To save 10% of my salary each month?

31 replies

AdeptEagle · 06/04/2025 17:39

I’ve been sticking to saving 10% of my pay but some people I know think it’s too much or that I’m being too cautious. They say I should be enjoying more of my salary now, instead of worrying about the future. Is it unreasonable to prioritise saving or should I be spending more in the present?

OP posts:

SomethingSScintillating · 06/04/2025 17:43

It's entirely dependent on you surely? Have you got enough savings, do you have something big to save for? Do you have dependants do you earn a lot of money, do you enjoy yourself?

DrMadelineMaxwell · 06/04/2025 17:43

I save 25% of mine.
My daughter wants to buy a house so saving more than 50% each month.

It's relative to what your goals are and what you can afford.

Snorlaxo · 06/04/2025 17:42

Some people are the people who aren’t saving and want to make themselves feel better about it.

It’s a good idea to save just in case and if it’s easy to do right now then go for it.

cakeandteaandcake · 06/04/2025 17:42

Well it’s hard for anyone to advise without knowing your age, life situation or salary! But I actually think you should be saving more than this if possible. I don’t think saving 10% is a lot

MasterBeth · 06/04/2025 17:42

How would we know? We don't know your salary or your circumstances. It's no-one's business but your own. You crack on.

Sahara123 · 06/04/2025 17:41

It’s entirely up to you to do whatever you want, it’s not up to me or anyone else for that matter 🤷‍♀️

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