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

57 replies

Chocolateyescakeyes · 14/01/2018 14:02

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.

OP posts:
Growuphelen · 17/01/2018 11:53

DH entire salary of £2200 goes on outgoings -house, car, utilities, food etc.
I get £750 a month pension (took early retirement) and out of this I save £100 into an account to run our campervan (tax ins servicing etc); £100 into an account towards Xmas; and pay £200 to the visa which is what holidays/weekends away/clothing/unexpected vet bills/house decor etc go onto.
We have no savings but have £30,000 equity in a small house that we rent out.

Littlepond · 17/01/2018 12:20

Save £700 a month on an income of £2800. £300 of that is going into a holiday account for the summer for a trip we've already booked.

madamefraser · 19/01/2018 09:27

We don't save much - income is around 3300 )with two teenage DDs -)on a really good month and out of that we save 150 /200 for a holiday but not much else . From this month I'm going to try and put something aside for extras eg car general savings as we want to do some work on the house . It's interesting to see what others manage relative to earnings .
I'm always looking for ways to save more !

AnnabelleLecter · 19/01/2018 20:17

Around £1200 which is about a quarter of our take home salary. We also overpay the mortgage which I see as saving money.

falang · 19/01/2018 21:17

I save about £150 quid a month which I then dip into at the end of each month when I'm skint. The salaries and amounts saved on this thread are jaw dropping. Am very envious.

MagentaRocks · 19/01/2018 21:28

Save £1350 a month which is between 25 and 30% of our income as it varies slightly. Income is going to increase this year so will save more. Just over half the savings is going towards reducing the mortgage.

Appraiser · 19/01/2018 21:34

Save around 10% of income in savings / investment that we can’t access (long term investment)

Probably about another 10-15% left over and sits in account.

We feel very privileged to be able to do the above.

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