If you are mid to late30s or early 40s, how much money do you have in the savings?

[Homeiswherethedogsare]

Sorry not interested to hear from those who have inherited big family wealth and huge deposits for their homes as of course that makes life much easier.
But if you have a “normal” job and maybe DC, interested to hear what is your financial situation? How much money do you have saved and what about pensions/mortgage etc

I’ll start: DH and I are late 30s, we live in London and have £8K in savings only. This is mainly because we have bought our first home last year and have spent almost all our savings for the deposit and solicitor, stamp duty etc. Have a huge mortgage (£470K) although a small and modest home because it’s London. 1 DC in school, still pay for a bit of wrap around care but nothing compared to the full time nursery bill we had for years.
We didn’t have any family help as we don’t come from wealth.
Own an old car outright.
Both have private pensions with work but only started these 8 years ago or so.

I’m mid 40s (DH is older). 2 kids secondary/primary age. DH working part time on a contract, me (almost) full time. Much smaller mortgage than you (not London) and hoping to pay off a chunk when we renew in a couple of years. Won’t say exactly how much in savings (under 50K) but am going to use some for a garden office, so that I can further reduce my main job over the next few years and focus my earnings on my side hustle. I’m setting myself up to work (for myself, at my convenience) well into my seventies, although I’m aiming to pay mortgage off early 50s.

£500

Around £38000 but need to spend a good chunk of that on the house. Single, much smaller mortgage.

We are late 30’s/early 40’s, 2 dc, we have approximately 134k between savings accounts etc but that’s because we sold a property and made a great profit. We have just paid 60k off our mortgage this morning (the 134k is tied up in other accounts that we cannot touch yet) and some we have kept in easy access cash accounts. We also have about 22k in shares. We earn about 140k between us and save 2k per month. No childcare costs as dc are 10 and 13.

Partner and I are late 30s and have around £120k between us, BUT… most of that is partners equity from his house when he moved into mine so when we buy a bigger house a massive chunk will obviously be spent. My personal savings are around £20k and again there’s a but, a large chunk of that was purposeful savings for my second mat leave so again that will be eaten into imminently. Similarly to you I don’t have any family wealth and not a penny given to me from anyone else, also we have two small children two and under

About 600k.

We have £4k but that’s our savings to buy a house (we recently started putting the money aside). I have another pot that usually has around £500 to cover things like car repairs, replacing an appliance if needed, etc. We have one DC and rent privately. Pensions are shocking but I’ll buy a house first and then sort those out. The future looks good due to my work situation but we spent years scraping by.

No family help here either and we both moved out and started paying rent from age 18/19. If anything we have to send money to our parents to help them, rather than the other way around!

Can you provide context? It’s a lot to have in the savings if you don’t have family wealth behind you!

DH and I could access £100k if needed, a mixture of ISAs and regular savers accounts. That doesn’t include pensions. Both early 40s, no inheritance on either side.

Forgot to say ours is excluding pensions and we had no help.

Late 30's, soon to be 3 children, older 2 are still KS1.

Between DH and I we have about £75k in 'accessible funds'. The children have about £5k each in investments. Mainly because we just sold our house in the south and bought a much cheaper (yet larger) house in the north. Prior to that we had about £10k total between us. I saved a lot before we met but it went on the house deposit, the £10k is what we've managed to save since buying. Lots of random spreadsheets about overpaying on the mortgage vs putting it in investments. Go round in circles a lot.

Mortgage is currently around £250k. DH has a decent pension, me less so. I didn't prioritise it when younger (wasn't intending to have children so thought I had time, 3 mat leaves and working pt in between was not the plan, whoops!). To match what the OP has written we also have an old(ish) car we own outright.

The new house has a few things it "needs" doing to it, and quite a bit we'd like to do. So currently tossing up between how much of that savings should go on renovations etc. Or if we do the necessary bits and live with the rest for a bit.

Oh yeah, I have a decent DB pension, DH not so much…

£700.
Single parent one child, minimum wage job, no child maintenance.

About £5k all told. We bought a house 3 years ago, in that time we have redecorated throughout and had the kitchen redone, and any spare we've had has gone towards overpaying the mortgage.

I’ve just finished the Rebel Finance course online (free, highly recommend it, although the current course is being taken down now in preparation for the new live course starting in June) and have paid off any high interest debt, built up a cash emergency fund of £15k and am now focusing on building up my stocks and shares investments both for use in around 10 years (when DC will be the age when they may decide to go to university) and for my retirement probably around 10 years after that.

I have around £30k in S&S ISA but am now aiming to invest around 25% of my income to try to grow that. I wish I’d been able to invest more in my 30’s to get more benefit from compounding over time, but 2 maternity leaves and then nursery fees combined with reducing to part time hours has obviously impacted this massively.

One thing I’ve really got out of the course is to take the time to figure out what you really want from life in the future, this has really helped to focus me to think about what I want my life to look like and what money and/or free time I might need.

Zero savings (all spent on house renovations in the last 2 years) 😭

Mortgage £200k. House value approx £400k.

Decent (ish) pension pots I guess but still got 20-25 years left to work.

Both in our early 40s.

I’m 46, single parent. Have 90K. Not a single penny inherited or given. I’ve made choices to keep my outgoings low. Live in a flat, drive a 9 year old car, keeping holiday prices within a reasonable budget, have a budget for food etc, don’t have unnecessary subscriptions.

I’m saving to pay a decent chunk of the mortgage off when it’s renewed next year but as I only have one income I’m very conscious that if anything happens with my job or I need major repairs I’ve only got me to rely on, hence I save a lot.

Zero.

About £20k…most of it now due to be spent on decorating the house we just bought. Ask again in a year and we’ll be back at £0 trying to build it back up again 💸

37 here with one DC, 2nd on the way. I have around 15k in savings but that's about to be decimated by maternity leave.

10k but that’s about to be spent on house renovations. I’m very lucky to get an annual bonus and we have shares which mature yearly so hoping to build our savings back up, as soon as the house is finished. We anticipate we will have added a 3rd to its value when we’re finished.

I'm single with no children and a mortgage. I have the square root of sod all in savings.

Sweet FA.

8k but I owe ten to my Dad for my car so it'll be going back to him shortly 🙈😆 paying him back over a few years interest free though bless him as he does have enough saved for his needs so wont go short.

I keep trying to save and then house/car/vet bills seem to pop up and wipe it all out again. Also self employed and barely enough to live on as it is. In a few more years when my youngest starts secondary i might look for a real job but I'll be 42 by then and it's daunting starting from scratch

Single parent with 2 small kids.
Savings of about £3k. Mortgage of £166k. About £55k in pension. Currently focusing on paying off a debt of about £8k so not adding to savings, but after that's gone, I'll be adding to a SIPP.