How much a month I should be saving?

Greg89

I'm earning £1510 after tax pm.

£50 rent 
£30 travel 
£20 food

£80 DD debt repayment 1-2

All per week and paying my debts off 

How much should I be saving a month?

My team leader saves £300 pm

My other team leader says with his mortgage,it's hard paying which he does for everything 

He says it's difficult to save £80pw

My father causing my mental health problems if im saving £300pm

Some may allocate some money for a holiday 

eskbanker

There's no right or wrong answer to how much you 'should' be saving, but best bet would probably be to analyse your actual outgoings in more detail, as your high level summary must miss out a lot of spend, since it only accounts for about half of your income.

https://www.lemonfool.co.uk/financecalculators/soa.php is a tool that'll help with this - fill it in honestly and accurately, and post the results back here if you want anyone to offer thoughts in the context of the fuller picture.

Greg89

I spend quite a lot on food and other things.

Depends on earnings.

However I think saving £70 a week is normal for someone with a mortgage, bills, travel, DD, food etc  this is for labourer, warehouse, manual, n

My team leader has £3k in savings after years of work 

Richard1212

Why not spend what you need or want to for a few months and then see how much you have left at the end of each month ------and then try and save a similar amount regularly every month.

Or----you don't have to have a fixed amount every month----play it simple and put what you can, when you can, into savings.

Simplicity is often better than targets, aims, or whatever your "team leader" says. Save what you have left at the end of every month.............