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?

You quite literally said that every woman should aim to have at least £20k.

You sound like a fucking lunatic. There's women out there living on the sum of fuck all, and the majority of people don't have spare cash to squirrel away for themselves when they've got kids.

So, not every woman then?

Absolutely speechless.

you funding that are you love?

To be honest I think it is far more sensible for young women to never marry, have children or indeed tie themselves financially in any way to a romantic partner. Genuinely

If I had the capacity to save £20k I wouldn’t be keeping it for myself, I’d be using it for the benefit of my whole family.

But that’s irrelevant as there is a zero percent chance that I’ll ever have that kind of money!

Are you going to give it it them?

”We will do whatever it takes to protect you.” quoth Boris Johnson. Ask him for help, he is rolling in personal wealth (stolen from the taxpayer).

What is it with all these goady threads lately? Is Farage bored?

I think that's in some way what women have been striving for over the last decades. I'm not sure what the point is except to put an arbitrary figure on it.

Yes, I think that would be very sensible to have that much in savings. I'd love to have it to fall back on in case of emergencies. As a single parent it would lift a real weight off.
Now that I'm back to full time work as DC are in secondary and don't need childcare, I'm currently managing to save £150 a month. It'll be over a decade before I accumulate 20k.
I'll very much look forward to having it available around 2037.

My Gran always said she had an emergency fund and in principle I would agree that still stands today.

You have to be realistic in life, but that realism has to extend to the fact that some people do not have a cat in hells change of any savings because they have to make choices like food or heating, they do not have a financial safety net.

I've got - 800! (credit card) completely unrealistic. I work part time with a low wage where does one magic up 20k?!

I know that women's aid list £42k as the sum it costs to leave a relationship and set up a new home.

It used to be recommended that people had three months bill money incase of redundancy.
Unemployment is high and I personally don't think that's enough as jobs are scarce. MW and big cheese.

To be fair @AmusedPlumMember , you didn't frame it as a fixed amount of £20000.... you specified it as at least £20000 in savings. For every woman.

☝️this

I agree in principle, but sadly it would only ever be achievable for a very small minority.

However, I would always counsel any woman who owns her own home - with or without a mortgage - to hang on to it for dear life, even if that means letting it. I know several women who have sold their homes and used the proceeds to co-buy with a husband or partner and they've all regretted it.

I think in this day and age all women should work on the basis of providing as much room for manoeuvre as possible in case they ever need to leave a relationship.

When I was with ex, I used to keep a go bag (for me and the kids) and 2k in cash hidden in the house. I didn't even really know why, but it made me feel safer. It took me 2 years after the split to unpack the go-bag and deposit the cash in an actual account.

I think having whatever you can, somewhere safe, for if you need to get out is sensible.

My split cost me nearly 30k in solicitor fees. Having the money to do that is what got me a fair deal. I am a high earner though, so that was possible for me, despite also being the sole carer for my children. It's the biggest reason that lots of women don't get fair outcomes from divorces.

The amount is unrealistic but the thought behind it is sound. I remember being about 19 & probably not very wise & I worked with a lady in her late 40's who had been through a difficult divorce & I always remember her telling me 'have some secret savings, even if you put away £10 a week, always have something put by'. I thought she was bonkers & bitter BUT I'm now late 40's with a lot more life experience & she eas absolutely right (sadly).

Completely agree. Common sense.

Literally every one of your posts since the OP has been to say something like "Well I didn't mean....", "obviously it depends......", "everyone circumstances are different.......", "I wasn't taking into account women on low incomes/women on benefits/women who are SAHMs and rely on their partner's income........".

I don't think anyone would argue that everyone should be financially independent, but if I'm honest I don't think your solution sounds like much of a plan, if it isn't realistic for the majority of people who are likely to need it.

Yesterday 10k was enough and now this!

I do think we should all have an emergency fund but that might mean enough pocket change for beans and toast. And some don’t have that because their pantry is already bare

The running away fund. I never had access to less than a month rent in advance and the first month rent whilst I had young children
I wouldn’t have had children if I didn’t have it saved first

I fucking wish 😂

second week of the holidays and I’d be checking into a spa hotel ALONE tbh

If I found out my husband had a secret fund of 20k, i'd kill the bastard. No divorce necessary.

Om the other hand, for me to build up 20k, would require finanical abuse and depriving the kids.

So in your world you can’t comprehend that for many people £20k savings would be life changing? Lucky you…