British Expats

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-   -   How much do you save? (https://britishexpats.com/forum/sand-pit-116/how-much-do-you-save-719026/)

Millhouse May 30th 2011 7:00 pm

How much do you save?
 
There are always loads of posts regarding if a package works or not, and surprisingly different views. As they say revenue is fantasy bottom line is reality, it doesn't matter what you earn it's what you save.

So, how much, on average, do you try and save each month?

I'll vote when some others have for anonymity.

kittycat1 May 30th 2011 7:00 pm

Re: How much do you save?
 
No poll....

al dente May 30th 2011 7:03 pm

Re: How much do you save?
 

Originally Posted by kittycat1 (Post 9399116)
No poll....

Give me an anonymous poll and i'll let you know!

Mogs May 30th 2011 7:05 pm

Re: How much do you save?
 

Originally Posted by Millhouse (Post 9399114)
There are always loads of posts regarding if a package works or not, and surprisingly different views. As they say revenue is fantasy bottom line is reality, it doesn't matter what you earn it's what you save.

So, how much, on average, do you try and save each month?

I'll vote when some others have for anonymity.

Poll would be more interesting in AED / $ / £ - rather than % which in my opinion doesn't give any insight.

Millhouse May 30th 2011 7:06 pm

Re: How much do you save?
 

Originally Posted by Mogs (Post 9399127)
Poll would be more interesting in AED / $ / £ - rather than % which in my opinion doesn't give any insight.

I didn't realize there was such demand!

Anyway, it's not easy to figure out the boxes as packages and savings vary so much!

kittycat1 May 30th 2011 7:07 pm

Re: How much do you save?
 
whoever saves 40000 aed a month is taking me for dinner ! lol

Millhouse May 30th 2011 7:15 pm

Re: How much do you save?
 

Originally Posted by kittycat1 (Post 9399131)
whoever saves 40000 aed a month is taking me for dinner ! lol

I know people saving over 150k AED / month if you include the bonuses.

kittycat1 May 30th 2011 7:18 pm

Re: How much do you save?
 

I know people saving over 150k AED / month if you include the bonuses.
Today 8:07 am
seriously? what do they do for a living? and where do I need to hang out to meet these people? lol

That is quite an obscene ammount of money!

Millhouse May 30th 2011 7:21 pm

Re: How much do you save?
 

Originally Posted by kittycat1 (Post 9399148)
seriously? what do they do for a living? and where do I need to hang out to meet these people? lol

That is quite an obscene ammount of money!

yeh, it's shocking really. These days are reducing now though but 80-120k monthly packages with 100-150% bonuses were not uncommon for senior management at one point.

al dente May 30th 2011 7:21 pm

Re: How much do you save?
 

Originally Posted by Millhouse (Post 9399146)
I know people saving over 150k AED / month if you include the bonuses.

There will always be people who earn more/ save more. They have better jobs!

csdf May 30th 2011 7:24 pm

Re: How much do you save?
 

Originally Posted by al dente (Post 9399157)
There will always be people who earn more/ save more. They have better jobs!

Even for a similar salary, if you're half of a working couple, it's a very different story to if you're single or if your other half is a househusband/housewife.

Blue Cat May 30th 2011 7:24 pm

Re: How much do you save?
 

Originally Posted by kittycat1 (Post 9399131)
whoever saves 40000 aed a month is taking me for dinner ! lol

I agree!! can you imagine! we don't even get that :rofl:

Blue Cat May 30th 2011 7:25 pm

Re: How much do you save?
 

Originally Posted by Millhouse (Post 9399154)
yeh, it's shocking really. These days are reducing now though but 80-120k monthly packages with 100-150% bonuses were not uncommon for senior management at one point.

the Nakeel days are over :) though there are still plenty around, good luck to them, at the end of they day money doesn't make you happy, it just helps

al dente May 30th 2011 7:26 pm

Re: How much do you save?
 
Do you think we should do a poll on what we spend a month. (Anonymous except for the lowest being Lionheart natch)

I'm horrified by our outgoings here and i still shop at M&S for undies, gym gear and the odd frock and not Harvey Nicks. (though i have a few pairs of spenny shoes).

Millhouse May 30th 2011 7:26 pm

Re: How much do you save?
 

Originally Posted by Blue Cat (Post 9399163)
I agree!! can you imagine! we don't even get that :rofl:

Ah, but you get all those benefits. Add them all up. This is exactly why the poll is an absolute amount saved rather than % (as no-one can agree on what is salary and what isn't).

kittycat1 May 30th 2011 7:26 pm

Re: How much do you save?
 
its only money right- the sad thing is of the few millionaires I have know they still want something else. After all it is just money and you cant take it with you. What makes you rich is your friends and family ( yeah right give me the cold hard cash lol)

Blue Cat May 30th 2011 7:27 pm

Re: How much do you save?
 

Originally Posted by al dente (Post 9399169)
Do you think we should do a poll on what we spend a month. (Anonymous except for the lowest being Lionheart natch)

I'm horrified by our outgoings here and i still shop at M&S for undies, gym gear and the odd frock and not Harvey Nicks. (though i have a few pairs of spenny shoes).

interestingly I did write about this today, some things are pricey but try and remember everything that is cheap, it balances itself out

Millhouse May 30th 2011 7:27 pm

Re: How much do you save?
 

Originally Posted by al dente (Post 9399169)
Do you think we should do a poll on what we spend a month. (Anonymous except for the lowest being Lionheart natch)

I'm horrified by our outgoings here and i still shop at M&S for undies, gym gear and the odd frock and not Harvey Nicks. (though i have a few pairs of spenny shoes).

Yes, that's a good one. Think through it though, as for instance, I pay for school fees, housing, dewa - others don't.

al dente May 30th 2011 7:29 pm

Re: How much do you save?
 

Originally Posted by Millhouse (Post 9399176)
Yes, that's a good one. Think through it though, as for instance, I pay for school fees, housing, dewa - others don't.

OK. Give me 5 mins.

Millhouse May 30th 2011 7:29 pm

Re: How much do you save?
 

Originally Posted by al dente (Post 9399157)
There will always be people who earn more/ save more. They have better jobs!

quite, they are also older, more experienced, willing to make other sacrifices etc. all about balance.

norsk May 30th 2011 7:35 pm

Re: How much do you save?
 
I save what I consider to be a decent amount every month, and if I compare to when we were in the UK it is like night and day.

In the UK I was lucky to have some cash left at the end of the month (which was then usually spent on holidays or what have you) whereas here I am able to comfortably save a decent amount whilst paying off all my debts back in the world. And my god there is a huge love for short term debts in the UK. Once those debts are paid off then there is more to save...:thumbsup:

Now if only my wife gets a job as well, which is the plan eventually, we would actually be quite literally minting it. I know lots of people earn serious amounts more than me (Millhouse's example is just disgusting), but if you go around dreaming about what could have been and how much your acquaintances make then life will indeed be very sad..

al dente May 30th 2011 7:41 pm

Re: How much do you save?
 

Originally Posted by Millhouse (Post 9399181)
quite, they are also older, more experienced, willing to make other sacrifices etc. all about balance.

Or had a better education, got into a high paying profession and had a few stokes ofgood luck along the way! (not me, by the way!)

Blue Cat May 30th 2011 7:42 pm

Re: How much do you save?
 

Originally Posted by Millhouse (Post 9399172)
Ah, but you get all those benefits. Add them all up. This is exactly why the poll is an absolute amount saved rather than % (as no-one can agree on what is salary and what isn't).

I have and they don't come to 100 - 120k

Millhouse May 30th 2011 7:43 pm

Re: How much do you save?
 
Anyway, I voted - and no I'm not the credit junky.

kittycat1 May 30th 2011 7:44 pm

Re: How much do you save?
 
Ok so if you had your time again would you choose a career that had big bucks in it? My earning is relatively modest here but I love what I do and can't imagine doing anything else. Now alll I need is a husband who earns big bucks lol- having said that I am still pulled towards creative men- who inevitably are not big earners :rolleyes: ah well better to live in a card board box and be happy than in a mansion and not!

Blue Cat May 30th 2011 7:46 pm

Re: How much do you save?
 

Originally Posted by Millhouse (Post 9399218)
Anyway, I voted - and no I'm not the credit junky.

and two of us are saving 30-40k a month, good on them :)

Millhouse May 30th 2011 7:51 pm

Re: How much do you save?
 

Originally Posted by Blue Cat (Post 9399217)
I have and they don't come to 100 - 120k

you were talking about 40k... keep up.

Brains1983 May 30th 2011 7:52 pm

Re: How much do you save?
 

Originally Posted by Blue Cat (Post 9399166)
they say money doesn't make you happy, it just helps

it definitely helps, I'd rather be crying in a Maserati than my Pajero.

Bahtatboy May 30th 2011 7:53 pm

Re: How much do you save?
 
.

Millhouse May 30th 2011 7:54 pm

Re: How much do you save?
 

Originally Posted by kittycat1 (Post 9399223)
Ok so if you had your time again would you choose a career that had big bucks in it? My earning is relatively modest here but I love what I do and can't imagine doing anything else. Now alll I need is a husband who earns big bucks lol- having said that I am still pulled towards creative men- who inevitably are not big earners :rolleyes: ah well better to live in a card board box and be happy than in a mansion and not!

wouldn't change a thing really. I guess the year in personal insurance was a waste of time but didn't do me any harm and set me up for the next step.

Millhouse May 30th 2011 7:54 pm

Re: How much do you save?
 

Originally Posted by Bahtatboy (Post 9399246)
Do indirect remittances to China count?

all emerging markets.

Blue Cat May 30th 2011 7:55 pm

Re: How much do you save?
 

Originally Posted by Millhouse (Post 9399240)
you were talking about 40k... keep up.

I was talking about saving 40k not earning it :)

edited to add, see where you are coming from, I mean basic is not 40k

Blue Cat May 30th 2011 7:56 pm

Re: How much do you save?
 

Originally Posted by Brains1983 (Post 9399244)
it definitely helps, I'd rather be crying in a Maserati than my Pajero.

I wouldn't, I love my Pajero :)

mummy2dolly May 30th 2011 8:10 pm

Re: How much do you save?
 
5 months in and we are just about nearly even with the move, setting up, and settling debts in the Uk costs..... For the first time this month we had a portion of the salary paid here and the rest into our Uk account, so fingers crossed we should be able to start saving soon!!!!

co durham boy May 30th 2011 10:18 pm

Re: How much do you save?
 
If i couldn't bank between 20 - 30 grand sterling per year i would be questioning why im in these God forsaken hell holes .

Roadking May 30th 2011 10:26 pm

Re: How much do you save?
 
We save nothing, invest in various things like houses, stocks, motorbike etc, but stick money in a bank; nah!

Bahtatboy May 30th 2011 10:35 pm

Re: How much do you save?
 

Originally Posted by Roadking (Post 9399501)
We save nothing, invest in various things like houses, stocks, motorbike etc, but stick money in a bank; nah!

And does Roadqueen agree that a motorbike is an "investment"?

Meow May 30th 2011 10:49 pm

Re: How much do you save?
 
Are you doing my research for me Millhouse? :lol:

norsk May 30th 2011 11:12 pm

Re: How much do you save?
 

Originally Posted by Roadking (Post 9399501)
We save nothing, invest in various things like houses, stocks, motorbike etc, but stick money in a bank; nah!

who said anything about putting money in the bank?

scrubbedexpat141 May 30th 2011 11:42 pm

Re: How much do you save?
 
My target is £12k by Xmas. Then minimum of £20k in 2012.

I'm sure many on here are on silly money still, but I like to set myself that target and hit it. Job done.

Take that money, buy a house in the UK, rent it out. Continue. Repeat.


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