How much do you save a month?

I'm doing an overhaul of my finances and will try to put away at least £200 a month into savings. Trying to set up a better balanced budget in combination of trying to live a healthier life as well (spend too much money on stuff I don't actually need as snacks etc).

Edit: My work pension puts away about £100 for me a month.
 
Currently 6% into my pension with employer contributing 8%. I'll raise my contribution to 8% in January and to 10% the January after.

In addition to that I have 3 Share Save Schemes with current employer, each scheme running 3 years with £100 into each each month resulting in a scheme maturing every year in October.
 
It depends on the month really.

Myself and fiancee bought our house together in Feb, so money has gone towards carpets/furniture/maintenance. Have a wedding to pay for next year. But as many have said, trying to live life as well as plan for the future.
 
regulus said:
That's a good age to retire. Any decent plans for retirement?
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I'd love to tell you something exotic and interesting , however I/we lead a very quiet life and are both looking forward to merging into the background a little more. I've always worked shifts or odd hours (incl weekends) so sleeping in my own bed every night will be a luxury. Just being able to take up hobbies that I can do every week will be a luxury.

Just to eat 3 meals a day at the same time will be a luxury my bowels will appreciate :p
 
dodg3rman said:
I pay about 14.5% into my pension but we are able to create additional savings of about £1500-1800 pm

I will be retiring next year at 50 and we'll be comfortable
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Nice one. Had a letter a couple of weeks ago to say I've got the full 40 years in the pension fund (plus 40 years of AVC's) so the aim is to retire at the end of next year (57). As regards savings, well at the moment we are putting most of it on the mortgage to get it paid down, but with a token amount put into the ISA's as well, maybe £150 - £200 a month.
 
I save around 25% of my take home and make contributions to NHS pensions of 7.1%.

Currently in process of buying first house so expect that to take a hit in the future until I qualify next year (ACCA)
 
Just about to finish paying off a 0% interest credit card I've had. After that's paid off I will be saving towards my wedding. Aiming to save 25% of my monthly income. The best way I've found to do this previously was to take the money out as soon as I'm paid and live on the remainder, rather than living the month then calculating what you've saved.
 
NooBish AbbZ said:
Currently on £36k and saving around £1500 a month. I'm still very much in upheaval though at the minute, having bought a new car recently and bike/car insurance due over the last month or so plus lots of other things ie PC upgrade, new TV bought, which i need to take back and upgrade, and various other small things. Once it levels out i'm guessing it'll be around the same, if not a slight bit more :)
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i take it you live with parents? otherwise i cannot see how someone on £36K can afford a new car, bikes, pc upgrades and new tv's, etc and have £1500 left over every month after bills and entertainment, unless they have no bills.
 
Moses said:
It is mad. Not even researching it properly themselves.
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I think in general people should take more of a interest in investments, which is why I opened with the question and an example of what I decided to do (people often seem very cagey with this). Those looking at it should click that link tomorrow to see today's losses are, and be aware you will be unable to do anything about it other then hope for future growth. However I see no evidence of anyone putting a sizable investment in, just toe dipping with the understanding they do so at their own risk.

How many here understand their pensions other then they put in x and their employer puts in y? Who knows what their annuity rate will be? Or expects it to be?
 
Trifid said:
... However I see no evidence of anyone putting a sizable investment in, just toe dipping with the understanding they do so at their own risk.
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Out of interest what do you consider a sizable investment?

Trifid said:
... How many here understand their pensions other then they put in x and their employer puts in y? Who knows what their annuity rate will be? Or expects it to be?
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Very true.
 
Psycho Sonny said:
i take it you live with parents? otherwise i cannot see how someone on £36K can afford a new car, bikes, pc upgrades and new tv's, etc and have £1500 left over every month after bills and entertainment, unless they have no bills.
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tom_e said:
Live in a block, 'rent' and utilities for just less than £50 a month :D
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Very fortunate position :) with as Tom quoted :)

Also, NGL Tom, I thought this would be you encouraging/reminding me to buy/about a track bike :D
 
NooBish AbbZ said:
Very fortunate position :) with as Tom quoted :)

Also, NGL Tom, I thought this would be you encouraging/reminding me to buy/about a track bike :D
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rent and utilities for £50 per month? how does that even work? that is literally nothing, is it an army barracks or something? i don't see how your landlord could be making any money off that. if your electricity is included you should think about building some mining rigs and making money out of it. they will keep you warm in winter.
 
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