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tuc biscuit
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2007/06/18 17:50:18 (permalink)
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savings

what is a decent amount of saving? what do you have? (if you want to say that is?

do you save? if so what amount? as a percentage of your income or an actual monetary figure?


where do you have these saving? what type of account? invested? if so where?


thanks, just curious and trying to get mine sorted

I wish I was more attractive like Dagless.
#1

17 Replies Related Threads

    JohnE
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    RE: savings 2007/06/18 18:12:11 (permalink)
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    i'm terrible at saving, i'm 23 and on a very good wage, living with parents and no major outgoings and really can't save.
    I did just put 5k savings towards a new car which is quite expensive to run.
    I've just set up a savings account where 500 goes straight into another account each month, however i've got access to this money at any time which is probably a bad thing.
    My aim this month is to save 1k which probably won't happen

    #2
    werdna
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    RE: savings 2007/06/18 18:17:17 (permalink)
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    Before saving you should try rid yourself of any high interest debt such as credit cards and store cards, if you have them the interest on these will be far greater than you will ever get paid on your savings.

    Im 26 and have just about 6 months earnings saved which equates to 15k.

    Its in a high interest savings account with my bank.

    I run my own business and earn approx 30k, i try to save something every month even if its just £50.
    #3
    shane278
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    RE: savings 2007/06/18 18:22:38 (permalink)
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    ORIGINAL: JohnE

    i'm terrible at saving, i'm 23 and on a very good wage, living with parents and no major outgoings and really can't save.
    I did just put 5k savings towards a new car which is quite expensive to run.
    I've just set up a savings account where 500 goes straight into another account each month, however i've got access to this money at any time which is probably a bad thing.
    My aim this month is to save 1k which probably won't happen




    Whats your occupation?
    #4
    JohnE
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    RE: savings 2007/06/18 18:28:09 (permalink)
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    I'm an engineer mate.
    #5
    AJ85
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    RE: savings 2007/06/18 18:44:49 (permalink)
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    try for just over 30% whether or not i manage it every month can vary.. i don't earn that much in the grand scheme of things and i like to go out every week and drink with mates, plus have a gf which costs a damn fortune to be fair..
    #6
    ThePluggedOne
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    RE: savings 2007/06/18 18:47:06 (permalink)
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    Never saved a fukcing penny in my puff, Id like to though

    Making bad life choices since 1976!
    Twitter: @PLUGDIN1
    #7
    RAD#1
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    RE: savings 2007/06/18 18:54:09 (permalink)
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    SAVING MONEY!!!!!!!! Thats a new one on me

    Fly like an eagle......crash land like Knievel
    #8
    GO PRO
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    RE: savings 2007/06/18 18:58:56 (permalink)
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    When working i generally manage to save about £2- £3k per month - but when not working its gets swallowed up very quickly.......

    "THE SWEET IS NOT AS SWEET WITHOUT THE BITTER"
    #9
    tuc biscuit
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    RE: savings 2007/06/19 12:16:18 (permalink)
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    what do you do GO PRO?

    I wish I was more attractive like Dagless.
    #10
    Sprite Goblin
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    RE: savings 2007/06/19 12:28:53 (permalink)
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    I have no savings, a car thats expensive to run, around 10K of debt and about -£100 left over every month, despite earning a fairly decent wage along side the Mrs.

    This is all set to change, this month we have both had good pay rises. 2 lines of money sucking payments have just ended saving approx £95 a month, and very shortly (after the summer) I will be selling my car and purchasing a 106 diesel.

    Should be saving pennies in no time!

    #11
    GO PRO
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    RE: savings 2007/06/19 12:31:34 (permalink)
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    I work in the film industry - pays very very well when working......

    "THE SWEET IS NOT AS SWEET WITHOUT THE BITTER"
    #12
    tuc biscuit
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    RE: savings 2007/06/19 12:33:26 (permalink)
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    hah, oh yeah, sorry I was talking to you in your thread about it lol


    I wish I was more attractive like Dagless.
    #13
    GO PRO
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    RE: savings 2007/06/19 12:34:36 (permalink)
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    Glad to see you were taking note on my life!!!!

    "THE SWEET IS NOT AS SWEET WITHOUT THE BITTER"
    #14
    CoNs
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    RE: savings 2007/06/19 13:00:47 (permalink)
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    i save £50 a week, which pays off my car,

    other than that nothing

    dont get paid much

    about £10K a year :(

    just gotta live with it just now, then hopefully i will be making big bucks in 10 years when i am running the company
    #15
    Squill
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    RE: savings 2007/06/19 14:42:27 (permalink)
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    try to save 10% of my wage per month, as a contingency fund.

    "The main side effects of steroids is greatness!"          
    #16
    DEAD_WEIGHT
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    RE: savings 2007/06/19 14:51:57 (permalink)
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    Never saved in my life until 2 months ago after finding out my gf is pregers

    saved £600 in 2 months not bad so far looking at having 3k saved but my cars MOT is due and i can see that eating away at the savings
    #17
    Skrewdriver
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    RE: savings 2007/06/19 16:07:01 (permalink)
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    what is a decent amount of saving?

    How long is a piece of string. Depends where you live, have you paid off your mortgage, - what you want out of life I guess





    what do you have? (if you want to say that is?

    I've got something over £60,000 at the moment, but not only do I live in the south of England I'm also off the property ladder, so 60 doesnt really go very far




    do you save? if so what amount? as a percentage of your income or an actual monetary figure?

    I'm saving about a grand a month at the moment, plus the interest on my savings, which is just about keeping up with inflation !





    where do you have these saving? what type of account? invested? if so where?

    As much as I can get in the ISA, the the highest interest savings accounts I can find (Icesave, Citibank, ISA currently in ingdirect at 6.55%


    #18
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