose our jobs and can't pay our mortgage we'd need to dip into DDs savings. I'm sure she won't mind as otherwise she'd be homeless too.

We could save more and survive on beans on toast for forever, we could also forego our holidays so we can save. We could also all die tomorrow and all savings would be pointless.

£200, lone parent working part time.

I do have a really impressive life insurance policy through my employer though, which makes me worth in excess of £300k to DS should I croak while Im employed there.

I haven’t told him in case he starts loosening the stair carpets.