Savings how much

[Greatballsofedam]

So there are a few threads going around about money and how people can't cope on what they earn
My question

1. what do you earn
   
2. what are your outgoings
   
3. how much is left at from your salary's at the end of the week/month/year
   
4. how much in savings do you have
   
   I am just interested to see some answers

[blue25]

90k joint salary
Monthly Outgoings £1800
Left over each month approx £2800
Savings 20k+

[flownthecoopkiwi]

Income around £90k a year, but just taken on a huge mortgage so expenses have gone up. Have savings of £25k, but 10k of that is going on house improvements.
Outgoings high, with childcare and mortgage but we have enough for a comfortable lifestyle. Just.

[RortyCrankle]

I'm shocked people are happy to give out such information on a forum. Let's hope MN don't get hacked and they get hold of your RL info. I'm even more shocked that you would even ask.

[BarbaraofSeville]

I am intrigued if big earners are any better off happier than lower earners, or just have a fancier way of life

Some just have a fancier way of life and develop very expensive tastes and quite extreme ideas of what is an essential as opposed to a luxury. In some cases they can spend an enormous amounts and still claim to not have an extravagent lifestyle.

An example would be Jo Malone candles not 'cheap and nasty' Yankee candles, naice villa in the posh end of Mallorca and eating out on the Pine Walk instead of 3 star AI and shopping at Waitrose instead of Asda and just going round throwing in what looks nice instead of buying offers and looking at prices. It's still a candle, a holiday and weekly shopping but will cost 2/3 times what is considered normal to people on average incomes.

[RedMetamorphosis]

Joint earnings - just under 100k.
Outgoings - approx £15k per year.
Savings - approx £250k.

[cheeeeselover]

Thats me well and truly depressed then :(

I think I must live in a parallel universe. Still, something to aim for!

[CoolCarrie]

Don't you know it is very common & unbritish to ask people what they earn OP? Maybe you are American ?

[MinesaLattecino]

How old are you OP? Because those are some impressive savings and by my reckoning if you saved all of your expendable income it would take over 20 years to get to #300k? Assuming your income remained static.

How did you do it - unless it's an inheritance, in which case condolences, or lottery win, in which case congratulations!

[BarbaraofSeville]

Threads like this serve mainly to illustrate how different the Mumsnet demographic is to the UK as a whole, where average salaries are around £27k and well over half of people have savings of less than £1k so their finances would take a significant hit with an unexpected bill of a few hundred pounds.

There was an article in today’s Times about this. Earnings of £100k+ and savings of tens or hundreds of thousands of pounds are not the norm at all.

[carrotcakesareyummy]

common and unbritish, oh dear OP that's you told

[timeforabrewnow]

hairspray good for you if you are able to save that much and I hope you reach your deposit goal sooner rather than later I'm only grumpy because

I'm a tad envious as we always seem to be running to catch up with ourselves, but it should be better once the mortgage is paid off next year... Living with 3 teenagers seems to result in a lot of income being spent on food and clothes/shoes, and bus fares etc to school.

We are fortunate to be able to put an extra £100 towards the mortgage.

[marriednotdead]

I earn just about enough to pay my bills.
I have enough saved for a very cheap funeral but haven't added to it in a long time as there's rarely anything left these days.

My exh earns 4x what I do and took it all with him but I'm happier

[toomuchtimereadingthreads2016]

V young couple, 2yo DD and DD on the way in summer: DH earns 28k before tax, I earn 25k. He gets an extra 500 a month for unsociable hours. He pays rent and bills. I pay child care and food. Apart from that we each pay our own costs and share DDs as and when. I save 200 a month. DH saves a lot. Last year we saved 15.000 and bought a new car. In the last eight months we have saved 10.000 towards our house deposit (renting atm). We live comfortably and don't have to penny pinch. Most of money "wastage" is on lunches/meals bought whilst at work.

Need to save another 20.000 for our deposit, not in any hurry, suppose savings will slow whilst I'm on mat leave for 6 months

[hoddtastic]

are we taking all of this at face value then? :D

Remember that 'show me your bedroom thread' where some mumsnetters linked to their own bedroom from estate agents brochures and one lived in a luxury Parisian hotel (or at least that was the source of the photo she claimed was her room) #strokeschin

[PickAChew]

DH earns plenty for these parts but not enough to pay higher rate tax. Very few people in our area do.

I have a much smaller income.

Our outgoings are a lot less than our income, at the moment, as we're currently mortgage free. That will change when we move to somewhere bigger, later this year.

Currently each have over a year's income saved. That will also change as we'll need much of it for deposit and moving costs.

[diddl]

"But I am amazed at the people on good salaries unable to save, or even overspending."

I know!

I'd be ashamed to be earning what some are & be in debt.

[IadoreEfteling]

I dont get the people who say threads like this make them feel poor, dont you watch tv programs with wealthy people in, see nice cars driving past your house, read magazines, see stuff about the rich and famous, walk /drive past nice houses? whats the difference.
Comparison is the thief of joy. Gilly - inspiring post there

[SantasLittleMonkeyButler]

Less than average income, less than average outgoings and next to no savings.

Currently job hunting for something better!

[Judydreamsofhorses]

This time last year we had a joint income of about £90K, and decent savings. DP got made redundant and has struggled to find something else, so we now have only my income (just over £40K) and a lot less savings.

[Notso]

We don't really have savings as such only around 1.5k. We start every year off with 10k savings but then spend it through the year on things like home improvements, Christmas, birthdays, weekends away and any new appliances we need.

DH has shares that could keep us for 6 years if he cashed them in and we have good health insurance and mortgage protection.

[cheeeeselover]

Could we add:

5) what do you do?

So I have an idea what door I should be poking my foot into?

[Evereve]

We have a few thousand in savings. We also have a business and other personal assets, so it goes up and down, if that makes sense? I'm not going to divulge how much we earn, or our outgoings (though our business rates are astronomical), and we put a lot of it back into the business.

[flownthecoopkiwi]

another interesting thread would be 'how many of you had an inheritance that allowed you to buy or pay off lots of your mortgage?"

[PigletWasPoohsFriend]

@LorelaiVictoriaGilmore I'm trying to do the maths but I honestly can't see how an entire £81k salary can go on season ticket and childcare for one child.

I can't see it either tbh.