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How much do you earn and able to save a month?

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  • scimus
    scimus Posts: 5 Forumite
    edited 24 March 2015 at 10:42PM
    We earn about 7000 net per month between the two of us. No idea about how much we save each month since we don't budget or put money away. But looking at how much we saved over the last 3 years (although earning was probably 2/3rds over the 1st 2 years) it was about 100k in total. Our mortgage payments are about 1000 each month in total for the 2 properties we own. Looking at some of your figures there's much improvement for us to make, starting from this year, as we enter our 30s.
  • scimus
    scimus Posts: 5 Forumite
    We earn about 7000 net per month between the two of us. No idea about how much we save each month since we don't budget or put money away. But looking at how much we saved over the last 3 years (although earning was probably 2/3rds over the 1st 2 years) it was about 100k in total. Our mortgage payments are about 1000 each month in total for the 2 properties we own. Looking at some of your figures there's much improvement for us to make, starting from this year.
  • SailorSam
    SailorSam Posts: 22,754 Forumite
    10,000 Posts Combo Breaker
    Op you may like to read this old thread, see if anything in it is of interest,

    https://forums.moneysavingexpert.com/discussion/1716055

    Note the dates on it though
    Liverpool is one of the wonders of Britain,
    What it may grow to in time, I know not what.

    Daniel Defoe: 1725.
  • CrazyKitten
    CrazyKitten Posts: 105 Forumite
    Debt-free and Proud!
    I earn between £1125 and £1250 a month depending if I get overtime offered, I've only had this wage for three months having previously been on £1002 per month I've gotten into a bit of money trouble so currently saving nothing but hope to change this soon!!
    Comp Wins on Twitter to Date: 20 Prizes!
    £2015 in 2015: £2193 :j
    £2016 in 2016: £2135.14
    Savings Fund : £2100/£10,000
  • I currently take home £1,830.00 p/m and as of Monday (new job!), it will be £1,900.00 - However I have applied to start a company pension which is a sacrifice of 5.00% so I will only be taking home £1,818.00!
    My rent alone is £895.00 and just adding on utilities and petrol budget take this above £1,200 outgoings per month.
    The prospect of taking home less is petrifying, but I WILL still make sure I continue to save £200.00 (or more) per month!
    It could be worse! :beer:
    FTB House Deposit - £28,505.00 / £40,000 - 71.26%
    Emergency Savings - £750.00 / £5,000 - 15.00%
    [STRIKE]Car Finance - Cleared - July 2015 [/STRIKE]
  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    its not what you earn, its what you spend that dictates how well off you are! :)
  • Living outside of London and commuting in may be cheaper.
    That's a lot on household bills a month...

    Have you seen the cost train travel ?
  • I earn £1,200 per month, but i don't have any money to save.
  • £6,500 per month - save £1,200 in S&S ISA and £500 into a pension. £2,000 per month into NSandI that covers my tax come January.

    I know its rubbish interest, but stops me just drawing upon it via internet banking!
  • I live in Paris and I study in FIGS . I don’t earn that much, maybe 1000 ish, and I can’t save a cent lol. That’s why I’m here.
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