How much £ do you save each month? - SV650.org

23-07-09, 08:01 PM

Having turned the ripe ol age of 30 i have been thinking/worrying recently about how much money I should be saving each month?

At moment it's 10% of take home pay and about 7% of take home into a pension.

I think I'm being quite sensible (perhaps too much so) as i wanna get a deposit for a house together in next few years.

But was wondering how much everyone else saves 'for a rainy day' or whatever? Or do you live for the moment and spunk it all up the wall come pay day?

23-07-09, 08:06 PM

Between 30% and 50% of take home pay at moment as I finish work at end of year (redundancy) and saving for a potential few months looking for work

23-07-09, 08:09 PM

5% into pension then company matches the 5%.

Other than that....nothing! I'm 20 and trying to insure 2 vehicles!

If you can afford to save 10% without impacting your social life then do it!

EDIT: Plus, I'm in a safe position at work (I know that no one ever really does know) as I've just had the next 3 years planned out with day release education (MSc).

hindle8907 · 23-07-09, 08:17 PM

im 20 and just moved out a year and half ago with my girlfriend have got an amazing apartment / shes got a 07 plate astra and i have got my sv .... and we come out with around 2330 a month between us and after all our out goings (inc Food )there is 130 quid between us lol so we are officially skint !

So 0%

and we only rent as well not got motage !!!!

23-07-09, 08:18 PM

Quote:

Originally Posted by dj_pingu

How much £ do you save each month?

Save? He said save!! I wish!!

23-07-09, 08:24 PM

Quote:

Originally Posted by Jabba

Save? He said save!! I wish!!

See? Some people still have a sense of humour!

DarrenSV650S · 23-07-09, 08:27 PM

I'm currently living off my "savings". Which used to be my bike foreign holiday fund

I need a job

dizzyblonde · 23-07-09, 08:32 PM

I don't earn enough to save.

Hopefully Im Indoors will get this job hes applied for, so I can start. My son has more in his money box than I do!
I'm 32, no pension. But in the last four years it was kind of hard enough living as a single parent and keeping my home my own than saving pennies.

G · 23-07-09, 08:35 PM

Not a great deal at the moment.

Company had an across the board 12.5% pay cut recently, so I left....hated my new job despite a significant pay rise (money is not everything) so went back to my old employer at the 12.5% less. When I originally said I was leaving they said I didnt have to take the 12.% pay cut so I shot myself in the foot really.

In the last month we have decided to move near Market Harborough as well to be nearer my girlfriends work.

the_lone_wolf · 23-07-09, 08:45 PM

I save about 50% of what I bring home, bung it straight in my ISA so I never see it again in my online accounts and get tempted to spend it

23-07-09, 08:01 PM	#1
dj_pingu Guest Posts: n/a	How much £ do you save each month? Having turned the ripe ol age of 30 i have been thinking/worrying recently about how much money I should be saving each month? At moment it's 10% of take home pay and about 7% of take home into a pension. I think I'm being quite sensible (perhaps too much so) as i wanna get a deposit for a house together in next few years. But was wondering how much everyone else saves 'for a rainy day' or whatever? Or do you live for the moment and spunk it all up the wall come pay day?

23-07-09, 08:06 PM	#2
MR UKI (1) Guest Posts: n/a	Re: How much £ do you save each month? Between 30% and 50% of take home pay at moment as I finish work at end of year (redundancy) and saving for a potential few months looking for work

23-07-09, 08:09 PM	#3
TazDaz Guest Posts: n/a	Re: How much £ do you save each month? 5% into pension then company matches the 5%. Other than that....nothing! I'm 20 and trying to insure 2 vehicles! If you can afford to save 10% without impacting your social life then do it! EDIT: Plus, I'm in a safe position at work (I know that no one ever really does know) as I've just had the next 3 years planned out with day release education (MSc). Last edited by TazDaz; 23-07-09 at 08:10 PM.

23-07-09, 08:17 PM	#4
hindle8907 Member Mega Poster Join Date: May 2009 Location: Manchester Posts: 1,492	Re: How much £ do you save each month? im 20 and just moved out a year and half ago with my girlfriend have got an amazing apartment / shes got a 07 plate astra and i have got my sv .... and we come out with around 2330 a month between us and after all our out goings (inc Food )there is 130 quid between us lol so we are officially skint ! So 0% and we only rent as well not got motage !!!! __________________ 2006-2007 -- Gilera Runner 50 - Sold 2007-2008 -- Hyosung XRX125 - Stolen 2009-2010 -- 05 SV650n - CAT - B 2010-Now -- 00 SV650s & 00 SV650n & GSXR 600 K2 Last edited by hindle8907; 23-07-09 at 08:18 PM.

23-07-09, 08:27 PM	#7
DarrenSV650S Member Mega Poster Join Date: Jul 2006 Location: Dundee Posts: 4,414	Re: How much £ do you save each month? I'm currently living off my "savings". Which used to be my bike foreign holiday fund I need a job

23-07-09, 08:32 PM	#8
dizzyblonde Da Cake Boss Mega Poster Join Date: May 2007 Location: On a flying Horse Posts: 9,992	Re: How much £ do you save each month? I don't earn enough to save. Hopefully Im Indoors will get this job hes applied for, so I can start. My son has more in his money box than I do! I'm 32, no pension. But in the last four years it was kind of hard enough living as a single parent and keeping my home my own than saving pennies. __________________ Suzy, yellow 2001 SVS. Kitty, V-Raptor 1000, ZZR1400<<its my bike now Pegasus! Hovis 13.8.75-3.10.09 Reeder 20.7.88-21.3.12

23-07-09, 08:35 PM	#9
G Member Mega Poster Join Date: Apr 2007 Posts: 3,770	Re: How much £ do you save each month? Not a great deal at the moment. Company had an across the board 12.5% pay cut recently, so I left....hated my new job despite a significant pay rise (money is not everything) so went back to my old employer at the 12.5% less. When I originally said I was leaving they said I didnt have to take the 12.% pay cut so I shot myself in the foot really. In the last month we have decided to move near Market Harborough as well to be nearer my girlfriends work. __________________ 6.67300 × 10-11 m3 kg-1 s-2

23-07-09, 08:45 PM	#10
the_lone_wolf Captain Awesome Mega Poster Join Date: Jan 2007 Location: Hamble Posts: 4,266	Re: How much £ do you save each month? I save about 50% of what I bring home, bung it straight in my ISA so I never see it again in my online accounts and get tempted to spend it __________________ Official "Dumbass of the Year" 2011 (•_•) ( •_•)>⌐■-■ (⌐■_■) Deal with it...

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