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Original poster

How much savings do most people have ?

72 replies

ohshoot · 26/08/2006 23:36

Real nosey question i know, but would really be interested to know how much the average of us has stashed away !
I think i should be saving about 10% of our salaries but never manage it and we are always skint.Am pretty c**p with money-anyone ?

OP posts:
Original poster
ohshoot · 26/08/2006 23:44

Am i the only one not able to put money away regularly ? (feeling the need for some changes now ! )

OP posts:
CountTo10 · 26/08/2006 23:45

i have the grand total of nothing!!!! my son however has lots - i only regularly save for him although I have got a pension. I too am crap with money!!!!

Original poster
ohshoot · 26/08/2006 23:52

Countoten
Thank goodness i am not alone-had forgotton about my rather good nhs pension-roll on retirement ! Hope my dds dont want to get married too soon-no honestly i have a little bit for the kids but nothing for us.If something breaks down or similar im in a real state, and silly really because we both earn good money.Just useless at saying no and budgeting.I know we could cut down a lot, its just a case of finding a day to sit down and organise ourselves.

OP posts:
Jimjams2 · 26/08/2006 23:54

We put some money into ISAs etc- otherwise we;d have nothing We are currently cashing in one at the moment though (work on the house- so useful stuff).

CountTo10 · 26/08/2006 23:54

I totally hear you on that - when we put it all on paper we can afford everything with a little bit of room but somehow we end up in the same position of shit where's our money gone???!!!

Original poster
ohshoot · 26/08/2006 23:58

Well this week is a fresh start for us (again ).Sort out finances and eat a much healthier diet.OOOh , and cut down on the wine !

OP posts:
CountTo10 · 27/08/2006 00:04

and ciggies!!!!

Tiggly · 27/08/2006 01:04

Trying to save like crazy for a wedding in march '08 but have got sweet fa! bum

Saturn74 · 27/08/2006 01:08

About £1.85 in an ISA! My children have far more money than me.

orangegiraffe · 27/08/2006 01:09

Not alot, I like to spend

Marls001 · 27/08/2006 02:36

Hi ohshoot - that's a pretty serious question ... writing from the States; I imagine it's very different; we won't receive pensions ... we're in process of stashing away enough to live on after retirement i.e. allowing us to live at the same level as we live right now - taking a yearly vacation, etc. If hadn't married DH I'd be up a creek, but he's earned everything he's ever had and really knows how to manage money; I'm on a strict household budget every month & every month x amount goes into college savings and our retirement savings. if you have to choose between college and retirement though, choose your own returement; your DSs and DDs can always take out a loan and pay it back themselves in their earning years - or if you've saved well enough, you can help them pay back when time comes. Of course again I'm talking about the States. We 're not notorious savers over here, but I think the idea is to save more here, as there's less government help to fall back on in the future. All I know is it's a big, personal, day-to-day relief, to me, just to know we're planning this way. Hope this helps.

nikkie · 27/08/2006 17:23

I have no savings and no pension, I don't have any spare cash to do either.

RubyRioja · 27/08/2006 17:30

This reply has been deleted

Message withdrawn at poster's request.

iPodthereforiPoor · 27/08/2006 17:42

I just had to transfer £400 ie all of DS's savings to pay off my overdraft - feel like poo.

But, I do know that I couldn't go on being that overdrawn with only a small income coming in - it was never going to get paid back - still feel poo though

TheBlonde · 27/08/2006 17:46

I am a complete squirreler so we have over 6 mths worth of wages stashed away
Quite a lot is earmarked for house stuff etc that we need to get sorted

Could you try saving small to start with? Maybe putting the child benefit money in a separate account?
Coventry BS are offering 7.25% on CB money

prettymum · 27/08/2006 18:09

absolutely nothing!!!! i get enough at the end of the month tp put away but i dont know where the money goes!!!

i think i will put the child benefit into saving account, sounds like a brilliant idea!

sallystrawberry · 27/08/2006 18:12

This reply has been deleted

Message withdrawn at poster's request.

peanutbutter · 27/08/2006 18:17

this is something i'm extremely curious to know but would hate to ask even quite close friends.

i feel a bit panic-stricken whenever i think about our lack of savings. i'm always thinking:- Oh, once dh gets settled into a permanent job we'll start saving in earnest. we have nothing atm.

SewingMadMummy · 27/08/2006 18:51

savings can be a touchy subject in our house also. I am a sahm and dh is the breadwinner. I can just about manage to put a bit by each month. HSBC have an instant access mini ISA with an annual threshold of £3000. I think its great. If you need your money you can get it with no penalties

nutcracker · 27/08/2006 18:53

I have whatever is in the loose change jar.

Scoobydooooo · 27/08/2006 18:55

Hmm not alot would say about £600 at the moment because have had to spen some.

I do however have a DD setup which puts £20 into ds's savings account each month, i totally forgot about it & dont even know whats in there now. I know its not alot but its better than nothing.

Dp is going to set one up to go into dd's account so they both have some money each.

sallystrawberry · 27/08/2006 18:57

This reply has been deleted

Message withdrawn at poster's request.

niceglasses · 27/08/2006 18:57

hahahahahahahahahahahahahahahahahahahahahah

I think I have 2.20 in my high interest savings. As you can see I really need the high interst.

peanutbutter · 27/08/2006 18:59

i'm going to stop looking at this thread.

reading others' crazed laughter is making me feel even more panic-stricken, not less.

I'm going to set up a direct debit. I'm going to set up a direct debit. I'm going to set up a direct debit.

GAH!!

Twiglett · 27/08/2006 19:01

£5,468,958 and 58 pence