Turn on thread page Beta
    • Thread Starter
    Offline

    2
    ReputationRep:
    I have 15k savings.... is that a lot of money to you?
    have much savings do you have?
    Offline

    19
    ReputationRep:
    (Original post by student2321)
    I have 15k savings.... is that a lot of money to you?
    have much savings do you have?
    Just out of interest, why would you want people to know how much money you have? Not the cleverest thing to be telling people, especially strangers on the internet lol..
    • Community Assistant
    Offline

    19
    ReputationRep:
    Community Assistant
    (Original post by student2321)
    I have 15k savings.... is that a lot of money to you?
    have much savings do you have?
    I have just over £50,000 savings
    • Very Important Poster
    Offline

    21
    ReputationRep:
    Very Important Poster
    (Original post by student2321)
    I have 15k savings.... is that a lot of money to you?
    have much savings do you have?
    Paging Glassapple
    Online

    20
    ReputationRep:
    but how many gems u got ?

    :beard:
    • Community Assistant
    • Political Ambassador
    Offline

    22
    ReputationRep:
    Community Assistant
    Political Ambassador
    It's more than I have.:lol:
    Offline

    20
    ReputationRep:
    beg you set me some
    • Community Assistant
    Offline

    21
    ReputationRep:
    Community Assistant
    (Original post by student2321)
    I have 15k savings.... is that a lot of money to you?
    have much savings do you have?
    To me, 15k is a lot.

    But why does that matter? I probably have a vastly different lifestyle compared to you.
    Offline

    16
    ReputationRep:
    I have about £40k but then I've been working and saving for years. If you're quite young then yes, 15k is a lot
    Online

    15
    ReputationRep:
    If you're a student or young then yes, that's a decent amount of savings. Otherwise no
    • Community Assistant
    Offline

    21
    ReputationRep:
    Community Assistant
    You posted this for people to tell you yes it's a lot considering you're on a student forum, a place for you to brag about your far-from-empty savings account, and therefore feel superior to people who say they have less than you. Find a hobby and stop bragging.
    Offline

    19
    ReputationRep:
    Go and spend it if you really do have it.
    Offline

    20
    ReputationRep:
    (Original post by student2321)
    I have 15k savings.... is that a lot of money to you?
    have much savings do you have?
    It's a reasonable amount.

    Personally:

    House equity: 90k
    Pension: £45k
    Investments: £23k
    Cash: 35k
    Offline

    22
    ReputationRep:
    Depends how many years you’ve been working but thats a very good saving for a young person (below 24)
    Posted on the TSR App. Download from Apple or Google Play
    Offline

    19
    ReputationRep:
    (Original post by Reue)
    It's a reasonable amount.

    Personally:

    House equity: 90k
    Pension: £45k
    Investments: £23k
    Cash: 35k
    When you say pension, does that mean your annual pension amount when you retire
    Offline

    20
    ReputationRep:
    (Original post by Simonthegreat)
    When you say pension, does that mean your annual pension amount when you retire
    No, that is amount in the pension pot. When you retire you can either take the money out bit by bit or buy an annuity which gives you like a salary.

    A £45k pension pot would give a tiny annuity.
    Offline

    19
    ReputationRep:
    how much of it is invested and where
    Offline

    19
    ReputationRep:
    (Original post by Reue)
    No, that is amount in the pension pot. When you retire you can either take the money out bit by bit or buy an annuity which gives you like a salary.

    A £45k pension pot would give a tiny annuity.

    Oh right. So how do much would annual pension/annuity would that get do you think?
    Offline

    20
    ReputationRep:
    (Original post by Simonthegreat)
    Oh right. So how do much would annual pension/annuity would that get do you think?
    Retiring when?
    Inflation proofed or a level payment?

    Only relavent if the pot doesn't grow in terms of contributions or investment growth.

    Quick answer would be £2,500/annum though...
    Offline

    14
    ReputationRep:
    It is a lot compared to pocket money, however, realistically speaking it is a small amount when it would only manage to secure a deposit on a house worth £75000.
 
 
 

1,936

students online now

800,000+

Exam discussions

Find your exam discussion here

Poll
Should universities take a stronger line on drugs?

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.