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Ignorant Steve

Savings Rate

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How much can you realistically currently save from your take home pay?

Are you saving more or less than last year?

Many claims on this board re inflation in utilities, fuel prices etc affecting consumption. Are they also affecting savings rate? Is everyone economising in other areas to maintain savings rate or are we saving less?

Edited by Ignorant Steve

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Early results suggest a very high savings rate, and increasing yearly. Didn't expect that.

High rate, yes. Increasing, no.

How? Increases in salary? Promotions?

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Guest Winners and Losers

I'm not spending a thing. I walk to work and only eat 1 banana and a yoghurt (12 for the price of 6) for lunch. That is it, besides bills.

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Early results suggest a very high savings rate, and increasing yearly. Didn't expect that.

High rate, yes. Increasing, no.

How? Increases in salary? Promotions?

Dividend income from the investments I made after I Sold To Rent :D .

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My pay hasn't increased but I bought a lot of expensive stuff (plasma + SS, snowboard stuff etc) last year. Now I don't have anything expensive left to buy except an X-box 360 at some point.

Am also gonna downgrade my car soon.

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Guest muttley

Early results suggest a very high savings rate, and increasing yearly. Didn't expect that.

High rate, yes. Increasing, no.

How? Increases in salary? Promotions?

We're all GPs.

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Gave myslef a big payrise by offloading some student debt I had, and the usual payrise. In all I can save something 35% of my take home pay and I think I can get it to about 50%.

Just have to fight the urge to buy a fast car. Nothing wrong with my 1.4 Honda Civic, well at least it does 55 mpg.

B)

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Don't have any big expenses and live a frual life, yet I'm on below average wage and so far this year I've not managed to save anything despite my constant efforts to do so.

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im saving roughly 75% of take home pay atm, mostly due to not buying anything apart from essentials like food,petrol etc and the odd pint or 2 :-)

Edited by HenryWeston

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How? Increases in salary? Promotions?

Cutting all non-essential spending, investing in commodities, buying lots of cheese.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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