Poll: POLL PLEASE: What % of your wages do you save a month?

What % of your wages do you save a month?

  • 0%

    Votes: 148 33.3%

  • 1-20%

    Votes: 146 32.9%

  • 21-40%

    Votes: 58 13.1%

  • 41-60%

    Votes: 47 10.6%

  • 61-80%

    Votes: 23 5.2%

  • I can save more than 80%

    Votes: 22 5.0%
  • Total voters
    444
-10%, one of the joys of having two kids and a girlfriend that got laid off but since that option wasn't available I went with 0%
 
I always save the majority of my wages but then again I do live with the rents and only have to pay £150 a month board, I'll save enough for a deposit one day....
 
[TW]Fox;17611268 said:
No, its not misleading at all. It's only misleading if you think the question is 'Who has the most money' which of course its not.

Saving is relative.
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Its got nothing to do with who has the most money.
You have no dependencies, be it property or family. the percentage that you can save is higher than that of a person who has a job and a family.

If the question was 'what % of your wages after normal outgoings do you save?' then it would be more comparative. no?
 
Tom0 said:
Or have very few commitments.
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The only 'commitment' I don't have is a family.

I don't live at home, have a car and support myself on a reasonable wage. Nothing special, I just try to be careful about spending money where possible.
 
0 atm as anything left over at the end of the month gets paid off the mortgage.
 
The results of this should be interesting, never really asked anyone else how much they save of their wages.

Quite a lot of 0%'s atm, quite surprised. Hang on, are some of you counting your pocket money as wages? :).
 
vonhelmet said:
Some of you people must be sminted to be saving 50%+ of your take home.
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Not necessarily. It depends on your spending.

After all rent, food, bills etc... anything that is not spent is effectively "savings" isn't it? After all regular outgoings (i.e. all standing orders and direct debits) It's possible to have a fair bit left. It's how you choose to use that money that I suppose affects the outcome of this poll?

Some people have no kids or loans or mortgages to pay off either, some may be living with their parents, some may just have all their luxuries (PCs, tvs etc...).

It's quite conceivable to have a lot of disposable income if you live a certain way.

Don't get me wrong this time 2 years ago, I was just about breaking even every month as I was paying off loans, and had to pay for car/bike maintenance etc... My expenses have dramatically come down, salary has increased and as such my disposable income has increased meaning I can save more. :)

It's quite possible someone in the 40% tax bracket may only be able to save 1-10% whereas someone in the lower bracket can save 50%+. Unless we know everyone's circumstances we'll never be able to establish the precise reasons. :)
 
Andr3w said:
You clear 3k a month?

Lucky git :D
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You too can achieve this by realising that 100/12*300 = 2500 :p
Hatter The Mad said:
Why wouldn't anyone want to be in the 40% tax bracket? You're always going to be earning more than before you graduate to the bracket.
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Haha yes I was thinking this too :p

I'd rather pay 40% on some of my income, than not pay 40% on any of it, but actually earn less!
 
Hatter The Mad said:
Why wouldn't anyone want to be in the 40% tax bracket? You're always going to be earning more than before you graduate to the bracket.
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I know... but it's psychologically more tormenting seeing the amount of tax you pay. Don't get wrong I wouldn't ask for a pay cut! :D

I wasn't making a salient point about anything - just a general GD, silly comment! Relax dude! ;)
 
Freefaller said:
I know... but it's psychologically more tormenting seeing the amount of tax you pay. Don't get wrong I wouldn't ask for a pay cut! :D

I wasn't making a salient point about anything - just a general GD, silly comment! Relax dude! ;)
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Are you self employed? You know nothing of tax pain, then, having to manually write a cheque for your tax bill of up to 50% (inc NI) on the top end each year :(
 
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