I am 30 and have 3 grand savings

[cessi]

I've just checked all my accounts I have took away the total I have from credit card debt which leaves me to £3400 savings how am I doing for a 30 year old

I did have a lot of savings - then used it all for deposit etc to buy a house and to do it up.

So now aged 40 something with about £3k savings!

Bit of a nightmare now with this Covid 19 thing. Could have done with my old savings account.

I'm 30 and have jointly saved 45k with dp towards our mortgage, plus have 4k of my own savings. We have 2 kids and are currently renting. We wont get any gifts/inheritance towards the mortgage deposit so have save ourselves

Please dont look for justification from Internet random... Everyone is different, we have a high amount of debt but we are on the housing ladder and probably break even if we took the debt away from our assets and cash value... However we're happy and have 2 beautiful children...

My sister on the other hand owns 2 houses outright, hjdays 2/3 times a year normally long haul and has over 100k in the bank.. Difference is.. She hates her husband, once of the children is potentially not his but it is a taboo subject with her and she is generally miserable.. So you tell me who is winning out of us both :)

Anything above 0 is GOOD. Well done

I agree, it depends on your priorities

Life at 30, also looks different to life at 50, 60 onwards if you reach that far

It's good you're getting into the habit of saving and assessing what is and isn't worth spending your money on. I'd agree with putting money into a savings account at the start of the month so you're not tempted to spend it, getting your debts paid off and looking into a LISA if you haven't already. Also really important to look at your workplace pension and make sure you're maximising employer contributions. I'm similar age (32) and having looked at my pension projections am kicking myself that I didn't start paying more in earlier.

I used to have a lot of savings, but spent them all buying my house and renovating it.

3k in savings and having 50% of your mortgage paid, puts you in a ridiculously privileged position compared to most people your age. Surely you realise this?

The recommendations are to have saved 1x your annual income by 30, 2x by 35, 3x 40 etc.
This is purely retirement savings, so you can include any money that you have saved in pension pots in this calculation. If you are saving for a house or a car then that’s separate as it won’t be available for retirement.
You need to save at least 15% of your income, increasing to closer to 20% as you get older. Again this purely saving for retirement.

I'm early 40s with 2.5k saved and 1k on a credit card.

In my early 30s I was lucky to get through to payday without hitting the buffers on my overdraft limit.

It's great that you can save. Most of the people I know live month to month and get big purchases on credit cards. I know very few people with any savings but mumsnet isn't the typical of the demographic that I live in. I only have savings because I took redundancy to get a good payout. I think I had managed to save a similar amount to you and I'm 49.

Mid thirties

House with about 40% mortgage to house value.
£23k saving/investments
Pension
16 year old car worth about £700

Some are worse off than you and some better off. Makes no difference though. Set your own financial plan and work towards it

Everyone should have three months expenses in the bank.

I was three grand in debt at age 30. You're doing ok.

Brilliant in comparison to me.
Married, two kids, renting and savings = minus £17k. No pension, no nothing.
Can't see me every being debt free let alone buying a house.

You shouldn't have any savings if you have credit card debt (unless ts 0% interest) as
it defeats the purpose!

Not strictly true........ your should aim to have three months worth of expenses in savings.