to ask, if you're under 35, how much do you have in savings?

[Flangelica]

Bit of a CF question, but I am just wondering how good/bad to feel about my current savings. Considering a move back to the UK but very unsure of what level I'm on in comparison to people my age in the UK (I'm 33).

If you don't mind letting me know it would be really helpful! If not, thanks anyway.

Thanks so much for the information!

I'm over 35 but I have millions and millions. Could even be billions - I haven't looked today.

If you don't have at least £10m saved up I wouldn't come back, OP, you'll be on the bread line.

since you won't say what you have but want everyone else to

I’m 34 and have £15k on savings from a redundancy pay out. If it wasn’t for that, I would have very little in savings.

Millions

OP must have a very large sum of savings to not want to tell us...funny but I think she just wants to gloat to herself about how much she has compared to others.

34 and we have around £30k in savings and £120k equity in our house.

I would want to have more in savings if it wasn't for the equity, but we are prioritising overpaying the mortgage at the moment rather than saving more.

32 and I have a savings pot with half a years wages in that doesn’t get touched and another miscellaneous savings pot that I use for Christmas/holidays/birthdays so the balance goes up and down periodically. I try to put £100 minimum in a month.

YABU to ask others to share but not be prepared to share yourself.

Agree. Don't be asking other people a question you are not willing to answer. I don't care about previous threads.

I don't know how this helps, surely depends on circumstances, not just age?
I'm early 30s, DP a little younger. I don't want to be exact so 6 figures in savings, but also put a good amount into investments (rentals and shares) since savings just seem to stagnate, especially with current interest rates. That is joint between 2 of us though.

So I'm not a good example because I've just had some inheritance.

Prior to that I had about £10k between my husband and I but with the whole 'it should be 3-6 months outgoings' that didn't feel enough. Now I have more but it's because of inheritance, couldn't have much more than we did otherwise.

Mine is really depleted after mat leave but when I get my bonus it will be topped back up to 6 months worth of outgoings, which is the level I feel comfortable with. We have loads of work to do on the house so any amount above that will go towards the house.

I save a lot into my pension (the annual cap) and also have savings accounts for the 2 kids.

Really bad form to expect others to share when you won't yourself. As you're worried about being accused of stealth boasting I think it's safe to say you have a lot.

I'm 36 and have £0. I'm a single parent on a low income so just haven't got the spare to save. If I ever do manage to save it always gets spent on something like a new fridge, hoover etc.

31, no kids.
We have a year's salary saved up - about to go on a deposit/stamp duty etc for our first home. Then I have ~ £30k left over for emergencies etc. I'm trying to build back up to a year's salary again before thinking about kids.

I'm really concious about saving now, DH was made redundant at the start of COVID and unemployed for about 18 months.

Thanks for sharing everyone, really appreciate it 💐

And yes, I think COVID was such a wake up call! Crap at saving pre-COVID, now much more focussed!

Over a year's gross salary, less than 2.

But my friends and I don't compare savings so I'm not sure how your question will help you judge where you are comparatively!

£0.00

About 4K in premium bonds but have equity in the house. I'm 26.

I’m early 30’s and we just spend nearly all our savings on buying a house. I’m on mat leave now so won’t be building up again for a while!

Where I live currently, my salary is the same as what it would be in the UK, but cost of living much, much lower. So I am wary about moving home to suddenly face the same salary with much higher costs! Savings is my safety blanket, I figured if I have a similar amount to others than it's doable.

Diddly squat
36 and nothing to fall back on

£160......

I'm 29 and we have a 50% LTV on a decent sized family home in the South East and probably have around 6 months expenses in savings.

LTV will go up next year when we remortgage to release equity to do some home improvements/pay back a family loan.

We have a decent disposable income leftover each month however we've definitely been a bit more loose with money to book experiences etc that savings are not going up much at the moment, which is fine.

I’m 35, single with no kids and earn about £32k a year. I have just over £100k, saved about £40k myself and the rest has been inherited (In recent years I’ve been left money from both sets of grandparents plus a parent). I don’t own a house so expect to put most of that into a deposit if and when I decide to buy and will then need to start saving again from nothing.