How much do you save each month?

Timmel_rimmel

Interesting thread and also interesting that people count different things within the overall category of saving.

It made me realise I save more than I think if counting pension contributions, mortgage capital repayment, property capital growth, etc. which i wouldn't have directly considered to be saving but I suppose it all adds to net wealth.

I also wonder how much of people's savings are earmarked for things, i.e. Annual things like holidays, xmas, big house items, etc and how much is unallocated? I'd never really thought of allocated savings to be savings as such as they're more of a deferred payment.

I have lots of online savings accounts for different areas of spend and this represents around two thirds of my net minthly income, but half of this is probably medium term spend and so I probably fall into the third-third-third category mentioned earlier (without necessarily realising I did!).

JamesN

Thanks for all the responses. Very useful!

Need to squeeze a bit more out into savings I think but reassuring to know I'm starting at a good level.

Ken68

Thank YOU James, good thread. Feather,cap and all that.

Dandytf

Trying to start saving just t/ferred 60 into instant access via iPhone app.
60p/m is not a bad start, not sure if i'll increase amount though tempted to save maybe 90 or 100 p/month.

jennifernil

As much as possible......if we don't spend it we save it!

We save all the excess, then spend some of it next year on holidays or give it to the children/grandchildren.

Out of £35k per annum, we only really NEED £20k,as mortgage is paid off, so we save/give away/use the excess on holidays etc.