How much have you saved since the recession started?

gonedrinking · 18-05-2011 12:03PM #1

I've saved about 15k, thought I was doing really well until I see that the average Irish person has saved 22k:

http://www.rte.ie/news/2011/0518/central-business.html

I can't wait until this recession/depression is over so I have the confidence to start spending again. I think I'm gonna buy a boat.

OutlawPete · 18-05-2011 12:04PM

To some people, the recession is: 'Oh, I have no confidence to spend my money'.

To the rest of us sods it's more like: 'I have no fcuking money!'

yupyup7up · 18-05-2011 12:04PM

about €200 literally.. keep taking it out to go drinking

and

starting properly now to try get a house!

Dartz · 18-05-2011 12:06PM

- €1234 Euro

SeaFields · 18-05-2011 12:06PM

gonedrinking wrote: »

I can't wait until this recession/depression is over so I have the confidence to start spending again. I think I'm gonna buy a boat.

Why not buy now while the prices are down?

Messi2 · 18-05-2011 12:06PM

Cue a load of "I havent saved anything" "No recession in your house" posts from our economic and political experts on Boards.ie.

gonedrinking · 18-05-2011 12:08PM

SeaFields wrote: »

Why not buy now while the prices are down?

Because it would be crazy to spend money during these uncertain economic times. Sure who knows if I'll still have a job in 6 months time. Gotta have a safety net.

Harry Angstrom · 18-05-2011 12:09PM

Considering that we now have to contend with less wages, the grossly unfair universal social charge and water charges coming down the track, not to mention increases in inflation and utility bills, that would be a big fat ZERO.

Micky Dolenz · 18-05-2011 12:12PM

About 3 fiddy.

jimthemental · 18-05-2011 12:12PM

About 400 quid, only drank twice in the past 3 weeks. Need to save around a grand next month though.

Seloth · 18-05-2011 12:13PM

THE WHALES!

RachaelVO · 18-05-2011 12:14PM

I've saved myself a few blushes, that's probably about it though!

MIRMIR82 · 18-05-2011 12:14PM

Myself and my my OH have saved about 5000 in the last year roughly - but thats for our wedding next year. We are constantly struggling to pay bills and have some sort of a life while we are saving....both in full time employment:( SICK OF THE RECESSION

phill106 · 18-05-2011 12:16PM

Im really bringing down the average...

Duggy747 · 18-05-2011 12:17PM

Damn recession, came over here and took my job. I wish it would go back to wherever it came from.............eh..............like............Luxembourg.........or something

I don't go out feck all since I'm on the dole so I save bits here and there, for what I have no idea.

ocallagh · 18-05-2011 12:28PM

All that article means is we are not borrowing as much as we used to. Using the term 'household wealth' is misleading. Our liabilities may have decreased by 22k on average, but we're certainly not 22k better off. The 190bn in household liabilities which has supposedly dropped does not include 2 important things:

1) Increase in Gov debt (which is essentially our debt too)
2) Reduction in capital value of the items for which our loans are for. Property prices have halved etc..

Factor them in, and you find out the real bottom line.

zero19 · 18-05-2011 12:29PM

I've got about 70 quid in my savings account because I kept withdrawing from it which is a pity as my savings plan is really good but I'm serious about it now so I won't touch it for 5 years hopefully

Minstrel27 · 18-05-2011 12:30PM

I am earning more than when this recession started.

kelle · 18-05-2011 12:56PM

I had savings before the recession, but I find I'm eating into them regularly. I have not saved anything in 2 years, because our wages have plunged and saving money is just not possible.

Big Nasty · 18-05-2011 01:30PM

'Saved'? What is this 'saved' you talk about!?!

Wossack · 18-05-2011 01:36PM

hardly ever shave these days tbh, price of the fuppin blades

18-05-2011 01:52PM

http://www.rte.ie/news/2011/0518/central-business.html

The Central Bank says that net financial wealth has been increasing since the first quarter of 2009, and has risen by 70% since then.

What jokers - they way they word it sounds like the recession has made us all richer!!

and

household net wealth increased by 6% during the last three months of 2010 to reach €99 billion. This works out at €22,125 per head.

once upon a time household "wealth" included house prices and we were the richest people on earth - remember that craic? Now they ignore property dropping by 50% LOL jokers

This is preparing the way for the govt to levy savings, no joke, check out the bonfire they had with the pension reserve fund and now private sector pension savings. Label savings as peoples "wealth" and such when the economy is crashing makes it politically acceptable to levy bank savings/seize/confiscate. Happened in Argentina and if you believe Morgan Kelly then the worst is yet to come and what will they do then?? Levy more off the pensions and maybe our bank savings

bad ****

emeraldstar · 18-05-2011 01:52PM

Minstrel27 wrote: »

I am earning more than when this recession started.

Me too. Although that is to do with the fact of my having been a student when it started

admiralofthefleet · 18-05-2011 01:53PM

over 9000

18-05-2011 01:54PM

a good lot, bought a car though which wiped a good chunk of it out

James. · 18-05-2011 02:30PM

Minstrel27 wrote: »

I am earning more than when this recession started.

in the public service ?

they are still getting pay increases every year ( increments ).

disgraceful.

oh, and before anyone says that not all get increments, the ones who dont get increments are already at the top of the pay scale

18-05-2011 03:04PM

Blown all my savings in the last 8/9 months... Now I've to save up another 10k hopefully and fuk off somewhere else again.

dshamrock2000 · 18-05-2011 03:31PM

I havent saved a penny, im using the recession to buy things i wouldnt normally afford by using my previous savings seeing as alot of prices on things like cars etc have dropped. So i upgraded my own car and the wifes, got work done in the house while the rates are low etc etc

I'd say I owe approx 2k at the moment but if i bought what i have in the last 2 yrs during the boom i would be a hell of a lot more in debt.

In saying that my wife isnt working anymore and im being made redundant end of this year, 27 yrs left on my mortgage for the house whose value has dropped about 160K in the last 3yrs. But whats the point in worrying about money or the lack of it. Everything works out in the end, I hope :rolleyes:

Oranage2 · 18-05-2011 03:49PM

Im about -€1000

Captain Havoc · 18-05-2011 03:52PM

Saved a lot before the recession, due to massive wage decrease haven't really saved much but hold onto my savings.

howamidifferent · 18-05-2011 03:58PM

Saved nothing spent about 14k which I'm hoping inflation will make little of over the next few years...

I'm sick of being broke so I spend when I want...

How much have you saved since the recession started?

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