To ask how much you save each month roughly?

Usually £500 but with the cost of each month being so unpredictable, I can sometimes spend that, and more, extra the following month! My savings certainly aren’t going up over the year.

Are you looking for the average monthly saving in the UK or on Mumsnet? You’ll be looking at two wildly different figures, with an extra dash of nastiness towards high earners too – as has already come about on this thread. The average household saving in the UK is £450 per month.

We average about £500 a month, but with two huge expenses of a £3330 mortgage and £1400 nanny. We get the tax free childcare saving each month which helps (which I’m sure will boil blood and I await the nasty comments).

@Thecatspjymas

You say that but being high earners clearly they probably pay high rate tax between them so why not?

At least they're paying something into the system eh

If pensions are counted as savings, we are still paying into those…

-£3k per month ….as in we are spending that much more than we earn every month.

But it is all to plan !! And we are not going into debt.

We have two DC in Uni for whom we are paying for all their Uni costs- tuition, accommodation and allowance.

We saved up their Uni fund for this from birth. Ofc the government threw a spanner in the works tripling the price once eldest was in secondary school..boo, boo, fie on the government.

This is the overlap year, next year there will only be one in Uni so it will go down.

Then in 3 years, we will be back to positive savings.

😅😂

I wouldn't assume that those are real figures. Plus if it is - the poster is not going to take your sensible advice.

I agree with PP that it depends what is being counted as savings. I currently put £100 a month away for Christmas, £100 a month away for Car, £200 a month away for house maintenance, and then £500-£600 general savings. So I guess just under £1k. We just bought a house a few months ago so used a lot of savings for that. I'm also paying to retrain which costs about £300 a month. Two teens about to go to uni.

Threads like this make me recognise how fortunate we are and that I really do have some financial anxiety as I worry about leaving or reducing hours at a job I hate, but seeing it all in this context of what others have, I'm being a bit of an arse to myself and look like an arse when I describe how fortunate we are. Ugh.

We're not the average family. We have low outgoings and have tried to not do lifestyle creep with payrises and are ultra cautious with money. We save £2k to £2.5kpm.

I am single with a mortgage and I bought my house a year ago so lots of expenses in term of ongoing repairs...

I manage to put aside usually between £150-£200.

Not much. I had a goal to save $10k this year and I’m just about going to get there. That is for emergencies e.g. I lose my job. I do put away money separately for things like Christmas and birthdays but I don’t really count that as savings.

I have a large mortgage and a DD who is a competitive dancer. Doesn’t allow for much in the way of savings!

glad I’m not alone 🤣

Same with the circs but we save around £4.5k a month - but DH is a high earner and we live in the north.

I have just posted that we don’t save (insane to many) but JFC you’re spending 36k on holidays and you’re on an interest only mortgage???

That is literally insane, financial suicide!

Why?! What would even possess you to think this is a good idea, or that you need 36k of holidays 😳

Honestly, I am speechless. And this is from someone definitely lacking in financial restraint and prudence!

£500 currently. With exceptions for this months when we pay for holidays/Christmas etc. Was more until last month when our mortgage shot up. But we also save or invest £15-20k+ of DHs bonus.

Nothing.
V high earning husband, I also earn well.

We do have shares which are obviously an investment.

Had children young and made the decision to focus on their childhoods - v expensive equestrian hobbies, private schools, lots of holidays. They’ll both be adults before H is 40 so plenty of time to then save - and will have loads of spare money to do so without even noticing it at that point.

This is insane. Stop spending £36k a year on holidays and pay your mortgage!

£200 currently but from next month it will be £400 as DH is getting a raise.

Pretty average family, me, DH and DD. Income roughly 3k a month.

Me too: also, does budgeting for Christmas/birthdays/dentist/opticians count as savings?

£600 savings plus £1200 mortgage overpayment. Two children but no childcare costs.

About 1.3k a month. Sometimes more, sometimes less. Rarely below 1K though.

At the moment £400 but usually more like £200

Single, no children but live in London

£2.5k per month between us - but no children yet and no mortgage currently.

At some point we will need to upgrade our flat to a house and so will need to borrow for that...so this wont be the case forever!

Save about £400 per month for retirement because I'm not far away from that and have tiny pensions. About £650 a month for holidays and house renovation. No mortgage and have some savings built up over the years. Having been really careful with savings in the past I am now really quite bad with it and waste a lot of money but as I'm getting older I think I may as well enjoy it now.

Either read my posts or do your own research @FishersGate

We put a lot into pensions which at our age (mid 40s) can be classed as savings.
£3.5k into pensions
£200 into work share scheme
£150 into kids savings (2 DC)
£1400 into savings which covers holidays/Xmas etc

We have an emergency fund but school fees too so although we're reasonable earners we do have high outgoings.