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

I do. But like I said for a long time it never felt enough … and I worried about how long insurers take to pay out in the event of my demise. I’m much more comfortable being a single parent now and not nearly as paranoid as I used to be 😂

Ok yes, that makes sense!

27 & 30, have around £175k but we've been saving ever since we got together and received some bonuses over the years along with having well paid jobs.

0£ and 10k debt 🙃 mortgage shot up from 900£ - 1890£ 2 years ago and that stopped all saving and we had been paying back the debt and we no longer can.

mortgage up for renewal in may so hoping it comes down and we can start getting back on track 😬

Personally, literally nothing. Moved house and used all my savings/ISAs for the deposit. DH has about £30k, and in an ideal world both of us would have £30-50k each to cover unexpected house disasters, health emergencies and unemployment.

Right now? Nothing.

We do ok for money but do live month to month and that's because we dump any spare cash on the mortgage (and a few minor debts) and we'll be mortgage free around the time I hit 55.

Dh looked up his pension plan today and found out he gets a huge lump sum on retirement on top of his annual pension so old age is looking comfortable and that's honestly all I could ask for (well that and knowing ds will be provided for).

Enough to buy another house. We're retired, downsized the house. Still paying university fees for youngest doing his masters.

But at 31 we didn't have that much money.

DH retired and I'm near retirement plus both inherited a little bit so that's made up where we are now.

Mortgage free in small house and 400k savings. Both have small private pensions which, with state pension, should keep us comfortable.

We expect to pass savings over to our kids early to get them a better start and keep some for holidays.

We've never had money until recently.

None, I’m at -7k if we count credit debt.

My DD has a good healthy account though so it makes me feel better because if I drop dead she’s still be financially okay.

Yes around 5k in cash in a safe in my house
I like to look at it some times and smell it 😂

You read wrong 😂
its around 5k in cash

Do you do this 🤣🤣

I get that people are curious, but rarely are threads like this useful.
Some answers make you feel better about yourself, others make you feel worse.
Its basically a comparison thread with a bunch a strangers.
There are no winners.

We have around £8k in savings which has only happened in the last year or so as kids getting older and promotions etc. Also have around £70k equity in the house

Enough to pay essential bills for 6 months

In my 40s. Zero savings, struggle month to month atm. Have put a bit by in my sons account by myselfas single parent. Over £3.5k in there now, protected until he is 18

8k but I'm not in stable employment, om a fixed term contract that's been extended but only until the summer. Likely to be extended again but not guaranteed and not forever. So I can't dip in to it unless I'm unemployed. Luckily DH can pay the essentials if I'm out of work but it's very worrying.

I’m not sure what that is 😂

it’s strangely satisfying having cash - I rarely think about it - I mean it’s not Pablo Escobar levels ( he had lots of rooms filled with cash )
but if I go to my safe to get something passport / watch / then I do think ohhhhh lovely jubly 😂

Does this include equity? If so £150 in savings account and about 300k in the house

Zilch but I'm changing that this year,I'm hoping to start putting away a few hundred a month once I've got some huge expenses out of the way.

It doesn't have to be useful its just interesting and I'm nosy and it's not the sort of thing you can ask people in really life. If things like this make you feel bad you really shouldn't be on the Internet. It has no impact on my life if a stranger who lives a 100 miles away has more money then me. We all have different lives and different circumstances, its not a competition. You have to put things into perspective. Say you have 2 people one grows up in a nice family lives down south is privately educated and in good health. Then the 2nd person lives up north grew up in care barely went to school, disabled physically and mentally so have been in and out of hospital their whole life. The chances are these 2 people are going to have very different outcomes it doesn't make one better then the other its just the reality of life and why you can't compare yourself to others.

Retired, well almost still work one day a week, but have my NHS pension.
We have close to 200k. Would have been more but after retirement we have done a lot of work on the house. And have replaced the car twice. We are all set for full retirement in the next few years.
Once DS has finished uni we will be able to save more and to be fair we don’t have to budget.

I have no savings at all.
I did have 65k. But I put it all into buying my house. I don't regret that.
I'd like to save up again but that's not something that's going to be possible in the next five years.

DH and I have around £100K in accessible savings.

I have a further £80-120K in investments (depending on the share prices, which fluctuate quite a lot).

We have around £400K equity in the house (but a remaining mortgage of £375K).

I can't remember what my current pension value is - but I know my main pension is due to be around £880K when I retire (in 2042).

All-in-all, this is the most comfortable I've ever been, I didn't grow up with money, and had many moments in my younger adult years where I had literally nothing in the bank for the week before payday, and debt coming out of my ears.

Just to reassure everyone though, at 30 we had no savings. Most of our currents savings are from the sale of a business and another property. Although I always saw it as saving but not money we could access.
After selling the business DH retired but didn’t start drawing his pension immediately. I reduced my working hours drastically and we used the money to live off for four years. Then both applied for our pensions.
Most of the savings are not easily accessible so higher interest. We can easily live off pensions at the moment and cover uni costs.
We are a little way off claiming state pension. It would have been nice to have been this financially secure years ago but at least we should be able to cover future care costs so DH doesn’t have the hassle.