... to ask how much money you had saved by age 30?

[Izzygrey]

Just that really. Turned 30 last month and feeling a bit crap about the amount of money I have in savings (around £3k). Is this normal? I only started properly saving recently (when I had a sudden "I'm 30 soon and I have no savings!" panic). I'd had a big saved before but dipped into it regularly for treats! I don't know why this has suddenly struck me - I think because I'm no longer "in my 20s" I feel like I should suddenly act like a proper grown up! Curious to sort of gage my situation (as well as hoping for reassurance - or worst case scenario to find out I'm dramatically behind most people which will hopefully give me some motivation!) Thank you!

About £12k when I was 29. Then I used £10k as a deposit on a flat so had about £2k when I was 30.

Absolutely zip.

But we have a mortgage and two kids so...

I'm 31, have a flat with about £100k equity. Bought in 2008 with a 100% mortgage because I couldn't afford the deposit on a rental. £3.67 in the bank and about £40 worth of boots points collected.

I had none. Now at 42 I have 30k. Your lifestyle changes as you get older and therefore can save more so I wouldnt worry just yet.

At age 30 I (with DH, so split everything 50/50) had bought our first house outright for £285k and had £120k in savings. No inheritance, just savings from a decade of a fantastic work opportunity that came up for the both of us.

Five years on and we now have a mortgage (house move for schooling!), equity of about £400k and savings of £100k. We've slowed the saving down, as we've chosen to both go part time to manage DD's childcare between us.

We have 1.5k (I turn 30 this year) but we did buy a house last year which wiped us out and we are paying full childcare at the moment. Will get frww hours next year so will be able to save more then :)

I am just at some of these! £400k by age thirty! Even assuming that two people have both saved since age 20, so a total of 240 months of savings, that's an average of nearly £1700 saved per month EACH.

What jobs were people doing at such a young age to be able to earn sums which allowed them to save this much?! I feel like I'm seeing a whole other world of people on this thread, it's amazing.

I'm 28 and I've got fuck all.

I am a single mum though so there's not a lot of spare cash. I have a small ISA for DS that I will gift him when he's an adult.

My financial situation has recently improved slightly so once Christmas is out the way I'm going to aim to save £100pm in a long term account. I'll probably be working until my 70s at this rate.

None, and still none at 40. Trying to pay off a large mortgage

Most people won't have £400k saved by 30. We had 3 lovely babies by 30 (and 2 later) instead and school fees and childcare costs and a mortgage ergo little money spare at all.......

Lawyers in London in good firms start on about £40k at 22 and about £80k when qualify and can be £108k when 3 years qualified ie. at 27. If you are two lawyers together in a couple with no children and work from 22 - 30 living very cheaply eg with parents or sharing a room in a shared house even given the fact tax you could save a fair bit. The state would be taking about £40k a year from you in tax on your 108k but that still leaves about 5700 a month assuming no student loan x 2 in the couple = £11,400 a month and you can probably live with parents for nothing for a few years or share a room for £1k a month so you can see how you might save £10k a month or about £120,000 a year or more likely £100k a year if you are very careful with money and put off babies until you are over 30 so from 27 28 29 that would alone be £300k.

This is why I encourage people to talk to their teenage girls about pay as far too many women pick very low paid work they are stuck with for life.

None.

Never had any savings by the age of 30. Only at 33 I thought "my civil service pension will be very small. How do I live on that?" and had some panic and opened an ISA. I had a salary of about 24K, was married to a man earning much more so my proportional contribution was not big, and that enabled me to save some money. Husband resented my savings.
I squeezed about 9K by the age of 36 and needed these to extend the lease on the flat.

Saving is good in principle as a wise habit. However, it is unachievable for a lot of people since salary increases don't catch up with inflation etc.

I’m almost 30 and have 45k. 25 of which is from inheritance. My job isn’t highly paid but I started working at 15 and enjoy saving money!

Really interested in those people who don't bother saving and would rather spend it on living and experiences etc... Do you not worry about the future? How you'll cope of you lose your job? This is the 10 year anniversary of the financial crash and I've been reading about the various ways people's lives were ruined, they lost EVERYTHING. I'm terrified of that and my savings goal is a year's salary to cushion me in case of a catastrophe beyond my control.

29 and have 0.
Terrible really but was in and off ESA for a number of years.

Having no debts and saving £1 a week puts you above a lot of people, as long as your putting something away and your financially stable then I wouldn't worry, a lot of people dont have a lot of money unless they have inheritance or are slightly older. My mum and dad had nothing when they were in there 20/30s and put everything into there mortgage and now in there 50s they have saved loads and have 5 properties

I’m 32, got about £25k in savings and £200k equity in house. I’m a high earner though, no inheritance nor will I get any.

I’m 31, no idea why I just added a year

At 30 we had about 25k, but then bought and did up our first home! Currently have about 7k (31). We never let it fall below 5k, which is 3 months income for us, we always want to have that safety net.

Zero. Age 42 and still zero, in fact -7k.
Do have a lovely house and mortgage only 15 years left to go, so this keeps me going.

No idea how people save £££ by age 30. I'm obviously not earning enough!

Between the student debt, post credit-crunch shitty salary, and London rent... fuck all.

3 years later... still fuck all.

I'm glad I'm not the only one!

Saying what happens if loose job etc. Well what if you just don't have the extra cash to save....some of us have no choice. All our wages go on food, bills 2 x children etc etc.

Don't know at 30, but at 26 when we moved overseas Dh and I had 20K in the bank. That was nearly 25 years ago.
No inheritance - savings came from working and some cash wedding presents. We attended university when there were no fees ( I had a full grant) and both graduated with no debt.

MrsBlondie

I wasn't talking about people who literally have nothing to save, I was talking about the people who choose to spend money on stuff and holidays and have nothing in savings. There were a few posts along those lines in this thread.

A lot. Then we bought a house and had two dcs. Now I have about £5,000 and no pension... which reminds me I need to look into personal pensions today.