19 May 2015

A question about : How much do you earn and able to save a month?

Just Intrested in how much everyone is able to save a month after rent, bills etc. I'm currently able to save Ј400 a month after rent, bills and food. Some months it can be a struggle with unexpected bills. I earn about Ј1400 a month.

Best answers:

  • I earn 1220 Ish and I'm trying to start small by saving 50 a month plus whatever is left in the account come payday
  • I earn Ј220 per week and could save Ј100 a week. The reality is that I save more like Ј80 on average.
    I only spend Ј25 on rent and pay no council tax. About Ј10 goes into the leccy meter and I don't have gas bills. My only luxury is Sky TV but only the basic package. I now have free broadband (Sky again). I have to spend about Ј30-40 a week on fuel for the car but that has no gone up because of weekly visits to see my Mum (Another Ј20)
    Monthly I pay: Sky (TV and BB) Ј44.50
    Car Insurance Ј24.00
    Club Subs of Ј25.00
    Not a bad life compared to most.
  • I earn around 885 a fortnight and can save around 1000 a month but I'm not very good at it as I usually fritter money on rubbish
    I saved 1225 last month and I'm hoping to keep on track this year because I want to get a mortgage eventually! I'm 30, still live with my parents, have earned a decent wage since I was 19 but I feel like I've wasted the last 10 years of my life now struggling to catch up!
  • Between my wife and me we earn around Ј2700.
    We save as little as Ј1k and as much as Ј1.5k every month after bills, mortgage etc.
    Ј300 mortgage
    Ј80 gas and elec
    Ј20 mobile contracts
    Ј20 sky (just got down from Ј62 by threatening to leave)
    Ј15 internet
    Ј211 car payments
    Ј30 pet insurance
    Ј12 TV licence
    Ј100 Council tax
    Ј30 water
    Ј50 charitable donations
    This will probably drop as we have just bought a new nissan leaf which is costing us Ј211 a month.
  • Between our jobs and rental income, we take home just over Ј3600 per month. We're renting at the moment as in between properties. We're saving as much as possible, average of Ј2000 a month at the moment.
    Ј595 Rent
    Ј250 BTL Mortgage
    Ј120 Gas & Elec
    Ј100 Council Tax
    Ј44 Water
    Ј30 Mobile Phone contracts (Ј15 each)
    Ј41 Sky TV, phone and broadband
    We pay things like car and home insurance, TV licence up front but other than that not much else to pay out other than shopping. Cars are both paid for although we will be replacing one in the next few months so will put outgoings up a bit.
    It's because of MSE I started keeping a spreadsheet of things and making my money work as best I can, best thing I ever did
  • Earning just over Ј1300 a month, still living with parents and saving for my own house so Ј800 a month
  • I earn about Ј1000 and DH Ј1400, we get CHB and we struggle. Having two cars is costly.
  • 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 Ј2400 a month unless you are paying off previous debt.
  • earn on average Ј1250 per month depending on how many jobs i get couriering on the weekend/week nights. i can put away Ј400 a month if i don't decide to be silly and buy something that i don't need.
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