To ask how much you have in savings...

[MakeAHouseAHome]

We have just transferred virtually ALL our money over to our solicitor for our first house. I have gone from having nearly £60k to much much less than that.

I know everyone does it haha, but just feeling un-nerved at losing that nice safety blanket and I will be immediately starting to build it back up again.

Just interested in how much people have in their savings accounts?

Just stretched ourselves and bought a crash pad for DH as he works away/long hours but see that as our nest egg for the future so not much is the answer currently!

Generally we try to keep a minimum of 3 months outgoings in the bank so that we have something to fall back on or if something unexpected happens (albeit we also have various insurances that would cover us too).

We also overpay our mortgage and genuinely don’t understand why some people don’t do this but then have thousands sitting in the bank.....doesn’t make sense to me!

I remember this feeling. I've never felt so poor as when I got on the housing ladder in London.

Obviously I wasn't poor and I knew that really, I had just gotten used to having a fall back that I'd built up!

If we pooled everything , about 10k. In reality what I call the savings £2k ish. Bought a house three years ago and been on maternity leave longer than I've worked whilst we've lived here. So I feel totally skint!! Back to work in a fortnight, Christmas , baby's first birthday then back to saving 💪

Between us DP and I have about 8K. But my car won’t last another winter so I’ll spend 3k on a second hand. The scary thing is that this time last year we had 11K, but needed a new boiler as ours broke and couldn’t be repaired.

£10K savings but last year spent 87K on house improvements.
We're saving to pay off the mortgage next year hopefully we overpay £400 a month atm.
We're in a fortunate position.

Nearly 55k but we've been together 22 years , it was more but we did a huge extension last year. We enjoy life but we are not wasteful.

I had about £40k this time last year (no house) but I haven't worked all year and I've been too afraid to check what it is now. It won't be pretty though. :-(

8Fencinh I believe it's actually that you can't overpay more than 10% of the capital (mine is original, some are remaining). So, my original mortgage was £100k. My monthly repayment is £440, but on top of that I could overpay £10k/12 so around an extra £850 pcm.

£4k but it will go up as we dont have an expensive year in late 2018/2019 and summer 2019 holiday is already paid in full from savings. it would be a lot more but we overpay the mortgage a min of £550 each month and have overpaid by £800 one month.

Middling you lost me at container for soap bits. Think of all the germs breeding in that.
Penny punchers (not you middling) often put wealth down to penny pinching... Parsimoniously telling poor people that's how they got rich.
But drying tea bags on the washing line is not going to make you rich. It's the mindset plus good money coming in.

If you have solid savings, roof covered... And good wage still coming in plus good pension... I'd definalty set aside good spending money every month to enjoy!

£1.26 last time I checked.

Approx 30k in savings but own some land that is worth approx 450k and have some (approx) 200k equity in house.

25k

Oh, and to answer the actual question, circa 6k, 10k in my pension, and then around £45k equity in the house but obviously only the £6k is liquid. I've just added 50% to my take home though so hoping to bump that up a bit pretty sharpish.

I'm two years post house purchase, but also had a car die in that period which knocked £5.5k off the savings. Bit of a lot of money to spend on a depreciating asset but it's behaving really well so far.

When I bought my house I think I had a grand left.

@Fate32 does your land have planning permission or is there a lot of it?

My dream is once we have a house to buy a bit of forest. Just a couple of acres though.

£10,000. Just started saving again after years of not being able to.

Is it just me, or does anyone else's fanny shut tight if a man describes himself as "frugal"?

Around £180k, will wipe most of that out when we finally get stable work and can put a deposit down on a house.

About £40k but about to spend £30k on building work including new bathroom and ensuite. Homeowner without mortgage.

My DH grandmother died in June and he got 15k. We have put it in to the savings account and have paid off the credit card and we are having a new boiler and radiators, and having the electricity updated in the utility room to move the washing machine in there permanently so we have allowed 5k for that and put the rest towards a new kitchen which is sorely needed.

To everyone saying they have 50k odd in the bank, a low mortgage and don't like spending money... Why? Genuinely curious.

We brought a house last year and had a baby a few months later but we've managed to save up about 7k it'll stop growing now I'm working part time but we should be able to maintain it. We have about 5k put aside for emergencies and keep 2k for spending and enjoying ourselves /fixing up the house.
We can pay the bills, save a little and spend a little. Why have all that money if you can't enjoy life? You can't take it with you when you go.

I have about £2500 in an ISA, and about £1000 in my rental deposit (which obviously I can’t access). I have about £1200 on a credit card.

I could pay off the card immediately from my savings but it’s 0% interest for a good while yet, so I’m happy to pay it off slowly whilst increasing my savings simultaneously. It was built up before I began earning more money and started saving properly. If I needed money for something suddenly now I’d rather take it out of my savings than add to my debt. That’s my logic anyway and I’m sticking to it!

Nothing whatsoever

Tin, my dh was beyond frugal when I met him.
He's loosened up loads but that bottom line mentality has helped us through major tough economic Times.

Easily accessible savings - around 25K. Retirement savings - around 690K.