To think every woman should have at least £20,000 in savings she can access independently?

[AmusedPlumMember]

I’m going to be quite direct here.

I personally think every woman should aim to have at least £20,000 in savings that she can access independently, whether that’s in an ISA or another account. For me, it’s about having a level of financial security and not being completely reliant on anyone else, even in a committed relationship. I know that won’t be achievable for everyone at all times but as a principle it feels important.

AIBU to think that’s just sensible or am I being unrealistic?

How do you propose low income women achieve this?

It’s sounds great, but for many it’s just not achievable. I’m lucky if I have £20 left at the end of the month.

Lovely thought, not possible for everyone

I don’t think it’s something that would be achievable for everyone straight away, especially on a low income. I see it more as something to aim towards over time where possible, rather than an expectation that everyone should already have it.

Thats above the UC entitlement limit and higher than a lot of peoole earn in a year.

You sound out of touch.

Unrealistic.

Completely unrealistic. I think women should try to ensure they achieve sufficient qualifications and a career before having babies though, so that they are able to support themselves if needed and dont become 'trapped'. Any amount in savings will eventually and quite quickly disappear if you don't have the means to replenish it.

She can.She just needs to save it. Sorted. ✔️

Surely £50000 maybe £100000

Fuck it, every woman should have a million quid lying around and if you don't , youte doing it wrong

So no women would be entitled to universal credit?

sounds great if the whole nation can achieve that kind of support but feels a touch unlikely don’t you think?

Do you think men should have the same?

I'm all in favour of people having access to independent savings, but tbh, my DH would be more in need of that kind of buffer than I would because I earn much more than him.

Regardless, it's wildly unrealistic for many people. There are lots who wouldn't even have access to £200 in a crisis.

But as a general principle, yes, those who are lucky enough to be in a position to be able to save should certainly do so.

You may as well say that everyone should aim to have £1 million in savings.

Yeah, it's good for people to have an independent savings pot.

Putting a figure on it that is well above the average amount of savings people have in the UK is just displaying an ignorance towards how much money the average person has or is able to save.

That’s not what I’m saying at all. I’m talking about having a personal financial buffer where possible, not suggesting that everyone should or could reach the same level or that support like UC wouldn’t be needed.

Well yes surely the ideal is for every woman to have access to her own money, be financially independent of their partner and free from financial abuse.

In reality how a woman can make or ensure that happens is far more complex. The majority of individuals and families are just not in a financial position to make savings, particularly in a cost of living crisis, with soaring housing, food and fuel costs and underfunded childcare.

So your post reads as a bit goady?

Yes. I do think the principle applies to everyone, not just women. I mentioned women specifically because of what I was always told growing up but I agree that having some independent financial security is important for anyone where possible. And I get the point that it’s not realistic for everyone, I see it more as something to aim towards if your situation allows.

UC upper limit on savings is 16k
Many single or disabled parents need UC to balance the books at the end of every month.

Many working 2 parent families need this to do the same.

I became disabled in my late 20s. I had a professional career before then. I dont know how I could even if I now had that income have "just 20k squirreled away"

Plus surely if DH and I were to divorce it would be a joint asset anyway?

You sound completely out of touch with the real world.

I do understand that and I agree it’s much more complex in reality. My point was more about the principle of having some level of independent financial security where possible, rather than suggesting it’s straightforward or achievable for everyone. It wasn’t meant to be goady, more just something I’ve always been told and wondered how others see it.

I think it's completely unobtainable for most women.

I think you're wildly unrealistic

Yes, why not. The government should give everyone £30,000 when they reach the age of 30. No benefits for a year. Let's see who makes it ...

Although that might be the script of a dystopian sci-fi film.

Would you not rather spend that money on your family instead of keeping it for yourself?

Lol yes OP.

And soft boiled eggs should be runny.

What exactly is the point of this thread?

It is ludicrously unrealistic and the kind of thing someone would say either without thinking or because they are not very intelligent.

🤣🤣🤣🤣🤣