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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

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

169 replies

Flangelica · 04/07/2022 11:22

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.

OP posts:
hellosunshineagainx · 04/07/2022 12:44

£100 as we just spent all ours on a wedding. Also bought a house 18 months ago. Hope to build it up to three months outgoings so around 6k and then anything above that we will invest or use for home improvements

WhileMyGuitarGentlyWeeps · 04/07/2022 12:45

Albgo · 04/07/2022 12:42

Oops - I just did the same thing.

Show quote history
Grin
QuirkyTurtle · 04/07/2022 12:46

I moved to the UK at age 26 with approx £6k in savings. Never had any issues.

I'm now 30 and between my fiancé and I we have approx £110k in cash plus the equity on our house in the SE.

NC12345665 · 04/07/2022 12:46

Flangelica · 04/07/2022 11:36

Do an 'advanced search' for other threads like this. When the OP shares they are usually told they're stealth boasting (if they have a lot) or being insensitive/thoughtless if they don't have much and say that it's not much, by people who have less and so then feel upset.

This is a genuine question as I am considering a move back to the UK and am not wanting to accidentally start any MN drama, I know what AIBU can be like!

Feel free not to share, as I said.

Show quote history

Why are you being so cagey? Hmm

LazyJayne · 04/07/2022 12:46

OP, it’s clear that you’re looking for the reassurance and satisfaction of knowing you have above average savings, it’s fine, just own it and drop the sickeningly sweet “thank you sooo much for your input everyone it’s sooo appreciated 💐💐” act 😂🤣💐

Snowhite90 · 04/07/2022 12:49

I'm 32 and have 14k in savings

Diablocircus · 04/07/2022 12:49

£22k in savings, DP has about £35k.
We have £100k equity in our property.

I now work part time so the ability to add much to my savings has significantly reduced. I now save a maximum of £100pm.

Diablocircus · 04/07/2022 12:50

I’m 32

Bonjovispjs · 04/07/2022 12:50

I reckon OP has exactly £62,851😁can't tell her what I've got though as I'm over 35.

NamelessNinja · 04/07/2022 12:52

Late 20's, we only have about £5k in savings at the moment, although another £4k in children's accounts we could raid if desperate. But have very secure jobs, a lot of equity in our house and two small children in childcare so not a lot of opportunity to save at the moment.

AnnaFF · 04/07/2022 12:53

LazyJayne · 04/07/2022 12:46

OP, it’s clear that you’re looking for the reassurance and satisfaction of knowing you have above average savings, it’s fine, just own it and drop the sickeningly sweet “thank you sooo much for your input everyone it’s sooo appreciated 💐💐” act 😂🤣💐

Why are people replying?

Emotionalmotionsicknes · 04/07/2022 12:53

14 thousand but it’s my husband who saved that, I don’t bring in much and I’m not money minded at all.

SpaceFarce · 04/07/2022 12:54

About £20k in the bank. Saving for a house (currently in an apartment). I’m 30, DH is 34.

NC12345665 · 04/07/2022 12:55

AnnaFF · 04/07/2022 12:53

Why are people replying?

Show quote history

People love to brag even to Daily Mail journalists

Somethingsnappy · 04/07/2022 12:57

Flangelica · 04/07/2022 11:29

No, I'm not saying because whenever i read threads like these, the OP gets ripped apart for 'stealth boasting' if they mention their figure!

If you don't want to say then feel free not to!

If you think it will be seen as a stealth boast, that sounds like you consider it to be quite a reasonable sum. There's your answer perhaps!

dearhummingbirds · 04/07/2022 12:58

DP and I are 31. Have about £30k in savings, which hasn’t changed in a year or so as we’ve been renovating. About 250k in equity. No other debt other than student loans.

Newmumatlast · 04/07/2022 13:04

Flangelica · 04/07/2022 12:18

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.

I wouldn't base it on that at all. You can't say if you have the same savings as others you'll be ok with the cost of living as it depends on the salary those people have (their savings are after they have spent outgoings from that salary and they may or may not be able to live off of the savings if needed). Also depends on where they are in country and cost of living there as can vary hugely, if they own property or not and what specific outgoings are I.e. if they have kids but free childcare from family you may need more than them if you have kids but no free help.

I just never understand how this sort of thing is at all useful.

turquoisebuttons · 04/07/2022 13:06

At your age I had 35k but then I bought a house. Now have about 5k.

TiddleyWink · 04/07/2022 13:07

Flangelica · 04/07/2022 12:18

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.

If this thread is real then this is one of the silliest statements I’ve ever seen on MN. What other people have saved up bears literally no relation to whether your savings will be ‘enough’ for you. If you find you can’t pay your bills, your creditors will be entirely uninterested in what other people have in their savings compared to you. What matters is will you be able to support yourself with a reasonable emergency fund/safety net. So you need to consider your earnings, outgoings etc. No one on the internet can answer that for you.

But something tells me you know that perfectly well.

Butchyrestingface · 04/07/2022 13:08

Can't wait to see the Daily Mail headline in relation to this thread wot was definitely NOT posted by a journo. Grin

MassiveSalad22 · 04/07/2022 13:08

This reply has been withdrawn

This message has been withdrawn at the poster's request

mam0918 · 04/07/2022 13:10

Dont know exactly, I would need to check but at least 11k definately less than 20k.

Im a saver though and can save about 1-2k a year usually.

The plan is to use it as a deposit if we ever find a suitible affordable house but with the market being crazy and us really wanting a 4 bed (most houses here are 2-3 bed) that hasnt happend.

AverageJoan · 04/07/2022 13:14

I am 28 and have about £2.5k in savings at the moment plus a house with around £40k in equity but that's irrelevant because I don't intend to sell it (renting out and currently living with partner). Going on maternity leave soon so trying to build up as much as possible before that. Partner (31) has around £10k at the moment, massively depleted as just bought a house for us so in the process of working that back up.

blueshoes · 04/07/2022 13:14

I am guessing this thread will be skewed in favour of people responding who have lots of savings.

Yoooooogapinkpants · 04/07/2022 13:15

£1,000
bought a house last year and legal fees, moving costs and furniture left me with £1,000.
Am 34. Will now aim to get my savings back up to £3000

I save £75 a month in an isa for baby.

I am married . DH has about £5 k for emergencies .