pslewis

Looking at the latest survey ... not many people save anything these days

I come from a time when I had very little and have an inbuilt urge to save for a rainy day.

Consequently I save about 75% of my monthly income ..... find it very difficult to spend anything more than 25% to be honest.

So, how about you lot ......................

Pete

2000TLondon

Another thread about how much money you have, pslewis?

If I remember rightly, doesn't that work out about £3000 a month?

I don't save anything, I may have money left at the end of the month, but I don't consciously save, pretty much everything goes on expensive rent, running cars, and a high end social life!

Rainy days = credit card application.

SiDHEaD

I don't have ought left over at the mo

pslewis

2000TLondon:- If you have money left each month, then thats savings - you muppet!!

And, no, its NOT a thread about me (you will notice the % rather than the amount!).

75% might mean ANYTHING ....... but, like you - some will feel a need to try and put an amount to it .... I'm not going to!

It's a general interest question ..... if I said nothing then I would have been asked, so I said anyway!

Dear me, it's just an innocent thread!!

Pete

Richard_P

I don't save at all, I just follow the governments example and spend everything that comes in and then borrow against the possibility of future income to top it up and fuel my spending urges.

I am a student though!

scoobyjimbo

About 40% of joint takehome, but i have 2 houses which i own and rent out so these will form the largest part of my retirement, got a few years to go yet though :-)
J

lawson101

Nothing, as my lifestyle doesnt allow me to keep money in the bank.

pslewis

Pikey Alert!!!!!!!



Pete

2000TLondon

touchy, pslewis! saving in my book is intentionally putting an amount aside each week or month. This I don't do. If I don't spend it all, I don't spend it all, but I don't consciously save, which following your initial thread, is a good enough answer!

C'mon, you know you just want to let us know you're "comfortable to affluent!"

gyfto1

ps lewis.
not really pikey alert.
do you know circumstances etc.
coming back to england soon,have been out in germany for a few months spending my savings.thats what they are for,life.remember that you cant take it with you.
i have no kids and dont fancy being the richest man in the graveyard.

hades

I likewise don't always save a regular amount, but my total savings and investments are more than my annual take-home pay - which to my mind allows for several "rainy days" - or perhaps a new T25 when the urge takes me

SC008Y_MAD

iTrader: (5)

The answer to 'How much do YOU save each month' is = NOT ENOUGH!

Christ

Deja-Vous?

http://bbs.scoobynet.co.uk/showthread.php?t=408315

lawson101

Bit out of order that comment.
What im saying is that I spend all that I earn month to month.

As gyfto1 said you dont know my circumstances, so dont judge.

paulr

If it wasn't why the need to tell us how much he saves in the very first sentance.......yawn,yawn,yawn.

gyfto1

actually got to admire an old boy of his age,think that he is missing his his youth.he lived his and think in a roundabout way that he is telling us,the future to not make the same mistakes he did.
or something like that anyway

StickyMicky

i have to save for a rainy day, because when there is a real rainy day (like today up here) theres not as much money coming in

how much do i put away for myself?

thats a secret, but i have a nice stash of used £20 notes sumwhere :P

pslewis

Fooookin Hell ........... even I forgot all about that one

It's freaky when someone does a search on someone else ..... thats not normal behaviour, is it?

Anyway, it was the news article today that prompted the question!!

And if you have money left, then you ARE saving!!

Pete

CooperS

£600 a month towards my first house

richieh

my income is £45 a week for caring for my wife
my outgoings are close to £300 from commitments when i was working
i dont save a lot but my scoob only cost me £100 so cant complain too much cos it wont make life any better
richie

pslewis

Those Scooby Justys are excellent value, aren't they??

Pete

richieh

legacy 2l turbo estate with the right bits on-non runner but i can wield a spanner so its a good one now
no cocklink either pete
although my pads dont last 50k but pads and discs are cheaper than gearboxes and driveshafts if you know how to fit them
richie

JoanUK300

Pete.....can I borrow your bank account for a month please......I only want one months interest....I`m sure you wouldn`t miss it!!!!!


Ta.........

Joan....xxx

pslewis

1 months interest?

That would be a measley £450 ..... how could that pathetic amount possibly interest you??

Pete

logiclee

My wife doesn't work so it's all down to me.

Currently paying around £8k a year into pension together with employer.

After that and tax I bring home around £2.5k a month.

I'm over paying mortgage by around £350 a month.

I tend to save for future outgoings like holidays, big purchases, car purchases and insurance.

I keep a slush fund but don't really save to build up a savings account, I think any spare money is better used paying extra of the mortgage.

Cheers
Lee

Deep Singh

Question makes no real sense

1)Lots of different ways to save, ie cash in bank, pay mortgage for second/third property, make AVCs, reduce capital owing on mortgage and the list goes on.
The worst way of saving is putting it into accounts earning 3.5-4% interest and then paying 40% tax on it while paying 6% compound on your mortgage!!

2) The absolute amount you put in does matter. Putting 90% of £100 a month is never going to see you well in your retirement, whereas even 30% of £10k a month may well(if invested wisely)

Deep

richieh

cover my insurance for the year pete
richie

2000TLondon

ScoobyDoo555

unfortunately, KIDS have pretty much kyboshed mine & wifey's savings regime..... not that I could give a toss really. The choice between having offspring or loads of money saved is a no-brainer really.

Starting to save a bit more, but TBH, I think the idea of "saving" is a little bit out-dated now.

All IMHO, of course!

Dan

AndyC_772

iTrader: (2)

I'll second that the choice between kids or having money is a no-brainer. That's why I have a shiny new scooby, and two cats. Cat food is cheap