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How much of you wages do you save?

Mtx

I aim for at least 70% and that's after rent and bills paid for. I might as well save before getting a mortgage. I'm 25.

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suicide_circus

You're doing well

Cee-Jay-Cee

About 1/4 of my wages after mortgage bills childcare food petrol tax insurance repairs maintenance blah blah blah

Sleepy

Fair play OP, I wish I'd had as much sense before I was married with kids, had I saved something then, I might be able to have savings now instead of just paying back loans!

thebull85

Creamy Goodness

About 50%. If you include rent and bills its closer to 70%

amcalester

About 50% since January so that I could buy a house, got mortgage approved on Friday so will probably be spending all of it for the next few months.

Before that about 30%, aiming to get back to that by the end of the year.

mimimcmc

Nada, don't have that luxury when living day to day

_Kaiser_

thebull85 wrote: »

0

Same

Long commute + rent + bills + a little fella to support = not much left at the end of the month, and there always seems to be something unexpected that comes up

Oh well!

Trigger Happy

I have no income at present so don't save.
But am enjoying my savings at this time.

verycool

I suppose "better late than never" applies to me. Recently set up a DD to the credit union there.

Should be financially comfortable fifteen years after I die.

thebull85

_Kaiser_ wrote: »

Same Long commute + rent + bills + a little fella to support = not much left at the end of the month, and there always seems to be something unexpected that comes up

Oh well!

Same boat mate, l feel your pain, lucky to have 50 quid to go for a pint at the end of the week. Thank f**k i enjoyed my 20s

Tom Mann Centuria

Nothing or less than nothing, overdraft gets used if unexpected bills come in.

zell12

But de meeja says we are all living hand to mouth

Tell me how

Creamy Goodness wrote:

About 50%. If you include rent and bills its closer to 70%

Why would you include rent and bills as part of what you save?

Is Mr BinMan managing a stock portfolio for you?

Creamy Goodness

Tell me how wrote: »

Why would you include rent and bills as part of what you save?

Is Mr BinMan managing a stock portfolio for you?

Even second person mentioned their bills/rent I just gave a percentage of my wage, but you single mynpost out?

Tell me how

Creamy Goodness wrote:

Even second person mentioned their bills/rent I just gave a percentage of my wage, but you single mynpost out?

Yes. Yes I did.

Kevhog1988

33% of income of main wage and 100% of anything else i earn

Sin City

I cant even get my wages to last the month
Let alone save

ytpe2r5bxkn0c1

From our pensions we put about 25% in to deposits. Covers changing the cars, home improvements etc.

zl1whqvjs75cdy

Jorge Defeated Sandbox wrote: »

From our pensions we put about 25% in to deposits. Covers changing the cars, home improvements etc.

You raided your pension to buy a car?

Tell me how

Izabella Spicy Smallpox wrote:

You raided your pension to buy a car?

Keep up. That man is receiving his pension and is in the fortunate position to be able to save 25% of that payment.

_Kaiser_

thebull85 wrote: »

Same boat mate, l feel your pain, lucky to have 50 quid to go for a pint at the end of the week. Thank f**k i enjoyed my 20s

The REALLY depressing thing is that I'm on a supposedly "good wage", but the cost of living in this country is ridiculous - and for what? Piss-poor "services", crap infrastructure, and yet another property-related crisis (we've learned nothing!)

ytpe2r5bxkn0c1

donkeyoaty0099 wrote: »

You raided your pension to buy a car?

What?

Read it again.

theteal

It used to be about 60%. Did that for a few years before I emigrated. Only recently spunked that fund on a house.

In the last few months I have saved exactly £50pm and that's just to accumulate a pot for a session in Edinburgh later in the Summer. I'd normally like to save quite a bit but there have been a few unexpected bills (as well as expected new bills) since moving into the house a few months back. So our proper saving is being done by the wife at present.

clio_16v

I'm currently studying so I spend about 200 a week more than i earn. Savings will be gone by the time I start work again

tobsey

thebull85 wrote: »

Same boat mate, l feel your pain, lucky to have 50 quid to go for a pint at the end of the week. Thank f**k i enjoyed my 20s

You’ll never save anything if you save at the end of the week/month. You have to do it at the start and train yourself to survive on what’s left. I’ve always been crap at saving and it’s only since I’ve had a deduction from wages straight to the credit union that I’ve managed to build up some savings

Mickeroo

100 goes to the credit union on a standing order every week then I try and spend as little as possible from what's left. I essentially pretend I earn 100 less a week than I do so even if I don't save much from what's left I don't feel too bad.

Donald Trump

thebull85 wrote: »

Same boat mate, l feel your pain, lucky to have 50 quid to go for a pint at the end of the week. Thank f**k i enjoyed my 20s

Might want to find a different pub if it's costing you 50 quid for a pint

beertons

Skimpy enough here. 50 a month to prizebonds, and 100 per month special savings account I only access when I've a big bill to pay. Painter, chippy or plumber. When I do get a little extra, I play around in Degiro with it, on penny stocks.

ytpe2r5bxkn0c1

Mickeroo wrote: »

100 goes to the credit union on a standing order every week then I try and spend as little as possible from what's left. I essentially pretend I earn 100 less a week than I do so even if I don't save much from what's left I don't feel too bad.

That used to be my philosophy when I worked. Plus, whenever I got a rise or promotion I always put a percentage of it into savings immediately, so I didn't get used to having it. It all mounted up over the years and enabled early retirement.