To ask how much you have in savings and what you are saving for?

[Watermelonade]

Before anyone jumps on me, this is not a boasting thread. A few years ago we had nothing and felt like we were drowning, so now I am very cautious with money and save, save, save.

I have 8000 which is strictly for emergencies and is never touched.

Then I've just started a holiday fund which has a small amount of 550 in it.

What about you?

About 70k, although that'll go to nothing in a few months. But we'll own our house outright and be totally debt free.

About 100k with DH savings in our main savings account. About 45k in my own account but I am planning on a new wardrobe so most of it is going to be gone by the time lockdown is fully over.

3 years worth of my salary.

£35k jointly with DH. I have about £4K separately. We’re late 40s, mortgage repaid, one teen at uni, one in 6th form. We save every month so we have no debts and can buy things when we need them, put DD’s through uni.

We have about £45,000 plus shares and investments. I have always been a saver.

£850. Started saving a month ago after having a baby. I previously had £4,000 to save for four months rent after the baby so we didn’t have to worry.

I've got £1,000 in an emergency fund that I don't touch. Few hundred in each so far for christmas, birthdays and car repairs and then just under £9,000 in my savings for a house deposit.

About £600k. Once we've finished our house improvements we'll save the rest to help the kids on the property ladder. But the interest rates are appalling at the moment 🙈

I have a lot 25k. Saving to buy my first house.

80 grand from a house sale, about 15 grand in savings, and we're living in a 7.5 tonne truck, bumming around Italy. We teach TEFL online, and have been loving this life now for three years. Before that we lived on a boat, and rented a little back to back out. Lots of different ways to live, we hardly spend a penny, but it feels like being permanently on holiday.

About*

About 90K.
Want to buy a house outright but 90K would buy me nowt.
Will have to keep saving for a few more years.

About 750k

Made alot on house sales in london, am saving this for mu kids futures and possible early retirement.

For those saying don't be too high in cash... where else do you put it? Would you use something like a 40% Equity / 60% bonds mutual fund, so something not too high on the risk profile, or would you put it all in Equities, or a different percentage such as 60/40, 80/20?

What is too high in cash... anything above a 6 months of expenses emergency fund... 12 months of expenses... more?

Zero saves lots owed as lost my job so now just on one wage between us

Enough to pay the bills for about 4 years.

Saving atm for a house deposit. Covid has made us realise that we definitely will keep some aside for an 'emergency fund' (enough to cover 3 months of living expenses) when we do buy somewhere. If we'd bought a house before all this we probably would have put everything into the deposit and been screwed.

3-4 months of living costs. Trying to build it to six months in case of redundancy.

About 90K
Want to buy a house outright but 90K would buy me nowt
Will have to keep saving for a few more years.

Depends where you're looking!

Our savings are for -
Children’s weddings
Anything urgent they can’t afford
Retirement luxuries
Grandchildren (hopefully)
Spending on boat
A years living costs in case of some unexpected problem.
New cars, major house repairs etc

Want to buy a house outright but 90K would buy me nowt.

That would buy a 2 bed terraced house with a garden close to me.

my goal from my youth up, first job in a dr's surgery aged 10, saturday morning, not patient facing but retrieving their records, has been to spend as little as possible.
i have mostly kept to this. but went a little wild a few years back, but not on big cost items, rather in supermarkets, things that might be useful, or were a bargain.
now i have almost no income, not sure how long savings will last, but no one dependant on me, so a habit of frugality is best i think.
i would never dream of getting something i could not afford outright.
eg i have only ever bought a vehicle i could afford outright. cannot see why people over-extend themselves to brand new vast tank-like gas guzzlers, high insurance, that they then struggle to park. it just seems bonkers to me. and totally self-indulgent, childish, and materialistic, and taken in by salesmen consumerism. and a bad example to children. how can we say we can't afford whatever, when they see us carrying on like this. i know a whole generation has lived like this, so cannot totally blame them. but i would hate to live like that. it used to be a shameful or at least deeply worrying thing to be in debt. still is for me. but for so many it is the norm.

Yes you are BU @Watermelonade.

It's meaningless and none of your business.

But as you ask I have a million.

except for the necessity of housing. where some debt in unavoidable.

and i am not talking about people who are really struggling, but those who do have enough, but think they don;t because they waste it on nonsense.