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How much is in your "escape fund"?

82 replies

AllAroundTheWorldYeah · 25/08/2021 07:57

I know many women keep some money in a separate account just in case things go tits up in their relationship. If you do this then how much is in it and why that amount?

OP posts:
Mintjulia · 28/08/2021 22:05

The only time I've moved in to someone else's house, I had the funds from the sale of my house in the bank.

Sadly I needed them. Sad

AnnieSnap · 28/08/2021 22:05

@Originally

I have half a house, two db pensions and tens of thousands in savings.

But I've always been the rich one in my relationship. I think DH has about £3k in an ISA, bless him.

Unfortunately, for you, half of the assets of the marriage are his! I was even told that if my ‘non-ambitious’, never wanted the extra responsibility of promotion, whilst I worked my socks off, ex-husband could claim maintenance off me. This was because the divorce placed him in a position of not having the lifestyle of which (I provided) he had become accustomed. Fortunately, he had to much self respect to ask for that. He was also entitled to a percentage of my pension lump sum and monthly figure. Thankfully, he preferred that I took on his £10,000 loan in exchange for him leaving my pension alone. Everything else was split 50/50.
AccidentallyOnPurpose · 28/08/2021 22:17

You don't need to hide it though. I just told my husband that I'd like to move some of our savings to my personal account in case I need money and he's unavailable. We trust each other so he readily agreed.

OH started mine when we moved in together. For various reasons I was in a very vulnerable position and completely dependent on him. He said he'd never want me to stay just because I can't leave otherwise. Only made me love and trust him more.

alwayswrighty · 29/08/2021 15:58

You should have your own funds anyway in case one of you dies, aren't bank accounts frozen on death so it could be difficult if everything was in one sole account of the one who dies

If you have joint accounts they're not frozen anymore (used to be). If they're sole the account is frozen. For this reason alone our salaries are paid into the joint account and we transfer out spends.

elQuintoConyo · 29/08/2021 16:02

I have €50 in a jacket pocket. Some of us aren't high earners. "Just" £3,000? Christ!

Workyticket · 29/08/2021 16:06

no escape fund - can see that I'd ever need one with dh.

I have my savings and our savings in my account though and I coukd clear out the joint account quicker than dh as he doesn't have the banking apps on his phone!

billycorn · 29/08/2021 17:15

80K but he does know about this money. The money is in an account in my name only.

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