How much savings do you have?
- Thread starter FabienO
- Start date
Does anyone here save 'for a rainy day'?
I honestly don't see the point in people who do this.
Yes saving for a specific thing that's fine but people who save just to save for no particular reason what's the point. The sayings true you can't take it when you're gone.
I honestly don't see the point in people who do this.
Yes saving for a specific thing that's fine but people who save just to save for no particular reason what's the point. The sayings true you can't take it when you're gone.
Sod all, because I bought a house at a knockdown price and have invested savings money into getting it into a decent state. Short term pain, but a tiny mortgage means my living costs will be very low in a few months' time and I can actually not worry about money from month to month any more.
Nothing to wave my willy about, but it means I'll be a bit less stressed out.
Nothing to wave my willy about, but it means I'll be a bit less stressed out.
No. We have £2,500 sitting in Premium bonds that the wife has had for years that we are keeping there as buffer should one of us lose our job. With it being there we can't get at it easily enough to blow it on anything. apart from that we save for specific things.
We just saved for the bathroom, now its been spent (and the bathroom is spread all over the house as I've not fitted it yet
). As of this months pay packet we'll be saving for a holiday to Florida next year with her family. We've not been out of the country for 2 years so it'll be good.Once we have that money stashed it's time to start saving for babies. The wife wants to go back to work anyway and our mothers do not work and are chomping at the bit to babysit on the 2-3 days a week that we'll need it. So the plan is to save enough money up for her to be off work for 9 months or so and us still be able to pay the mortgage and bills and not live like paupers. If we need it we'll be able to take a holiday from the mortgage but we'll avoid it if we can as it just costs more in the long run.
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Soldato
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One MILLION pounds!
Soldato
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£2000 - is that on the base unit alone? If so, that's going to be one fine machine.
Caporegime
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£15,000 in an ISA and £11,000 in a savings account. £19,000 student loan debt though.
Why not? Apply for student finance....
£9k fees, don't pay them back until you're earning more than what, £21k per annum?
Keep the money in your savings account for a holiday or something, a car or travel, tech and clothes
this
I spent my savings at uni...wish to high heaven I hadnt.
I have very little at the moment,
But just split up with my girlfriend recently and have had to pay bills on my own... Finally moving out on the 11th September to my mums to get back on my feet, going to buy a house next year if I manage to get back on my feet again.
ags
But just split up with my girlfriend recently and have had to pay bills on my own... Finally moving out on the 11th September to my mums to get back on my feet, going to buy a house next year if I manage to get back on my feet again.
ags
Soldato
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You accidentally throw a bowling ball at your back door and your insurance company won't pay out (arbitrary reason). It costs over £1000 to fix as you were like Hercules with that ball. How do you pay?
That's why people keep a slush fund.
Credit card. I'll have the money to pay it off on the 20th. The only time it wouldn't be a CC would be if I had the money in savings as we were saving for something else.
I only have 6k's worth to spend should I need it but that will cover just about anything I can think of that I could possibly cover with a slush fund.
Loads because we are trying to cobble together a moving fund. After this happens i see no reason to ever keep more than a few grand in savings while i owe the bank quite so much through mortgages. Therefore i am never likely to have any savings for the rest of my working life.
i love bakes taties lightly rubbed in oil first though....almost all of that in a pension pot or retirement-linked savings, so not readily accessible this decade, or next, so safe from prying internet eyes.
I do, thankfully, have a small amount of near-instant access money for a rainy day (or a leaking roof), and have also got insurance policies to cover 75% of my net salary for a year should the worst happen. Not saying how much though.
Sounds very similar to myself. Well at least that's two of us saving for retirement, then?!