To think saving half of all incoming money isn’t excessive?

[KeenOchreUser]

I was chatting with some friends about money recently (note to self: never again), and mentioned that I try to save half of everything I earn or receive, whether it’s my salary, bonuses, or monetary gifts. One friend said this was excessive and hinted that it might reflect some deeper issues with money!

I was so taken aback that I didn’t even know how to respond. To me, this seems like a responsible approach. AIBU to think my friend’s reaction was actually the over the top one here?

You’ve asked this twice now, and it just goes to show that you don’t read the comments before sticking your oar in. I’ve have said exactly what I was paid off for. You keep going on and coming back for more when you don’t get responses or what you want to hear. What you’re asking is in the comments if you had simply chose to read them before rushing to comment.

@KeenOchreUser never post on AIBU. Posters just come for a fight.

Again, you haven’t read the comments. Comprehension is not your strong point I see.

If I had double my current income I'd definitely save half! 😆😜

I think your situation is quite unique and you should absolutely make the most of it while you can.

I’ve learnt this now. There have been some great and insightful comments. People that do similar, or prefer not to, and that’s completely okay. They’ve mostly been fine and respectful, even some of those that expressed concern, or have been direct.

But there are some on here, repeatedly coming back again and again for fights. It’s absolute madness.

It sounds perfectly sensible if you don't have the financial responsibilities of a mortgage or a family to save for your own home and retirement. I could save more than half my income because I'm well paid and mortgage free. That said I then spend as well because there are no pockets in shrouds.

I was very sensible in my 20s working hard to build my career and I missed out on some of the travel experiences my friends got. I'm tied down with dc now and won't be able to travel.

I would recommend having some adventures whilst you are young.

The reason why you are getting a hard time is because we all know tightwads and invariably they don't know they are tight. It's not an attractive Trait.

She doesn't want to answer this, so picks something else from the posts that ask the question.

Isn't it obvious that we save what we can afford to save?

Retirement is well worth saving for. Anyone disagree with that?

It's generally a good idea to avoid lifestyle creep.

Ever since my salary covered a comfortable lifestyle, I gave myself two months to enjoy a pay rise (usually buying some luxury practical stuff, like gorgeous bedding or artworks), then stuffed the whole extra amount in savings.

Not sure what this means. My landlord chose of his own accord to reduce the rent, he knew what had happened at work.

Believe it or not, some landlords are nice people and want to help their tenants.

You’re egging on someone who goads and has come back repeatedly to push and push. She’s het up, irate, and jealous about my circumstances.

That was actually the question I had - did OP have decent savings when out of work and LL reduced rent?

Otherwise, I don't particularly see anything indicative of deeper issues.

Not sure what this means. My landlord chose of his own accord to reduce the rent, he knew what had happened at work.
Believe it or not, some landlords are nice people and want to help their tenants.

Did he reduce the rent of his own accord because he thought you were in dire financial straights having just lost your job? Or did he know that you had savings and still decided to do it?

You asked your landlord to reduce your rent even though you saved half your settlement and have a large amount of savings and now earn significantly more than before? Wow the audacity!

So has the rent gone back up now you’ve got a new job?

I did not ask my landlord to reduce my rent. The audacity of you to make assumptions!

You’re quite relentless, aren’t you?

YANBU OP.
There are clearly some jealous people in this thread.

Sounds excessive to me. What's the point unless you are saving for something specific like a house deposit. And living a frugal life do you can save half your income is just plain bonkers unless it's for something important.

Sure, he just magically knew. No pressure from you at all.