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Do you have a job? Kind of vague.
Depends on your income and your priorities. But once you're independent I reccommend you have at least 6 months worth of expenses (rent, bills, food etc) saved in case of loss of income or an unexpected large cost.
I don't mean specifically me, I mean people in general of that age 
Original post by jneill
Off the top of my head I'd say a monthly pension contribution of 10% income is a good idea.
But @Reue will have a better idea.
But @Reue will have a better idea.
The standard advice is to contribute half your starting age as a %. So if you start when you're 22 then contribute at least 11%. This includes employer contributions.
Original post by Reue
The standard advice is to contribute half your starting age as a %. So if you start when you're 22 then contribute at least 11%. This includes employer contributions.
Really? Wow that's quite high... but doable with employer-matched contributions I guess.
Do you have a link for that guidance?
Original post by jneill
Really? Wow that's quite high... but doable with employer-matched contributions I guess.
Do you have a link for that guidance?
Do you have a link for that guidance?
http://www.moneysavingexpert.com/savings/discount-pensions#howmuchshould
http://www.thisismoney.co.uk/money/howmoneyworks/article-3177112/How-money-need-save-pension.html
Original post by Marshmallow9999
averages and estimates?
18: £0
25: £10,000
35: £100,000
I bet 95%+ of people don't save anything like as much as that...
Also, put it in an Investment ISA or a pension?
Original post by jneill
I bet 95%+ of people don't save anything like as much as that...
Also, put it in an Investment ISA or a pension?
Also, put it in an Investment ISA or a pension?
I expect most dont.
And both.
18- won't be much maybe lower five figures if you committed but more likely to be a few grand or less
25-about £50,000 would be avarage in my field if you still have a smallish car and are planning to get on the
35- if it under a million pounds just get out
25-about £50,000 would be avarage in my field if you still have a smallish car and are planning to get on the
35- if it under a million pounds just get out
Original post by Marshmallow9999
averages and estimates?
Based on average UK salary of c.27k, would say good amounts would be:
18: 0 (not expected to have anything by then)
25: 10k
35: c.40k
Note, the average age in the UK is 40 years, and the average wealth excluding home equity is 43k
(edited 8 years ago)
Original post by jamesthehustler
18- won't be much maybe lower five figures if you committed but more likely to be a few grand or less
25-about £50,000 would be avarage in my field if you still have a smallish car and are planning to get on the
35- if it under a million pounds just get out
25-about £50,000 would be avarage in my field if you still have a smallish car and are planning to get on the
35- if it under a million pounds just get out
How can you have a million by 35?
Finish Uni at 21, then get a grad job, like 25-30k, yeah there'd be promotions but it'd be like 500k max by 35
Original post by Marshmallow9999
How can you have a million by 35?
Finish Uni at 21, then get a grad job, like 25-30k, yeah there'd be promotions but it'd be like 500k max by 35
Finish Uni at 21, then get a grad job, like 25-30k, yeah there'd be promotions but it'd be like 500k max by 35
oh you mean a job in the world of diamonds a single deal can be a new ferrari sort of figure in profit on top of the everyday £2-3000 turnover
like say the piece i am eyeing up itr a 31ct stone and is worth a quarter million bucks and is only selling for $60k
(edited 8 years ago)
how did you get 60k? 
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Original post by Reue
18: £0
25: £10,000
35: £100,000
25: £10,000
35: £100,000
do you mean like that much in the bank? or that much including what you've paid off on your mortgage and stuff?
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Original post by Marshmallow9999
do you mean like that much in the bank? or that much including what you've paid off on your mortgage and stuff?
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I'd include house equity and pension with that.
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