How much do you have in savings?

[kiana2015]

As we are practically all anonymous I don't see this should be an issue with bro g honest. I've never really felt the need to save much, lately I'm starting to regret that, luckily I'm still under 30. No idea what a 'reasonable' amount of savings would be considered

Aim for three months expenses as your first goal.

Ok that doesn't seem hard to do I guess

33 and i have about 2.5k saved. It's not much but it's growing every month.

Absolutely nothing. We just live month to month.

Currently £10k but that will soon disappear once the builder sends his invoice.

£10,000 in cash savings

But a mortgage of £130,000

I'm a single parent so struggle to add to the savings so try and keep what I have and not waste it on anything

Nice to have a bit of a cushion

Some months I'm down on money other I'm a bit over so try and put it back in my savings

About £105,000 in savings. We’re both 31.

A lot, £350k approx but we aren't far off retirement.

Clearly it depends how old you are, what stage of life you are at and how much you earn. In my 20s I was a student so had a low income and no savings but rented and had no responsibilities. Now I'm in my 50s I have substantial savings but I earn well above average, have a significant amount invested in our house but also have 3DC so large outgoings and lots of responsibilities (got University to pay for soon).

I’m 48, DH 49. I don’t have any savings but we are hoping to pay off the mortgage within the next 12 months.

I should add, we have saved for our daughter. I think she has about £8k (she’s 12).

There's no reasonable amount, we all have different circumstances. If you click on the similar threads below you'll see this question is asked a lot, you'll find 100s of answers.

when employed it was paycheck to paycheck, (as we were told it was pritty much an essential role we was doing for the company) redundancy has gave me some but its made me realise in my next job i need to save more

Nothing. We live month to month. I'm 28 and Dh is 41

Just over £1000.

£70k age 38

But I don't own a property, car or anything of value

It's all a bit hard to pin down too. Are we talking just short-term savings - what might be in a deposit account for holidays and home repairs. Or are we including long-term savings - some people will have money put by which they don't intend to spend for many years.
In which case are we talking cash ISAs? ISAs for shares and investments? Pensions?

I'm 38 DH 56 and we've got nothing. Month to month here as pp's have said

And whether you own or are ever likely to own your property. I only have 2.5k in savings and am 33. But I rent so this worry me and I'm stuck because rent is so high. If I was paying the same amount in mortgage I'd be less worried re savings (though I guess more worried about whether something like boiler/roof was going to need replacing!)

Nothing. I’m 50 and he is 64. Mortgage still being paid off.

$14000 in the emergency fund.

but then prob another $10000 in the bills/holidays accounts.

$20000 redraw on the mortgage.

I add $400 a week to the emergency fund but then it gets used when needed for things like new fridge, car repairs ect.

Not much. But I have a couple of investments. It doesn’t seem like good financial sense to have a load of cash in the bank tbh. And at 30 I had nothing but debt!

Mid 30s and a lot, mortgage free & close to half a million in investment accounts.

This is only been in recent years though, our twenties were very different with lots of risks/sacrifices that paid off financially, but have other implications.

Enough to live on for a year if we needed to.

And pensions.

But we also have a stinking big mortgage but quite a bit of equity.

We are in our 50s and it's taken until now to build up a nest egg as we used to be hopeless with money.

I’m 35 and DH 45

we dont have much in savings around 7k because we invest all our money In properties.

we got 3 houses in oxford, london and cambridge (including our main house)
and 2 flats in spain. I dont like keeping a lot of cash.
Our main house and flats in spain are mortgage free. The other 2 houses still on mortgage.

we dont put much in pensions, because we thinking we will rent out our properties for our retirement income.