How much money should you have saved by 26?

[Lottegirl]

I am 26 years old and started a graduate job this year. Before that I have been in education and had 2 very low paid jobs. As a result I have approx. 12k savings.

I am worried that this figure is far below average for others my age.

My second concern is that I will never get on the property ladder. I am currently trying to save about 300 pounds a month...but how is that going to get me anywhere in terms of house buying?

In about a year I should have an increase in salary to around 32k. I am worried I am left behind and have no security.

Any advice welcome.

Hello Lottie

I would like to add that I know alot of people that are alot older than yourself who have not even started saving !

Alot of people say - "I wish I had a house..."

However what they dont realise is that it actually takes effort, sacrifice, working 2-3 jobs, having a plan, long term thinking etc

You are definitely doing the right thing

The day you get the keys to your own front door, will be the beginning of a new phase in your life

Good luck

When I was 26, I had about 30k in debts.
Sounds like you're doing a fantastic job!