How Much Money do You Have in the Bank?

Discussion about all the financial aspects of life - from bank accounts, overdrafts and budgeting to tax, savings and investments. For discussion about student loans, grants, and bursaries please use the Student Financial Support subforum.

Announcements Posted on
Sign in to Reply
  1. Dalek1099's Avatar
    • TSR Demigod
    • Location: North East England
    • Posts: 5,863
    Re: How Much Money do You Have in the Bank?
    I'm aiming for £1000 by October early and have £500 in the bank now - minus £125 i've due to spend to pay for the booked family holiday and i'm 15.My brother,21 has £7000 but spent £2000 on a car + insurance recently and i find this amount quite impressive from a underclass background and he inspires me to try to save.
  2. Crawfords's Avatar
    • Respected Member
    • Posts: 154
    Re: How Much Money do You Have in the Bank?
    just turned 18 and around 5k, purely from part time work so i can travel after uni
  3. rjm101's Avatar
    • Adored and Respected Member
    • Posts: 598
    Re: How Much Money do You Have in the Bank?
    (Original post by Leavemyarcelona)
    You're the same as me in that respect. You've got an extremely healthy bank balance for your age though, nice one. You put me to shame lol.

    I don't know the first thing about shares either, to be honest, although I do know that I would personally prefer to have the money in the bank as money, if you know what I mean, as opposed to having it in the form of shares or assets. That's purely my personal preference though.
    I understand what you mean in terms of shares but I personally dont care as long as it pays more back than I put in! The idea of always wanting it to be in the bank is what most people fall into problem wise. I think you need to be willing to just let it go for a couple of years in the hopes the return is better. Basically just forget about it and act as if you never had it in the first place lol. Also I know there are a lot of other options other than just investing it with shares I just dont know what and how .
  4. Leavemyarcelona's Avatar
    • Adored and Respected Member
    • Posts: 552
    Re: How Much Money do You Have in the Bank?
    (Original post by Crawfords)
    just turned 18 and around 5k, purely from part time work so i can travel after uni
    Nice one, well done.
  5. Charlisquigs's Avatar
    • Benevolent Member
    • Location: London
    • Posts: 760
    Re: How Much Money do You Have in the Bank?
    Currently -£850 stupid overdraft, working towards that elusive £0...
  6. Leavemyarcelona's Avatar
    • Adored and Respected Member
    • Posts: 552
    Re: How Much Money do You Have in the Bank?
    (Original post by Dalek1099)
    I'm aiming for £1000 by October early and have £500 in the bank now - minus £125 i've due to spend to pay for the booked family holiday and i'm 15.My brother,21 has £7000 but spent £2000 on a car + insurance recently and i find this amount quite impressive from a underclass background and he inspires me to try to save.
    Your brother definitely has his head screwed on right then, fair play to him. You need discipline to save up that kind of money. I'm determined to save up as much as possible in order to put down a deposit on a good house in a good area when I leave uni. I grew up with brothers as well, hardly any money, scraping by and all that, and I am determined that when I have children it won't be the same.

    Fair play to you for wanting to save up as well. Onwards and upwards my friend.
  7. Valjean's Avatar
    • Peer Of The TSR Realm
    • Location: Worcester
    • Posts: 1,803
    Re: How Much Money do You Have in the Bank?
    Online banking is down, but I have about £500.
  8. Leavemyarcelona's Avatar
    • Adored and Respected Member
    • Posts: 552
    Re: How Much Money do You Have in the Bank?
    (Original post by Charlisquigs)
    Currently -£850 stupid overdraft, working towards that elusive £0...
    Overdrafts are the devil. I've even refused to upgrade my account so that I'm not tempted to take one out.
  9. SunderX's Avatar
    • Overlord in Training
    • Location: Shanghai
    • Posts: 2,528
    Re: How Much Money do You Have in the Bank?
    I'm 21, a grad, and have about £500 in my current account and £3500 locked away in an ISA (which I really don't want to touch). I'm owed about £4k in wages/project, so hopefully that comes in before I next have to pay rent .
  10. Stiff Little Fingers's Avatar
    • Section Moderator
    • At Night I Haunt Paediatrics
    • Location: Bradford
    • Posts: 6,394
    Re: How Much Money do You Have in the Bank?
    -£150 into my overdraft due to some unexpected complications that I didn't budget for. Got 4k locked away in an ISA for when I graduate though.
  11. SoulfulBoy's Avatar
    • Vengeful, Imperial Overlord of The Student Room
    • Posts: 3,869
    Re: How Much Money do You Have in the Bank?
    (Original post by just josh)
    £3 i think. Not even kidding. I don't really get much or use much money...
    you live in a capitalist system, how the hell you plan to live if you don't use much money (3 pounds, is a joke, right?)
  12. Leavemyarcelona's Avatar
    • Adored and Respected Member
    • Posts: 552
    Re: How Much Money do You Have in the Bank?
    (Original post by seasons of wither)
    im 17 and ive got around £1550 only 20p of this, however, isnt savings that im not touching for the moment, so really i only have 20p.
    You have a very mature attitude for your age though, not many people have as much as you at your age. Well done.
  13. Leavemyarcelona's Avatar
    • Adored and Respected Member
    • Posts: 552
    Re: How Much Money do You Have in the Bank?
    (Original post by ch0llima)
    What I have saved may seem like a lot, but in reality my working friends earn about that a year (after tax). Makes me feel a bit poor.

    It's a very large cushion and might serve as part of a house deposit one day.
    That's exactly what I'm saving for at the moment. Got quite a while to go though.
  14. SoulfulBoy's Avatar
    • Vengeful, Imperial Overlord of The Student Room
    • Posts: 3,869
    Re: How Much Money do You Have in the Bank?
    (Original post by Leavemyarcelona)
    That's exactly what I'm saving for at the moment. Got quite a while to go though.
    If you want a house, build yourself one in the forest. Be wild like Robin Hood!
  15. DanBrwn's Avatar
    • Adored and Respected Member
    • Posts: 576
    Re: How Much Money do You Have in the Bank?
    (Original post by SweetsAndSugar)
    £850. £500 or so is what I saved from ema, £350 from work. I plan on buying a laptop for uni with the ema money, a £10/pm phone contract and some new clothes because the ones I have are in dire need of being thrown away they're so old.
    You shouldn't be getting EMA if you can afford to save it. It is for your upkeep in current education. Not so you can save to buy a nice laptop for uni. Although I prefer the idea of you saving it for further education than spending it on new clothes and as drinking money for the weekend as most of the tits from my school did :mad:

    Anyway, to answer the original question. I did have about £4000 but I spent it on a new camera and lens. Which is really an investment, because I will map the money back way faster than I took to get it!
  16. flowermaster91's Avatar
    • TSR Legend
    • Location: Springfield
    Re: How Much Money do You Have in the Bank?
    £257.57

    lol so small, saving up properly next year
  17. TheCurlyHairedDude's Avatar
    • Banned
    • Location: UK
    • Posts: 6,636
    • Warning points: 1000
    Re: How Much Money do You Have in the Bank?
    About £800

    17 years old....

    by 18 I want 7/8K
  18. DesignFreak's Avatar
    • Benevolent Member
    • Location: Pallet Town
    • Posts: 792
    Re: How Much Money do You Have in the Bank?
    About £50 into my overdraft.
  19. G550NDH's Avatar
    • Overlord in Training
    • Location: London
    • Posts: 2,641
    Re: How Much Money do You Have in the Bank?
    400 squid
  20. Jin3011's Avatar
    • Peer Of The TSR Realm
    • Location: Karakura | Posts: ∞
    Re: How Much Money do You Have in the Bank?
    I'm 18, currently have 21p. PS3 broke last week so all money in my account went on buying a new one.
Sign in to Reply
Share this discussion:  
Article updates
Moderators

We have a brilliant team of more than 60 volunteers looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

Reputation gems:
The Reputation gems seen here indicate how well reputed the user is, red gem indicate negative reputation and green indicates a good rep.
Post rating score:
These scores show if a post has been positively or negatively rated by our members.