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

54 replies

rephles · 28/01/2024 10:52

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.

OP posts:

NoSquirrels · 30/01/2024 19:09

Bertiesmum3 · 30/01/2024 14:22

I take home around £1400 a month and I’m miffed if I don’t have £700 at the next payday that I can transfer over to my savings account

You have incredibly low outgoings!

Jingleballs2 · 30/01/2024 19:22

TrishTrix · 28/01/2024 11:05

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.

I agree with this!

Life is for living.. and yes we don't save much 🤣

Bertiesmum3 · 30/01/2024 21:51

NoSquirrels · 30/01/2024 19:09

You have incredibly low outgoings!

Show quote history

Yes
phone £10
insurance £70
prescription £11
Electric £130
food varies month to month
🤣🤣🤣
Everything else the husband pays out for
🤣

elkiedee · 11/03/2024 23:28

OP, your colleagues might have very different outgoings, for example if they bought some time ago and/or if they share mortgage/rent payments with a partner. Also, if you have 3K after paying 13% into your pension. that is savings too, and you must be paying well over £400 a month into the pension.

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