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 think the hardest bit about saving is taking the first step & actually setting up that transfer into a savings account, on the day you get paid as @SushiGo suggests. Good advice there, it’s all about the timely transfer of funds

Monthly salary is 2772 and that’s after 15% pension contributions and £200 a month into the share scheme.

I’m in the process of buying a house and currently saving £1500-£1900 a month

I try to save anywhere between £300-500 a month, plus I pay 5% into my pension which is matched by my employer.

I earn £40k, DH earns a bit more than I do and saves slightly more than me. We saved more before we bought a house.

I think the ‘golden rule’ is try to spend 50% of net income on essentials/stuff you couldn’t live without and then 30% on other stuff (the ‘not essential but make life enjoyable things’) and 20% savings.

That’s obviously not possible for everyone

Current salary £40k, single parent with new mortgage - don't save anything.

Moving to a role with a significantly higher salary in Feb. Aiming to save £500pm as well as having a bit more to spend.

Civil service pension with associated contributions.

£500 goes to shares for our sons future
£350 we save for us
£50 for DS's everyday account
£100 Xmas

Massively varies - this month (salary c. Mid 40k-ish) I’ve put £400 aside but next month my car insurance is due/ if I can save even £50
I’m happy- this is alongside paying off my credit cards.

in 3600 p/m
savings 1500-1800 p/m

We invest a minimum of 20% of take-home household income in S&S ISAs (1/6 of this for kids, 5/6 for us). Then whatever else we can spare goes into easy access savings. Some months might be an extra 30% or 40% of take-home income, some months nothing at all. Usually somewhere in the middle.

About 2.5-3,000 a month.

£33k salary, I save about £1k a month. I don’t have a mortgage though which helps

Single parent renting, my monthly income is £1800 and I try to save between £20 and £50 a month but I'm going to try 'paying myself first' which I've read about on MN so the money goes out on payday rather than whatevers left at the end of the month. I'm also paying some debt off and cutting right back on things like buying lunch at work etc so once the debt is paid I should be able to save £150 hopefully

I put money aside for other spending too, £200 a month into the birthday and Christmas account and £25 into my car account to cover MOt, service, tyres etc

Around £1000 a month,

I'm a single parent and fairly careful, I don't spend much, and am a contractor so on a weeks notice at any time.

I save 1,000,000 per month and my take home pay is 3,000,000.

🙄

I save £250 a month in our joint savings account. £100 in a stocks and shares isa. £50 in both DC's junior savings isa's. Considering setting up a junior stocks and shares isa and sticking £10 in each for them in the hopes they'll have a nice little nest egg by the time they're 18.
Sometimes I have to withdraw money out of my savings if things are tight though! (Recently took a pay cut to change career)

budget planner

I recommend doing the Money Saving expert budget planner.

It makes you consider all your outgoings and income, including less frequent expenditure. You can then budget accordingly, and work out how much you can afford to save, plus set up savings accounts for Christmas, holidays, birthday presents, etc.

Nothing, I can't afford it.

Nothing, unfortunately. Prices have shot up but my income has not.

We earn around £1800 per month between us, but no mortgage. Until last month our income was only £1000, so we were struggling a bit, but now we both have jobs I hope to put between £3-500 a month into savings. It will mainly be saving for Christmas, holidays, furniture etc., rather than permanent savings, although I hope I can siphon off a little to build up our proper savings. We have around £13k in proper savings, from redundancy last year, but I'm very wary of dipping into it as we'd never be able to save it again. I really want to build up a pot for driving lessons, weddings, house deposits etc to help out our boys when they grow up (primary school age now so we have a bit of time!).

Also planning on topping up each of our pensions by £50 each a month and £20 into each of our kids' savings.

30% Combined income - dh fairly high earner; I have a charity job so not so much there.

Any money that isn't for bills/food shop but we're saving for a few pricey things we can't buy out right. Usually 10 percent.

Joint income of around 40k pre tax etc, currently saving £550 a month but it’s hard going!

We save just over 10% of our joint income but I'm on maternity leave now so this will be the last month we can save and then we'll be going the opposite way and withdrawing from savings!

From this month we no longer have nursery fees, so aiming to save much more than before - £1000 per month minimum. Two full time incomes (on paper above average salaries but sometimes doesn't feel that way!)