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  • FIRST POST
    • jadesarah1
    • By jadesarah1 11th Feb 15, 1:13 PM
    • 59Posts
    • 24Thanks
    jadesarah1
    How much do you earn and able to save a month?
    • #1
    • 11th Feb 15, 1:13 PM
    How much do you earn and able to save a month? 11th Feb 15 at 1:13 PM
    Just Intrested in how much everyone is able to save a month after rent, bills etc. I'm currently able to save 400 a month after rent, bills and food. Some months it can be a struggle with unexpected bills. I earn about 1400 a month.
Page 2
    • chocolatelover93
    • By chocolatelover93 10th Mar 15, 5:07 PM
    • 1,007 Posts
    • 7,073 Thanks
    chocolatelover93
    I wish I could save more, I only get 858 (soon going up to 910 thanks to a pay rise) a month. I am also paying off a loan to my dad, but worked out if I pay him 50 a month I will be debt free in 11 months
    I also own my car (it's a 15 year old Focus, TBH I don't really care what car I drive as long as it gets me from A to B) and I do have Sky TV and a mobile so thats my only luxuries really.
    Read my diaryHere
    • savingwannabe
    • By savingwannabe 10th Mar 15, 5:50 PM
    • 14,023 Posts
    • 47,508 Thanks
    savingwannabe
    Hey chocolate lover don't beat yourself up. Well done. Every little bit helps. Eventually it will add up. Congrats, you are way ahead of many people in the population.
    Christmas Fund 168
    Reminder: summer is about making money
    • chocolatelover93
    • By chocolatelover93 11th Mar 15, 9:22 AM
    • 1,007 Posts
    • 7,073 Thanks
    chocolatelover93
    Hey chocolate lover don't beat yourself up. Well done. Every little bit helps. Eventually it will add up. Congrats, you are way ahead of many people in the population.
    Originally posted by savingwannabe
    Thank you
    Read my diaryHere
    • Kernow666
    • By Kernow666 11th Mar 15, 10:30 AM
    • 3,368 Posts
    • 3,128 Thanks
    Kernow666
    i can easily save 500 a month as am a bit penny pinching , the job i am in i work fulltime and theres always overtime on offer that i get time & half for so usually work 6 days a week as that day i get the extra for so worth it
    "If I know I'm going crazy, I must not be insane"
    • steevi
    • By steevi 11th Mar 15, 10:48 AM
    • 42 Posts
    • 27 Thanks
    steevi
    I get about 1700 a month, and I manage to save a grand total of 35 a month BUT it's better than nothing.

    800 goes on mortgage and household bills
    100 on insurances
    300 on the horse's upkeep
    150ish on petrol
    120ish on food
    • ifeelsad
    • By ifeelsad 11th Mar 15, 12:09 PM
    • 58 Posts
    • 55 Thanks
    ifeelsad
    I understand that everyone is different and have different outgoings but on a personal level I simply cannot understand how a couple can struggle on a monthly income of 2400 a month unless you are paying off previous debt.
    Originally posted by pony_boy
    Our mortgage is 1600 a month, and transport just to get to and from work everyday is 500 a month. Add 600 for household bills, 200 for food for us and there is no way we could live on anything close to 2400.

    We pick up 4200 between us, but add in 140 for food for our 2 pets, and another 150 for vet bills/drugs/insurance for the cat, and we end up saving 400 if we're lucky :-(
    Last edited by ifeelsad; 11-03-2015 at 3:17 PM.
    • restless6
    • By restless6 12th Mar 15, 9:57 PM
    • 447 Posts
    • 362 Thanks
    restless6
    Our mortgage is 1600 a month, and transport just to get to and from work everyday is 500 a month. Add 600 for household bills, 200 for food for us and there is no way we could live on anything close to 2400.

    We pick up 4200 between us, but add in 140 for food for our 2 pets, and another 150 for vet bills/drugs/insurance for the cat, and we end up saving 400 if we're lucky :-(
    Originally posted by ifeelsad

    your choice to have such a big mortgage though!
    • ifeelsad
    • By ifeelsad 13th Mar 15, 10:15 AM
    • 58 Posts
    • 55 Thanks
    ifeelsad
    your choice to have such a big mortgage though!
    Originally posted by restless6
    We don't live in a big/posh house or anything - it's only 2 bedrooms and needs a lot of work donig to it. We bought pretty much the cheapest thing we could find. Before this we were renting a tiny, grotty 2 bedroom flat for 1500 a month (again it was the cheapest we could find) and still had all the same living costs.

    If you work in London you don't really have a choice.
    • leespot
    • By leespot 13th Mar 15, 10:34 AM
    • 538 Posts
    • 436 Thanks
    leespot
    We don't live in a big/posh house or anything - it's only 2 bedrooms and needs a lot of work donig to it. We bought pretty much the cheapest thing we could find. Before this we were renting a tiny, grotty 2 bedroom flat for 1500 a month (again it was the cheapest we could find) and still had all the same living costs.

    If you work in London you don't really have a choice.
    Originally posted by ifeelsad
    Pets are a choice though (joke) But on a serious note, the prices you've quoted above are one of main reasons why we don't have pets.
    • Bublin1
    • By Bublin1 22nd Mar 15, 7:39 AM
    • 702 Posts
    • 1,682 Thanks
    Bublin1
    Deleted............
    Last edited by Bublin1; 22-03-2015 at 7:42 AM.
    Dave Ramsey Fan[/COLOR]
    • anotheruser
    • By anotheruser 24th Mar 15, 5:23 PM
    • 2,738 Posts
    • 1,578 Thanks
    anotheruser
    If you work in London you don't really have a choice.
    Originally posted by ifeelsad
    Living outside of London and commuting in may be cheaper.
    That's a lot on household bills a month...
  • scimus
    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.
    Last edited by scimus; 24-03-2015 at 8:42 PM.
  • scimus
    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
    • By SailorSam 24th Mar 15, 9:03 PM
    • 21,172 Posts
    • 36,772 Thanks
    SailorSam
    Op you may like to read this old thread, see if anything in it is of interest,

    http://forums.moneysavingexpert.com/showthread.php?t=1716055&highlight=how+much+do+you +earn

    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
    • By CrazyKitten 26th Mar 15, 1:29 PM
    • 105 Posts
    • 227 Thanks
    CrazyKitten
    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
    2016 in 2016: 2135.14
    Savings Fund : 2100/10,000
    • Lala2015
    • By Lala2015 12th Nov 15, 9:32 AM
    • 228 Posts
    • 220 Thanks
    Lala2015
    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!
    FTB House Deposit - 28,505.00 / 40,000 - 71.26%
    Emergency Savings - 750.00 / 5,000 - 15.00%
    Car Finance - Cleared - July 2015
    • wymondham
    • By wymondham 16th Nov 15, 11:18 AM
    • 5,660 Posts
    • 10,572 Thanks
    wymondham
    its not what you earn, its what you spend that dictates how well off you are!
    • fashionvictim
    • By fashionvictim 16th Nov 15, 5:59 PM
    • 184 Posts
    • 119 Thanks
    fashionvictim
    Living outside of London and commuting in may be cheaper.
    That's a lot on household bills a month...
    Originally posted by anotheruser
    Have you seen the cost train travel ?
    • monic89232
    • By monic89232 24th Nov 15, 1:34 AM
    • 3 Posts
    • 0 Thanks
    monic89232
    I earn 1,200 per month, but i don't have any money to save.
    • Credit-Crunched
    • By Credit-Crunched 24th Nov 15, 3:24 PM
    • 2,107 Posts
    • 4,138 Thanks
    Credit-Crunched
    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!
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