12 Women Who Have No Savings Explain Why Their Accounts Are Empty – Refinery29

All my savings had to go to rehab, therapies and my immediate housing needs.

I’ve been using 2022 as the year to spend on me as I spent 14 years unable to. 2023 is the year to start saving.
I’m in a chunk of debt. I could have this paid off in a year with my income and expenses but I won’t as I’d be too anxious about paying off £10,000 then having a horrible diagnosis and regretting not travelling or spending time with friends.
I never seem to have enough money coming in to pay all the bills, nothing is ever left over.
We have unfortunately lost friends and family young so believe life is for living.
Take-home pay is £1,700, childcare bill alone is £1,200. I don’t have spare money.
I’ve never had savings and I’ve never had much money. I left home at 16 and always had issues with living by overdrafts or otherwise.
By the start of 2020 I had £15,000 in savings. It all went on cosmetic surgery, shopping and paying off credit card debt, as well as moving costs.
Coming from a working class background I think you’re less likely to have spare money in the bank for a rainy day.
I pay for almost everything for my parents who are disabled. Growing up (and throughout uni) my family acquired a lot of debt so I would say 50% of my salary goes towards bills, food, debt repayments etc.
I’ve never been given money and found it hard to save as a grad in London.
This year my husband and I moved from a three-bed to a five-bed home (to accommodate my mum moving in with us) and bought two dental practices with a colleague.

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