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

Why?

Project? No project, just curious, the same reason people post anything on here.

If you care to RTFT you’ll see I have replied.

Its perspective isn’t it. It’s interesting to hear different opinions and experiences

I wouldn't count things like saving for annual bills, car ins, car maintenance, house ins, Christmas, birthdays etc as savings. That's just budgeting really. We worked out roughly how much each of these type things cost and added 5% to be safe, have a separate pot for each that gets paid into monthly. The money is there when needed. It did take a bit of time to get to the point that I could do all annual expenses like this.

As for savings we are lucky to be able to put away approx £1400 a month for medium to long term savings. Medium is larger house projects such as new bathroom, windows, carpets, garden etc. Long term is for additional money in retirement. I want to be able to get someone in to do the garden, paint the house go away for a long weekend at the drop of a hat without worrying about where the money is coming from.

We also save into regular savers each month and at the end of the term transfer to an ISA. The money in these is for car purchase in the shorter term and for the other longer term to help with health costs in later years. I would like to have the option of better than NHS for things like hearing aids if needed, private physio or a cataract op etc. Could never afford full private health care so this hopefully would make a difference to some aspects.

We both have full state pension when due and also have okay works / private pensions. The longer term savings mentioned above are just to give that bit extra comfort.

It has taken a long time to get to where we are. 13 years ago we had £15000 of credit card debt. We were only just scraping by and lived hand to mouth most months. Now our mortgage is paid off, partly because we chose to stay in a house that many on here would deem small, one bathroom, one living room, no separate dining room etc. We could have moved and had a house twice the size but we decide to prioritise financial security instead.
The best thing I ever did was go onto the money saving expert forums. People on there give great advice on debt, savings, pensions all without the mumsnet 'is this a stealth boast' crap. There's none of the immature jealousy on the money section that you get here. If any do pop up they are generally politely told to stop.
I read the advice on how to save, how to pay down debt effectively and how to budget and I put it into practice.

Sorry it is so long. I just wanted to show that it is possible to get from having not a penny in savings to being in a okay position.

Gosh, I thought I was doing OK but after reading this thread - perhaps not!

We put 300 away each month into long term savings. Once a year dh will dump more money in after his tax returns are done. Perhaps 5-10k.

Holidays, Xmas etc come out of any accumulation in our current account.

Husband and 1 Dave around £3k with 4 kids and one on the way.

Bit you are doing okay, you are saving within your means. When I first started saving after paying off credit card debt it was a standing order into a basic savings account for £50 a month. Then at the end of each month anything that was left over even if it was just £1in the current account got moved to the savings account. I also used to do savings challenges eg. Check the current account daily and move any shrapnel to the savings so if there was for example £575.63 in there I would move the 63p to savings. It might not seem much but it isn't missed and could easily add an extra £20 a month to savings.
Any pay rise we would immediately take a quarter of it and save it. We would set this up on the savings standing order to go out immediately from the first month so it was never missed. When we paid off a loan or a credit card we would start to save half of the amount that we had been paying and the other half was used in general day to day to make life a bit nicer
It took a long time but it is so true what they say, small amounts really do add up.

Without being outing. Not a job. Equity stakes in various businesses, director of all.

That isn’t a valid concern for us.

Could sell all shareholdings, have a good chunk of home equity too and good pensions.

In terms of health also very well insured for all eventualities.

Could pay mortgage on single salary, school fees too.

We aren’t concerned!

Why are you saving nearly $4k a month but only paying the interest on your mortgage? Not judging, just don't understand.

Around £1k (together with DH)
No mortgage
One almost 6 month old baby

And around £200 for the baby in a pot. The £1000 is for holidays, emergencies, etc

£36k a year on holidays and 9k a year on Christmas is a bit mind boggling.

Well you could then argue why don't single childfree/childless people who fund everyone else's choices don't get some benefit back like 50% off council tax 🙄 such is life though

Me 1500
DP 400
im 59

About £350 into savings but another £450 into pension investments. At the end of the month I move any money into savings if can afford to.

I have existing savings, but don’t earn a lot at the moment. However I put away 10% every time I get paid.

£100/month for my "rainy days ".
£60/month in my private pension
£20/month in my children's ISAs

I'm broke all the time but stick to those 3 above.

Similar here. One child who is 14 but no mortgage or loans , cars paid for.

£1,000 a month. Single no kids, and now have £270k saved.

£1k into savings
£500 into company share save scheme
£200 overpaying mortgage
£100 kids savings

Then as others say I save into holiday, birthday, Christmas and DH time off (self employed) pots though this is more budgeting than saving as it gets spent.

We’re late 30s, with low childcare costs (I.e no nursery!) but quite a big mortgage

£4k A month. 2 x high earners, large mortgage, 3 dcs, all in school.

£200 a month for Christmas, £300 for holidays and £100 for kids savings.

Zero

£120 a month but use it for holiday spends

Will up to £200 soon

Have 1 primary aged child and I am a single parent

£400. But sometimes dip in. Two kids. Will be upping this next month to about £700