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Mumsnet has not checked the qualifications of anyone posting here. If you need help urgently or expert advice, please see our domestic violence webguide and/or relationships webguide. Many Mumsnetters experiencing domestic abuse have found this thread helpful: Listen up, everybody

savings question!

1 reply

user63212 · 29/12/2019 18:40

i know it is all relative really but interested in some perspectives.

thinking of spending a chunk of money on one home improvement job (which should in theory add value to the house). it will however leave 3k savings. i try and save circa 500 a month. i also have 5k debt (interest free and at the moment manageable, paying around 150 a month back).

ive no idea what savings are average as i dont talk about money with friends or family. is 3k too small? mortgage is 600 if relevant.

OP posts:
Peanutbuttermouth · 29/12/2019 21:57

£500 a month is an amazing amount to save, sounds like you'd be able to build your savings back up quickly so why not spend it?

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