How much can you save?

rictus123

Hey mcsaver,how much are you risking to be winning that much? Impressive though well done. Suzey can i ask how much you earn and how old you are to be able to save that?? Very well done, i hope i can reach half of that one day!

gelato_cat

I'm in my early thirties and take home about £2.5k a month after tax, NI and pension have been deducted.

Suze

rictus123 wrote: »

Hey mcsaver,how much are you risking to be winning that much? Impressive though well done. Suzey can i ask how much you earn and how old you are to be able to save that?? Very well done, i hope i can reach half of that one day!

McSaver

rictus123 wrote: »

Hey mcsaver,how much are you risking to be winning that much? Impressive though well done.

I once risked over £15,000 because everything went belly up because I failed to take an earlier profit!

tara747

I'm almost up to £28,500 and on track to save £30k by the end of 2009 woo hoo!!! I wasn't sure whether I'd make it but my last holiday of the year cost less than I thought it would. I also have a lot of my Christmas shopping done already and have had loads of bargains

sss555s

Well done Tara :T

Course if you do make it you'll need a holiday to celebrate

Well done all :j

tara747

Thanks sss555s. It has been a challenging but very rewarding year!

I am considering setting a goal for 2010. I'll probably go for another £10,000 plus any pay rise (if I get one :rotfl:). What about you?

saver9713

Quick update - I'm now at 99% or just £200 away from my target for the year! Big boost because I had some (defacto) inheritance money so that's gone straight in to the pot. I only added £100 from wages again this month though, desperately needed a winter coat and some trainers that weren't falling to bits - I'd forgotten how enjoyable spending can be!

BTW my OH sent me this this morning which may be of interest - I think we're all doing really well in comparison - these are UK stats.

Single Male without children
71% have no savings or savings less than £1500
1% have savings between £16k and 20k
6% have savings above 20k (this is the highest data band)

Couple without children (these figures are now JOINT, or TOTAL between two)
39% have no savings or savings less than £1500
4% have savings between £16k and 20k
21% have savings above £20k (this is the highest data band)

tara747

What about single females without children???

saver9713

tara747 wrote: »

What about single females without children???

I'm so sorry Tara, I didn't get sent that bit!!!

sss555s

tara747 wrote: »

Thanks sss555s. It has been a challenging but very rewarding year!

I am considering setting a goal for 2010. I'll probably go for another £10,000 plus any pay rise (if I get one :rotfl:). What about you?

I'm still managing to save between £1500-1600 PM this tax year from my wages and a bit more from other interests. Up to around 33k not counting the money in my current account to cover my bills and hope to keep going the same way until i can find something better to do with my hard earned savings.

Why not aim high and go for 12k next year Tara? Wage rise, extra interest. You can do it! :cool: