% of income saved - impact on lifestyle

osian

Ooh, lokolo - I like your thinking!

de1amo

i dont pre count my saving rate because i know that unexpectant spending is normal in this life--in a business it goes under the heading of 'renewals' and it is a constant overhead in financing. the only time i know i how much i have saved is when i do my personal yearly stop loss account--ie a SOA that they have on here--i do it january to december 31---i know for instance this month i have low out goings but during summer i have massive outgoings so saying this month i save x amount is not the true figure i save averagely---the SOA is a good place to work out because it does all the normal things and addresses assets such as cars to

Jake'sGran

fannyanna wrote: »

I guess I was just interested in what other people saved and how that impacted their disposable income.

Appreciate money is a personal thing so a lot of people probably wouldn't want to share and that's absolutely fine

I have never given a thought as to what percentage my savings are of the total household income. I say "my" as I am the person who looks after all money matters in our house. My OH has no interest at all in how much or how it works as long as he has money in his pocket..

I don't spend much at all having come to a stage where the house is long since paid for and anything we want we can have except that the idea of having people doing jobs in the house is very undesirable now. It is surprising how older people can reach a stage of just wanting a quiet, rather boring life and yet have plenty to spend.

If you think there is something missing in your life why don't you re-think your saving plan and then be honest about what it is you would really like to have and buy it. It does not always work out that people who save a lot have a happy retirement. Health is everything.

de1amo

i had a very good occupational pension when i worked and it shielded me when i had to be medically retired -i cant change my health problem but i can live well in 'retirement'--it let me have time to re-estabilish myself in a role that wouldnt affect my health any further and move me forward in life. İt is payable for life and is connected to the cost of living so it is security to keep me fed and my daughter in fluffy shoes!---no amount of saving will provide for long term illness like a good pension.--you have to fill all the pots not just cash in hand!