Early-mid 30s savings?

[bestcakebaker]

Those of you around 30-35, how much do you have in savings? I have absolutely no savings at all and I'm 34. I wish I had been more sensible with money.

When I was 34 I had just had my second DC and worked 2 days a week. DH had gone self employed 5 years previously and was working on a client base, but was quite busy. We had to buy a new car that year which took all our savings. It wasn’t till I was about 40 that I could start saving.

@Mindymomo that's spookily similar to me. I had my second DC last year. Currently working 2 days a week and DP went self employed in 2020!

I have a reasonable amount but that won’t make you feel better! Honestly it’s so hard now and the amount were saving is going down each month as the cost of living increases.

Do you save into a pension and emergency fund? If not, I’d make sure you’re paying into your workplace pension and try and save a little each month if possible. Even if it’s just £10 a month it will gradually increase and gets you in the habit. The ‘round up’ function for your spending is also really good.

Mid 30s and manage to keep just over 4k in savings. Its not a huge amount but im glad for that buffer. We had children quite young so they are in school now so feel like we are finally getting there financially

I have less than £700 but that is just from saving £30 a month for a little while. It all adds up eventually. It’s just not possible to do more than that just now.
I also save £20 a month for my little girl, been doing that for longer, plus saving birthday money etc and she now has more than me!

Oh yeah and I recently got Plum! Got about £85 in that & haven't even noticed the money going out as just as few pounds each time. I would definitely recommend

I have 3.5k locked away in an ISA. I am terrible at saving, anything I do save I spend eventually so the only way is to lock it up so I can’t touch it.

32, 2 dcs. We have 4.5k in joint savings but also have some debt which basically cancels that out.

34, we have about 64k in joint savings split fairly evenly between each other but the vast majority is ear marked for DCs' higher education/uni so far. Only about 16k is in savings not set aside for that purpose.

But we also have debt of about 30k from IVF that we are paying down aggressively monthly. The house has equity of about 600k about 50% LTV (very expensive place to live). Pensions are reasonable. It all does my head in trying to know whether we are on track or not.

We saved about 15k which went on our house. Then we saved 10k which we used on mat leave. Now we have 2 kids and no savings at all due to cost of childcare / living.
Although we pay into kids savings each month (not much)
hoping that when they got to school we can start saving again. I panic a bit when I think about lack of savings and the possibility or a rainy day.

I’m 39 and have £15,000 in a S&S ISA that I don’t touch and £12,000 in a savings account, split between 3 different pots; holiday, car and doing up my crappy house

We’re early 30s and have around £35k in savings. We would have more but put quite a bit into a deposit for our house.

We put off having kids until we were stable financially and had bought a house, and were pretty sensible in our twenties. I did wonder if I would regret not spending more and travelling more when I was younger but now I’m really thankful I didn’t especially in todays climate.

I had very little savings in my early 30's, mainly because I bought a house and was living alone so was furnishing it and paying the mortgage on one salary, which left very little to save if I wanted to have a bit of a life too.

I started saving from my mid 30's. Meeting my now DH and then living together and sharing finances really helped to bring down my outgoings and I was able to save a few hundred a month. Then I got made redundant and got a 10k payout which boosted my savings and I just kept trying to add as much as I could each month.

I don't have loads of savings now in my 40's but it's the most I've ever had, although some will be used towards house renovations/new car soon.

Enough to cover a few years with no work or pay the mortgage off.

We both started work late after a long time at uni but got reasonable pay and are both inherently savers.

My husband and I are both 35 and we share all finances. We have around 22k in savings accounts. We have another 37k in company shares but the shares can't be touched for another 4 years.

Mid 30s

jointly about 25k in cash savings and 80k in stocks & shares. We just spend a lots on big project and post pandemic holiday.

also have JISAs for the kids.

my pension has about £200k in although scared to look right now and given length of time until I’ll use it I’m just turning a blind eye

none of this really helps you though, you can’t save what you don’t have. Unless there’s scope to increase earnings or decrease spending? Are you paying in to pension?

Mid 30's - about 10k but around half of that is going towards holidays for next year.

33. We have around 10k joint savings. Expecting this to go down this year due to mat leave and need for new boiler, sadly.

We have a floating savings account of £35k for Christmas/holidays/house decor/repairs.

We have £140k in savings split between PBs and S&S ISAs.

The £140k is all for our 2 DC.

Own 3 houses worth around £650k.

Aside from 2 of the houses, all was an early inheritance from a deceased, elderly, bachelor uncle.

Household earnings of around £85k per year.

33. About £700, but we have just bought a house which took every penny we had. No children, can't afford it. About 20k in pensions.

I’m 38, We save 1.5-2k per month but we have no mortgage, no car payments and no debt. We have a various accounts with long term and short term saving in. But as a pp said, it’s going to help you @bestcakebaker. You can only do what you can do now.

We have £2k and I'm expecting to dip into that at Christmas. But next year hoping to bring the savings up a bit higher.

I have to say though, posts like this are not going to make anyone feel better or make anyone have a real idea of what's good/bad, and is there even any "right" figure to have in to your savings in your early 30's - how specific! People will inherit thousands in 10/20 years from now so does this matter?

I had nothing at all. Childcare costs were high and I was still working part time.

I don’t think it’s that fair to compare, everyone’s situation is so unique. A more practical approach is to list all your essential spending (rent/mortgage, bills, commute costs, food) and then you can work out what’s left. Then give yourself a specific amount for non essentials, and put the rest in savings on the day you get paid! I have the Chase app which has a round up account on its debit card spending. There’s apps which can track different savings pots like holiday, house deposit, etc - if that helps motivate you.

2 mat leaves totally depleted my savings. I’ve got £15k now which is 3 months expenses. I’d like to save 6 months and start overpaying the mortgage.