How skint are you ?

[Jbrown76]

Inspired by this thread on Reddit:

https://www.reddit.com/r/AskUK/s/iR5TPqfSR7

Not too bad.

£13,000 in savings. I did have a lot more, so my aim this year is to build it back up!)
£360 in my current account to last until 31st
£117 in my smash open piggy bank (I put £1 in there per book I read plus money from anything I sell on Facebook marketplace)
No debt

-£130 in my current account. £1.01 in savings. A reasonable mortgage of £80k but my DH is the main breadwinner and I haven't worked since 2017 (after a head injury and post concussion syndrome then being injured by an antipsychotic drug).

My parents are well off and are downsizing to a smaller 4 bed to be nearer to me and my family, and will make £250k profit plus any other pension etc they have. They are incredibly generous financially and contributing regularly to our food and generous living expenses had been a Godsend, we'd not survive without.

I also have £800 on credit card and an overdraft so I'm pretty skint but survive. I am very grateful for the help we get and know it would be much worse without my parents' help.

Skint
£20 in my current account (won’t get paid until 31st)
£120 in my ‘rainy day account’ but have been dipping into that the last week
£70 on Vinted account due to come in a day or so but that’s earmarked to pay a bill
£150 in another account but that’s DD15 prom savings account so can’t/won’t dip into that

Seriously? You're the furthest from skint.

Edit: meant to quote pp

Also skint and not skint.

House is paid off so no mortgage so owning a house obviously means equity - and I know and genuinely appreciate that a lot of people don't have that. But that's no use to me - I can't sell it. It's our home and we have to live somewhere and this is where our commitments are.

Disposable income. Nothing. Overdrawn. No savings. No Pension. Owe about 12k between me and DH on credit cards and struggling with everything at the moment. DH owns a small company that hasn't really recovered from Covid and I work freelance in an industry that was hammered during covid and I am still trying to catch up. I have a £3k tax bill to pay and no clue how I am going to do it. The money I put aside for this had to go on utilities. DC both still in full time education (including one at Uni that is swallowing yet more of our money).

We are the living embodiment of the squeezed middle I suppose. Eligible for no help, and outwardly 'sorted' (house), and both worked all our lives, but practically on our knees in terms of trying to keep our heads above water.

Sorry meant to quote @EvangelicalAboutButteredToast 's quite about being skint with 10k in savings

£0 in main current account
£2.76 in Monzo current account

£3394 in debt (mixture of shop accounts and credit cards which I’m working to pay off.)

I do have around £60 on my betting exchange account (I do matched betting here and there) and I got a check from HMRC today for £67.20 which was welcome.

However all bills are paid, big food shop done yesterday. We are NT members so going to one of the NT sites
tomorrow for a day out and taking a (probably very chilly!) picnic. We have around £2k in savings but saving for a house deposit and to get married so it’s nothing really.

I am a newly SAHM - DS2 just turned 1 and I didn’t go back to work after mat leave as we could afford childcare for 2, however I think I might have to go back to work in some capacity because I can’t stand being so brassic.

Got to log out now
So envious of those with savings and food in fridge.
Yea that sounds awful but I work 50 hours a week so I'm fortunate
On minimum wage
Wish my kids could have better.

• £118 in my overdraft until Friday

In my world skint is having no or very little disposable income at all after essential bills. No savings or very little. Struggling to find money for the absolute essentials.

Agree. Eye-opening thread.

£80 in my bank until the 25th, I'm a single parent on £33k, I have a grand saved - I've been ok getting by, but my mortgage deal is coming to an end in March and it looks like a new one is going to be around £190 more a month - DD1 is going to Uni this year and I'm not sure how much help I'm going to get with accommodation costs - I was silently panicking looking at the uni accommodation pages with her - she's excited, I'm worried sick!!

Well, aren't you clever? 😳😒

Surely you can't be that much of a scrooge and like to wind up others who are struggling so much? Your post was a joke, right? 🙄

Thanks for managing to turn a positive into a negative. It’s good for everyone to count their blessings and not take anything for granted. I help where I can.

I’m not. But I’ve been there when the D.C. were young.

Thanks, this has just inspired me and I've changed my direct debit on my credit card to the minimum and added the difference to my savings account, as the interest has just risen on it up to 4.6% so makes sense. I'm not the best with numbers so it hasn't occured to me, especially as rates were so low. It will help me to visually see the savings rise too rather than not noticing the debt slowly chipping away.

Skint but not struggling. I have enough but I earn enough just to cover my costs as a single parent, but no more.

I feel skint, but im happy to be told otherwise.

Single mum. Current acc -£7 till the end of the month. Credit card debt 2k, car loan debt 15k. Another loan debt £380
Rainy day savings 1,5k which i try not to touch. I investments 3k, which are locked away and not accessible. £105 in cash for emergencies (hacked banking system / crash or lost card)

I hate debt and im planning to sell the car this year to get rid of it.

@Sparklesocks how do you get banned from Vinted?! dread

Just spent my last tenner in Aldi.. luckily get paid on Monday and also due a refund from gas and electric company so next month should be better.

Have had Christmas and both children's birthdays since payday.

Have had some interesting food combinations/dinners this week using up fridge/freezer/cupboard stuff!

No savings... currently paying off about £15,000 of debt accrued over unplanned back to back maternity leaves, husband losing his job and me being part time.

Read the room

Personal Acc: £40 overdrawn
joint acc: £1,750 overdrawn
savings: 0
credit card £1,400
pension minimal (sub 10k)
mortgage manageable but fixed rate ending next month adding another £300pm which will push us further into overdraft if we can’t boost our income.

Age 50, married and skint but money is not something I lose sleep over. I am in a very fortunate position of knowing I will inherit a significant sum of money at some in the next 20 years and have benefitted from house price rises meaning we always have the option of moving areas/downsizing to free up money.

My post was to @EvangelicalAboutButteredToast

I suspect those with their 100k+ savings are boomers
Boomer here - still working and paying tax and NI and can confirm I am skint and don't have 100K.

I am one of those 'fat cat' civil servants' o took early retirement (part time) just to pay off the debts accumulated from shit pay for years trying to put two kids through university so they wouldn't be in the same situation...

£73k fucking wtoo hoo !!)

Paid off debts and left with 7k ... and £800 pm .. skinny cat now .. and still have to work to 67 .. as have private rent ..£1309 no social rent for me as I work. ., and then what ?