How much can you save?

londoner01

Starting to monitor how much I can save more closely. It looks like I can save at least £500 most months. I seem to have saved £1,600 over the last two months which is great, but I was at home / with relatives for about two weeks during Christmas which meant pretty much no expenses
Not too bad given my net monthly salary is just over said £1,600 - for London it's a good ratio I think! What do you reckon?

Zekko

tinkerbel wrote: »

Wow zekko that's impressive!! It's good you can save money on rent etc hole you save! When do you think you'll be looking to buy?

I'm always on the look-out, keeping in touch with what the prices are doing. I'm prepared to wait at least a couple of years if need be.

kemo_2002

kemo_2002 wrote: »

just an update since October, my savings are now 17k, just saving wages and trying to save money here there and everywhere!

wow i havnt been on this thread for a year! my savings have actually done down ....but i did pay of my 7k loan which had 6 years left paying £120 per month.

Right now, we have £14,000 saved, hubby took a big wage drop half way through the year, but it has increased again for time being so hoping to save between 300 - 500 per month. This is actually for us to be able to move house fingers crossed in around 3-4 years time i am hoping to get to around 30k minimum.

Kittenkirst

Kemo; that sounds really impressive. Well done for paying off that big loan too :-)

kemo_2002

Kittenkirst wrote: »

Kemo; that sounds really impressive. Well done for paying off that big loan too :-)

thanks, its taken nearly 5 years!

zag2me

I'm back down to 5k at the moment but its slowly building back up again.

I used the other 20k to pay off some more of my mortgage last year. Only 15k left now

nagaramlakshmi

Hi
Monthly i saved money is little much and i want to save more money for monthly wise. Thank you for sharing with us.:j

john1111

does anyone know if investec are re-launching their high5 account

tinkerbel

everyones allowed!! its just a good place to post and keep each other motivated!! I cant wait for payday so i can see what i can affford to put away this month!

compound

Hey guys, its been a while since i last posted so thought it was time for a quick update.

My savings have gone down since the Christmas break. My old car was done so i had to buy a new car to replace it. I'm at about £14,000 now.