How much do you put into savings per month? What percentage is this of your income(s)?

[Chocolateyescakeyes]

I was just wondering the above. I know there are lots of variables, and the important thing is that it's a comfortable amount for the individual, but was wondering what the average amount people save per month is. Thank you! I save around £800 per month, joint income of around £3500 per month after tax.

You SAVE 800 a month!!
I don't even have 800 left to live on!
Nothing is my answer. I save nothing

This is really is so subjective and variable. At the moment we save nothing - we earn about £4000 a month combined but our living costs are about £3200 and we’re paying off debts. We’re about to reduce living costs and increase income so hopefully debt will be paid off quickly and then we can save

Currently save about £100 a month, as a portion of about £3000 income. Currently paying off some big renovation work, typically about 300/350. So normally 10%

Combined we can save about £2k a month but that is only if we are incredibly strict with spending. It rarely happens. We have a combined income of about £5600 per month but a large mortgage and I've still got student loan debts which swallow £500 a month.

I have an income of £2600 a month and save about £300 a month - £50of that is towards Christmas and £50 goes towards future car bills as I’m trying to save for these and not have loads of direct debits .

The rest is just general rainy day savings.

We save between £350-£500 depending on which expenses we get that month so about 10% of take home pay. We could technically save more about £800-£1100 but we are also paying off a credit card (still 0% interest) which we hope to clear by the summer this year.

This might change though as we still have 5 months left of maternity leave so whilst we probably won't touch the savings, we might save less in last 3 months of no pay.

Ultimately, we aim that after the cc is paid off we will save at least 25% of take home pay. Maybe 35% if we are being very careful. Unless dd is put in nursery then we shall have to stick to 10%.

DH and I have a joint income of around £6000 per month. We overpay our mortgage by £500 and have around £750 in Nursery bills but normally manage to save about £800.

£500 a month. We have separate accounts. Dh pays mortgage and bills, his car and phone and fuel is company paid.
I only pay my mobile, house insurance (which I sort anyway), fuel and car insurance as it’s my car.
The £500 is being saved to buy a new car.
I have another account which is currently stagnant, that we put money in when we’ve booked our summer holiday.
I don’t know how much dh saves, but he says zero. We do go away a lot, and he pays, so that’s probably where it goes.

Christ! What jobs do you all have??

I save £30 a month. Income of £800/£900 per month.

I save £400 per month on a monthly income of £1780 (I'm single). Also overpay mortgage by £100 each month. Also earn around £250 per month from matched betting and save about 50% of it.

I save £300 a month, on an income of £1900 as I am a single parent. I’m quite careful about doing this as I am hoping to buy ex-H out of FMH.

We have a monthly income of over 5k after tax.

I earn about half of that, my DH more. This month I saved £945 - it would normally be more but I had some expenses to pay out this month. My budget app tells me I saved about 42% this month.

I was not always a saver. But I changed my ways.

Save £3000 pm, about 30%ish of income.

In my thread above I should have mentioned that we are now mortgage free. But even before that, which only happened this year, I was saving 600 pounds a month.

Single, no kids, earn £1900pm.

Save -
£100 - stocks and shares ISA.
£250 - medium term savings in cash ISA - holidays, replacement car, large house repairs etc
£150 - in second current account, for presents, haircuts, clothes, car repairs and anything that isn't food, bills, mortgage or social - those all come out of my main account.

*timefortea what app do you use please?

We save 2k a month, but some of that goes into a holiday fund, so it gets spent eventually.

Oh my word, what jobs do you guys all have..!!!!
Our combined income is nowhere near there figures. We save £50 a month but sometimes have to put this back in current account.

Big fat zero!

We save about £2,200 per month.

Plus we pay £800 mortgage which I kind of count as "savings" because bricks and mortar is an investment of sorts.

We use some of what we save to make a big lump-sum mortgage over-payment at the end of each year.

Does this include pension contributions?

If so £600 pension

£500 sharesave

Savings?

Woah, I'm at the amounts some of you are able to save!

We put £100 pm into savings and are currently putting £50 pm into another account to put towards holiday spending money. We would struggle to save much more than that.

I save roughly 20% of my income monthly. Part of that goes to annual expenses like holidays or club memberships or Christmas. And part to building up a rainy day fund.

This is not including pension as that goes direct from my paycheque (I am counting savings % from my taxed income).