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How much money do people in the U.K. save monthly?

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(@dubeji)
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Joined: 9 months ago
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Topic starter  

I’m planning to come to the UK to work in a full time job. I’m offered £40k salary. I’ll be based in London. I was wondering how much I could save per month living and working in London?


   
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 Guru
(@guru)
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Joined: 9 months ago
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Dubeji, You didn’t tell, if you are coming alone or with wife/family? I’m afraid to disappoint you that in £40k salary even living alone is not enough in London. You will struggle to save. 

You can save some money by sacrificing comfort and cutting down on various expenses. 


   
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(@dubeji)
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Joined: 9 months ago
Posts: 6
Topic starter  

Posted by: @guru

Dubeji, You didn’t tell, if you are coming alone or with wife/family? I’m afraid to disappoint you that in £40k salary even living alone is not enough in London. You will struggle to save. 

Guru ji thanks for the reply. I’ll be alone. Please suggest what to do save money as the only reason for going to the UK is to save money otherwise I’m happy here in India.


   
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 Guru
(@guru)
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Posted by: @dubeji

the only reason for going to the UK is to save money

No one saves money here. A full time job will not give you anything. People who save money in the UK are either self employed/freelancers/contractors or involved in business.

When I first came in the UK I was also living in London. Couldn’t save a penny with my full time salary. I ended up doing business eventually. 

Rent, commutation and bills will eat all your savings. You may live in flat share and cook food at home to reduce some expenses but this will be tough. Flatshare is shitty idea. Anyways it is up to you how much you can sacrifice to save.  


   
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(@dubeji)
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Topic starter  

Posted by: @guru

No one saves money here.

So why do Indians die to go to London?


   
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 Guru
(@guru)
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Posted by: @dubeji

So why do Indians die to go to London?

Because they are fucking delusional. They think roads are paved with Gold and once you land here money will rain on you.


   
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(@dubeji)
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Joined: 9 months ago
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Posted by: @guru

Because they are fucking delusional. They think roads are paved with Gold and once you land here money will rain on you.

LOL!!!


   
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(@bobby)
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Joined: 9 months ago
Posts: 4
 

I agree with @guru. With such rising inflation forget about saving, you will struggle to survive. In last 1-2 years prices have doubled for the most of the things I use on daily basis. It is crisis here in the UK.

Think again before coming here and do your homework for savings.


   
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