My story so far...

Credit_Jake

fozzeh wrote: »

I make it roughly around £8ph you earn which cannae be grumbled at really.

£1200 after tax? Surely must be nearer £10ph, seems good for a retailer.


Edit: 45 hour week - sorry missed that!

cashbackproblems

Lokolo wrote: »

I actually asked my mum this for when I start my graduate job. I will be on £33k a year (which is actually more than her) and she said I wouldn't have to pay a thing.

But she does know I like to save my money and I have said I want to buy once I have a suitable deposit so she knows I will be saving vigerously (sp?) for that.

Shame the cheapest house I can get in my area is around £160k! (at 80% LTV that means I need £32k!)

I guess I am lucky

where will you be working?

cloud_dog

Lokolo wrote: »

I actually asked my mum this for when I start my graduate job. I will be on £33k a year (which is actually more than her) and she said I wouldn't have to pay a thing.

But she does know I like to save my money and I have said I want to buy once I have a suitable deposit so she knows I will be saving vigerously (sp?) for that.

My mum happily took the money, and I was (sort of) happy to pay.

It was a good lesson in distinguishing between responsibility and choice. I had a responsibility to pay my way (my mum) but I had choice in what I did with the remainder.

As it happened my mum did what I'm sure most parents would do and actually put most of it aside for me for when I purchased a house.

Lokolo

cloud_dog wrote: »

My mum happily took the money, and I was (sort of) happy to pay.

It was a good lesson in distinguishing between responsibility and choice. I had a responsibility to pay my way (my mum) but I had choice in what I did with the remainder.

As it happened my mum did what I'm sure most parents would do and actually put most of it aside for me for when I purchased a house.

Indeed I think that's what is happening with a lot of my friends, but given my mum's track record of money... it would easily be spent on holidays to the carribean and new clothes if I paid anything

Lokolo

cashbackproblems wrote: »

where will you be working?

London unfortunately! But the house will be outside London.

SG_Guy

You could easily cut the monthly spend on contact lenses by buying online especially if you get the generic (i.e. non-branded) lenses.

cashbackproblems

Lokolo wrote: »

London unfortunately! But the house will be outside London.

Kool, well im guessing you are working in banking scheme or engineering to be starting on such an amount?

I started a grad scheme last yr in london on 29k but its difficult, the hours, work etc, looking for something outside finance long term. Im also living on the outskirts (zone 5) and commuting in which is another ball ache!

to the op my parents when i lived at home did not charge me anything as they know im gona need all the money i can get to get my own place plus they have paid their mortgage so dont need the cash. Otherwise your spending it fine maybe you could drip feeding a few hundred into safe ftse shares in a stocks isa as you will get a much higher return than interest from a bank

liamcowan1

Thank you all so much for your posts! Sorry I'm only just replying, been a busy few days.

Here comes to super long post.

@aaronmanz, firstly thanks for taking the time to post here.
I already have an ISA open, I'm going to be putting my main savings into this (excluding the car funds as I'd like for this to be separate.) I think I'll definitely need an instant access account for the car, I'll hunt around and find the best ones about. My car is due it's M.O.T & Tax in February so I with a bit of luck, I won't need to spend too much on it, and it'll be ok for a while whilst the fund buils up gradually.

In regards too how I earn the money I do, I'm working between 45-55 hours a week, every week is a different amount of hours, and every month something usually pops up like a night shift or a few 12 hour days which always bumps up the payslip. I'm not in a supervisor position just yet, although I'm pushing hard and I think my age let's me down here, hopefully I'll be there soon.

@Jake'sGran thank you for your kind words, although I think I'm doing poorly and need to get saving for my future. Sounds to me like your grandchildren are doing very well and I wish them all the best for their futures, I'm sure they'll be bright.

I know the amount I'm giving my parents is generous, but I feel that I owe them atleast this. They've always been there for me and I've never gone unwanted when I was younger. A third of the rent pays for their new sofa on finance and the rest goes straight to them. I'm happy giving them this amount and they don't need the money.

I've never really shopped around for my contact lenses, I've always been with specsavers but they probably are one of the most expensive on the high street. Where's the best place to get them from?

@sss555s

I've got a two month break from paying the £200 per month for the car insurance now and I will (hopefully) gain my first years NCB then. I will start shopping around to see if I can reduce the payments alot in February.

My phone has ages left, I literally upgraded my phone about a week ago.

Yeah, I think if I can push myself I can get that amount saved per month, I've just got to find a balance of keeping the girlfriend happy and learning not to spend so much on junk!

@lippy1923

Nice, I hope you make it to management. I'm hoping I'll be able too, I think I just need to gain more experience as I'm still young. Only time will tell aye.

@rictus123

Ahh I'm not the only young one here then Nice to see that you're concentrating on your future! To be totally honest, I don't drink much. I usually only drink on occasions such as birthdays etc. I still do go out frequently, it's just I'm usually only having a coke or two so my nights out tend to be extremely cheap.

@cashbackproblems

I have looked at the stocks ISA's and shares, but I think I'd like to get to know the stockmarket whilst saving and maybe look into using that in the future when I have a bit more money under my belt. For the time being, I just want to get myself saving, rather than spending money on pointless rubbish.

Thank you all for taking the time to reply and sorry for the long post.

Jake'sGran

cloud_dog wrote: »

Sorry Jake's Gran but this made me chuckle. As soon as I started earning a proper wage it was always understood that I would give 25% of my take home to my mum for house keeping.

If you're earning you should pay your way, unfortunately life's not easy, nor should it be.

You are right of course. When my son was 30 and still living at home I told him that in future he should pay a third of the bills. His girlfriend at the time thought this was awful.
They married and it lasted three years. He got in a mess subsequently with a credit card even though he was earning good money and helped him to sort it all out.

It must be that I am too soft and I going to same way now with my two fantastic grandsons.

Jake'sGran

For Cloud_Dog. Just realised that Liam is giving his parent £100 per month. I thought it was per week.
How stupid of me. I'm embarrassed!