To think if you had this sum of money you’d be pretty relaxed about finances? Or am I out of touch?!

[Uuaner]

75k in savings and 150k mortgage on a 600k valued home.

if I was in this position with no debt I wouldn’t be anxious about so many things like temporarily losing employment, having a boiler breakdown, needing a new car… all sorts of financial stress would evaporate.

would you feel the same?

context is my best friend is in this position (inheritance) and is so so money conscious and always panicking about the next thing that may go wrong… even though she clearly has the money if needed?! Am I missing something?

it depends on life stage

if I was early 20s then it’s a great position

aged 60+ it would be quite concerning unless you knew yih had a great pension lined up

dpsnsizing from a 600k house to. 400k one ( to allow for moving expenses ) is a huge shift - so if you did have to to that it would be very traumatic

yes you could be in a worse position but it’s not stress free. a few expenses and a job loss and it’s all
gone

If you choose to be offended every time you realise someone is better off than you, you must spend a lot of time offended.

Depends on what you expect in life

Yes, you are missing her experience. I grew up poor and now am upper middle class, but poverty never left my mind. It is common for people who experienced money issues to always feel off kilter. I don't know if this is your friend, but something in her experience is bringing her a sense of insecurity.

Why would you announce on a world-wide forum information presumably confided in you by your best friend?? Doesn't matter that it's anonymous - it's a betrayal of confidence.

It could be a simple case of living without for so long that she can't let go of it now that she no longer has to. This is often found in people who come into money 'suddenly' inheritance/lottery win etc

The person still has a mortgage. And £75k in savings really isn't all that much. Certainly not if they don't have any kind of pension or retirement savings.

Why are you aware of your friend's financial situation anyway? Seems rather odd to know what someone's mortgage balance or savings account situation is - certainly isn't something I would discuss with anyone except my significant other.

You also aren't aware of what, if any, other outgoings they have: if they have children that is an expensive outgoing. They may have other debts that you aren't aware of.

Different people treat risk and financial security in different ways. They certainly don't have enough for retirement if that's all they've saved up so far. They also still have a payment on a mortgage.

Also, it's unclear why on earth you care about what someone else's financial situation is - it has no bearing on you.

Exactly right - people who have experienced what it is like to be poor and to have to worry about money sometimes do not lose that perspective and sense of concern no matter what money they earn or how much they have. Plus people who are concerned about money and refuse to spend money on crap/junk etc tend to be the ones who are better able to save their money to buy the bigger ticket items in life. It's the ones who fritter things away on eating out/fast food/takeaway coffee/having their nails done/junk clothes/new car loans and leases etc etc who seem to complain about money and not having any.

In my experience many people panic all their lives about money; how to get it and whether they have enough. They scrimp and save and horde, working all hours missing out on their families, and usually die with tonnes in the bank, having missed the point of life.

Sad. Not much you can do if she wants to be like this. Just ensure you’re doing your own thing and enjoy life. It’s too short to be unhappy and tight.

This

Exactly!!!

Your friend should try being in my position and then she'd have reason to worry. I would give my eye teeth to swap with her.

Op I'd be extremely happy with this sum yes!! Enough to buy a 10 grand new car, boiler etc.

The level of judgment being thrown at the OP’s “friend” — real or not — is frankly absurd.
This is exactly why sharing personal and financial details with so-called “friends” can backfire spectacularly. It’s a life lesson: not everyone around you is rooting for you. Some people are just lurking, waiting to turn your success into a source of their own bitterness. People who aren't true friends often show jealousy and envy.

It would sound like she should be ok, but there could be so many reasons. I have a worry about losing everything and becoming homeless, when there isn't much evidence that that will happen. I do have inconsistent income, but I have savings and my mortgage is paid off. It's how I've always been, and I get stressed at the thought of spending money in case I need that money later. So it could be a mental health issue like I have.

It's easy to find yourself out of work for six months. If you've a mortgage that high and maybe car finance etc, and a house that big, I can imagine the money rapidly disappearing. Obviously it should last you longer than six months but your friend may want to have a safety net in case she ever became ill and couldn't work for any reason.