I'd appreciate some advice about saving for a deposit. At the moment we are putting money into a joint account, minus bills, rent, food etc and transferring a portion of it over to savings. We have only started this method.
Would we be better off setting aside a specific figure each month? How much should we aim for?
Age: 26
Spouse’s/Partner's age: 27
Annual gross income from employment or profession: €38k (2250 a month approx)
Spouse’s/Partner's €44k (circa 2300 a month- minus a saving scheme, should be maybe 2600)
We put 1850 into account leaving about 400 each for personal spending clothes, mobile, going out etc
In general are you:
(a) spending more than you earn, or
(b) saving?- Saving
Our main monthly outgoings are:
Rent: €800
Bills: €100 approx
Petrol: €80 approx
Groceries: 400-500
Loans/Credit Cards: None (Card is paid in full each month)
Savings and investments: About 10k in shares, circa 7k in savings accounts
Do you have a pension scheme? Yes (already factored into take home)
Ages of children: None
The last couple of months we have put aside 1400-1500 in to savings. Does this seem reasonable or could we do better? I know our main expenses + saving leaves about 750 more, but this needs to include all the other stuff (doctor, dentist, weddings, car maintenance tax & insurance, household items, miscellaneous)
Would we be better off setting aside a specific figure each month? How much should we aim for?
Age: 26
Spouse’s/Partner's age: 27
Annual gross income from employment or profession: €38k (2250 a month approx)
Spouse’s/Partner's €44k (circa 2300 a month- minus a saving scheme, should be maybe 2600)
We put 1850 into account leaving about 400 each for personal spending clothes, mobile, going out etc
In general are you:
(a) spending more than you earn, or
(b) saving?- Saving
Our main monthly outgoings are:
Rent: €800
Bills: €100 approx
Petrol: €80 approx
Groceries: 400-500
Loans/Credit Cards: None (Card is paid in full each month)
Savings and investments: About 10k in shares, circa 7k in savings accounts
Do you have a pension scheme? Yes (already factored into take home)
Ages of children: None
The last couple of months we have put aside 1400-1500 in to savings. Does this seem reasonable or could we do better? I know our main expenses + saving leaves about 750 more, but this needs to include all the other stuff (doctor, dentist, weddings, car maintenance tax & insurance, household items, miscellaneous)