How much can you save?

Doomcow

id rather only save £10 a month than £0 a month!

good on all you mega-savers, big and small!

loopy_monster

dazcouz wrote: »

Well done. I wish I started saving at 19, all the best:beer:

ha not gioing to lie to you - i started saving when i was 15/16! (more out of not knowing what to spend my money on than saving for anything in-particular!) at 15/16 i used to earn 150 a week looking after childeren.and i had no idea what to spend it on! now, most months i do earn a bit more than £310 as i get premiums and now and then i work overtime only a few more hours. i only contractualy work 12 hours a week.( i work in a supermarket). i love spending money on holidays though i think that's never a waste of money! are you guys going away?

Lokolo

I haven't been on holiday in a year and a half

I will wait until I graduate before going away again I think.

Castleman

Lokolo wrote: »

I haven't been on holiday in a year and a half

I will wait until I graduate before going away again I think.

That is such a waste...you get given nice long holidays and you decide not to go away. Fly to somewhere like South America for the summer hols - even including the cost of flights its cheaper than living in the UK for the same time!

You'll regret it when you're limited like the rest of us to 2week holidays!

Lokolo

Well I can't this year because I am on placement, start on 16th June (a month after I finish uni for the year) for a year, so thats this summer gone. I only get given 20 days (+5 agreed with manager).... I have no idea how I am going to cope....

My longterm aims are to have a business by 30. Retire mid 40s. Then I can go on holiday whenever. I'd rather miss out holiday for few years now!

Castleman

Sounds like a good plan, but remember that it doesn't always work out like that!

Just been brought down to earth in the last 18months with friends in their 20's dying of cancer and bus crashes and a number of family friends and friends parents having heart attacks/strokes/cancer in their 50's.

Sure, save away (it's what this site is about) but don't forget that it is unlikely to go to plan...enjoy yourself now too. Depending on what you're studying, you can often combine placements with other things - I worked in Asia and the Amazon jungle during my degree and one particular summer had uni friends who were working in every continent!

tara747

cocalls wrote: »

hello
may i ask a cheeky question here how come some of ou can save such a large amount of money-are you very well paid? Im struggling to save about £400/month and feel v skint.

cocalls, my salary is over £30k so I try to save at least £800 per month. I also walk to work (so no commuting costs) and have no children! OH earns about the same as me and saves roughly the same amount per month.

I could save more but I like to have a balance between deposit-saving and having a life. I would not sacrifice holidays for example, and probably spend at least £4K per annum on travelling (I have quite a generous annual leave allowance). Saving and being frugal day-to-day can actually be enjoyable (I love not wasting money on tat and cooking everything from scratch for example), but you still need to enjoy yourself. As Castleman's post demonstrates.

If you save £400 per month that is fantastic!

markalun

I'm with Castleman and Tara. Whilst i'm pretty careful day to day (live without lots of DVDs and expensive clothes) the travelling is not something I'm prepared to sacrifice - in fact we got back from Paris on the Eurostar this morning and came straight to work. (OH did the PruHealth deal with the eurostar so it worked out as £47 return.) We've got 4 days at a friend's in Portugal in June (flights only = £50) and thinking about Morroco later in the summer. Oh and a very MSE priced night in the Manchester Hilton in April!

As for the other poster, I'm not tremendously well paid either (worth it to do a job you like), just have to make it go as far as you can and then save the rest!

black_taxi_2

true--no one knows there fate

things can change quickly

health
work

but a plan is good

if you hav to change it sometime--thats ok

Lokolo

Yeh I'm not saying I don't have a life. Last weekend I went shopping with my gf and spent £200

Weekend just gone I went to Bath and went out with friends from home - overall, spent £100.

I just don't tend to like long summer holidays (although at the moment, with the sun shining etc. I do wish I was in Italy with a swimming pool etc)