How comfortable are you?

WillowCat

If you'd asked me three years ago I'd have said comfortable. I paid off my mortgage, have reasonable pension provision from a previous career and was just finishing a degree.

Now having already given my ex all my savings, he is trying to force the sale of my house (single name) that he didn't contribute towards, is after my pension and I'm an unemployed (and hence not mortgage worthy) carer for my new partner.

Feeling very vulnerable.

justme111

My eyes can see my legs can run my lungs can breeze and all other parts of my body function and look well. I have a bed in which I love to fall asleep and I am not afraid I will be hungry. I have a job I love that brings enough money to buy things that I want and I don't want things which could be struggle to afford. I am comfortable.

BeansOnToast_2

No mortgage, no debts, active member of final salary pension scheme with over 30 years of membership so far. 5 years gross pay in savings and investments. So pretty comfortable.

IronWolf

I suppose Im very comfortable, I have a decent chunk of savings and almost £1k in extra cash each month that I don't spend. So whenever I want something, I just buy it.

I would prefer to have bought my own place though and be paying off the mortgage, but atm it just isn't feasible, I want to live in London zone 1 and just cant afford to buy so I rent.

atush

[quote=[Deleted User];68643305]Hi, we've got pensions and we're happy with them but hoping to increase payments in Sept. Having a review with our adviser soon.

We're aiming to be debt free (0% interest), mortgage free and have our savings at £20k (currently £13k+) asap. This is just a start and something that is achievable all being well. I just want to own the roof over our heads as it makes me anxious but we are paying into pensions too.[/QUOTE]


That all sounds great. But maybe you should have mentioned the pensions in your first post? Wasn't just me that picked out that glaring hole in comfort?

To my mind, you cant really be comfortable w/o a pension of some kind.

remorseless

atush wrote: »

To my mind, you cant really be comfortable w/o a pension of some kind.

I was talking to the girl (friend of a friend of friend sorta scenario) and she's early 30's and her 'master plan' is/was the state pension!!!!
Nothing shocks me no more :rotfl:

Maelwys

I'll assume we're speaking financially?

I'm in a permanent job in a slightly-understaffed Public Services department with no real rumblings of redundancy. The salary's not outstanding (being both public-sector and non-management!) but it's a decent enough place to work and its sheer proximity to the house means I save a fortune on petrol.

I've about a third of my take-home pay left every month after my Mortgage and regular household bills and charity outgoings etc. get paid off. The employer has a decent Pension Scheme (NHS) and I've recently started a S&S SIPP to help tide me over if I decide to retire earlier than 68.

I've a Semi-detached house in the suburbs which I bought just under 4 years ago and my only debt is my Mortgage on said house (currently locked in at 2.39%). Student Loan's paid off, I own my car outright, I use Credit Cards a fair bit but always pay off in full every month, and I have an buffer of about 6 months worth of wages sitting earning interest in a Santander 1-2-3 account.

If I suddenly lost my job I'm confident that I'd be able to find another one at similar or higher pay within a few months at most. And if I suddenly became unable to work due to ill health, a combination of employer benefits and personal insurance plans mean that my mortgage and earnings would be covered.

I've never been a big one for fancy foreign holidays, but I'll average a few enjoyable trips away with friends each year (this July it's a long weekend in a 4-star Spa Hotel in Warwickshire), plus a few summer camps and things.

I certainly don't feel rich, but I'd say I'm fairly comfortable...

Of course, if "Girlfriend" was suddenly upgraded to "Fiancee" and I had a wedding to budget for... hmm... ...maybe I'd better keep saving!

Orwell

Having no-one else in a position to take away what I've saved (unfortunately not possible once married)..

Mrs_Z

I'm very comfortable too financially speaking but I'm aiming higher.
At the moment, we are debt free (apart from the mortgage), roughly speaking can afford to save 1/3 of take home salary, 1/3 is towards bills and the remaining 1/3 is to spend on food, petrol, clothes, holidays, meals out, etc. I'd describe myself low(ish) maintenance. I don't necessarily buy the cheapest, but tend to buy out of need rather than want and quality over quantity.

The long term goal, however, is to retire early with 2/3 of the current level income. That would be in 8 years time... that's the goal. Absolutely no idea if that's just plain day dreaming

racing_blue

Thinking about this again today. I imagine there are people sitting on assets worth a couple of million and not feeling comfortable, because of crazy outgoings or expectations about their financial needs. And at the other end, people who are comfortable with their state pension and a few runner beans in the garden.