How much can you save?

BrettMorganxD

Hi can I join in your thread please?

My name is Brett and I am 19, back living with my dad as of july.

I am aiming to save 70% of whatever income I earn/get.

BrettMorganxD

BrettMorganxD wrote: »

Hi can I join in your thread please?

My name is Brett and I am 19, back living with my dad as of july.

I am aiming to save 70% of whatever income I earn/get.

to add to this I have got nothing saved as of yet. But my job starts one day this week or early next week . I may be picking up a second on wednesday so hopefully be bring some money in

jenand8285

BrettMorganxD wrote: »

Hi can I join in your thread please?

My name is Brett and I am 19, back living with my dad as of july.

I am aiming to save 70% of whatever income I earn/get.

Well done on being so sensible at your age :T. Welcome to the thread.

RyanEzio

Hi all. Seems like ages since I came on here. I used to save £200 a month. But I did my accounts over the past few months and that was a bit too much for my liking. So i've started saving £100 a month. £25 P/W, Doesn't sound nothing fantastic...But I don't even miss it, plus it really is helpful if im saving for a holiday, festival, etc.

I've also found that instead of looking ways to increase money coming in, etc. (Surveys, mystery shopping) look for ways to save money. I managed to save £50-£75 a month on just researching certain deals. Amazing how many people get ripped off. All it takes is 10 mins to research..

BrettMorganxD

jenand8285 wrote: »

Well done on being so sensible at your age :T. Welcome to the thread.

Thanks, I do try to be sensible . I would aim for 100% but I want to beable to buy the odd treat and buy some bits like food in to help my dad out. I don't pay board, but mostly get the shopping in

Aubrey_Thompson

I tried to save 50% of my salary as much as possible, and the other 50% is for my expenses, and if ever I have excess, then it all goes to savings too.

rightinvestment

Before you invest, you should consider matching your investor profile to the investment characteristics. To do this, you need to understand the relationship between your investor profile, the minimum time frames for investing and the chance of negative returns.

:beer:

BrettMorganxD

Because I now have two jobs I am going to save 70% of my full-time job income (I live at home. no expenses) and just save the odd agency shifts (£150-200 pcm) directly into a savings account.

My quest to save for my own house starts here

bodmil

Anyone else considering the new 3.25% Derbyshire account? It's only BACS transfers so I'm thinking of keeping my Lloyds 2.96% account with Faster Payments as it really is so handy. What are the chances of a bidding war between banks to beat that rate?

MoneySaverLog

bodmil wrote: »

Anyone else considering the new 3.25% Derbyshire account? It's only BACS transfers so I'm thinking of keeping my Lloyds 2.96% account with Faster Payments as it really is so handy. What are the chances of a bidding war between banks to beat that rate?

Not good whilst the BOE base rate remains low :-(