How much do you save?

Spend a few quid, make sure pensions are maxed out. After that get a balance in life, have a short term rainy day fund, have nice holidays, buy a nice car, whatever floats your boat

€25bn is a massive figure, but divided by 5.3m people it's €5k per person, or by the CSO estimate on number of households 1.8m - €14k per household. That's not a lot. And of course it's income so there is a wide disparity, for every dude that saves up €100k there are 20 others that got nothing.

Saving is down to the individual circumstances, particularly the level of income, trying to benchmark yourself against others is silly, in my eyes.

Your case, would spending more improve your life? Happiness? I must say some people keep tight for seemingly no other reason than making themselves miserable, while I see others always chasing fulfillment and happiness behind the next swipe of the credit card. There is a cozy comfortable middle in there. A middle I'd like to be in when I'm entering my 50s and trying to balance financials with a desire to wind down and enjoy life.

It's good to have some savings.

Allows you to avoid borrowing and also provides a cushion if circumstances change for the worse.

Nothing wrong with borrowing if it suits you.

It depends on your circumstances and what you are borrowing for.

For instance I would borrow to buy property but never for a car.

Its doesn't make sense sense to pay 7-8% on borrowing money and recieve 1-2% in interest payment. If you have the discipline to save it you should have the displayed to replace it if you buy a car or go on a holiday

The last car i bought i could have bought it outright but i wanted to have money set to aside in case of a rainy day something happens the house etc. I took out a 5 year loan with the bank and paid it off in about 17 months. Saving myself approx €3500 next car loan i take out will be the same trade in plus cash. Leaving me with a small monthly repayment.

Spot on

No it was was added on every quater from memory.

Better than nothing believe me, When i lost my job back in 08 i ended up going back truck driving via agencies. At first it was ok getting 40/50hrs a week then the work started to dry up going down to 3 days a week then down to nothing some weeks. Was only when i got some contracting work that i was getting a normal weeks wage that i could save some money. So between 2012 and 2016 while contracting i saved about €20k this was the rainy day fund to pay mortgage bills etc if work dried up. Luckily enough I've been in a full time permanent job since. The €20k i had was used partially to pay a lump of my mortcage and go towards a new car.