How long would you need to raise £1000 ?

[Kurt.]

Serious question and not in any way meant to target anybody but I heard something about a number of citizens in the uk today have less than £500 saved .... I can truly believe that statistic too as that’s been me for the past 20 years

 

[Goat]

TORY THREAD

ABORT ABORT ABORT

 

[Gwladys St. Glory]

TRUMPITY TRUMP TRUMP

 

[tommye]

Selling your mother will get you at least 7 quid.
Good luck with the rest

 

[tim gabbott]

With that £7 kurt go buy a fan and try and get some sleep

 

[edge]

lots of people I work with earn decent money , but are in reality that far in debt , cars , mortgages ect they really hadn't got any spare money, they give the illusion they have but if they lost there job would be on there arse within weeks.
wouldn't surprise me if most only had a spare £500 on payday.

 

[-Rob-]

My savings account is probably at the lowest it's been in 20 years but still over £1,000. I have most of my disposable money tied up in shares while interest rates are so low. Not really worth having money in the bank at the moment.

 

[PhilM]

Serious question: do you mean to have access to it or save it? We would usually save between £300 and £500 p/m into a mixture of savings and investments.

As @edge mentioned, we could probably spend it like some of our friends do on top of the range new cars etc., but for me that is just short-term fickleness.

We've recently had an additional extension built and a fair % of it came from savings knowing it would a) improve our life and b) transfer it to the value of the house.

I'd also recommend overpaying on your mortgage if you can because it knocks years off the mortgage and even if it's just £50 over the Christmas period.

Some of my friends have mortgages until their sixty or sixty-five... be arsed with that.

 

[Tea_drinker]

Nothing worth spending it on cos we cant travel anywhere.

 

[Tipp blue]

I have a standing order of 50 euros a fortnight going to a savings account, so 1300 a year saved it's been going a little over 5 years. No real plans for it I'll just keep it going until it's needed.

 

[YoboCopter]

Couple of mins

 

[ClausThomsen]

Serious question and not in any way meant to target anybody but I heard something about a number of citizens in the uk today have less than £500 saved .... I can truly believe that statistic too as that’s been me for the past 20 years

Got about £60 in the bank ATM as it's just after my big Direct Debit week but I do put £100 a month in an ISA and also have a small amount invested in various shares. Takes a few days to get it though.

 

[roydo]

Got a few bob, but its got to last me and Mrs R for a few years yet.

 

[Bruce Wayne]

 

[Tramps_mate]

Serious question: do you mean to have access to it or save it? We would usually save between £300 and £500 p/m into a mixture of savings and investments.

As @edge mentioned, we could probably spend it like some of our friends do on top of the range new cars etc., but for me that is just short-term fickleness.

We've recently had an additional extension built and a fair % of it came from savings knowing it would a) improve our life and b) transfer it to the value of the house.

I'd also recommend overpaying on your mortgage if you can because it knocks years off the mortgage and even if it's just £50 over the Christmas period.

Some of my friends have mortgages until their sixty or sixty-five... be arsed with that.

A mortgage broker friend of mine said there's no point over paying. He said just save it and gain (small) interest. Then when you remortgage pay a lump sum in to it instead. He said there's no financial gain in over paying..