It’s hard to say - a bit like how long is a piece of string. We can never second guess what the future holds or how other circumstances might change - a new car, special holiday or replacing a bath with an accessible shower, etc. Would credit or a bank loan be difficult to secure if funds were needed urgently? On the other hand, there’s the ‘ Can’t take it with you’ school of thought.
I was surprised (not sure that’s the right word) to read today how many adults have barely £100 in savings. It was always said to keep at least 3 months income in reserve, but is that now 3 months pension, or 3 months of what you would’ve earned?
A quote for those blessed with a spouse:


