How much £ do you save each month?

On lone parent benefits and with housing benefit only paying £560 of my monthly £760 rent, i'm barely getting food on the table. The only reason i have a car is cos my OH fills it up with petrol and i've only got the bike cos he bought it for me, paid for DAS training and gives her a drink when she's thirsty! He's a treasure but my savings account is empty and will be for the foreseeable future S'okay, you can put the violins away now

[Viney]

Nuffin. I just about have enough money to get form one pay day to the next. However in September 2011, ill have a few pounds

I guess I probally save 30% inc my pension of my total earnings it really depends on what I'm getting up too.

I have maxed my ISA limit in April for this year so I need somewhere to save on top of that any ideas?

Point of note------You pay tax on your gross salary before pension contribution is deducted and then get taxed on it again when you start to receive the payments.
As a pensioner I can tell you that it sucks,you work hard,save ,buy your house and end up getting less money than somebody who has been frivolous all their life.
Live for today and let tomorrow look after itself,buy all the material things you want and spend any surplus cash before you retire otherwise the government will be holding its hand out for the second bite of the cherry.

Originally Posted by Dicky Ticker

Point of note------You pay tax on your gross salary before pension contribution is deducted and then get taxed on it again when you start to receive the payments.

I'm afriad I don't understand this bit! Expand?

Ha ha ha ha ha moved house, twice in the last 3 years, weddign to pay for and 2 cars blew up int he last 2 years...

HA HA HA HA HA

nothing..

although the wedding has thought me that I like saving and once all my debts are cleared I will do this monthly... Untill I need a new bike... which I always do.

Originally Posted by Bluethunder

I have maxed my ISA limit in April for this year so I need somewhere to save on top of that any ideas?

Mattress mate, failing that, a Lloyds Monthly Saver thing where you can put away £250 a month for a year at 5% odd is not too bad at the moment. It ends up about 2% net over the year.

I've not calculated the percentages but we save a few hundred a month. If I was on my own I'd probably save nout but my wife keeps me in check, which I suppose I will be grateful for one day

I save 0% of £0

Carty---I am refering to private pensions/savings plans which boost your state pension bring your income back into the tax brackets.