To save 10% of my salary each month?

[AdeptEagle]

I’ve been sticking to saving 10% of my pay but some people I know think it’s too much or that I’m being too cautious. They say I should be enjoying more of my salary now, instead of worrying about the future. Is it unreasonable to prioritise saving or should I be spending more in the present?

Is this including your pension? Ideally at least 11% of your salary should go into your pension each month and after that an additional 20% of your take home pay should either be paying off debt or going into savings

All depends on your goal. I’m mortgage free and saving for retirement so I put away 70%

I roughly use the 50:30:20 rule, however apply 20% to income after pension. 10% is obviously better than nothing, and many people won’t be able to save anything at the moment but I’d be worried about the motives of anyone advising you that it’s too much. Are you also paying into a pension?

I think it’s actually lower than financially advised (20%).

Ignore the other people. I had been working for about 10 -12 years before I got into saving regularly (not including pension).

It’s the biggest regret of my life.

Ignore them OP. If you can survive just fine on 90% of your income them your safety cushion is a good idea. Also look at what your savings goals are and whether you could even start investing if you have excess savings?

Currently I am only saving about 13% of my income (not including pension) because it’s what I feel I can spare but I am trying to push that higher (hard living in London as a singleton and not in a houseshare.)

It depends what your goals are. Are you saving to buy a house, car or holiday? Or a buffer fund in case you lose your job? Are you a homeowner? If you are, it might be better to put the 10% towards overpaying your mortgage. Or putting money away to replace the boiler or double glazing.
Saving is always a good thing and 10% is not particularly high. So long as you are enjoying life, rewarding yourself with little treats and not living on a diet of stale bread and water, you should carry on saving. I'd keep schtum about your finances though. The same people who are encouraging you to spend, spend, spend will be the same ones asking to borrow money from you when an unexpected bill arrives.

Impossible to say with that info.

How old are you, what are your career prospects for improving income, do you have savings and investments already, when do you intend to retire, what life plans do you have (children, career breaks, holidays etc), do you own a house, do you have any debt, what are you saving for, how much do you earn, how much spending money do you need per month to enjoy life, do you have people you want to leave an inheritance to in future etc etc.

It's less helpful to start from "saving X amount or Y%".
Start from the kind of lifestyle you want to have, overall, and how much that costs, (possibly considered in 5 year chunks over your expected lifespan) then work backwards.
That will give you a much better idea of what you need to be doing with money, savings, pensions etc etc. to achieve the kind of life that you want.