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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To ask about debt/savings?

126 replies

IanHBuckells · 27/06/2021 12:52

I know these always end up a bit gosst but just wondering how many people really have 3 months net wages readily available in a rainy day fund and if they do, at what point in life that becomes the reality. This isn't about figures as it's relative to income/outgoings so not looking for people to share that they have £xxxxx!

We have about 2.5 months wages in a savings account but that's about to be wiped out by a new kitchen, then we will start again. However, we also have a bigger loan outstanding on our car so in my mind we don't actually have any savings!

Most of my friends are in similar positions - a few hundred quid in savings but nowhere near 3 months wages unless they are saving for something specific.

We're mid 30's and sometimes I wonder if we will ever be proper grown ups Blush

OP posts:
sunflower1993 · 21/07/2021 12:18

My only debt is mortgage and I have around 2.5x salary saved up. I've only been a homeowner for the past 4 months so feel I've done a pretty good job considering!

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