How much can you save?

Isabella_k

Hello to all

Am now debt free after 5 years paying off 30k
Starting to save, aiming for below by December 2011
Taking it a year at a time.
Well done to everyone on here for doing so well, find it helpful and encouraging to read

300 Credit union
5100 cash ISA
1400 instant access
1200 child trust fund

Izzy

youngmummy

hi all i was wondering if you could help me. after bills , sky, rent elec water gas tv licence car insurance aa mobiles internet house phone i have £500.00 left for food, clothes, shoes, haircuts ect ect how much do you think i could save x

lancy

Maybe half the salary

sharetips033

Hi,
I am satisfied with you , but i have a question that Why do you want to know about my saving. this is not fare ?

dippykitty

Added £177.98 to the ISA so that's a total of £5,177.98 (£9,927.98 in total savings). It's slowly creeping up but not as quickly as I hoped.

gelato_cat

Thanks Lucy! LOL @ thinking you want to be me! Nobody's ever said that before so I'll take it as a compliment

I never thought my bf would marry me, either, so there's hope for you I reckon. How long have you been together?

How come your savings have been going backwards (apart from the car issue)?? I've obviously been away from this board far too long!!!

Suze

LucyTheDwarf wrote: »

Many congratulations on your engagement. This may sound weird, but I think I want to be you! My bf is never going to marry me and my savings are going backwards. So, you're my idol.

Creepy bit over...

Since I last updated my sig I've written off my car. I can't see myself saving anything in the next year, let alone reaching my target by Jan 2012. How fabulous.

Isabella_k

Good for you rictus, well done on saving this young. Am 36 and only started saving in earnest after paying off 30k debt in 5 years. Wish had saved years ago. Best of luck, with that determination you will do well in life, izzy

rictus123 wrote: »

Savings Dave thats a really great respecatable amount you have saved. Iv sorted my debt out..soon i will have the post sayingr im complete debt free! Then il have a large surplus of cash each month ready for saving! Looking at saving about £20k to move out and buy a house with my gf...She will match this.
Im hoping to buy in about 3 and a half years, when i turn 23...so about 42 months to save £20k=£477 a month... Easy do-able for my salary! Especially with it doubling in the summer when i serve my time! Also got a few homers coming up so should have a few thousand in saved by xmas!! I think il buy when i hit the £20k rather than when i turn 23....

The thing is when i turn 20 in the summer il be on a much better salary than i am now...so the £477 a month wont be the only savings im doing. Il also be aiming to save £5k a year so about £100 a week for at least 5 years - until im 25 so il have at least its not been long since i was 13 - 6 years ago...so itl be no time at all and il be 25. If im in my own house, paying my mortgage with a safe amount of savings(£20k+) and decent income then i can think about marrage and a family of my own...Or even starting up my own business!


Got it all sussed guys

Isabella_k

Wow, suzey, am sure u have been asked this many times, but how long did it take u to save 100k?! Serious amount of money, well done. I reckon on my current salary (net 2100 p month)it would take me about 12 years!

Suzey wrote: »

Thanks Lucy! LOL @ thinking you want to be me! Nobody's ever said that before so I'll take it as a compliment

I never thought my bf would marry me, either, so there's hope for you I reckon. How long have you been together?

How come your savings have been going backwards (apart from the car issue)?? I've obviously been away from this board far too long!!!

Suze

gelato_cat

You'll be fine, you're bringing home a lot more than I was for most of the time I was saving! It took me about 10 years. At the beginning I was saving a couple of hundred a month, this then went up to about £800 a month and peaked at around £1500-£1800. I lived quite frugally!!!

Suze

Isabella_k wrote: »

Wow, suzey, am sure u have been asked this many times, but how long did it take u to save 100k?! Serious amount of money, well done. I reckon on my current salary (net 2100 p month)it would take me about 12 years!

Nut97

Hi, hope you don't mind me joining in. New to saving when I had a high paying job was pretty much spend spend spend (on credit cards aswell). Now I'm debt free I'm looking to start saving but only on £14,500 + bonus & over time but not many out goings. Will update later