How much of you wages do you save?

Mtx · 21-05-2018 09:54AM #1

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.

suicide_circus · 21-05-2018 09:55AM

You're doing well

Cee-Jay-Cee · 21-05-2018 09:56AM

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

Sleepy · 21-05-2018 02:09PM

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 · 21-05-2018 02:09PM

Creamy Goodness · 21-05-2018 02:11PM

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

amcalester · 21-05-2018 02:12PM

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 · 21-05-2018 02:12PM

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

_Kaiser_ · 21-05-2018 02:14PM

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 · 21-05-2018 02:14PM

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

verycool · 21-05-2018 02:15PM

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 · 21-05-2018 02:15PM

_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 · 21-05-2018 02:17PM

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

zell12 · 21-05-2018 02:18PM

But de meeja says we are all living hand to mouth

Tell me how · 21-05-2018 02:18PM

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 · 21-05-2018 02:20PM

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 · 21-05-2018 02:22PM

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 · 21-05-2018 02:26PM

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

Sin City · 21-05-2018 02:26PM

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

ytpe2r5bxkn0c1 · 21-05-2018 02:29PM

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

zl1whqvjs75cdy · 21-05-2018 02:35PM

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 · 21-05-2018 02:37PM

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_ · 21-05-2018 02:38PM

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 · 21-05-2018 02:39PM

donkeyoaty0099 wrote: »

You raided your pension to buy a car?

What?

Read it again.

theteal · 21-05-2018 02:41PM

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 · 21-05-2018 02:42PM

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 · 21-05-2018 02:45PM

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 · 21-05-2018 02:49PM

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 · 21-05-2018 02:49PM

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 · 21-05-2018 02:51PM

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 · 21-05-2018 02:52PM

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.

How much of you wages do you save?

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