Please Answer No One Is Answering

[Amena1234]

Is saving £1750 a month good for 32 years old? This is after all expenses including personal

[jno]

the real question is whether it's enough for you to do what you want to What are you saving for? If, say, it's a house, you could check out the prices of houses you'd like to live in, in places you'd like to live in.

[jno]

You probably only need to post the same question once. Where are you? It's the UK here and it's after midnight so you might not get many answers for a whie.

[Maydup]

Duplicate thread

[jno]

triplicate...

[naomi24]

Moderator's note:  Amena1234, there is no need to ask the same question repeatedly.  I'm removing the duplicates.

[douglas9401]

Been a while.

[newmodarmy]

Is this what you're saving each month or is this about somebody else again.

It's a figure most would struggle to achieve if single unless they were living with parents, but it's the sort of savings that are needed for a deposit on a house in an expensive area.

[rowanwitch]

It's good if you are still able to afford the necessities of life 

It's very good if you can afford the necessities and still have a bit of fun

It's not good if you are saving so hard you are  neglecting yourself and losing contact with your friends

It's not so good if you earn enough to have a a good life but you could save more but are wasting a proportion on luxuries you don't need.

Choose the answer that fits best .... Remember there are some who would love to be able to save even £10 per month... Everything is relative.

[CrapatCryptics2]

It depends where you stand on your general finances. Are without debt as clearing debt is a better deal that earning a pittance of a savers benefit.

[Smowball]

Most people would struggle to save surge a huge amount every month  so if you're managing to do that after all your expenses it's pretty impressive.

[Smowball]

*such

[Old_Geezer]

It'd have been B marvellous when I was 32. Does it include or exclude your pension ?

 

Unsure why I ask, I feel someone around 32 would have looked into how much is a decent saving amount for them these days.

 

£21k a year is probably ok, but do you already pay a mortgage, or are you saving up a deposit ? If the latter then it's going to be quite a while to accumulate a 20% deposit at that rate. 

[theillest92]

Depends how much you make in a Month. It certainly seems like a good amount to save. 

[Canary42]

When I was 32 I didn't even get paid that much in a year.