How much you put in your savings?

[Saveees]

I put 10% of my net salary, so £300 each month in my savings account.
It feels very little but this is all I can afford at the moment. Just trying to gauge what others might put away?

I’d love if I could save £700-800 a month but recently single, having to put for everything on my own and salary is only £50k

i put £300 into my account and then £120 into the childrens and then if I have anything left then that goes in too. So it averages about £500 month in total

None … because my earnings as a single working parent are not sufficient to make regular savings !
you sound like you’re doing rather well!

£400 per month by standing order and extra if any left over.

Well £200 goes in by standing order every month. But since dc2 started nursery, that £200 comes back out sharpish to help cover costs 🤣

10% of net is good.
But I’d only really want 3 months expenses in a savers account. Once beyond that look into saving via pensions and isa products to maximise your tax positions.

About £50 🤷‍♀️

I put about £800 a month in (about 40% of my earnings), but have recently had a few expensive bills come up so have had to dip into my savings quite a bit. Hoping to start building it up again now.

I meant to say- I’m only able to save so much as I have no rent/mortgage to pay.

£1000 per month into an ISA & 25% into my pension

1550 …l.but I’m 59 with no mortgage or loans…..and building up for retirement soon

Bugger all at the moment! Mortgage, bills, nursery fees and the bloody food shop takes up all of my money.

I used to save £500/month comfortably but that all changed about a year ago.

I put £100 into mine this month and then took it out again as I needed it for something so now my savings are back to 68p. 🤣🙈

If £300 is 10% of your net at £50k it sounds like you're saving into a workplace pension through salary sacrifice? Which is also a form of saving 🙂

40-50% a month.

I'm saving more but I'm lucky that my outgoings are much lower than my incomings at the moment.

£300 and 10% is great though. If you wanted to be saving a bit more, don't even think about £7-800 at the mo but think about if £325 is possible as that's a bonus extra £300 a year.

totally depends on salary, expenses, life events, dependents, etc etc. these kinds of questions aren't helpful--this isn't the type of thing you can really compare with others. saving anything and having a careful saving mindset in general is more important. but i will say, if you can put away £300 a month in this economy, youre doing very well

Whatever is left over at the end of the month. It can be £20, or £200.

£300 ish, more some months. I have a decent sum of savings, but its for a house deposit. Waiting to reallocate when youngest goes to uni. I try not to spent all week at the moment. I get a shopping delivery on a Sunday and try not to get any top up shopping. I take my own lunch to work. I’ve eaten the same harissa and spinach pasta i made on Monday all week for dinner. But I rarely turn down an invite to meet friends for food, so i do spend money on that each month, but I’m fine with that. Just trying to put as much as i can into house deposit as I want to get a 15yr mortgage.

What are savings?

30% of my take home. The rest goes in mortgage and double nursery fees!

£750 out of £2,900

10% of my take home at the moment, and DH does the same, so £650 between us. We are in the years of nursery fees and school wrap around fees and have a high mortgage. Once these start to reduce we’ll save more.

Surely it depends what you are saving for. We have 6 months income saved for emergencies so we mostly invest anything now

No mortgage and children have left home.
I put £800 a month in my rainy day fund
Already have 1 years salary saved .