How much do you save a month of your salary?

[Lottegirl]

I try to save a 3rd at the moment.

17.5% of my pre tax income goes into my pension, £25 per month into a bond (for some reason my predictive text wanted to change that to bong!) But other than that no savings as I'm trying to clear debt.

20% and a little bit more when I can. Wondering if I should review this having read your posts.

I'm the only earner and I save a fixed sum from net money I pay myself (around 7-10%). also I retain 7.5% of everything I earn within the company for rainy days. Oh and a separate tax and vat account but that's only short term savings for tax.

So around 15% of net income is saved albeit some of that is savings in kids names

save lol

We probably save over half of our income now as we paid off our mortgage early and have no other loans etc.

Threads like these always attract people who save a lot

Statistics show that the majority of people save nothing.

You would never guess that from MN threads like this.

Thank you Bit... I have just got to the end of this thread, wishing I'd never opened it!

No savings. If I've not gone into my overdraft by the end of the month, I'm doing well.

Nothing. I'm a single parent earning £25.5k, can't afford to save a penny!

I think Eric Pickles and his ilk start threads like this to make people feel inadequate!

Very little at the moment. We've had a big, almost once in a lifetime holiday last year, have had to replace the garden fence and fix the car which wiped out our savings. The kids have more money than we do!

I try to put aside 10% of joint income a month, but only about 5% actually happens (and that is straight into the kids' regular saver accounts). Once nursery fees are over, we should be able to save more, although if interest rates are still low, we'll probably overpay the mortgage once we've got about £3k in savings as in the long term that saves us money. We're lucky to have overpaid quite a bit yet (we'll probably be able to be mortgage free in the next 2-3 years).

Is there a point to this thread? I could understand if people were recommending the best saving accounts, pension plans, ISAs etc etc but just to state a figure... what's the point, other than making yourself feel good as Bit suggests?

Nothing wrong with wanting to make yourself feel good, particularly on a taboo subject such as money

Almost all internet forums are about asking for advice or comparing yourself to other people for reassurance. Mumsnet is no different!

25% overall (includes pension contributions plus savings).

To everyone who's saving quite a bit, what do you do with it? ie do you invest it and how?

Nothing - there's nothing left. I am saving £100 a mint for our holiday but don't count that as savings savings IYKWIM.

We both have fairly hefty pensions.

About a third here too. Also, I have my NHS pension and DH has a railway pension. Overpay mortgage too.

I invest in SIPP pension, ISA, and then cash savings but less of the cash savings because the interest is so dismal. Also put away for DC.

Paying off debt, frugaling my way to good over payments tho, so I intent to keep the same spending habits when cc's are paid off to save more.

Nothing and it sickens me.

On a decent income now, but spent a number of years p/t & under-employed when the children were smaller which meant we lived hand to mouth. Now we're trying to sort the house out after years of neglect but also enjoying being able to buy new clothes & enjoy meals out after so many years of just existing.

Every month though we say "right, next month is when we start saving".

Apart from our pensions & equity in the house we have no security at all and it worries me. But then I do nothing about it.

Absolutely nothing. We are lucky if we have 50p left in our account by the end of the month. All our income goes on the bills and mortgage and we budget carefully for food. We are on a very low income and saving is just something we cannot afford to do.

Nothing - at the moment, our focus is paying off expensive debt. Next year we will start saving. I have a pension but DH doesn't so we will look at that also this year. We are 36, I earn £25k (part time) DH £12k.