To ask how much you save each month roughly?

That's 10p more than me 😅

My entire salary. My DH salary is enough to live on comfortably.

900 plus mortgage overpayment of 250 .

300 of this is short term ( holidays and minor household repairs )

400 medium term ( garden office )

200 split between premium bonds and stocks and shares ISA that is either my "I ve lost my job "or "I can retire a bit earlier and not withdraw my pension fund ". Depending what happens in the next 20 years

I'm sure the actual figures will be available from statistical information gathering soutces

The figures here are totally random and will give you no useful information at all. You don't even need to ask the question to know that it will range from £0 to £000, I'm wondering how a series of numbers with no context helps you, you don't even know if they are true. But I've noticed that mumsnet is obsessed by how much other people save so you can probably easily find all the other threads for more numbers

I tend to discount savings for annual expenses and count savings for medium term expenses.

So I have £225 going into savings for "annual bills" e.g. house insurance, car insurance, MOT, new tyres etc. £200 going into a different account for holidays. Those I don't really count as savings.

Then there's another £400 that goes into "medium term" so for if the car dies or I need a big repair on the house. I do count that as savings as paying for things like that is the point of having savings!

Then anything else I just sort of save because I don't need to spend it and I try to avoid lifestyle inflation because I don't want to end up stuck working a job I don't enjoy.

Pointless to ask without asking what % it is of a monthly salary.

I save £40% of my salary every month. DP saves 50% of his.

But not everyone does get it. If you earn over £100'000k net you aren't entitled to the 30 hours so hopefully those savings will top your huge nursery bill coming

But they’re probably paying a lot more into the system through tax on income/saving/spending. The system is working just fine.

I dont think this is true, my dsis and partner are high earners and don't receive funded hours. So they aren't earning as high as they say or they are fibbing

Nothing, I live within my means but at the minute have a £3k cc bill for essential dentistry to settle

My child is over 3 and everyone gets 15 hours universally.

Equally we could both be on 99k, mortgage-free & pretty frugal. That would still entitle us to the extended funded hours.

How do you get funded nursery hours on that much income?

@ViscountDreams we have two and a half more years with this mortgage and then we will get another mortgage and maybe have less to spend on holidays if the terms are less favourable. By that point our eldest will have left home and we will probably need to pay for uni so our whole lifestyle will change but for now we wanted to enjoy travel and time as a family while the kids are all still at home. Once all the kids have left we will leave London and hopefully be mortgage free but that’s a while away.

About 1k per month. I thought it was more. Should ramp it up but too busy enjoying spending it and living life after years of no money.

Each month after we have paid the bills and kept money in our account for that month’s food and essentials we put £3k in a savings account for holidays and £750 in an account for Christmas and birthdays.Sounds loads but at the end of the year we have no savings as we spend both accounts on holidays and Christmas and birthdays. We only pay the interest on our mortgage

You spend £45k net a year on holidays, Xmas and Birthdays but only pay the interest on your mortgage? What are your plans for when your term expires?

Nil.

I don't feel like we're low earners (take home about £3.5k a month together) but by the time we've paid nursery fees, mortgage, bills we have about £400 of "fun money" for the month and that seems to just go on weddings and emergencies and new shoes for the toddler and I don't even know what else. We end each month overdrawn

Agree with previous posters that it’s hard to define “savings”.

Each month after we have paid the bills and kept money in our account for that month’s food and essentials we put £3k in a savings account for holidays and £750 in an account for Christmas and birthdays.

Sounds loads but at the end of the year we have no savings as we spend both accounts on holidays and Christmas and birthdays. We only pay the interest on our mortgage so we aren’t increasing our actual wealth at all. We don’t own a car (London based).

I was saving 1.8k a month then I became disabled and now save zero.

Nothing! I’m retired and did my saving and investing when I was working and my children had left home and my mortgage was paid off!

I decided not to convert all my pension pots to monthly income but to leave the one with the largest pot for draw down purposes. So far I’ve been using my savings to top up my income and pay for major purchases so the pension pot is still untouched but I reckon in a couple of years and a refitted bathroom, I’ll have emptied the coffers and will start accessing the pension. If I’m still here when that is spent then my plan is to downsize and access the money from the sale.

I am fortunate to be in the position that I don’t need to save up for large purchases, my pre retirement investment planning seems to have worked out well!

I feel very happy to be saving around 400 pcm as it’s the most I’ve ever been able to save. Bank has a good interest rate going so I thought I’ll try to make the most of it. Half that also goes into funds like new washing machine, kids birthdays, treats for me, holidays and even an account for oil. So it’s just put away really to enable me to cope when these bills need paying.

Zero. We don’t have any luxuries or even a car.

I'm wondering if the OP is going to tell us her figures.

I’m never sure what people mean by savings - we put money away for car replacement, holidays, house repairs etc but all will be used in the shortish term (within 3 years say)

Agree with this.

I have savings pots coming out of my ears. New car fund, holiday fund, Xmas, home reno, long term etc.

I could say that every month we put by about £1400 in 'savings' which sounds quite decent. But most of that gets gradually spent out, it's really just life maintenance money. We don't have a pot sitting with an extra £16.8k building in it every year (if only!).

Of that £1400, for actual 'real' long-term savings, which we wouldn't dip into and don't quite know what it's for yet, we save £400 pm - about 10% of our net income.

Figures on this thread are wild though 😂 I really don't think they're representative!

I save around £400pm. DP about the same.

We have a lot of savings/equity but we're trying to pay down as much as possible on the mortgage, so not saving as much as we used to whilst doing that.