To ask how much you save each month roughly?

[SunnyWavess]

As the title says - how much does the average household save each month once everything is paid? Some families won’t be able to save anything and that’s their experience.

zero
£50
£100
£200
£500
£750

We’re all different of course but would like some insight of the average house - thanks

My child is over 3 and everyone gets 15 hours universally.

Equally we could both be on 99k, mortgage-free & pretty frugal. That would still entitle us to the extended funded hours.

Nothing, I live within my means but at the minute have a £3k cc bill for essential dentistry to settle

I dont think this is true, my dsis and partner are high earners and don't receive funded hours. So they aren't earning as high as they say or they are fibbing

But they’re probably paying a lot more into the system through tax on income/saving/spending. The system is working just fine.

But not everyone does get it. If you earn over £100'000k net you aren't entitled to the 30 hours so hopefully those savings will top your huge nursery bill coming

Pointless to ask without asking what % it is of a monthly salary.

I save £40% of my salary every month. DP saves 50% of his.

I tend to discount savings for annual expenses and count savings for medium term expenses.

So I have £225 going into savings for "annual bills" e.g. house insurance, car insurance, MOT, new tyres etc. £200 going into a different account for holidays. Those I don't really count as savings.

Then there's another £400 that goes into "medium term" so for if the car dies or I need a big repair on the house. I do count that as savings as paying for things like that is the point of having savings!

Then anything else I just sort of save because I don't need to spend it and I try to avoid lifestyle inflation because I don't want to end up stuck working a job I don't enjoy.

I'm sure the actual figures will be available from statistical information gathering soutces

The figures here are totally random and will give you no useful information at all. You don't even need to ask the question to know that it will range from £0 to £000, I'm wondering how a series of numbers with no context helps you, you don't even know if they are true. But I've noticed that mumsnet is obsessed by how much other people save so you can probably easily find all the other threads for more numbers

900 plus mortgage overpayment of 250 .

300 of this is short term ( holidays and minor household repairs )

400 medium term ( garden office )

200 split between premium bonds and stocks and shares ISA that is either my "I ve lost my job "or "I can retire a bit earlier and not withdraw my pension fund ". Depending what happens in the next 20 years

My entire salary. My DH salary is enough to live on comfortably.

That's 10p more than me 😅

We put a lot into pensions which at our age (mid 40s) can be classed as savings.
£3.5k into pensions
£200 into work share scheme
£150 into kids savings (2 DC)
£1400 into savings which covers holidays/Xmas etc

We have an emergency fund but school fees too so although we're reasonable earners we do have high outgoings.

Either read my posts or do your own research @FishersGate

Save about £400 per month for retirement because I'm not far away from that and have tiny pensions. About £650 a month for holidays and house renovation. No mortgage and have some savings built up over the years. Having been really careful with savings in the past I am now really quite bad with it and waste a lot of money but as I'm getting older I think I may as well enjoy it now.

£2.5k per month between us - but no children yet and no mortgage currently.

At some point we will need to upgrade our flat to a house and so will need to borrow for that...so this wont be the case forever!

At the moment £400 but usually more like £200

Single, no children but live in London

About 1.3k a month. Sometimes more, sometimes less. Rarely below 1K though.

£600 savings plus £1200 mortgage overpayment. Two children but no childcare costs.

Me too: also, does budgeting for Christmas/birthdays/dentist/opticians count as savings?

£200 currently but from next month it will be £400 as DH is getting a raise.

Pretty average family, me, DH and DD. Income roughly 3k a month.

This is insane. Stop spending £36k a year on holidays and pay your mortgage!

Nothing.
V high earning husband, I also earn well.

We do have shares which are obviously an investment.

Had children young and made the decision to focus on their childhoods - v expensive equestrian hobbies, private schools, lots of holidays. They’ll both be adults before H is 40 so plenty of time to then save - and will have loads of spare money to do so without even noticing it at that point.

£500 currently. With exceptions for this months when we pay for holidays/Christmas etc. Was more until last month when our mortgage shot up. But we also save or invest £15-20k+ of DHs bonus.

I have just posted that we don’t save (insane to many) but JFC you’re spending 36k on holidays and you’re on an interest only mortgage???

That is literally insane, financial suicide!

Why?! What would even possess you to think this is a good idea, or that you need 36k of holidays 😳

Honestly, I am speechless. And this is from someone definitely lacking in financial restraint and prudence!

Same with the circs but we save around £4.5k a month - but DH is a high earner and we live in the north.