What do you save every month?

[User2000019]

Me, 250. Seems like a tiny amount though!

'More than 16m people in the UK have savings of less than £100, a study by the Money Advice Service (MAS) has found.' BBC News.

Anyone saving anything is very fortunate.

The full piece. www.bbc.com/news/business-37504449

Worth reading for anyone who is reading this thread with worry about their own circumstances.

As always happens with threads like this it will be full up of people who fall waaaay outside of what is normal.

I’m trying to put £50 each week into a separate account as savings / an emergency fund. I’ve been in a position before of relying on credit cards / overdrafts and I don’t ever want to go there again.

As always happens with threads like this it will be full up of people who fall waaaay outside of what is normal

I’m one of those. My financial situation is different to the majority of people, I’d imagine.

I was going to add though, that savings needs to be relative. Figure out what your expenditure is for a month and aim to save multiples of that so that, if you’re out of work etc you know how much of a safety net you have.

Having £5 or £500,000 in the bank means absolutely nothing u til you know how far it can go if the shit hits the fan.

As always happens with threads like this it will be full up of people who fall waaaay outside of what is normal

If 16m have no savings, then most adults in he UK do have savings. In in 10 earn over 54k a year, and one in 20 over 75k. So there's likely to be good number of people with savings on here.

If 16m have no savings, then most adults in he UK do have savings.

If you look a bit further down the article posted it gives a % for each region. In some, more than half have less than £100 savings, so it's more common than you might think. It's quite shocking.

I save about £150 a month, but I have healthy savings from when I earned quite well (now live on small occupational pension).

10% gross goes into my NHS pension

Then of my net salary, 6% overpays my mortgage, about 8% goes into short term savings for holidays, car insurance etc. And then about 33% goes into longer term savings. But it does vary from month to month and we aren't very careful really: those rates could definitely be higher than they are if I was careful. Trouble is, I don't have the spare brain space for lots of time spent on savings or research so I make some decisions where I'm happy to not get as good value so I don't have to think about it.

I dont have much cash savings as rates are crap. In order of priority I put spare money into 3 areas: pension because the gov adds a huge chunk of free money. My mortgages as I have rental investments and then company shares. In total, this about 40%of my wage which is more than some people earn in a month. I appreciate this is a lot and unaffordable for many. I'm following my version of FIRE (Google it) for early retirement.

We put my whole salary in savings (£2k+ per month after tax) and live off DH's salary, because we're saving for our first house

Probably about 300-600 a month, split between pension, investments and emergency savings. I'm also loosely following FIRE, the more I can make money work for me, the better.

£1500

No mortgage, save 250 per month, 500private pension, 250 work pension, 2000 per month bills, left with 1200 for food, petrol,carry outs and social is this good or bad

Flowering21, £2000 bills a month seems high if you don't gave a mortgage. By that do you mean you pay rent? £250 in saving and all that pension pot is fantastic though! X

Hm, as a percentage of income on average it is about 25% per month, with another 16% into pension (8% is my contribution).

In monetary terms the average is around £500, up to £750 on a cheaper month with no social activities.

This is just me though, if I'm honest I have no idea what OH has left as he likes to spend his spare funds on his hobby projects around the house. I imagine it is around £200 or so? Which would be around 12%.

Totally meaningless really as 'savings means different things.

On paper it looks like we're paying off a car on credit card - we could've bought the car outright but had a 0% credit card deal so used that and left money where it is. Whether we were re-saving the cash spent on a car or repaying a credit card makes no difference to us (apart from we earn interest on the original savings doing it the way we did) but one is saving and one is debt repayment.

It also depends if you mean long term, untouched savings, pensions and investments or stuff like money for an annual insurance premium or necessary home improvements.

We don't save a very high percentage of our earnings really, but am happy with what we do save. When I go back to work in a couple of years, we'll save into an account in my name for the kids, and save for a loft conversion.

Me personally, £200 ISA, £250 pension.. DH saves his bonus if he gets one (usually does, twice a year) and puts £800 a month into pension.

£400 into larger % paying account - that's the max you're allowed to put in by my bank. It doesn't get dipped into. Pays about £60 at the end of the year.
£250 into an acc that we term 'joint' acc. It pays for our UK holiday, Christmas and birthday presents for the DDs and things like clothes for them. It also pays a 2/3 share of the abroad holiday I take the girls on each year. DH pays in the same amount (but doesn't come on the abroad holiday) and the CB goes in too.

£150 into a handy savings acc for dipping into in more expensive months.
£100 into a holiday savings acc. Any extra in my current acc gets added to this at the end of the month.
£50 into accounts for each of the dd's. DD1's paid for all driving lessons and test(s x 4!) and is helping with uni set up costs before she gets her loan.
£30 into Christmas vouchers
£50 into national savings. I have £4k in there now and very occasionally I get £25-£100 win.

DH and I keep funds separate, and I'm sure he saves some too as well as having a lot more in national savings.

Teacher. Almost £40k. I also pay a hefty pension amount each month, inc paying into an AVC to make up for the many years I earned less when I was PT.

I always put £50 into a Christmas/Holidays account and £40 into DS savings account. Any extra varies depending on what we have to pay out each month, can be anywhere from £400 to £0.

I'm currently saving to ensure we have enough money to cover the bills when I'm on maternity leave, so about £150-200 a month, depending on any other outgoings that month such as birthdays or events that require a new outfit purchase.
Dh saves zero
We only have dss, but when we have children of our own I imagine that saving will be more difficult and will be less but I still intend to save where possible.