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I have a spreadsheet of known in-comings and out-goings, I try to tweak the savings amount to allow for about £100 a week to live on. But food shopping and fuel are covered elsewhere too so it's pretty solely going out/un-expected costs really.
It's not a perfect system and when I started out doing it I was living on £40 a week so it is possible to live on far less and save more.
There does seem to be a happy balance you reach of some to spend and some to save - in certainly not in the position of having a years salary in the bank and saving £2k a month like some though. But in my first year of owning a house I have replaced all the white goods (through breakdown/faults) bought furniture, replaced a dead laptop and bought 'stuff' for the house and also managed to stick 3 months mortgage payments into an ISA should I need it (I also have a 3 month notice period so should the worse come to the worse I have time to get sorted). So I personally feel like I'm doing pretty damn well considering
Start the saving off and keep track of it - as mentioned above, it forms a habit which can be rewarding as buying stuff from cash rather than from debt is gratifying.
Also gsp1984 - what the hell do you do?
😛
toby1 - Member
Also gsp1984 - what the hell do you do?
I work for the offshore industry, unfortunately I have to travel a lot, but fortunately when I am traveling I'm not spending my own money.
So swings and roundabouts.
Fair enough then - I earn an okay amount but have little outgoings (car/phone etc all go through my business) but I do get home at 5.45pm almost every night to see my little girls which is a fair trade off against earning £££££££££s
I save between £1500 and £2000 a month.
Fair play mate!
£0 a month was my best last year, most months these days seem to be around £100
It's a simple way of life.
Fair play - if I could I would 🙂
What did you eat when you didn't spend anything Sharki?
finbar
By foraging and bartering, somedays I ate little, others very well.
By foraging and bartering, somedays I ate little, others very well.
+1, it's amazing what you can blag from generous people. People at work used to ask if I wanted anything from the shop, I used to say 'I've got no money but I'll come for the walk and fresh air' more often than not people will offer to buy you something.
Infact met up with an old colleague on friday and bought them lunch to return the favour lol
You can get some nobbers that bring bring out the small violen joke too. Although it's often no joke for the person involved.
I'm impressed. I imagine it'd be harder at this time of year.
Plenty of small ways you can help people, in fact this time of year is probably the best time for a spot of bartering.
Leaves, untidy gardens, logs to chop, etc.
My present one is a roof repair and odd jobs around a stable yard and arena. Food, a place to stay if i need to and i get to ride the horses.
But as always it's a numbers game, you need to speak to a lot of folk, trust is hard to gain, but those that do trust you, usually find a way in which i can help them, and a meal worked for is a tasty meal indeed.
I save between £1500 and £2000 a month
A colleague lives off the interest on his savings, so he's saving his entire salary every month. When I last caught sight of his pay slip, the net salary began with a 3.
The way to achieve this seems to be to never move out of your parents' house and to be in your early 50s.
[i]A colleague lives off the interest on his savings, so he's saving his entire salary every month. When I last caught sight of his pay slip, the net salary began with a 3.[/i]
Ok but how many following digits before the decimal point. 😆
A colleague lives off the interest on his savings, so he's saving his entire salary every month. When I last caught sight of his pay slip, the net salary began with a 3.
Not dis-similar to my brother. No idea what he earns but not a huge amount - he did have a house but sold it and made good money on it then moved back in with mum and dad as he was working away so much of the time he thought it was daft to own his own home (he is single and has no desire to settle down).
Now he can't spend money quickly enough so every month he saves even more and it keeps growing although I am sure the present interest rates make it slightly less comfortable than it used to be - he was earning nearly as much in interest each month as I was earning through working.
This thread of spending vs saving has got me thinking.
I've never been a saver. I'm fortunate enough to have a decent income (by average standards), but spend it all.
Next year Mrs North and I want to do some significant work to part of the house. We're going to have to change our ways and save.
Which is about time.
Thanks for the inspiration..!
A colleague lives off the interest on his savings, so he's saving his entire salary every month. When I last caught sight of his pay slip, the net salary began with a 3.
The way to achieve this seems to be to never move out of your parents' house and to be in your early 50s.
I have a friend that still lives with his parents, he has just swapped his exige for an early gallardo!
I live in the midlands where houses are cheap fortunately my outgoing consist of £1000 into a joint account with my girlfriend, she also pays in £1000 and that covers the mortgage, bills, food etc for the month.
If she ever left me and I move back home I think I'd buy a gallardo to though lol.At least for a short while before buying another house.
I have a friend that still lives with his parents, he has just swapped his exige for an early gallardo
I can only assume his parents are complete mugs 😕
Someone I once worked with sold his house and moved back into his mum and dad's purely so he could buy a brand new Ferrari.
Our bosses forbid him from coming into work in it because they said it gave the wrong impression to clients - they said it would make them assume they were being fleeced so people could spunk money on flash cars.
🙂
Someone I once worked with sold his house and moved back into his mum and dad's purely so he could buy a brand new Ferrari.
Define "A Loser".
Define "A Loser"
It also pretty much sums up the Top Gear studio audience.
I can only assume his parents are complete mugs
If you live away from home for 7 months of the year what the point in having your own house if your single. I would agree with him to a certain extent.
Discussing money is vulgar.