To think that saving £600 a month on a £3,000 salary isn't bad

[rephles]

Take home is £3k after 13% pension contributions. Had a conversation with colleagues who all earn the same as me and they said it's stupid I can't save more than £1,000 a month.

I thought saving £600 was decent. I still get to have a good quality of life, eat out, go to the theatre, go on holidays, etc.

When I took home about £3k a month I saved about £700 a month because as important as it is, you still want to live!

How long is a piece of string. Depends entirely on your mortgage payments, where abouts in the country you live, any childcare etc.
they can't compare apples with pears.

I'm very impressed! I take home £2150 a month a save £300 which feels tough but is just about manageable! Bloody mortgage just gone up and it's crippling!

Depends on the context of the conversation.

If you were, for example, bemoaning the fact that it was taking ages to save for a mortgage deposit, then your colleagues are quite right to point out that it's should be possible to save more.

If you were saying that it was impossible to save more and have a good quality of life, again your colleagues were probably justified.

If your colleagues are just savers by nature and would rather save than spend, that's up to them and your £600 is fine and it's just a difference in priorities.

If your key bills are £2300 then saving £1000 is clearly not possible and £600 is excellent.

Our income is nearly double that and that’s about what we save in a month, probably more tbh. But we have high costs and we’re in the expensive childcare years. It’s all relative, people talk a lot about incomes but not varied costs. One persons rent will be £500 and another’s £1000. One person has car finance another doesn’t drive. And one person is single, another has a higher earning partner. Just knowing someone’s income alone tells you very little about their circumstances in general.

I take home about the same and save £1000 a month but obviously depends what your general living expenses are. Mine are about £1300 at the moment.

Holidays come from our savings, they're not additional to them.

Do you all have the same number of dc and mortgages?

we don’t manage to save £1000 of £3k income. We save about 800-1000 a month from our joint income of 5900.

I take home £4,300 and can’t save that. Depends what your mortgage is and where you live 🤷🏻‍♀️

I earn more and save a lot less. Life is expensive and for enjoying.

And you can't take savings with you!

My attitude would be different if I was still in early property acquisition phase though. I didn't do much until I was securely in my first property and am well aware that is much much harder now than it was 20 years ago.

Our joint take home is about 4k and we save £400pm. I actually thought that was pretty good!

We could probably save more if we didn't lease a car and currently paying for sons expensive driving lessons. Right now we are struggling to even save the £400.

Ratio of savings to disposable income makes infinitely more sense than savings to take home pay. You're getting hung up on the wrong metric.

Depends on your fixed outgoings. If you have already bought a property & are paying a mortgage, saving £600 a month is amazing, so keep it up.

If you’re living with your parents & paying a nominal rent, you should be looking to save at least twice that to accumulate a deposit on your first property.

It depends entirely on your disposable income after living expenses. Maybe you live at home and bung your Mum £50 per week or maybe you have 2 kids and a mortgage so your initial post means nothing without context.

I save £700 on a £2400 salary but my mortgage is low

My rent alone is over £1k a month for a bedroom in a shared flat.

I have a flat deposit ready, just don't want to buy yet as not settled on this city yet.

If you have comparable lifestyles it's worth thinking about where that £400 goes.
So are you travelling more, socialising and enjoying the money? Are you paying to price for everything because you can even though you don't need to - contacts etc. Are you subsidising other people allot when you go out?
If the£400 is genuinely working to make your life better then ignore them, we all have different wants and needs.
It's two months salary a year, so depending on how much you're doing into it, and how long you've been saving, you've got a reasonable back up there

What are you saving for? And what savings do you already have? That’s more relevant than what others save.

I save 150 a month out of a similar salary. I'm the high earner in our house. Then 100 goes into kid savings.
Thought I was doing fairly well! No car on finance, no debts other than mortgage. Petrol costs are high though. And our house is a money pit.

Sounds like you’re doing really well OP, to have your deposit already and be saving that much. I don’t think you’ve got anything to worry about 🙂

It depends on your situation, my take home is higher but I can’t afford to save. My income is all gobbled up in expenses to live!

Up to you isn't it. You could save more you just have different priorities

Oh I feel awful now. Our combined household take home pay is about £5000 and some months we don't save anything! We do have savings but also very high outgoings and often there's not much left over.

You are being sensible while living your life .
if your comfortable and happy you are in a good place . Ignore what others say .

Around £3500 abroad net with accommodation and the bills paid by the company, with a young child and a partner and we just about to save £1k a month but we also save mortgage payment on our England property as tenants are residing there. £1k is after accounting for our holidays and our one abroad holiday usually costs £3. Main reason of coming abroad was to save. In the UK we had similar salary.