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?

I have a really limited income. I have two savings accounts, one is for a new bathroom, which is nearly there. The other is for UK holidays, days out, or abroad holiday spends. I've spent out of the holiday fund on my GC (sand pits/scooters etc) . But could do a few nights in a seaside place come August, if possible.

When my bathroom is done, i'll start partly saving for a new kitchen. The rest will have to be on finance. I'm mortgage free, so consider it a good reason for credit.

I didn't really have any savings until a few years ago, then I got 'the bug' and really started putting all spare money aside. I have about £100k across various ISA and bonds, and about £30k in a rubbish-interest savings account as 'emergency money'.

I'm doing it as I want a comfortable retirement and my pension pot alone won't do the trick.

None of your business.

HTH.

We (DH actually, I contribute zero but there you go) have about 4 years of his wages worth. Not that that helps you in any way as you’ve no idea what he earns- could be 10K, could be 100K (it’s neither). Sounds pretty rosy but actually if anything were to happen with his job (family business) then our costs to relocate would be INSANE and probably wipe the lot out within a few months. It’s not comfortable enough for me in all honesty but it could (and has) been a lot worse.

We have around a years salary each saved. We're in a fortunate position to be able to have saved that and tbh I think it's callous to wave figures about like it's only hard work that enables you to save - for some people it genuinely isn't an option.

My Dad was militant when I was younger about saving - he didn't have many rules really, but saving for the future he was passionate about. I think it rubbed off - I try to teach the DC about building up and watching their savings so they have something to aim for, but again, they're likely to be in the fortunate position of having parents and Grandparents who've saved for their future, of being handed a nest egg when they're 18 and 21 so they can start their adult lives out of poverty. It's luck, isn't it?

Enough to see us through 4-6 months if dh lost his job. It took a while to get there but when he had a redunancy scare last year it helped relieve the stress a bit.
I also appreciate how lucky we are to have that buffer and we've been in the same situation when we didnt have it and it was bloomin stressful

Enough

I have tends of thousands in a VAT and tax account but that all has to be given to HMRC sob sob sob.... so we can forget that. In fact Sunak had to change the universal credit rules as there were so many sole traders with masses of HMRC money saved up which otherwise would have disqualified them from universal credit but in reality it is HMRC money..... luck Big State......

Then I have some savings but it goes up and down and will all be used on housing for the younger children in due course.

It's pointless. Nobody cares how much random strangers have in savings and half of the responses will be made up anyway.

i feel the same about "how much do you spend on your DC/DH for birthday or christmas" threads!

If i've got £50 to spend, i'm not going to be able to magic into £200 because 3 pages of MNers spend that much! Or if I had 2k to spend and MNers think that is outrageous.
Someone who earns minimum wage is going to have a whole different answer to the director of a large company.

40 odd K, in various places. Just saving for life in general. We're trying for a baby. Wanting to buy an investments property or a nicer place for ourselves and let ours out. Or expand our place. We have a could of investment properties that need doing up so may need some savings to top up that budget.
We're not particularly well off, just like having options.

I have around 3k. I'm saving to update my living room a bit. I was going to have it done by now but as I'm sheilding I can't go shopping for stuff/have people in to do the work.

I want to get a nice desk, some more bookshelves, and a new sofa. My TV is starting to die - it's getting patches of static on it and it often covers the subtitles so I want to replace that too. I also want the PlayStation 5 that's coming out at the end of the year.

£7000 in our joint wedding fund. £600ish each in our personal rainy day/hobbies/holiday funds. I have £300 in a 'mat leave one day' fund which I started in lockdown. I think we will have a baby in the next 2 or 3 years so seemed like I should start.

60k, saved over 4 years. We live really frugally and are saving for our first house.

About 3000... Until this morning when I purchased a new laptop.

We have about 6 months combined salary, plus separate accounts for the children with a little in.

We had a couple of periods where jobs were at risk and we have a big mortgage, it put the wind up us. We now drive a far crappier car than friends and live cheaply and instead have a safety net.

It's a healthy mindset, to aim to save, but a luxury for many. Hoping to pass it on to the children to help them make best use of whatever they have in the future.

Roughly £25,000 in savings. No plans as such for it so just general savings

We always had fuck all. Now we have 50k due to inheritance that is in a never to be touched account. It is in a tiny building society account with a passion and the nearest branch is 130 miles away.
As I have no income due to cv and dh is self employed mighty glad we have that should it be absolutely needed.

Passbook not passion

Up untill recently, drowning in debt. Redundancy for husband meant debt cleared and about 6k in savings. Thankfully he got a job fairly quickly so the redundancy was a lifesaver. We now have a holiday fund and Christmas fund too.

About 20k. My work is usually a short contract we are going to TTC soon so I’m keeping it all in case I have to go onto SMP and use the savings to live. If that doesn’t happen we will get things done to the house and save a chunk for emergencies (had one last year when the boiler broke)

Actually I have a house I own outright so technically I’d have that £70,000 if I sold it, so that 70,000 plus 25,000 in cash available right now.

I’m not planing on selling it though as I use the rest I receive from it to go towards my savings so it tops them up.

No savings whatsoever, but credit card and other debt are minimal (overdraft climbs up to around £500 before payday, but then clears). Obviously it'd be nice to have some kind of emergency fund, but for now that safety net is the £3000 credit limit on the credit card. We try and save but life throws us a curve ball every bloody month - flat tyre, appliance breakdown, dental work etc

rent

Went on a gap year to save money as parents cant assist me but I have lowered funding due to their income.

Goal for the year was 7k but I'm only at 5.3 at the moment and being made redundant in july as they know I'm going to uni.....might just have to delay AGAIN or get into debt with a cc