Saving money

wally1990

Hi all,

I am 24yo, and earning €34k P/year starting this year.up to this point I haven't really saved any money. I currently have a college loan which only has about €1000 left and monthly bills of €550(total) and own my car(pain In full)

I will be earning €2,200 net pay average p/month and planning on really starting to save from next month. The girlfriend and I plan on buying a house and getting married In a few years so gotta get the head down:)

How much do you save on a month v your income? Do you save anything?

I'm planning on saving €700.00 -€1000 p/month but sort out silly spending ha it's eg eating out and canteen at work and so on

Funkyfox

There are lots of ways to save. You need to look at your overall spending. I always worked but in the recession found myself unemployed for 1yr 1month. When I went back to work I was so used to only having 188 to pay rent bills car running costs holidays & so on I was able to save a deposit for a house & buy a house very quickly & i was only on 22k gross a year. You need to have a d/d going into a savings account for at least 6 months without making any withdrawals. The amount u safe all depends on the mortgage you want to take out plus a bit extra to xover furniture, solicitor fees, engineer, plumber & electrician certification. Saving / clearing debt is all about making small changes like shopping in reduced sections, investing in a insulated coffee cup instead of buying take aways, going for picnics instead of out to lunch, going for early birds in restaurant & choosing restaurants that offer free corkage, going put to lunch instead of dinner, drinking in, having friends over for a few drinks instead of going out, taking holidays off season & going for all inclusive options with I. E. Lowcostholidays. A great book to get u started & change your thinking is "the justified tight bastard's guide to life" by p j moore. Hope some of these tips help.

quote="wally1990;94330439"]Hi all,

I am 24yo, and earning €34k P/year starting this year.up to this point I haven't really saved any money. I currently have a college loan which only has about €1000 left and monthly bills of €550(total) and own my car(pain In full)

I will be earning €2,200 net pay average p/month and planning on really starting to save from next month. The girlfriend and I plan on buying a house and getting married In a few years so gotta get the head down:)

How much do you save on a month v your income? Do you save anything?

I'm planning on saving €700.00 -€1000 p/month but sort out silly spending ha it's eg eating out and canteen at work and so on[/quote]