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How Many People Have Money In The Bank

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How many people here have money in the bank, if so how much and what are they

going to do with it.

About £2,500, rest in stock market.

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Wanting to move up due to improvement in circumstances, however, not in this market.

Banked around £60k in last 3 years - dont let this fool you though, I think my industry is in for a bumpy ride and I will need every penny.

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£30k in the bank

£2k In premium bonds

£2k in stocks

Generally trying to keep it earning while I either become a multi-millionaire rockstar, or house price crash. Which is more likely is anyones guess.

*Breaks string playing Stairway*

Edited by stillill

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I have about 6k.

once the 6k becomes 10k from saving up, i'm gonna p*ss it up the wall on a round the world trip! :lol:

Come back a few years down the line and hope house prices are back to some form of sanity, if not I may well look elsewhere.

Do have about 35k deposit though.

Edited by CrashBear

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I have money in the bank - enough for a 20% deposit (at current prices).

Got some in ISA, some in High interest savings and a minimal amount in Premium Bonds.

Was considering moving some into gold back in the summer - what a fool I didnt! :rolleyes:

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Guest struthitsruth

6 months salary in accessible cash savings - any further savings are invested longer term.

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If i was to be paid all i'm owed then i would just about be debt free and that included the house

No cash in the bank as i keep spending on doing the house up

dont let this fool you though, I think my industry is in for a bumpy ride and I will need every penny.

You work in IT then !

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OO -Debt free

All money moved to countries away from the EU so

Gordon Bling could not get his socialist hands on in it

Have several trusts set up in offshore countries

monitoring certain financial interests in the UK & EU.

Edited by E Powell

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How many people here have money in the bank, if so how much and what are they

going to do with it.

Around 24k in ISA's (very safe with good interest), 6k in premium bonds (also safe but with little reward so far), 2k in shares (volatile but good returns so far) and 160k in my house (Mortgage paid off but very volatile and likely to fall, unless i sell and realise the gains).

Just waiting for reasonable levels of house prices and then i can buy a big house with plenty of land with nobody living around me. I hate it when houses look over eachother.

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Around £270k in cash , £55k in shares and £1k in gold . No job , no debt .

LWP on the interest of around £950 a month net (save £500 a month to cover inflation) until either HPC or I find a country I'd like to move to (which won't be France , miserable buggers) .

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How many people here have money in the bank, if so how much and what are they

going to do with it.

0 in the bank as I don't trust them. A bit in Gold and Silver bullion ;)

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Guest Bart of Darkness

About 30k in savings (not counting the current account which I need for day to day living).

Don't have a car, no kids and no 42" plasma TV/holidays, hence lower than average outgoings.

Bit worried about one of my employers outsourcing to India at the moment, so I'll keep on being prudent (that's the way, eh Gordon?)

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If i was to be paid all i'm owed then i would just about be debt free and that included the house

No cash in the bank as i keep spending on doing the house up

You work in IT then !

No, Construction. Booming at the moment but since everything built in the last 3 years is either a flat or a PFI school - I see a quiet time ahead in around 12-18 months

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I've only got £25k in the bank - the rest (£200k) is invested in some far eastern currency deal which is projected to make me 9% over 6 months :) Whether it will or not I won't know until January 22nd!

Edited because I forgot about the £100k invested in my company :)

Not bad for 29 ;)

Edited by Pink Flamingo

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I've only got £25k in the bank - the rest (£200k) is invested in some far eastern currency deal which is projected to make me 9% over 6 months :) Whether it will or not I won't know until January 22nd!

Edited because I forgot about the £100k invested in my company :)

Not bad for 29 ;)

Only got 25K in the bank? ONLY 25K?

You need to get out there and start working harder PF, maybe take on a weekend/evening job. Sometimes you have to take risks to get in on life. My mate Dave has just borrowed 30K from his house to buy a flat in Deptford, which he rents out to... :lol::lol::lol:

The wife and I have about 300 quid in an HSBC savings account that we will probably use to buy my mum and dad a new TV for Xmas. Yes, we are LOADED.

Incidentally, when we do start saving, I am thinking of a Premium bonds/equities mix. I really need to have a chat with Financial Planner or read the "Investments" threads, as I know F-all about saving well...

Edited by RichM

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Only got 25K in the bank? ONLY 25K?

You need to get out there and start working harder PF, maybe take on a weekend/evening job. Sometimes you have to take risks to get in on life. My mate Dave has just borrowed 30K from his house to buy a flat in Deptford, which he rents out to... :lol::lol::lol:

The wife and I have about 300 quid in an HSBC savings account that we will probably use to buy my mum and dad a new TV for Xmas. Yes, we are LOADED.

Incidentally, when we do start saving, I am thinking of a Premium bonds/equities mix. I really need to have a chat with Financial Planner or read the "Investments" threads, as I know F-all about saving well...

Don't take this the wrong way RichM but as a Uni Acc (?) living in London I don't fancy your chances of being able to save much in the long run. Best of luck

:(

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15k overpaid on mortgage (no point saving and being in debt)

5k cash isa

3k gold/silver bullion

£500 gold mining shares

mrs has about 8k in cash isa.

mortgage of 25k, no other debts.

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Don't take this the wrong way RichM but as a Uni Acc (?) living in London I don't fancy your chances of being able to save much in the long run. Best of luck

:(

My salary will go up eventually, once clinically qualified; at present I am only a non-clinical researcher.

I try to frugal, the wife is getting the message too. She's a doctor, but wants babies (as do I) - that will be our (financial) downfall.

Still, at least we aren't highly leveraged on a depreciating asset! ;) Job security should mean that "come the crash" we able to buy. It would be nice to have a small pot of cash to play with; if you can see the bigger picture then there is money to be made.

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I have the grand total of £1100 in the bank. I'm not in the position to save or invest in any substantial way due to my low wage and high cost of living but I do try to put atleast something by out of every pay packet which is how I've ended up with this.

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My salary will go up eventually, once clinically qualified; at present I am only a non-clinical researcher.

I try to frugal, the wife is getting the message too. She's a doctor, but wants babies (as do I) - that will be our (financial) downfall.

Still, at least we aren't highly leveraged on a depreciating asset! ;) Job security should mean that "come the crash" we able to buy. It would be nice to have a small pot of cash to play with; if you can see the bigger picture then there is money to be made.

Job security is the key I think - you sound like you will be fine.

Unfortunatley many others who already have high mortgages may not have the job security they think they have now.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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