I am 29.
I have 1 child and 1 on the way. In a happy relationship but not married and separate finances due to him having personal debt history which is still ongoing. For same reason we have no joint savings (yet) but hopefully will in future.
I own a property which I have 100k in. The mortgage is 130k which I pay off £1000 a month. Fixed rate. Will be cleared by time I'm 45 years old.
I rent the property I own out for £1500 a month.
I live with my partner and child in a property that we rent. I pay £750 a month. Partner pays other £750.
I own business and earn around 50k a year from this business.
Currently I have 5k in savings.
No pension. However I view my owned property as my pension.
....
Seeing as no one really discusses finances. Interested to know if you think my situation is good/ bad/ okay for my age/ stage of life.
And if there's anything you think I should be doing to better it ?