Poll: Savings

[MooMoo444]

Enough for a few pints, go enjoy yourself

 

[azzerz]

not even that anymore

just checked emails... hosting is up - make that £1.15

 

[csmager]

to show people that they are not as rich as they think they are?

a mortgage is a debt, not an asset.

You would assume people used the value of their house less the amount left on their mortgage to work out what it's actually worth to them.

 

[Mat]

Maybe there should have been some caveat based on the liquidity of savings to create an easily discernable standard?

 

[Dracata]

I'm 23 and have been out of uni for under two years, for most of that I was working in very low paid but excellent job (experience-wise) and going through the process of buying a house with my ex / we just had a baby, so things very very tight, very expensive, and I ran up about 5k in overdrafts.

I'm now in a well paid job with good prospects, me and the ex split up but own a house together (i'm handing it over to her in a couple of months time, to eventually go into trust to our daughter) and live in a flat in Cambridge City center. Although Cambridge is expensive and I have lots to pay out (student loan, child maintenance etc) I still manage to put aside "enough" each month for some tidy savings, so i've only really started saving as of this month.

I have an ISA in it with just under a thousand, and i'm 'only' 2k into an overdraft now, end of tax year next year I expect to have filled my ISA to the 3600 limit, and paid off my overdraft

I guess as of now, i'm starting to live within my means (I can afford all living expenses comfortably each month, a treat or two (few new clothes, maybe a small gadget), going out a few times a week, travelling a little and *still* manage a trickle of savings).

I get a little depressed thinking about my situation sometimes (I have a love/hate thing with money, it can really depress me, but writing all of this down makes me feel a lot better about it. I have a nice little car, a nice rented flat in Camb city center with a couple of friends, a well-paid job for my age, good prospects and a little money in the bank

 

[dsb]

I voted between £50,000 and £100,000, without assests, if include them it may just push me past the 200k mark, depending on how how my shares are doing, I am waiting for the banks to start lending again (by the sounds of it its gonna be a while) then plough it all in a nice house and leave the army and get a normal job.

 

[Kerplunk]

All my savings are being looked after by OCuK

 

[Tunney]

Oops, I voted wrong. Didn't realised it included equity in houses. That puts me two categories better off.

I can easily imagine 30 people on here having £1mil including property equity.

 

[dsb]

Theres no reason why 33 people are not in the 1m plus, i know for a fact that property make people rich in assets but maybe not cash, those that were lucky enough to purchase a property 25-30 years ago, will be asset rich at least, what about those with a decent amount in inheritance given to them, it may push me over the 500k limit if anything were to happen to my parents and that would be split 3 ways.

 

[Dynix]

"Between £25,000 and £50,000"

 

[Adz]

Mr Spie, for the purposes of this poll, does one count shares in a company they are director of as an investment?

 

[kefkef]

That'll teach me to read the thread, didn't include my house or the transfer of my mum's mortgage free house into my name last year either, thought it solely meant what savings you had that could be accesible easily (ISA's, savings acct etc). Doh!