How much do you save per month?

[CaveWoman1]

Be it 0 or £100’s!! And what is your salary? I’ve made a New Year’s resolution to try & save £10 per month. It’s not much I know but it’s a start. I earn £23,300 on a 4 day week. I’ve got a mortgage, & the rest goes on food/bills/petrol etc.

Just curious as to what others are saving in relation to their salaries?

I really should save more. I spend an embarrassing amount on supermarket shopping / random coffees / random crap.

I only have a direct debit set up to save £100 pcm but I usually do save more than that. I am also self employed so I have to pay into my pension which is £500 pcm. My income fluctuates a lot though so some months I can save £1000 and other months nothing. On average it’s about £30k per year gross though.

£400 to £500 per month

1. Although we put £20 into the children's savings account

www.gov.uk/get-help-savings-low-income
HMRC scheme for anyone eligible it's well worth it even if just £10 a month as you get a 50% bonus if you keep it up for 2 years. Again after another 2 years, but only if you don't take it out.

Am on mid £50k ish. I am separated so only my salary comes in. I save between £800 and £1000 per month.

Forgot to say, I work part time and husband full time. Earnings around £30k a year

I would like to save £100 a month.
Do I? Well, it's a work in progress....

Also pay in to a pension and save £200 for DS although this is split with ex

Disclaimer, I am not in the UK. I save about 3k USD which is 30% of my monthly income. No kids though, that helps with savings!

We're saving for a mortgage and save around 20 - 25% of our salary each month. Our rent is 30% (€1700 a month).

We could save more but prefer some luxuries.

I have £200 which comes straight out my pay into a credit union. Otherwise I'd spend it.

Above average pay. No debts.

Earn 46k, save £1250 for house deposit, £250 for Christmas and birthdays and sometimes a bit more for holidays. Not paying any rent at moment hence can save as much as I do. Have saved 30k towards house deposit

0 I have lots of debts to pay off, when they're paid off in a couple of years I hope to save a couple of hundred each month.

£400 per month. But savings recently ransacked due to a mix of illness (tuped to a company which only pay 4 weeks sick leave, and I was ill for 3 months) , vet bills (about £1k and about £2k of work needing done to the house and Christmas. So, savings are a bit run down but will build them up again. So glad that we had them and didn’t have to get into debt though

@GettingStuffed

Joint income 1 state pension, what's savings?

That’s really tough. I couldn’t do it. Surely you must be entitled to pension credits?

Aim for £250-300 but totally depends on the month. Our income is bang on average.

We had no savings for a really long time, but had lots of debt. As we paid off the debt and those payments reduced we started putting what would have gone towards the debt into a saver instead. Starting with £10 is great!

Best tip is definitely put the amount you've decided to save into the saver on the day you get paid. At the end of the month if you've got any money left scope that into the saver too.

Smallish amounts of money can add up really quickly.

Husband and I both teachers with joint income of £86K. Before maternity leave, saved around £1,000 a month into various different funds, e.g. car, baby, household savings. When I return to work it will be less due to part time working hours and nursery fees.

£40k salary

About 30% of my take home wage goes in to savings. But thats because I don't have a decent pension.

No kids

43k salary, DH 60k salary

I save 100 per month towards xmas and thats it at the minute.

Our expenses are really high at the minute as were in the process of moving so are paying rent on one house and mortgage and renovation costs on another house.

When we were saving mortgage deposit we put away a minimum of 1200 per month.

Actual savings not touched is £50-100 per month, kids get £10 each in their savings (£60 total). I put £350 in to other savings accounts but they are for car insurance, pet costs (insured too), birthdays/Christmas and a rainy day fund. Under £50k household income.

45/ month into the credit union.
35/ month into an ISA for the kids.
50/month mortgage overpayment.
Whatever is left at the end of the month into the general savings pot.

My whole salary (8 hours per week circa £350/month) goes in a holiday account too . I always feel like I'm not saving enough but when written out it seems a lot better.

£100 per month to my best pal for trips away

Apart from that zero

As a percentage it’s not huge but I’m paying 2k a month mortgage so some of that is savings equivalent.

30k single parent to 2, save £25 every week by standing order, and £50 a month to Help to Save. Also have child benefit go into a separate account to build it up

I've also got some premium bonds and have reinvested any wins

Basic salary is £45k and I save £1,200 a month. Every penny from my bonus and commission which is roughly another £8k a year also gets saved. DP is self-employed but earns similar and saves about the same.

However, we currently live in a 1 bedroom flat while we save for a house deposit so later this year when we’re paying a mortgage we’ll be saving significantly less than that.