How much do you save?

[weeksy]

less.

[Mr. Dazzle]

Never actually worked it out until now.

32%....but that includes my employer pension contribution. Some of that is for Baby Dazzle too.

[Le_Fromage_Grande]

I don't do any formal saving, but we spend about two thirds of what I get paid each month, apart from this month when I've bought about £5K of stuff.

[KungFooBob]

I over pay £200 on my Mortgage, is that classed as saving?

Actual proper savings, probably about 15% of the household income, but only because the wife makes me. I'd rather just spend it all on drugs and hookers.

[weeksy]

And at what point do you start to save more?

For many, i guess it's 'when you're able to do so'

Not all of us have masses of disposable income.

[Mr. Dazzle]

Straight up cash savings are more like 15% for me. I also put alot more into my pension than I am obliged to cause of the tax relief.

I'm fortunate in that I earn a reasonable crust and I don't have very many magpie tendencies. I spend quite a lot on food (quality not quantity ) and doing stuff with the family, but I don't go in for new cars or bikes etc. I have always been quite dull in that I started saving and budgeting to save as soon as I had a 'real' job...since I've always done it I never got used to having the money in my pocket to burn.

[Horse]

Mortgage now paid off, so we save that.

[KungFooBob]

Our house should be paid off in 5 years (well before I'm 50, whoop). Then I might start saving a bit more, or blow it on drugs and hookers.

[Slenver]

When I was single - about 50%
Since missus and kids - 0%

I can't work out what's changed.

[weeksy]

You look like you do alright to me, you seem to have quite a bit of disposable income, but you obviously choose to spend it rather than save it, which is all I'm asking.

Not sure it's quite as simplistic as that

[Mr. Dazzle]

When I was single - about 50%
Since missus and kids - 0%

I can't work out what's changed.

I worked out the other day that baby Dazzle's school fees are more than the monthly lease on a McLaren. Now if someone had to said to me "you can afford to lease a new McLaren" I'd have said they were barking. It's remarkable how much money you can find/prioritise when you need to sometimes!

[Slenver]

When I was single - about 50%
Since missus and kids - 0%

I can't work out what's changed.

I worked out the other day that baby Dazzle's school fees are more than the monthly lease on a McLaren. Now if someone had to said to me "you can afford to lease a new McLaren" I'd have said they were barking. It's remarkable how much money you can find/prioritise when you need to sometimes!

Just never the child near a horse, that's all I'm saying.

[Yorick]

In the UK I put aside £1,000 a month then I could do what I liked with the rest. Trackdays were an earner for me, so they weren't an expense.

I started making plans for early retirement when I first came here, March 1999.

I got what I planned for.

[Jody]

I "take home" in the region of £1200 - £1300 a month. In the winter I also get tips, approx £150 a month.
I save (I buy premium bonds) £500 a month

In addition, I also have a couple of investments which get me £135 a month and I probably save 1/2 to 3/4 of that.

[Scotsrich]

I never used to save a lot as I never seemed to have any spare cash. By the time I put money into my pension and an account I set up for my tax bill there wasn’t a lot left.

When my mortgage was paid off I put that amount into a stocks and shares account. That was probably the only time I could say that I actually ‘saved’ The money in that account enabled me to move again later and still end up mortgage free.

Now I’m retired this is probably the first time in my life I actually can see how much I have coming in on a monthly basis and am able to go out and spend without worrying about bills. Self employment is great but never knowing how much you will earn isn’t so much.

[Couchy]

I put around 50-60% of my salary each month into savings and pension, I normally split it 50/50 but sometimes move it around if I want to buy something, I prob put another 25% into household/holiday fund too. The remainder goes on household bills and family stuff

[Yorick]

I worked on the idea that every £15k saved was 1 year earlier to retirement. It's a great incentive.

[v8-powered]

Between the missus and I, circa 50% sometimes more. I also max out my pension contributions annually from my business...

[Noggin]

I've not earned/made any money for the last three and a bit years, so nothing!!

I honestly didn't expect to get old, so really hadn't worried about the future

Now, being realistic, the maternal side of my family live for (what seems like) fcking ever, so I need to start sorting myself out

However, where I live I have ridiculously minimal outgoings. I can survive ok not much. But I'd rather be able to actually do stuff

Once I start working/earning I need to sort things out so I have a little stash to be able to go do fun things but also sort out a French pension (if I can ever get through and sort out stuff with HMRC/DWP I'll have a pension from the UK which is see me be ok - but adding a French pension will mean I can do more!).

[Nobby]

After the recession of ‘89/90 I would save everything I could, fearful of a rainy day. After about 5 years I put away a regular amount.
I’m still waiting for that rainy day and my pot is a fair wack