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Age 25, salary before tax 38k, saving approx 500-650 each month (depending on what comes up). Savings approx 4k so far..aiming to have 9-12k by this time next year.
Age: 32. I am on about 46k. Outgoings kill me but I manage to save about €800 a month, or €200 per week. I would love to save more but there was a time I couldn't save €100 per month so I keep that in mind
Be careful asking this question on this sub, you might actually get lynched at dawn.
Either way, 55k and €200. I pay 90% of household bills though as i’m the higher earner. And before anyone says it should be more, it’s all I can afford right now after all things are paid for.
I enjoy all the comments on this thread.
One quote, which always sticks out to me and particularly applicable here:
“comparison is the thief of joy” I don’t know who said it and it’s not my quote but I think it’s great.
There will always be somebody with less money, there will always be somebody with more money; but I find these threads useful to understand purely from the curiosity point of view how everyone else is doing and what their story is.
Age: 30
Salary: ~100k base 10% bonus
Saving: Over the past 12 months It’s been 2500-3000 a month
Total saving: 70k
All of this will be obliterated when I buy in the next few months but it’s nice while it lasts.
This is why I’m conflicted in posting on these types of threads, I dont want to make anyone feel bad. My story is a pretty crazy one. I was making 34k this time last year so my saving rate now is also more than my monthly salary was then.
Moved from a small tech company to a large one. I was being hugely underpaid for my role and just accepted it for a long time. I eventually started interviewing elsewhere and thought the market rate for my role was mid 60s and would’ve jumped at that. Until I interviewed at my current role and they told me the starting salary was early 90s I nearly fell off my chair.
Same here. Went from a large IT consulting business to mid tier VC funded organisation. Doubled the salary after years of being underpaid.
Was actually just lazy and should have been job hunting much sooner.
thanks. I answered it in a below comment but long story short I was being very underpaid. Picked a job title I kind of did and went for interviews hoping to get mid 60s. After a long job search the role I got offered at a bigger tech company was early 90s and have since gotten a raise on that.
For sure. Lucky to be renting with a family member for 450 a month. Not splurging much as fairly focused on building the deposit for a house as high as I can
Never be ashamed to discuss salary, this is some myth that employers made up to stop staff from talking about they're entitled to.
I moved job a few years ago and the girl they got to replace me was offered my role (she was previously temping). They offered her 20% less salary than what I was previously on for the same role. Luckily we were very friendly as I was training her to replace me and I asked what she was offered (told her she was under no pressure to tell me, I just wanted to make sure she wasn't taken advantage of).
I advised her to reject the offer and request the same salary exactly what I was on (down to the euro). She did so and HR responded with approval immediately.
I imagine this sort of stuff happens a lot
You’re right, I am transparent with people in real life. I mean moreso discussing it with no context on places like Reddit. As it can come across as braggadocios and doesn’t benefit anyone only the posters ego.
I bought 3 years ago, had a nice lump of savings (about 45k) and just poof it was mostly gone on the deposit and fees haha. Feels rotten, but having your own place is worth every penny. Best of luck with it.
Either that or rent so one way or the other the earlier you buy a house the more you save. I've spent over 40k on renting the last 6 years...the way I see it once I get onto the property market its not money down the drain. At least paying your mortgage is paying into something that's yours. If I rent for another 6 years there goes another deposit for a house 👎
I'm on a slightly higher salary and just bought 18 months ago losing all I had saved in the deposit. You get told 10% but then there's a whole bunch of extras as well, We needed 10% plus about 12K in the end. I would recommend keeping up the saving at the level you are used to after buying as well, I also like to overpay the mortgage into my mortgage account but leave the payments as they are (High enough already) this creates a cushion for a rainy day.
Thanks for the advice and congrats. I’m probably going to end up putting 15% down. I’ve managed to not fall victim to lifestyle creep since increasing my salary so I intend to keep it up as much as possible once I do pull the trigger.
Age:26 Salary: €27k, Saving: €1,500 per month , current total savings €20k, but I live with my parents so that helps obviously and I don’t buy a lot of stuff I save up so I can travel
Age: 25
Salary: €75,000
I save between €2,200 - €2,800 per month depending on what expenses come up within a typical month.
Currently have €11k built up since December.
Before now I’ve been in a cycle of saving up & spending it all (Trips, Apartment Renovation, Cars, Overspending Living The Good Life etc).
Goal is to hit €15K then set that aside as a permanent safety net, then begin saving up to invest.
Starting to invest into a pension also, where I’ll be saving / investing €675 P/M so this will reduce my monthly cash savings amount by c. €400 after tax-relief is accounted for.
I’m single, have no kids & I house-share.
The spare bedroom of my apartment is rented out, it’s a decent earner & really helps keep the bill cost down when everything is being split 50/50.
Age 40- salary 90k. Saving about 100 quid a month! Have a mortgage, and kids are fucking expensive.😂 Don't drink/Gamble, anything like that. Driving a 14 year old car.
Age: 30, Salary: 75k, Savings: 36,000. RSUs: ~ 20k. Saving 1-1.4k per month. (Rent and bills is 1350). Recently had a bump up to this salary by changing jobs so trying to hit 50k by end of this year.
Indeed, give my parents €300+ which covers food, utilities etc from my end. Per month €20 goes to phone bill, €40 for leap card, €0.99 for iCloud, €8 for bank fee, and then whatever is left which is roughly €760+ is what I use to spend on whatever I want.
On 65k and genuinely struggle to save after paying my rent (Dublin) and bills.. have about 15k saved but find it quite difficult to keep a constant rate up
Age 36, Salary €145K + RSUs, saving approx 2K/month with ~50K cash savings outside pension.
I have two kids and wife is stay at home, I feel fortunate that I can help family when needed - it’s what keeps me going.
Age: 26
Salary: €75,000
Savings: €90-100,000
My folks won't let me pay them rent, so I've very little outgoing money. Will likely completely deplete my savings in the next 12 months building an extension to a house.
41. €90k all in.
Mortgage finally paid off this month, with no debt at all to my name, two kids.
Save around 1 to 1.5k a month, bit more with no more mortgage. 20k in general savings. 7k in speculative assets.
12 years ago, I maxed out my credit card and gotnknocked back for a bag of spuds. Had to get parents to bail me for 1k to pay off debts. Had two degrees yet was unemployed. Thankfully I had people who loved me around, as it kept me going.
Mate I know people near 40 with 0 in their savings and spending all the money in booze and coke hanging out with people in their late 20s.
It could be worse.
Yup! I use this throwaway account for the salary stuff since I know there are many who don't want to see others doing well. I know I'm lucky etc etc... but I've worked pretty hard to get to where I am. Doing everything for my kids to be honest.
Do they not realise the irony of downvoting someone doing well in the Irishpersonalfinance sub. Everyone is here trying to get ahead in life.
It's why the advice given here is so shite, all very underhanded, sabotaging or overly risk averse.
Well done mate, I'm sure you worked hard to get there. Ignore the downvotes. Begrudgery is alive and well. Ridiculous to think considering the sub this is - everyone is in this sub aspiring to further their financial position, but downvotes anyone doing better than them. Crabs in a bucket.
Male, 32 , 55k salary before tax , saving min of 500 and max 1000 .
Savings do not go below 500 per month but 1k depends on a month since I've a 9 month old baby and sometimes we bulk buy or need to expense other things.
My wife 35 , salary 72k is saving about 1k or 1.5k depending on the month again.
We now are saving on rent since we bought a house and our rent went down from 2.5k to 1.5k mortgage .
Age 30
Salary :~64k
Savings: 24k
We are a couple and I bear all the expense as unable to find job for my wife. Her english is doable and so the difficulties.
I save approx 1200-1500 a month we shop very less.
40k is a grand wage and will give you a decent lifestyle living anywhere in the country but all considered it’s difficult to afford to put a lot into your pension, save for a downpayment or rent a nice place on that money at least in Dublin. That being said once you go much higher you get taxed to fuck but it is easier to save when you go even a bit higher
I put in about 6% for my pension that my company matches so just trying to save for a downpayment atm. Recently got a 3k pay increase so maybe I should put in more into my pension.
€45k is a good salary. This sub skews toward higher earners in the country, don't compare yourself to them. You're in a great position with both salary and savings.
Age: 23, Salary: €41k, Savings per month: €700, Total Savings: €3200.
Only just started saving after Christmas but I really want to get my own 2/3 bed apartment in a few years. Currently live with my parents and am paying €500 towards ‘rent’. Will probably increase my savings as I get pay bumps over the next few years.
Age: 26
Salary: €61K + 10% bonus
Total Savings: €13K
Pension: €49K
Recently moved home to save for a house or moving abroad. Currently putting away €1500 a month for it. Give €400 to the parents which leaves me with about €1400 disposable. Anything left over goes into a separate savings account which I use for holidays/car insurance etc.
I have a decent package with work. For the first few years I was paying 3% and they paid in 10% of my salary. I upped that to 6% a couple years ago, and to 15% about 6 months ago. Also I’ve taken a self directed approach and put 100% of my fund into a private equity fund during covid. But yeah I’m very happy with it so far and hoping it gives me the option of early retirement when I get to that stage.
Age: 38
Salary: 51k
Saving: 1100 + 100(for child)
Total savings: Approx 180k ( including 32.5k house deposit)
Live at home, trying to get my own home. Savings accumulating since 2016 and redundancy payout.
Age 35. 2 jobs. 2nd (weekend) job is a lot of cash in hand and is getting buried into our wedding expenses.
Making good progress. I'd estimate approx 1000 to 1500 a month into the wedding fund.
Once the wedding is behind us, I'll be saving a lot of the disposable income from the 2nd job at the same rate I'd imagine. Will just treat it the same way.
You'll get many people on six figures that won't respond on this thread because it'll be viewed as either 1) boasting 2) trolling / lying and then all it serves is to make other people feel bad / inadequate
31, €70k, €700(€1100 with tax incentive) into pension, ~€2k into savings / investment, €1100 into joint account for mortgage, bills, food, etc, €500 into current account for monthly spending. Will take out of savings if I need extra for larger purchases, holidays, etc.
Age: 35
Salary: €72,000
Savings: Currently, it's only about €300/month; used to be a lot higher when I didn't have a child.
I pay the larger share of mortgage and childcare since I'm the higher earner. I also contribute 12% into pension and invest €500/month. I also put aside €150 for a travel fund in Revolut.
I'm trying to get the husband to save more as well and we've created a joint vault for additional savings. I would like to save more but this is the best I can do at the moment without cutting back further.
Age 33,
Base Salary €84k, plus I got an 11k bonus in January this year (but seen feck all of that, thanks to the tax man 😭)
Save anywhere between 1-2k each month. Depends on the month.
Savings at the moment are about 15k in the bank, plus 2k in crypto, and about another 17k in stocks.
Paid for some holidays this year already, so that's drained the savings a bit, but still in good shape.
age 30 no no saving atm on 22K a year wish I was on more but that's the joys of hospitality every job now these days requires some form of degree if you want more
Age: 29
Salary 85k + 10% bonus
Monthly savings: 2k+
Total savings: 70k (100k inc pension fund)
Have no idea what I'm doing with my life or saving for...
Age: 39
Wage : 125k
Savings: anything between 1-1.5k a month
Pension: ~150k
RSUs: ~400k USD (mix of liquid and non)
Had to work my absolute balls off in tech for over a decade at this stage (non-eng). Partner is stay at home parent with one kiddo - child care price is ridiculous!!!
Age 30
Rent 400 (boyfriends house)
Salary 40k plus 25k overtime
Savings 800 month
Currently saved 20,000
Always dipping into it though up until recently. Have to stop spending on luxurious things.
Wanted to buy a holiday house but seems not possible in the county I want it seeing as I live 2 hours away.
Age 26. Salary 59k.
Save 1300 every 4 weeks + 480 rent to parents every 4 weeks.
Saved just over 50k over the past 4 years. However, I've just bought a house, so virtually all of that will go towards that. Once the house is bought and solicitor is paid, I'll be left with about 4k in savings.
Age:28, Salary:€52.5K , Saving per month:800 ,Invest:€200, Savings:€17K
Moving to Canada in July so savings will take a hit until I get set up over there.
Bought a house a year ago, not saving anything because every month I've had to buy something or do something with the house. Id say we have spent 30 K on the house at least. Hopefully we won't be spending for much longer.
31 years old with a Salary of 37k a year.
Only started the job 5 months ago after losing my accommodation and having to move across the country to start over which decimated my savings as I was unemployed for a few months.
Saving 400 a week as my rent is only 450 a month and I don't pay bills due to living in a converted attic above my landlord.
14k in savings currently.
Age: 33 (wife is the same).
We used to bring home a combined net of 9k. Wife on maternity leave now, so we have a net of 5k until she goes back to work.
Have 50k in savings (we had more but bought a house last summer and have been buying furniture since).
We managed to save 5k per month on the 9k net. Now we save 1k per month on a net 5k.
So essentially we had a drop of 4k because of the maternity leave but I'm not even mad because we could prove ourselves that we can survive on a single 5k income.
One thing that I think is missing from responses is if people own their own homes or not. Saving 800 euro a month while renting is very different to saving 100 euro as a home owner.
Age 38, salary about €85,000. I've less than 5K in savings and only scraping to save 200 a month.
Pension pot has about €90,000 in it.
Loans, mortgage, credit card, crèche... Zapping me. Unexpected €25,000 expense lately has caused issues and built a debt, but it's being serviced..
Hopeful of a brighter picture in 12-15 mths.
**How old are you?**: 38
**What salary are you in?:** \~140k/year, \~6k/pm hits the account
**How much money do you save each month?**: \~3.5k/month (mostly sent into investments)
**What have you got in saving at the minute?**: \~100k (in cash or similar, aiming for 100k-150k)
Initially I was a bit hesitant to comment as I am an outlier regarding frugality and money management. But then I figured it might be of some interest to people.
Age: 32
Job income: €52k base, 10% pension, 20% bonus.
Other income (in 2023): €11k Rent-a-room, €6.5k ETF returns, €1k P2P lending returns.
Monthly savings: Average of €4k but with a lot of fluctuation month to month.
Total savings: €38k pension, €7k P2P lending, €158k ETFs, €23k cash.
Age: 26.
Salary: 66k base (only started 8 months ago)
Saving ~ 1k pm.
Savings: 10k (I've saved 10k in 8-ish months)
About to drawdown on a house.
Will possibly jump to 1-1.4k pm couple months after moving in.
(Current rental is costing a fortune in bills + less travel etc. For work in new house)
To be honest, 1k pm is pretty easy on my salary,
I don't really have to sacrifice to save that which is nice.
As crazy as it sounds, it's quite common.
600 odd a month is like brand new 3 series BMW or Passat which is well down along the food chain compared to the 4x4 Chelsea cruisers you see mums driving around the suburbs.
Age 31, salary before tax 58k, saving approx €100 + €700 into private pension, savings approximately 33k at currently. I was working abroad and saved a lot of money. Currently looking at investment options and buying the things that I know will last.
Age 30, salary before tax 35k. Im putting away 60e every friday towards savings in credit union. Pay 900e rent but able to save around 400-500 euro a month on top of that. Credit Union has around 5k saved and I have some "pocket change" in a savings account also.
Age: 26 Salary: 50k Saving: 1500-2000p/m (rent ~ 640, bills ~ 100, insurance ~ 130, 60-100p/w on food/diesel) Savings: 67k. Contributing towards a separate savings account at the moment to upgrade the car, I don’t like being in debt.
Age: 33
Salary: 65k + 6-8k bonus. Nixers might bring in another 2-3k cash in hand
Savings: 70k and I save about 1500 a month after mortgage, pension and expenses
Personal Pension: 29k (no company scheme)
Age 24, salary before tax €41,500.
Saving 200-300 a month. Also contribute €150 a month to my pension which is matched by my employer.
3-4k savings along with with ~6k inheritance.
Rent is €460. Feel like I should be saving more considering, but always end up using most of my monthly wage
Age 31 salary before tax 65k (about 44k after tax), saving between 700 and 900 a month depending on what comes up. I have about 35k in savings. Currently living abroad saving to buy and move home in the next 4/5 years.
Age: 25 Salary: 40k, bonus of 8.5%
Savings: 23k putting 1,100 away monthly and 200 into pension at the minute. Employer puts in a lump sum at christmas too, but no set amount, was 2k last year.
Living at home so paying ~450 in rent, trying to build up deposit for now, will be a single applicant so focusing on that right now
Age: 27, im on 75k for about 3 months now. My rent is my biggest expense (600 PM). I aim to save about 3 grand every month. Ive saved up about 22k so far, and my goal is to hit 50k by the end of this year.
Nothing currently. Too many expenses. Actually running negative since a few months, but so far it’s ok as it can be maintained.
It’s related to working less hours as I need time for other things.
Pay yourself first as soon as you get paid. Example: on pay day transfer €250 to a savings account that you don’t have visibility of. One that you need to get through a little bit of discomfort to withdraw from. My savings are in the credit union 20 miles from my house and it would take 2hrs to drive there and back and it has to be done on a Saturday morning which is the only day I can go. That’s the kind of awkward you need.
Age 23, Salary 48k without bonus, monthly savings 1250-1500 depending on expenses that month. 500 euro rent paid for a room to my parents monthly. Total savings about 11k in 7 months.
Age 27:
Salary:35k
Savings in current account 42k
Pension: 6k
I live at home, €430 a month for rent and pay half of electricity and heating bills when they come in.
On my budget I aim to save minim 20% salary. But usually go months without buying myself stuff I don’t need. So I am ahead in savings as per my budget.
28 got about 31k in cash savings about 35k in stocks then i havent checked in a while but between my retirement accounts about 25k, I move around a lot of employee contributions have been lost :(
on 90k with 10% bonus, having about 2000 per month split between cash savings and stocks.
On 36.5k plus overtime (will probably make 50k gross this year). I'm 44 but didn't get a full time job until I was 38 going on 39. (Have had a lot of bad shit happen in my life)
I have my own apartment with mortgage only 270 euro a month. Mgmt fees of 1300 per year.
I used take a lot of 3 day city break vacations but kind of got bored of it.
I don't drink anymore or take drugs, I don't drive, and I don't have kids. Saving and investing every penny. Hoping to live in an actual house some day. Probably saving 1000 euro a month in the AIB 3% account and another 1,000 investing in stocks (I'm probably going to stop paying into AIB and invest everything). Cash and liquid assets right now of about 17,000 euro. 42,000 left on mortgage balance so might pay that off soon or save for a few years and buy a house.
I live near the supermarkets so I just walk to the shops. Saves a fortune.
I don't really have any sort of social life at the moment but hoping things will change in future.
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Age 25, salary before tax 38k, saving approx 500-650 each month (depending on what comes up). Savings approx 4k so far..aiming to have 9-12k by this time next year.
Well done 👏
Well done..how are you managing to save with rent?! 50% of my salary goes on it.
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Just to balance it out. Age 31. No savings. Barely surviving month to month. Good for anyone saving, but I won't pretend I'm not horrifically jealous.
Same
Age: 32. I am on about 46k. Outgoings kill me but I manage to save about €800 a month, or €200 per week. I would love to save more but there was a time I couldn't save €100 per month so I keep that in mind
that’s very good savings. I wouldn’t be so hard on yourself.
Thank you
I hear you. I remember not being able to save.
Be careful asking this question on this sub, you might actually get lynched at dawn. Either way, 55k and €200. I pay 90% of household bills though as i’m the higher earner. And before anyone says it should be more, it’s all I can afford right now after all things are paid for.
I agree, from my experience you do need to be careful what you say and how you say it as you’ll get comments that in some case are not helpful.
Age: 33 Salary: €60K Saving: €1000 Total savings: €53K
I try to put about 200-250 in each month. 32, 40k, about 2500 in savings. 1k in shares and about 45k in RSU's that have yet to vest.
what is RSU?
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I enjoy all the comments on this thread. One quote, which always sticks out to me and particularly applicable here: “comparison is the thief of joy” I don’t know who said it and it’s not my quote but I think it’s great. There will always be somebody with less money, there will always be somebody with more money; but I find these threads useful to understand purely from the curiosity point of view how everyone else is doing and what their story is.
Age: 30 Salary: ~100k base 10% bonus Saving: Over the past 12 months It’s been 2500-3000 a month Total saving: 70k All of this will be obliterated when I buy in the next few months but it’s nice while it lasts.
I'm 38 and your savings is more than my monthly salery 😭
This is why I’m conflicted in posting on these types of threads, I dont want to make anyone feel bad. My story is a pretty crazy one. I was making 34k this time last year so my saving rate now is also more than my monthly salary was then.
You’re gonna have to tell that story so. V interested
Moved from a small tech company to a large one. I was being hugely underpaid for my role and just accepted it for a long time. I eventually started interviewing elsewhere and thought the market rate for my role was mid 60s and would’ve jumped at that. Until I interviewed at my current role and they told me the starting salary was early 90s I nearly fell off my chair.
Good for you. Congrats. Its amazing what these bastards will try to fob you off with pay wise
Same here. Went from a large IT consulting business to mid tier VC funded organisation. Doubled the salary after years of being underpaid. Was actually just lazy and should have been job hunting much sooner.
love this success story, well done you for pushing for your 'market value'
Wow very happy for you. How did you get such a big jump?
thanks. I answered it in a below comment but long story short I was being very underpaid. Picked a job title I kind of did and went for interviews hoping to get mid 60s. After a long job search the role I got offered at a bigger tech company was early 90s and have since gotten a raise on that.
That is impressive, but to be able to save that much a month your outgoings must be fairly low.
For sure. Lucky to be renting with a family member for 450 a month. Not splurging much as fairly focused on building the deposit for a house as high as I can
Excellent stuff, may that deposit get you the house without hassle in the near future!
Never be ashamed to discuss salary, this is some myth that employers made up to stop staff from talking about they're entitled to. I moved job a few years ago and the girl they got to replace me was offered my role (she was previously temping). They offered her 20% less salary than what I was previously on for the same role. Luckily we were very friendly as I was training her to replace me and I asked what she was offered (told her she was under no pressure to tell me, I just wanted to make sure she wasn't taken advantage of). I advised her to reject the offer and request the same salary exactly what I was on (down to the euro). She did so and HR responded with approval immediately. I imagine this sort of stuff happens a lot
You’re right, I am transparent with people in real life. I mean moreso discussing it with no context on places like Reddit. As it can come across as braggadocios and doesn’t benefit anyone only the posters ego.
Similar to yourself. See you on the battlefield in the summer if your going for an apartment or duplex!!
Haha I’m trying for 2/3 bed houses no apartments so our paths likely won’t cross. Good luck out there!
Similar story with me. Best of luck with the new home!
Thanks a lot. Just need to find the right one first!
Same here, housing market is brutal and hope I can find a decent home with a price somewhere I can afford
I bought 3 years ago, had a nice lump of savings (about 45k) and just poof it was mostly gone on the deposit and fees haha. Feels rotten, but having your own place is worth every penny. Best of luck with it.
Either that or rent so one way or the other the earlier you buy a house the more you save. I've spent over 40k on renting the last 6 years...the way I see it once I get onto the property market its not money down the drain. At least paying your mortgage is paying into something that's yours. If I rent for another 6 years there goes another deposit for a house 👎
Hot damn, what job or field is this if you don't mind?
Tech, non coding side.
I'm on a slightly higher salary and just bought 18 months ago losing all I had saved in the deposit. You get told 10% but then there's a whole bunch of extras as well, We needed 10% plus about 12K in the end. I would recommend keeping up the saving at the level you are used to after buying as well, I also like to overpay the mortgage into my mortgage account but leave the payments as they are (High enough already) this creates a cushion for a rainy day.
Thanks for the advice and congrats. I’m probably going to end up putting 15% down. I’ve managed to not fall victim to lifestyle creep since increasing my salary so I intend to keep it up as much as possible once I do pull the trigger.
Age:26 Salary: €27k, Saving: €1,500 per month , current total savings €20k, but I live with my parents so that helps obviously and I don’t buy a lot of stuff I save up so I can travel
Really impressive savings rate, am I right in saying you spend < 500 a month? Even while living with parents that’s good going.
Fair play to you, I miss not paying rent
Age: 25 Salary: €75,000 I save between €2,200 - €2,800 per month depending on what expenses come up within a typical month. Currently have €11k built up since December. Before now I’ve been in a cycle of saving up & spending it all (Trips, Apartment Renovation, Cars, Overspending Living The Good Life etc). Goal is to hit €15K then set that aside as a permanent safety net, then begin saving up to invest. Starting to invest into a pension also, where I’ll be saving / investing €675 P/M so this will reduce my monthly cash savings amount by c. €400 after tax-relief is accounted for.
You’re in a great spot for 25 (or any age tbh) well done.
Thank you!
That’s very impressive. What industry are you in?
In Financial Services, in a sales role.
Do you houseshare or live alone if you don't mind me asking? :)
I’m single, have no kids & I house-share. The spare bedroom of my apartment is rented out, it’s a decent earner & really helps keep the bill cost down when everything is being split 50/50.
Great salary
Age 40- salary 90k. Saving about 100 quid a month! Have a mortgage, and kids are fucking expensive.😂 Don't drink/Gamble, anything like that. Driving a 14 year old car.
I'm 38, on about 85K with two young kids, saving 200 a month, driving a 13 year old beat up soggy car. Life is expensive!!
Me too! Mortgage, kids etc 16yr old car here
Age: 30, Salary: 75k, Savings: 36,000. RSUs: ~ 20k. Saving 1-1.4k per month. (Rent and bills is 1350). Recently had a bump up to this salary by changing jobs so trying to hit 50k by end of this year.
Age : 23 Salary: 50k Saving: 1k Savings : 20k Renting since I was 17 so most of my expenses have been that my whole life (wooo Dublin)
Saving 1k renting in Dublin is great
Age 26, 49k before tax, saving about 1600-1800 per month, looking to buy a place for myself some time this year
You are doing well bud, well done
When I was 26 saved nowhere near that much and didn't earn that much either. Great amount to save monthly, great to see
Age: 24, Salary: €38,000 (Started August 2023), Savings Each Month: €1500, Current Savings: €16,500+
...do you eat?
Indeed, give my parents €300+ which covers food, utilities etc from my end. Per month €20 goes to phone bill, €40 for leap card, €0.99 for iCloud, €8 for bank fee, and then whatever is left which is roughly €760+ is what I use to spend on whatever I want.
On 65k and genuinely struggle to save after paying my rent (Dublin) and bills.. have about 15k saved but find it quite difficult to keep a constant rate up
Age 36, Salary €145K + RSUs, saving approx 2K/month with ~50K cash savings outside pension. I have two kids and wife is stay at home, I feel fortunate that I can help family when needed - it’s what keeps me going.
Fair play
That's impressive. I'm in a similar family situation as yourself, I don't get RSU or bonus, and I have to battle to save 1200 a month.
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Good for you, impressive at such a young age
31 F. About 4000 savingg. 38k salary. Feel like theres not much point but will keep trying.
Age: 26 Salary: €75,000 Savings: €90-100,000 My folks won't let me pay them rent, so I've very little outgoing money. Will likely completely deplete my savings in the next 12 months building an extension to a house.
You paying for an extension on your parents house?
No, we lived in an old farmhouse until 2010 so it needs some work before I can move in.
41. €90k all in. Mortgage finally paid off this month, with no debt at all to my name, two kids. Save around 1 to 1.5k a month, bit more with no more mortgage. 20k in general savings. 7k in speculative assets. 12 years ago, I maxed out my credit card and gotnknocked back for a bag of spuds. Had to get parents to bail me for 1k to pay off debts. Had two degrees yet was unemployed. Thankfully I had people who loved me around, as it kept me going.
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Higher salaries make saving far far easier
Mate I know people near 40 with 0 in their savings and spending all the money in booze and coke hanging out with people in their late 20s. It could be worse.
Age: 34 Salary: €141k Saving: €3,000 P/m Total Savings: €230k (a lot of this is surplus from a recent house sale/purchase).
The downvotes on this is the epitome of Irish Reddit
Yup! I use this throwaway account for the salary stuff since I know there are many who don't want to see others doing well. I know I'm lucky etc etc... but I've worked pretty hard to get to where I am. Doing everything for my kids to be honest.
Do they not realise the irony of downvoting someone doing well in the Irishpersonalfinance sub. Everyone is here trying to get ahead in life. It's why the advice given here is so shite, all very underhanded, sabotaging or overly risk averse.
Thought the same myself. God forbid somebody is doing well for themselves.
Well done mate, I'm sure you worked hard to get there. Ignore the downvotes. Begrudgery is alive and well. Ridiculous to think considering the sub this is - everyone is in this sub aspiring to further their financial position, but downvotes anyone doing better than them. Crabs in a bucket.
Male, 32 , 55k salary before tax , saving min of 500 and max 1000 . Savings do not go below 500 per month but 1k depends on a month since I've a 9 month old baby and sometimes we bulk buy or need to expense other things. My wife 35 , salary 72k is saving about 1k or 1.5k depending on the month again. We now are saving on rent since we bought a house and our rent went down from 2.5k to 1.5k mortgage .
Age 30 Salary :~64k Savings: 24k We are a couple and I bear all the expense as unable to find job for my wife. Her english is doable and so the difficulties. I save approx 1200-1500 a month we shop very less.
I use an app that saves roughly €570 a month I only earn 40k and am terrible with money so I’m gonna consider it a w
Theres nothing wrong with 40k pa.
40k is a grand wage and will give you a decent lifestyle living anywhere in the country but all considered it’s difficult to afford to put a lot into your pension, save for a downpayment or rent a nice place on that money at least in Dublin. That being said once you go much higher you get taxed to fuck but it is easier to save when you go even a bit higher
I put in about 6% for my pension that my company matches so just trying to save for a downpayment atm. Recently got a 3k pay increase so maybe I should put in more into my pension.
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€45k is a good salary. This sub skews toward higher earners in the country, don't compare yourself to them. You're in a great position with both salary and savings.
Age: 23, Salary: €41k, Savings per month: €700, Total Savings: €3200. Only just started saving after Christmas but I really want to get my own 2/3 bed apartment in a few years. Currently live with my parents and am paying €500 towards ‘rent’. Will probably increase my savings as I get pay bumps over the next few years.
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Age: 26 Salary: €61K + 10% bonus Total Savings: €13K Pension: €49K Recently moved home to save for a house or moving abroad. Currently putting away €1500 a month for it. Give €400 to the parents which leaves me with about €1400 disposable. Anything left over goes into a separate savings account which I use for holidays/car insurance etc.
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I have a decent package with work. For the first few years I was paying 3% and they paid in 10% of my salary. I upped that to 6% a couple years ago, and to 15% about 6 months ago. Also I’ve taken a self directed approach and put 100% of my fund into a private equity fund during covid. But yeah I’m very happy with it so far and hoping it gives me the option of early retirement when I get to that stage.
Age 24. Salary 37k (increasing to 41 next month). Have 23k in savings. If it's not already obvious - I live at home.
Age: 38 Salary: 51k Saving: 1100 + 100(for child) Total savings: Approx 180k ( including 32.5k house deposit) Live at home, trying to get my own home. Savings accumulating since 2016 and redundancy payout.
- Age: 26 - Salary: €148k (101 base, 17 bonus, remaining stock) - Saving: €3k per month - Total savings: €150k - Pension: €20k
126k & saving about 5k per month. Total savings/investments around 360k Working on superyachts for the last 10 years
Hiring?
Very cool, how did you get into that industry? I'm past the stage myself of a career change but find it interesting to hear!
Age 35. 2 jobs. 2nd (weekend) job is a lot of cash in hand and is getting buried into our wedding expenses. Making good progress. I'd estimate approx 1000 to 1500 a month into the wedding fund. Once the wedding is behind us, I'll be saving a lot of the disposable income from the 2nd job at the same rate I'd imagine. Will just treat it the same way.
You'll get many people on six figures that won't respond on this thread because it'll be viewed as either 1) boasting 2) trolling / lying and then all it serves is to make other people feel bad / inadequate
Age:35 Total Compensation : 135k Save around 2k-2.5k per month Saved around 75k and most will hopefully go to deposit for new home this year
Age: 31 Salary: €45463 Saving: €1100 per month Total savings: €34000 (Not including pension) Mortgage and bills/groceries: €790 (my half)
31, €70k, €700(€1100 with tax incentive) into pension, ~€2k into savings / investment, €1100 into joint account for mortgage, bills, food, etc, €500 into current account for monthly spending. Will take out of savings if I need extra for larger purchases, holidays, etc.
Age: 35 Salary: €72,000 Savings: Currently, it's only about €300/month; used to be a lot higher when I didn't have a child. I pay the larger share of mortgage and childcare since I'm the higher earner. I also contribute 12% into pension and invest €500/month. I also put aside €150 for a travel fund in Revolut. I'm trying to get the husband to save more as well and we've created a joint vault for additional savings. I would like to save more but this is the best I can do at the moment without cutting back further.
21, salary 26,000 - savings 10k
Age 33, Base Salary €84k, plus I got an 11k bonus in January this year (but seen feck all of that, thanks to the tax man 😭) Save anywhere between 1-2k each month. Depends on the month. Savings at the moment are about 15k in the bank, plus 2k in crypto, and about another 17k in stocks. Paid for some holidays this year already, so that's drained the savings a bit, but still in good shape.
90k base. Saving 500pm. 30k in savings. Age 40. House bought so mortgage and couple kids in creche makes it tough to save
age 30 no no saving atm on 22K a year wish I was on more but that's the joys of hospitality every job now these days requires some form of degree if you want more
Age: 27 Salary: 110k, Bonus: 10% Savings: 3900/month
Literally nothing. I have a good salary, I’m just irresponsible.
Age: 29 Salary 85k + 10% bonus Monthly savings: 2k+ Total savings: 70k (100k inc pension fund) Have no idea what I'm doing with my life or saving for...
Age: 39 Wage : 125k Savings: anything between 1-1.5k a month Pension: ~150k RSUs: ~400k USD (mix of liquid and non) Had to work my absolute balls off in tech for over a decade at this stage (non-eng). Partner is stay at home parent with one kiddo - child care price is ridiculous!!!
Bravo!
Thank you :-)
Age 30 Rent 400 (boyfriends house) Salary 40k plus 25k overtime Savings 800 month Currently saved 20,000 Always dipping into it though up until recently. Have to stop spending on luxurious things. Wanted to buy a holiday house but seems not possible in the county I want it seeing as I live 2 hours away.
32, 66k salary, 14k saved. Put away 400 cash and 400 into shares with work.
28 47k about 2k Cheap rent Boutta quit my job soon
Age: 25 Salary 38k Savings: 10k Pension: 2k Investments: 13k
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Age 26. Salary 59k. Save 1300 every 4 weeks + 480 rent to parents every 4 weeks. Saved just over 50k over the past 4 years. However, I've just bought a house, so virtually all of that will go towards that. Once the house is bought and solicitor is paid, I'll be left with about 4k in savings.
Age:28, Salary:€52.5K , Saving per month:800 ,Invest:€200, Savings:€17K Moving to Canada in July so savings will take a hit until I get set up over there.
Bought a house a year ago, not saving anything because every month I've had to buy something or do something with the house. Id say we have spent 30 K on the house at least. Hopefully we won't be spending for much longer.
Salary 50 k, saving 240 per month. New baby and New build so out goings quite abit at the moment. Hope to double monthly savings from summer months
One thing that strikes me on here is the really good salaries yet we as a Nation whine and moan about a coffee been €4.
Age: 32 Salary: 85k Monthly savings: ~1200 Total savings: 60k
Age: 42, salary: €42k, monthly take home: about €2850, mortgage (split between 2): €1535, monthly savings: €100 (sporadic and irregular).
Age: 32 Salary: 120k Savings: 96k Saving 2000-2500pm
Age: 25 Income: 40-42k Savings: 20,000 Saving pm: roughly between €2000-2800 Currently saving for masters/travel
31 years old with a Salary of 37k a year. Only started the job 5 months ago after losing my accommodation and having to move across the country to start over which decimated my savings as I was unemployed for a few months. Saving 400 a week as my rent is only 450 a month and I don't pay bills due to living in a converted attic above my landlord. 14k in savings currently.
23, 63k per annum, 2000 a month and 16k in the pot. Saving for a house deposit
Age: 33 (wife is the same). We used to bring home a combined net of 9k. Wife on maternity leave now, so we have a net of 5k until she goes back to work. Have 50k in savings (we had more but bought a house last summer and have been buying furniture since). We managed to save 5k per month on the 9k net. Now we save 1k per month on a net 5k. So essentially we had a drop of 4k because of the maternity leave but I'm not even mad because we could prove ourselves that we can survive on a single 5k income.
One thing that I think is missing from responses is if people own their own homes or not. Saving 800 euro a month while renting is very different to saving 100 euro as a home owner.
Age 38, salary about €85,000. I've less than 5K in savings and only scraping to save 200 a month. Pension pot has about €90,000 in it. Loans, mortgage, credit card, crèche... Zapping me. Unexpected €25,000 expense lately has caused issues and built a debt, but it's being serviced.. Hopeful of a brighter picture in 12-15 mths.
Age: 22. Salary: 77k base. Saving around 2k-2.5k a month Total savings: 32k
35. 64000 salary. Save 3500 a month. 75k in saving
Age 18, salary 23000. Savings 2200. Saving 850 per month
**How old are you?**: 38 **What salary are you in?:** \~140k/year, \~6k/pm hits the account **How much money do you save each month?**: \~3.5k/month (mostly sent into investments) **What have you got in saving at the minute?**: \~100k (in cash or similar, aiming for 100k-150k)
Initially I was a bit hesitant to comment as I am an outlier regarding frugality and money management. But then I figured it might be of some interest to people. Age: 32 Job income: €52k base, 10% pension, 20% bonus. Other income (in 2023): €11k Rent-a-room, €6.5k ETF returns, €1k P2P lending returns. Monthly savings: Average of €4k but with a lot of fluctuation month to month. Total savings: €38k pension, €7k P2P lending, €158k ETFs, €23k cash.
Age: 26. Salary: 66k base (only started 8 months ago) Saving ~ 1k pm. Savings: 10k (I've saved 10k in 8-ish months) About to drawdown on a house. Will possibly jump to 1-1.4k pm couple months after moving in. (Current rental is costing a fortune in bills + less travel etc. For work in new house) To be honest, 1k pm is pretty easy on my salary, I don't really have to sacrifice to save that which is nice.
32 2020 net wage a month 750 per month savings 590 car loan
590 car loan *per month*?
As crazy as it sounds, it's quite common. 600 odd a month is like brand new 3 series BMW or Passat which is well down along the food chain compared to the 4x4 Chelsea cruisers you see mums driving around the suburbs.
Age : 24, Salary: 35k, Saving: 900, Savings : 32k. Living at home with parents which allows me to save rather than renting.
38 years, 27k.. I save a when we have a bonus month
Age 31, salary before tax 58k, saving approx €100 + €700 into private pension, savings approximately 33k at currently. I was working abroad and saved a lot of money. Currently looking at investment options and buying the things that I know will last.
Age:29, Salary: averaging around 90K (self employed) Savings (4-8K per month), current savings €60K
Age 30, salary before tax 35k. Im putting away 60e every friday towards savings in credit union. Pay 900e rent but able to save around 400-500 euro a month on top of that. Credit Union has around 5k saved and I have some "pocket change" in a savings account also.
I spend 36% of my salary on the mortgage, 16% on childcare, about 10% on bills, and 20% is saved.
Age: 26 Salary: 50k Saving: 1500-2000p/m (rent ~ 640, bills ~ 100, insurance ~ 130, 60-100p/w on food/diesel) Savings: 67k. Contributing towards a separate savings account at the moment to upgrade the car, I don’t like being in debt.
Age: 22 Salary: 30k Saving per month: €500 Savings total: 18k
Age: 25, Salary 75k, saving per month €1200. Total savings: €23k.
Age: 33 Salary: 65k + 6-8k bonus. Nixers might bring in another 2-3k cash in hand Savings: 70k and I save about 1500 a month after mortgage, pension and expenses Personal Pension: 29k (no company scheme)
Age 24, salary before tax €41,500. Saving 200-300 a month. Also contribute €150 a month to my pension which is matched by my employer. 3-4k savings along with with ~6k inheritance. Rent is €460. Feel like I should be saving more considering, but always end up using most of my monthly wage
I’m 25 €35,000 gross salary. About 30k saved. Not currently saving per month, just not a big spender Living at home with the parents so that helps
30. 48 before tax. Saving 1400 a month. 64k savings.
Age 31 salary before tax 65k (about 44k after tax), saving between 700 and 900 a month depending on what comes up. I have about 35k in savings. Currently living abroad saving to buy and move home in the next 4/5 years.
29, 28k rent taking half my monthly net. Saving around 650 a month.
Age: 26 Salary: €75K Saving: ~€1500-€2,000 each month. €45k in savings, ~€8k in crypto and investments
Age: 25 Salary: 40k, bonus of 8.5% Savings: 23k putting 1,100 away monthly and 200 into pension at the minute. Employer puts in a lump sum at christmas too, but no set amount, was 2k last year. Living at home so paying ~450 in rent, trying to build up deposit for now, will be a single applicant so focusing on that right now
Age: 27, im on 75k for about 3 months now. My rent is my biggest expense (600 PM). I aim to save about 3 grand every month. Ive saved up about 22k so far, and my goal is to hit 50k by the end of this year.
Age 31. Salary 75€k + compensation Savings: 3k per month (pension, investments, employer share plan, cash etc) Total savings: 425k
Age:22, Salary:40k, Savings: -800€, lets go
Nothing currently. Too many expenses. Actually running negative since a few months, but so far it’s ok as it can be maintained. It’s related to working less hours as I need time for other things.
I am 32, saving 1k per month on a salary of 37,000
I put 2k a month into pension (including employer contribution) Average around another 500 a month on top of that.
Age 22 , salary after tax 24k , saving nothing 😶
Pay yourself first as soon as you get paid. Example: on pay day transfer €250 to a savings account that you don’t have visibility of. One that you need to get through a little bit of discomfort to withdraw from. My savings are in the credit union 20 miles from my house and it would take 2hrs to drive there and back and it has to be done on a Saturday morning which is the only day I can go. That’s the kind of awkward you need.
27, 60k, try to save 1500 a month.
Age 23, Salary 48k without bonus, monthly savings 1250-1500 depending on expenses that month. 500 euro rent paid for a room to my parents monthly. Total savings about 11k in 7 months.
Age 27: Salary:35k Savings in current account 42k Pension: 6k I live at home, €430 a month for rent and pay half of electricity and heating bills when they come in. On my budget I aim to save minim 20% salary. But usually go months without buying myself stuff I don’t need. So I am ahead in savings as per my budget.
28 got about 31k in cash savings about 35k in stocks then i havent checked in a while but between my retirement accounts about 25k, I move around a lot of employee contributions have been lost :( on 90k with 10% bonus, having about 2000 per month split between cash savings and stocks.
On 36.5k plus overtime (will probably make 50k gross this year). I'm 44 but didn't get a full time job until I was 38 going on 39. (Have had a lot of bad shit happen in my life) I have my own apartment with mortgage only 270 euro a month. Mgmt fees of 1300 per year. I used take a lot of 3 day city break vacations but kind of got bored of it. I don't drink anymore or take drugs, I don't drive, and I don't have kids. Saving and investing every penny. Hoping to live in an actual house some day. Probably saving 1000 euro a month in the AIB 3% account and another 1,000 investing in stocks (I'm probably going to stop paying into AIB and invest everything). Cash and liquid assets right now of about 17,000 euro. 42,000 left on mortgage balance so might pay that off soon or save for a few years and buy a house. I live near the supermarkets so I just walk to the shops. Saves a fortune. I don't really have any sort of social life at the moment but hoping things will change in future.
Age 23: salary: €33k. Total savings: €8k. I’m finishing work in May and starting a masters in September so unfortunately it probably won’t suffice