How much of your earnings do you save?

29, no kids but I run my flat / car solely on my wage.

I'm saving everything spare towards a house deposit which is between 15-20% a month so far.
 
Burnsy2023 said:
I was having a conversation with a friend who said that he was aiming to save 50% of his monthly net earnings. I probably save around 15-20% on average and I'm 27, although I'm currently reviewing my finances to cut out a lot of the crap that I spend out on. I have no idea what other people save but younger people obviously have more things to save for.

So how much do you save as a percentage of your net monthly income and how old are you?
Click to expand...

Don't take this the wrong way but have you considered just kicking back and enjoying life?

Some of your recent threads, the how are you feeling, give it a rating thread, the kidney donation thread make me wonder if you are OK, others have picked up on this too.
 
Precisely zero, I usually just about make it through the month with some cash in hand private lessons. But then my monthly earnings are only about 500 pounds anyway.
 
OldCoals said:
Don't take this the wrong way but have you considered just kicking back and enjoying life?

Some of your recent threads, the how are you feeling, give it a rating thread, the kidney donation thread make me wonder if you are OK, others have picked up on this too.
Click to expand...

I am fine, just looking at making a few different life choices since I've been thinking about the future.
 
Around 25-30% at the moment, bought a new build flat so saving for that in prep for the move next year.
 
I have no set %

I just pay the bills and buy what I want each week and leave whatever left over in the bank..

But would be a lot more if I didn't have to pay £720 for rent and about £360 for car fuel per month..:(
Plus about £200 for cigs... :o..wow the price don't half jump up when you x30 packs :eek:

That £560 a month just going up in smoke...:o:o:o
 
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I've not saved any money in a while, I've moved (renting) homes twice within three years, lucky I'm in a much better paid job now and I'm planning to save about £200-400 month after the new year, as I'm going to pay off my interest free credit card first.
 
4% is paid into my pension, its matched by my employer on top of the 11% they pay in for me as standard - I don't know if that is even worth counting?

Other than that I am just trying to claw myself out of the financial hole I put myself in, I got a bit wild, loose and free with credit in my late 20's and dropped myself in it. Paying down around £900 a month on various loans and cards, hoping to get clear in under 3 years.
 
Nothing at all. Hoping to change that soon as will be getting rid of some needless expenses but might see about overpaying mortgage instead of saving as it will be more beneficial in the long run.
 
NHS pension which currently takes my contribution of just over 17% per month and adds it to whatever they claim to give (make up govt lies). Mortgage is paid, save for taxbill, which is paid off twice a year.
Overall, each of the last four years (soon to be five) we'll have a bit less in savings than when we started. This trend will continue until they unfreeze the Northern Ireland NHS pay.
So we try to save during the year, but big bills eat it up, overall nothing is saved, the savings from years ago slowly deplete instead.
 
I'm 46 and put 90% of my net wage into savings apart from if its a bigger outgoing month like the car insurance is due or whatever. Yes i've been married for 27 years and my mortgage was paid off quite a few years ago now. My missus only works 22.5 hours a week as she doesnt need to do any more so we have a nice work/life balance.
 
None.
I've tried to save before, too difficult. I have no goal in mind where the money should go, so what's the point? All my leftover income goes on rubbish, well, stuff that i don't need but in light of the above makes more sense than keeping in the bank doing nowt.
 
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