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Actually really fucking easy!
How much do you thi you can save in a month without giving up too much?
The rest is pretty easy. That stuff isn't.
And energy bills keep on rising. So do rail fares, for people who have to commute to work.
that is a fixed cost too.
I have saved around 50quid a week plus other associated costs like take aways, silly impulse purchases made whilst stoned, got rid of my cleaner as I now have motivation to do it myself, plus my resulting improved memory means I remember to pay bills on time, thus avoiding fines for late payment. It's a game changer.
but the clarity after you give up is even better. never would've believed that if someone had tried to tell me when i was smoking too much.
and i don't own a car.
So about £1k
We save a grand. Our net income is 3 so we try to save a third, spend a third and have a third on our mortgage
why would you not just pay off more of your mortgage?
but with our medium term plans (family, work on house, new car) we're putting away money which we can get to quite easily.
Train fare is around 15%
Bills come to another 25%
After food and beer I save precisely nada
I'm skint and it's only the 6th.
If you don't go out drinking much, spending rounds and rounds and rounds on your card.
Much like everything in life. You make sacrifices in order to do so.
I stash away about £500 a month most months. I don't have parents who are going to give me money for a deposit on a house (I'm sure they could spare a few grand like but...) so I've got to save it all myself. Got a bit of a chip on my shoulder about it, sure, but needs must...
it's one of those things where people often say 'I can't' when they really mean 'I don't want to'
we all like wasting money on fun stuff but most of us could probably easily cut down on at least some of their costs if they really wanted to - you can't have your cake and put it in a savings account
Although most of the people who I hear moaning about their finances are middle-class people who spend most of their outgoings on leisure, have reasonably comfortable jobs and no dependents/children...
And I need to save like a grand in 2 months or so. It should be a doddle given I'm living back with my parents for a bit.
I need your help!
Unless you see no value in deferred gratification of course, in which case you need to help yourself there I'm afraid...
I'm just awful at remembering to save/actually saving.
payday standing order
Well... create a system to do so, and stick to it. It's that simple.
The only person's help you need is your own.
terrible at saving. Love buying drinks and tickets. Even a month of veganism hasn't saved me money on food. Don't have a clue how this has happened.
sadly i've only managed 100 a month (direct debit straight out!)since i moved further into London but have managed to creep past 10k....still going to need so much more to think about picking up a flat somewhere in London though
(or so we can have a gloat about how much savings we have)
i know when i used to save for guitar gear as a teenager i was so strict with myself, was so worth it in the end too
my savings go out as a standing order on payday and I just work with what I've got left, it's much easier to do if you're not actively having to rebudget and put cash into savings each month
I do have 2 saving a/cs though, the general 'savings' one to not be touched except in genuine emergency and a separate one for 'stuff' which is a bit more ad hoc for specific things I'm saving for
I guess I should address this somehow. It just seems that every month I get paid and I'm in credit. Then my rent goes out and I'm a bit overdrawn. The next thing I know I'm £800 overdrawn. Ongoing cycle. Might live the life of a nun for a bit.
Well if that worries you, I guess taking a few months out of your life to get it sorted is time well spent.
If you can't be bothered with that/want to spend your money on other things then that's up to you... Being financially level isn't important in and of itself but, if you view it as being important, it's up to you to take control and get it sorted.
Possibly doesn't help that I decided that it would be a good idea to live alone for a bit.
Don't fear Marilyn!
then i get paid and think i'l save something this month just so as not to go in the overdraft again, but I never do. Rent, bills and commuting arn't too much of a problem. I just enjoy going to gigs/buying clothes/music/books too much.I don't really see why I should give them up because I prefer that to anything. Therefore I'm giving up food.
lucky to have a job that pays around £50K. I take home around £3K into my bank. I used to completely hammer my mortgage where I'd take off £2K capital each month but did very little fun stuff I haven't had a holiday since 2007. This year, I've got my mortgage is over and so can do things that I enjoy. I've booked a week in New York in a April. For the four or five years that I had a mortgage I was financial astute but had very little life experiences to show for it and oddly didn't enjoy life as much as I should. Like I said in my first sentence; save a bit and live a bit. Neither too much of one.
mortgage free by 36
bravo good sir
Really fucking difficult now.
outgoings. For four or five years, I'd overpay my mortgage big time and looked at the low numbers on the computer screen and felt "happy" that that was the thing to do. There was nothing life affirming about it. I'm in a good position now but spent many years not allowing myself simple pleasures.
fuck you guys
Don't have a child. It's a second mortgage.
Now money is more abstract than ever.
...the government pays for any children you have you sillies.
after my fixed costs, I just take out £50 a week out of the bank to last me all week (this is FUN MONEY, so any new clothes, drinks, cinema, non essential stuff)
any money i have left over each week goes into the FUN SAVING money, and the other money i save by only having £50 a week for stuff jsut stays in teh bank account.
seems to be working
You can't take an ISA with you when you're gone. YOLO.
Blame having a new gf for that.
Gonna save once I get back from holiday though, owning a house and running a car means there's a lot of outgoings though. Petrol is so expensive at the moment.
This is mainly down to having to put money down on flats and stuff. Sometimes I get really sad and spend loads of money on trains, records, beer etc. Then I'll be really happy and do extra work on top of my job and save loads. Then I'll get really sad, buy £100 worth of acid from a guy in the street and go on a 3 day bender. Peaks and troughs.
Can save about £500 a month if I go really mental and lie in the dark. Usually about £200 a month with no effort.