Your age, your salary, and how much you save

[Honey Pumpkin]

wow HP... you manage to save 500 pounds out of 3000 pounds... that's impressive. do you live by yourself? or with room-mates? also, do you cook at home? i never cook at home

 

Live by myself, pay all my bills by myself, help out my mum when I can.

 

It's not hard - I take in lunch, try not to waste money; didn't you have a similar thread a while back with loads of good ideas???

 

Seriously - you earn such a lot of money, do you not save at all????

 

Try writing down every single thing you spend for a month, and then doing a budget.

[grymoire]

Live by myself, pay all my bills by myself, help out my mum when I can.

 

It's not hard - I take in lunch, try not to waste money; didn't you have a similar thread a while back with loads of good ideas???

 

Seriously - you earn such a lot of money, do you not save at all????

 

Try writing down every single thing you spend for a month, and then doing a budget.

 

Yes I did.

 

I started another thread (this one) because I felt bad about my friends and my cousin having homes and me still living in a rented apartment.

 

I actually calculated my expenses and noticed that I spend $500 per month just on eating outside I NEVER cook at home. That's the first thing to change.

[woahisme13]

Age- 25

 

Salary- $44,000 year- gross

 

Savings $0

 

I'm trrying to pay off all my debt so I don't really save. I also live a little beyond my means. Whenever I do get some money set aside something comes up- car problems, cracking a tooth biking, eyecare, etc... or I run into a once in a lifetime bargain.

[DaBladeRoden]

Man, I'd love to just make that in a year

[greywolf]

1. 23

2. 1300

3. ~$200

a lot of my money goes to my credit card debt. Although, I should be able to save a lot more now since my parents have told me I don't have to pay rent while I'm a full-time student.

[grymoire]

yea.. seriously bro... 44k per month is a LOT of money

 

you own a business or somethin?

[capbit]

Age- 25

 

Salary- $44,000 month- gross

 

Impressive. Yes, I'd like to hear your profession as well consider you're making more than our president.

[grace_face]

31 years old

$26,000 a year (gross *groan*)

I save MINUS $100 a week

[grymoire]

31 years old

$26,000 a year (gross *groan*)

I save MINUS $100 a week

 

and how exactly do you 'save' minus $100 every week?

[schueysgirl]

Age - 25

Salary £1300 after tax and pension, national insurance

 

Saving - trying my hardest to save for our wedding sometimes I can save £300 a month, sometimes its £200

 

Doing pretty well I try my hardest!

[Alezia]

It really depends on your locale. Here 40-50K a year is pretty average for a starting salary (not talking McDonald worker here) but our grocery costs, taxes etc... is two to three times the ones from the United States.

[woahisme13]

yea.. seriously bro... 44k per month is a LOT of money

 

you own a business or somethin?

 

my bad guys thats only a year. I just caught it and edited it.

[icklegnome]

1) 27

2) £1600 or about $2600

3) about $700 a month

 

I haven't been taxed yet so I'm feeling cheerful about this for the time being

[grace_face]

I "save" minus $100 a week because I end up spending that much more than I earn a week. I was just being funny. lol.

 

Here an average wage for a full time administration worker is between $25,000 and $40,000. The highest wage you can expect for someone like a PA or executive assistant is around $45,000.

 

A junior wage - if you're under the age of 18 - is around $15,000 to $22,000.

 

Someone who works in McDonalds here I think gets around $12 or $14 an hour or something.

 

When I was 22-24 years old in my legal secretary job in Melbourne, I earnt $18 an hour. I'm now 31 and in a secretarial role again, part time (here part time people are supposed to get a higher hourly rate than full time people. SUPPOSED to, but don't always), and I get $19.50 an hour, after working in the same role for 3 years. No pay rise for 2 years. *sigh*

 

Everything goes up, rent, home loan payments, insurance, groceries, transport...but your salary doesn't.

 

Oh, and we get taxed as we go. Part of your pay is taken out in tax, and when you lodge your tax return each year, they either take more or pay you back.

 

Also, I used to be able to supplement my income with bank interest. I used to have more savings than I have now and earnt around 7% on them, but now the rates have plummeted, I only earn 3% on a lot less savings, so that's lowered my income also.

[noneStar]

1: age: 29

2: won't say, but it's above the median household income in canada

3: save*: 50% - 75% of net

 

assuming saving includes investing.

[SouthernSon]

ENA friends,

 

Can you let me know the following:

 

1) your age

2) your monthly salary

3) how much you save per month

 

If you are not comfortable with answering 1 and/or 2 that's fine. I mainly want to know how much you guys manage to save per month.

 

1. Almost 32

2. Around $11,000/month

3. There's no set figure...I've got around $150k between savings and retirement funding

 

 

I will say however that if you are trying to compare your age and earnings/savings with those who respond simply by numbers you're just going to set yourself up thinking you're inadequate or not doing well enough. That sort of mentality can be hard on you, especially if you are driven solely by dollar signs. My advice is not to take jobs just for the money. Some of the previous jobs I had, while they paid well, were absolutely killing me in terms of how much time I had to put in and how little of a social life I had left when I quit.

[Alezia]

Wow 14$/hr for Mc Donalds?!!!! It's 13.28$/hr Canadian. I wish I could do that.

[Jake]

I'm a college student...does that say enough? lol!

 

1. 20 years old.

 

2. $600 + or - 100 a month.

 

3. Saved almost nothing per month (maybe $100).

 

These numbers however are all at 0 now as I got laid off a week ago.