How much do you have in your emergency pot?

[brownbearbrownbear123]

Modest incomes only please! Kindly, I don’t need to hear that you’ve got £20,000 stashed away for a rainy day. Id love to hear from low/mid range earners please.
how much do you have saved for emergencies?
we bought our home 5 years ago and we seem to be spending any little savings we make on things that need doing to the house, I feel like we’re never going to get anything saved for emergencies and it makes me so so anxious.
im constantly worried that we’re going to be hit with a big repair bill for the house, like new roof, new boiler etc and it fills me with dread that we don’t have the cash in case this happens.
can anyone make me feel a bit better and let me know I’m not alone on this?

1000 and an emergency credit card if necessary

The same

Nothing. I have £450 set aside for Christmas and a credit card i can use for emergencies .

Single parent, 2 dc, going through an exoensive divorce

We had £12k recently but spent a fair amount on our do-er upper house. I'm also currently unpaid as at the tail end of a surprise mat leave 🤣 so just under £5k now.

What are you doing to your house? Ie are you updating and modernising or is it a need? I think its best to save first for emergencies and then when you have some to then make the house a bit nicer. Forgive me if i have it wrong.
I have £1000

I’m in Australia, I have between $15000 and $18000 it varies as I use it for car repairs ect. I deposit $400 a fortnight into it. It has just built up from that.

i would say middle incomes, I am a secondary school teacher earning $90k and husband is a contract manager earning $120k.

our exchange rate is 2 to 1 so my income would be £45k in your money.

we have a small mortgage and 3 children in private school.

2k in savings but I also have 1k on credit card so...!!!

Same here & I have £450 put aside for Christmas & 1 DC birthday, I also have 5k of debt.

About £1000 as like you keep finding things that need to be done in the house that take it away.

Nothing! We also have credit cards to pay off this month and I'm on maternity leave. We can't even afford to buy a pot to put the emergency money in 😅

I bought my house 18 years ago and only this year do I have an emergency fund which covers 4 months of basic living costs (8k for us)

Before now, there was a mortgage to pay, our salaries weren't as high, house needed work, uni needed paying for...

If you can save up for a £1k emergency fund when you're in the trenches, you're doing brilliantly

£5,000 plus an emergency credit card but the savings are really earmarked for an overseas trip in January, so ask me then what I have in savings and the answer will be nothing.

I bought my first house a couple of years ago and I can’t really afford to save much.

About 1k but we have just come out of 4 years of huge nursery bills (over 1k a month).
We also are still slowly updating our house.
I'm trying to get out of living month to month.
We both earn 40k.

I’ve got 300 saved for Christmas (so far). And that’s all. Every time I manage to save a bit up, something comes up that needs to be paid.

Still not where I want it to be.
Spent 10k on unplanned roof repair last year and 2k on the electrics the year before that. Year before that was the boiler (it broke on my due date!) plus the car, too. Ended up selling the car to pay for the boiler!
Savings have taken a battering the last few years!

Just a credit card

nursery life will end in 3 years i guess and can save again then…

3 months bills and expenses and a credit card with a huge credit limit 🙂

What would be useful is the approx age of the person and number of dependants if you want a genuine comparison.

£1000 emergency fund, and another £1000 that was going to be towards paying off our debts (we are doing the Dave Ramsey plan) but is now going to have to go towards some expensive private dental treatment I need 😓

So frustrating, feel like every time I take one step forward we take two steps back.
First it was the car dying a death when we didn't even have one emergency fund so we had to take a loan out to buy a new cheap runaround. Next it was my bloody teeth.

Dreaming of the day I'm debt free, with a healthy savings pot and I don't have to constantly worry.

I did have £900 but my car has today cost me £750….

Currently about £2.50 😆

I have a grand sat in savings but I've a credit card to pay off that's at the emd of the interest free term so it'll be going into that next month, and I'll be back to £2.50.

I've let my spending get a bit out of hand so I need to really budget again and sort it, bonus is I live in a flat so any big repairs are not just mine. I do stress a bit that I don't have savings at times, but all my bills are covered and still got the credit card for emergencies

£90 😬

But we have plenty to cover bills/food shop etc.

I also have about £18,000 available credit spread across 2 cards and very little debt.

In the ideal world 2k and a credit card covers most emergencies. The biggest car repair bill was 3.5k so the savings went and the card was used. I have done that twice now and I'm fairly confident on my frugal recovery plan to pay off the card. Ie but nothing. Use up everything existing before buying new.

A new roof or boiler is too big to budget for and very rare. I'd got a loan against the mortgage. New car would be zero or low interest finance. Even £300-£600 could cover a new white good.

But if you don't have it, you just don't have it. We only fix stuff. There's no decoration etc for the sake of it. Monzo pots is a good way to save up slowly I find

£1000 but £1000 on a credit card and a car loan, so less that nothing......far less.

At least I could sell the car and buy a tricycle.

2,688.02 in my savings account
407.91 in my penny savings ive been doing all year(this cant be touched till next jan)
291.16 in my change pot (been rounding up my transactions since feb)
515.51 for the rest of my christmas shopping.
81 in my pound coin jar
no credit cards

so all in £3983.60 if i needed it

in reality if you asked id probably only count the savings account so about 2.5k