How much of your take home pay do you save a month?

[BASH212]

There is the 50-30-20 rule however intrigued to know how much my fellow somalis are saving a month. State the currency too.

I'll start.
Net pay: £2800
Save roughly £1500 a month.

Let me know what your saving could be £5 it doesn't matter let us know in the comment below!

 

[QueenofKings]

I work part time and I save 80-90% (but I’m married).

I use to be really bad with money. But I quite like savjng and reaching my saving goals now.

You’re saving a good amount ManshaAllah. Do you live at home or out? If at home you could probably save more?

 

[BASH212]

yea

I work part time and I save 80-90% (but I’m married).

I use to be really bad with money. But I quite like savjng and reaching my saving goals now.

You’re saving a good amount ManshaAllah. Do you live at home or out? If at home you could probably save more?

Yeah definitely man you're doing class too. Currently living out just renting a room with other housemates atm as still single.

 

[Boogie]

I work part time and I save 80-90% (but I’m married).

I use to be really bad with money. But I quite like savjng and reaching my saving goals now.

You’re saving a good amount ManshaAllah. Do you live at home or out? If at home you could probably save more?

I thought u were like 17 how are u married?!??!

 

[QueenofKings]

I thought u were like 17 how are u married?!??!

I’m 27

come on now I reply with a ( usually) well thought through essay for each post. What 17 year old does that

 

[QueenofKings]

yea

Yeah definitely man you're doing class too. Currently living out just renting a room with other housemates atm as still single.

It depends on your situation but living at home saves a lot more. I saw this Somali YouTuber who made me think. He was saying something like ... Somali families have multiple kids that all live out of the house. So they pay 5 rents, electricity bills, food bills etc. If they all lived together they would have between them only 1 rent, 1utility bill etc. And then, with the money you save, you can buy your first property together. I know that’s not always feasible though because people are different ages/ wanting to live in different areas etc. But so far I’ve observed 2 of my close Indians doing that ( living at home and then buying with their siblings).

I couldn’t do that because I’m the youngest and there’s a massive age gap, but I think it’s a good idea for those who can.

 

[Sloane Ranger]

I’m 27

come on now I reply with a ( usually) well thought through essay for each post. What 17 year old does that ☺

How long have you been married for ?

 

[QueenofKings]

How long have you been married for ?

4 years