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'm 35 and my husband is 43 and between us we have around £3k.

We bought a house 2.5 years ago and had saved up £15k for the deposit then.

Does this mean I'm financially worse than someone who has £18k but is renting? I don't think it does; obviously it would be nice to have £18k AND a house, but this will take us a while to accrue.

Do you have a plan yet? I honestly don't no what to do

@NeverHadHaveHas i would say property
but we are Architects so love bricks and mortar 😆

@Yellowshirt

I'll keep saving for another year and see what's about then: I'd like to buy with a little mortgage (or no mortgage) if possible. I know I'm paying rent now but I'm saving on mortgage interest in the long run.

I just don't know what I want to buy or where! Have a rough idea but not in a rush.

How about you?

If you don't mind me asking, what do you term as decent pension?

DH and me could retire at 60 on 20k each. Is that decent? Probably not.

Is that 20k each per annum?

£40k pa of defined-benefit pension starting at 60 is the equivalent of an asset in excess of £1m. That's pretty good going, and would dwarf most of the savings being discussed on here!

I'm always looking at the housing market. I'll probably stay in the midlands but only out of habit more than being in love with the area.

I refuse to buy a property that is lease hold so that rules at most flats.

I'll probably look at a 3 bedroom house in 2 years with no mortgage if possible. There's just no value in 2 bedroom houses even though I'm single.

If the new builds were of a good standard I would get a mortgage tomorrow but the reviews are awful.

@Yellowshirt

I love a rightmove browse - at this point it's a hobby 😂

Yeah I know what you mean about leasehold. Otherwise I don't mind living in a flat.

(I used to own a new build and loved it and had no problems, but I know it's probably hit and miss).

Yes I think we have the same hobby!!!
I would happily have a flat if it was freehold.

We've got enough saved to pay off our mortgage but our fixed rate deal ends next year plus both my DH and I suspect that our job roles may be at risk in the next few months, so we're waiting to see what happens over the next few months.

Both mid 20s and have 10k of savings/investments. We still owe £170k on the mortgage but we overpay and would like to have that finished by 40. Had some large expenses this year so hoping to keep growing our investment portfolio over the next year or so.

We are mid-50s.
Mortgage paid off on £800K house.
Savings are £32K
Pension £140K.

But youngest DCs haven't been to Uni yet.....

£3000+ in current account, plus sizeable inheritance from father which is in premium bonds, ISA and savings account. Usually keep £500 in cash at home. £46 currently on credit card, pay off each month usually.

Am retired with private and state pensions, mortgage paid off 10 years ago when downsized slightly. Car nearly 7 years old so am thinking of new car this year.

I had 50k in an ISA I moved it all into overpaying my mortgage hoping I'd get some universal credit to help with nurses bills and fund out I owe about 200 a year too much to receiver universal credit 🤦‍♀️ at least my mortgage won't go up so much when I move into the new rate

£21k premium bonds
A house I rent out that has about £100k equity
£50k in an investment that matures in April, giving 10% interest.

Age 38. I have a low income though, only approx £20k per year, so I live pretty frugally day to day. The savings are from losing a parent in early life so I felt like I have to do sensible things with it and everything I do is for my daughter's future.

Mid 60s. Mortgage paid off .50k in ISAs.10 k in premium bonds.I used up my small private pension as I retired earlier than I planned as very physical job and absolutely exhausted. and caring for frail ,very elderly relative plus grandchild a fair bit.So it has impacted our finances and security somwhat.DH has a mdest private pension but plans to work well into his 70s as he enjoys it.So won't draw that down for sometime yet.All our friends seem to have more money to spare and holiday a lot more.Sometimes I feel relatively 'poor'' in comparison. The reality is we are far more fortunate than many.We have a lovely home and garden. A close family and we're happy home birds.

It's an inheritance ( from a parent ) £200k . So a good amount but sad reasons for having.
Had it for a few years but nothing really to spend it on.
Never felt the need for a long holiday to anywhere far flung , don't want a new car . Don't need it to pay of a mortgage etc .

42 yo. About 70k in savings and mortgage free house worth about 600k. Shit pension though!

I have more than I should have, since I should be spending it on my own enjoyment. I will be changing that when I get out of this fog I'm in and hope not to end up as the richest old woman in the graveyard.

Had very lean years starting out. Then good years, well I could live and have hols, pay mortgage etc. Then lean years again due to circumstances. Now quite OK but getting tired and older. Must change that stat.

My pessimistic side coming out.

I don't see why people are so keen on leaving houses etc to kids. You earned it, you should enjoy it.

If you've paid off the mortgage, live off the equity until you die, otherwise they're just waiting FOR you to die.

People are richer than they think.

About £50K following a bereavement. It doesn't sit easy on me.

I'm mortgage free and I have £5k saved.

Early sixties. About £1.2m in pensions, bonds and cash, plus about £585,000 in house equity. No inheritance, no family money (very far from it), nothing from partners. Every penny earned and saved on my own, but I did profit from the SE housing market and have no kids. I've enjoyed some of the benefits of a good income in travelling and going part time in my last years at work, but I have modest tastes and no interests in designer stuff or fancy cars. I was able to retire before 60 on a post tax income of c£60k. Before that, I worked like a dog, studied for four degrees and took huge risks in my career. I realise how very lucky I've been, but I'm also Immensely proud of myself. I think that might be the first time I've said that! I'm so used to downplaying my achievements.

As you have no kids to leave it to , I hope you are living a life of luxury now . Enjoy it as it sounds like you've worked to get it .