How much do you save a month?

Skeptic said:
1. Listen to financial advice (unregulated) on a computer forum.
2. Expect huge returns.
3. Open Vanguard on recommendation.
4. ???
5. Profit (or not).

Honestly, the mind boggles.
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1.Go and get regulated financial advice.
2.Still expect decent returns
3.Open Vanguard account after taking regulated advice.
4.???
5.Still lose it all.

Investing of any sort is a gamble.
 
Skeptic said:
1. Listen to financial advice (unregulated) on a computer forum.
2. Expect huge returns.
3. Open Vanguard on recommendation.
4. ???
5. Profit (or not).

Honestly, the mind boggles.
Click to expand...

Names of posters who are expecting huge returns please and haven't realised it's high risk. Seems like another reading comprehension failure.
 
I recognise that - and don't necessarily thing that regulated advice is necessary.

However, people need to be fully cognizant of what they're signing up for! They need to consider their goals, investment strategy, risk tolerance etc - not just an 'everything in vanguard' approach.

Vanguard is likely excellent if it meets your requirements. How many are going to have the stomach for a potential huge loss- particularly with 100% equities?
 
We are currently piling money in some renovations around the house, along with just booking a centreparcs holiday & disneyland paris savings have somewhat low.

I would like to say over the next 4 - 5 months we will be putting around £1500 per month away to then drop down to £200 - £400. I am changing careers and just waiting for a start date but I will be dropping gross wage by around £15-£20k per annum.

Over the last 8 years we have moved home twice, got married, had a child, been made redundant, paid of debts so savings have been hit hard!! I think as long as you don't have any debts, have around £2k floating around in savings and paying off a mortgage your financial position is quite comfortable and the rest of your cash can be spent to make you happy...for example renovations on houses, holidays, family time etc etc.

I currently have a very little pension, but this will change with the new career so not worried too much and the wife has a pretty decent pension with the NHS...this is in addition to the savings above.
 
Freefaller said:
That's great saving regardless of salary. So well done :)
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Pension is 10pc matched which is fairly good for current pensions.
Usually don't save all that come holiday times

10pc pension
200 into that help to buy isa
200 into shares or crypto
100 left if I have a cheap month
 
Skeptic said:
I recognise that - and don't necessarily thing that regulated advice is necessary.


However, people need to be fully cognizant of what they're signing up for! They need to consider their goals, investment strategy, risk tolerance etc - not just an 'everything in vanguard' approach.


Vanguard is likely excellent if it meets your requirements. How many are going to have the stomach for a potential huge loss- particularly with 100% equities?
Click to expand...


You of course invest at your own risk, and if you miss all the disclaimers while signing up then you have it coming (in the nicest possible way...) Where Vanguard do well is marketing a easy blend in a nice name (Lifestrategy) that has done well recently. But in case people miss it again:


Trifid said:
Short term i.e. <1 year, you're historically almost as likely to lose money as make it. Over the past 5 years it [vanguard] has almost doubled your money but this does not mean to say the next 5 years it would double your money again.
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I am however, not particularly swayed in this thread the need to further diversify a already diverse portfolio when we are talking about small amounts into 'my first shares', by all means do this as time goes on, you may want to even purchase some shares directly! I initially merely asked the question 'why' for those who have yet to think about it. As, you are, after all, effectively losing money in normal savings accounts. Very early on in the research you should do before committing anything substantial you will see even Vanguard themselves recognise the UK bias on this fund.
 
Bugger all, though my work pension saves me about £300 a month which is handy.

With that said, I'm in considerable career related debt and don't expect to be clear for 5 years, then I'll be free to save easily.
 
Probably less than we should.

After the mortgage, other bills, pensions, insurances, childcare Christmas and birthdays we save about £400.00 a month. With savings rates as they are I would rather overpay my mortgage to be honest.
 
I have no idea.
The Missus looks after the finances, which she's rather good at. She gives me my £2 a week pocket money and we're good !!
On a serious note ....
I have no idea but on my single wage (for our entire married life of 30 years) of £34k pa (now) we've paid the mortgage and the car off so we have no debt so I'd imagine it's quite a bit.
But then, because we were supported by just my wage which was extremely low in the beginning years of my Trucking career (I was earning more money sweeping up fallen chips at McCains prior) I never had a pension until the government forced us to a few years ago.
So (just about) everything we save is for our retirement.

My pocket money is actually £70 per week and another £20 at the end of the month.
I'm currently in the boring stage of saving up for a battery for my new ebike build (£500)
 
Nothing outside of my pension (£300 a month). I'm on a reasonable salary but I support a family of 4 on it, am paying off some debt, and live in a fairly expensive area of Surrey.

Aiming to rectify my lack of saving through salary increases in coming years, and hopefully gf going into work.
 
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