How much do you save a month?

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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With that sort of spare cash, doooooo itttttt.

There's be loads popping up on the trackday addicts FB group that even I've been eyeing up.
 
izzop said:
Out of interest what do you consider a sizable investment?
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I believe the saying what ever you can afford to lose is appropriate. The problem with putting a number on this, is I feel it would encourage others to risk more then they were willing. I did plenty of research before signing up and started with 15% of my cash savings, of which I have no current foreseeable requirement for. I took it slowly, looking at the Vanguard options specifically for about 4 months and had been considering investments for a couple of years.
 
Psycho Sonny said:
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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Not army but Forces :)
 
tom_e said:
With that sort of spare cash, doooooo itttttt.

There's be loads popping up on the trackday addicts FB group that even I've been eyeing up.
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and NO! The amount of ways i've thought about it :p Trailer and towbar? On a 340i? Nahhh, and I'd need a trailer-license. Van? But i'm not having two bikes, a car AND a van. So the car would have to go, but would i ever want to drive up to Manchester/anywhere else in a van? Nope. What about just hiring a trackbike at each day? Nope.

Buy a trackbike and hire a van each time I book a day? Nope, looking at £500 a day for van hire/fuel, trackday cost etc.

In a few years .....

I'll debate it again and deem it unnecessary :rolleyes: :( :(
 
At the moment I save roughly £150-250 on average, in about 4-5 months that'll jump back up to around £300-400 as I picked up a tiny bit of debt when I bought my car in June and that'll be cleared by then.
 
I don't save a fixed amount per month % wise.

I made up an arbitrary figure based around if I fancied buying something on a whim, then I make sure that every payday I have the full months wage plus said arbitrary figure, whatever is left goes into my ISA. Last month it was £662. This month will be less because I've bought something, so it's looking to be around £350 ish.
 
Currently zero, have too many debts to pay out on first, hopefully once I get themn all sorted (in a few years) will end up with about £2k spare each month to try and save.
 
Saving £1000 a month at the moment which will slowly increase to £1500 between now and January.

This is only possible due to friend allowing me and my wife to house sit for them for 2.5 years.
 
Between 10-20%. Should be higher as I'm on a 'good' wage in theory but the cost of living in the South West is going through the roof but we don't have the wages to support it :(. Might aswell be in London or oop North, get the worst of both down here.
 
SideWinder said:
Curious really...currently in a position where i just need to be more careful and save money each month rather than burning it all away.

So how much do you save?

I guess a % of your income per month would be helpful!

I am on 30k and aiming to save 400 this month...did it once before but not in a few months due to various events such as weddings, stag dos etc.

Just need a bit of motivation...!
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I Get around £6,000 a year on benefits i have to save around £120 to pay mobile phone bills, so that is £550 a month.

I still get eesa and dla and i should be on pip if you know what i mean.
 
£32k p.a. salary
~£1k pm in rent & utilities

Saving £300pm into 2 house deposit ISAs (200 into a Help to Buy and 100 into another)
Saving £350pm into a "big spending" savings account e.g. PC parts or holidays.

Doesn't leave me with a big living/social budget but making it work!
 
Between us about £500 into a pension and £450 into savings. But for the last two months nothing into savings as we've been sorting the rest of the house out after the extension.
 
Glaucus said:
So those that use moneybox, how much do all those sub £1 top ups add upto in a month.
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I was interested in the concept but the charges are too high unless you seed it with a reasonable amount first. The flat fee £1 per month eats into low fund values, and the investment charges are on the higher end of low rate and the platform charges are simply high. I'd avoid it. Moneybox will make more money out of it than the users.
 
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