How does someone on a supermarket salary obtain so much in savings?

[YourPoisedFinch]

I have £20,000 in savings, £15,000 currently in an ISA and I have around £72,000 tied up in stocks and shares etc..... how did you obtain all this on a supermarket job?

And the offer to "reduce the sticker" for more money ....

If you are a till worker/shelf stacker then it’s highly unlikely unless you have a partner, somehow pay very little bills or had an inheritance.

People do these threads and say things like “I only work PT and have X amount of holidays and savings. If I can do it then so can you!”.

Then you find out their DP earns 6 figures, they have wealthy parents and don’t pay any bills.

You sell drugs on the side.
You have a Trust Fund.
You inherited 1m
Your DH is a Hedge Fund Financial Wizard
You won the Lottery
You won top prize in a quiz show
You are immortal and have been saving tiny amounts for a thousand years
You discovered gold in your garden
You found a big lump of Ambergis on a beach and it sold at auction for millions
You wrote a best selling novel in your spare time
You are a very successful gambler
You have sold spare organs to wealthy sick people

Shall I go on or have I nailed one?

Lol
It's a bit like the if you retired before 60 thread. Modest teaching job,, promise of a final salary pension, oh and 11 buy to let properties. Well that certainly helps.

on the off chance this is real

the supermarket job is actually area manager for said supermarket
they got ft job at 16 and live with parents who don't charge rent or board or lodgings Their own bills for phone and transport are about £100 they live in area with good public transport and don't have a car so can save 70% of pay even on minimum wage that still leaves a few hundred a month for fun clothes presents holidays so savings nearly £10,000 a year add in a few generous grandparents and gifts and by 25 there is a nice nest egg especially if have frugal tastes in clothes etc

£500 a month for lodging and £500 a month on everything else would leave you with about 8k a year to invest. Put that into something at 2% interest and it would take you about 11 years to get £100K savings.

Really depends on the person, and what their living costs are, and their attitude to saving. My eldest will have more than you in savings & ISAs (has more already actually and she's only 25) and should have more than you in stocks and shares ISAs by the time she is 30-32, none from inheritance unless we die in the next 7 years. She's just a big saver. Does overtime, and does self employed well paid specialist work too. But she doesn't go out very often, spends next to nothing on clothes and is generally very sensible with her money. She can easily save well over £1k a month. No plans to buy a house just yet.

Whereas her friend is hopeless with money and has no savings and an overdraft.

……

@Vroomfondleswaistcoat I'm fascinated to know if you write about any tit bits from your customers that you've gleaned at checkout?

Most likely not having a life at all.

I work in Aldi, save around £600 pm and have around 25 k in savings (( was 30ish but I've just bailed dd out ))

I'm able to do it because my mum died years ago and I used the money I was left to pay off my mortgage. I'm not a massive spender either so get by quite easily.

Suggest you withdraw some and spend it on better drugs.

What an odd post, how would someone else know how you saved that?

Don't forget BOGOFF offers and staff BOGOFFs.

Become a store manager?

I think OP has a neighbour or relative who is in this position and OP is snooping for answers.

I think OP has a neighbour or relative who is in this position and OP is snooping for answers.

No, as has already been stated a few times, the OP saw this on Reddit (UK personal finance Reddit) but they omitted the part where the person involved lost both their parents before the age of 30 and inherited. And also sounded in mental difficulty.

Haha I thought I was the only person still saying this!

I wouldn't be taking the OP seriously given some of their other posts.

Ha! No, I've got enough going on in my head without needing to trawl real people for ideas, but things like speech patterns, descriptions etc probably make their way into some of the books!