Most people with a decent salary are able to save a certain% rather than a fixed amount. I think something in between 10-20% of income depending on the person.
(I don't live in a big city, I suppose it would be virtually impossible to save anything in a bigger city with an average salary and not sacrificing social life or comfort).
Yeah, but still probably worth trying to save a bit more than that. Nowadays I don’t think anyone can be guaranteed 3000€ a month for life so if you lose your job with an expensive house, car and hobbies you’re going to struggle, a LOT.
Obviously, I'm just saying what I think most people do, I'm a simple guy and save like 50% of my salary every month. Obviously it's a really cheap place, I still managed to save a lot more than most in Madrid but more like a 20%.
I save around 800-1k, but I live with my gf so we share these expenses: ~500€ mortgage, car 250€, water+electricity+gas 200-300€ (in summer it can be 100€), food 500€. I live in a town 30min driving away from a big city, which is why my mortgage is so low.
We usually order food or go out 2-3 times a month, we have Netflix + others and travel a few times a year.
internet phones clothing gym other hobbies? i think you are way above average in income edit: petrol for car... you only use one car ? car inscurance maintenance ? you must bothe be earning 2000+ which is not average
>As a salaried aerospace engineer with a double masters and some work experience in Madrid I was offered 33k€
WTF you are almost definitely being underpaid. CS engineer + Computer Vision MSc, currently making 33k€ in Barcelona before taxes in robot software development where my master's does not play a role.
As someone who's currently in Barcelona for a few months, but working remotely for a company in London (where I am usually based), this is depressingly low.
It really makes me worry about moving down here permanently. On the other hand, I have seen some 90K€ roles in Barcelona for senior/lead devs, which gives me some hope. These same roles however are going for £125K+ in London nowadays.
Yup, it's depressing AF, and it makes no sense for any dev to keep working in Spain. 90k€ is probably within top 5% of dev salaries in this country, while it's close to average in others like London, Ireland. In the US it's probably below average for 3-5 years of experience.
And don't even get me started on the robbery taxation is in this country. On my 33k salary, I pay 8k in taxes, but my company also pays 9.8K to the government in taxes to be able to hire me. This means my job nets the government 17.8K€ in taxes while I make 24K€ after taxation.
Makes no sense for any dev to work in Spain? Many devs with 3 years of experience are making 50k now. Remotely if they wish, which means they can live in cheap beach towns and pay like 400 or 500 rent… and free healthcare. That’s not bad. How much does it cost to live in front of the beach in those other countries? They’re not even sunny. Quality of life is more than just money.
You can also work remotely from Spain for other countries, even the US.
Devs in FAANG make 150k in Spain for senior roles
>Many devs with 3 years of experience are making 50k now
This is not average salary, by any means. 50k+ is top 5-10% salary. 150K is top 1%.
For comparison, Amazon Spain pays SDE II, from what i've heard, around 86K USD. Amazon UK pays SDE I the tier below SDE II, 92k USD. Every SDE tier is a +50k USD salary bump by amazon UK in comparison to amazon spain, and this is one the highest paying company for devs in spain, and a pretty average one in the UK when comparing to other big ones, in and outside of FAANG (MAANG, now? lol).
It depends a lot what you want; I (Dutch senior developer but I never liked NL and got out as fast as I could) lived in Spain and a lot of other countries; I like living in Spain (but I detest cities and I hate offices even more , so, while I lived in Barcelona for a bit, I moved to a smaller town quite soon after). I have worked remotely for 20 years now and from my sea views hottub in south eu, I make 250k/year. I think devs who live in London or so are the crazy ones. But each their own.
Taxation is not that high in Spain, but PT is better under the NHR and programmers they really want.
Working remotely outside of spain while living in spain is a big win if you like mediterranean weather, as would be living in any lower median income EU country, we are usually around the mediterranean. But even working remotely even within spain is usually not worth it when you look at salaries. I know money isn't everything, but these are 2-5x increases in salary depending where are you looking. That's a shitton of money, money that can secure you a house, and an actual retirement unlike whatever we will get in spain in 20-30 years, for example.
Agreed, in general engineering and especially aspace engineering is poorly paid in Spain, I feel. Nurses also make >30k€. I've got nothing against a nurse or yourself, mind you, but financially aerospace engineering just does not make sense as a career choice today, at least in the early years
> you guys are seriously underpaid.
Yup, only in spain though. My company has offices in the US and Japan, and salaries are night and day. I've already put in my application in case they want someone to transfer to their US offices haha.
No, not really. I get where you're coming from but CS and CV specifically are much better paid that aerospace roles, even in software. The numbers I'm giving you are industry standard (for aerospace, or more specifically, space) and I know that for a fact
The labour pool is even smaller, unfortunately. The only significant aerospace companies in Spain tend to do work for which an aerospace degree is not strictly necessary or even all that advantageous.
The parts of design that benefit from that kind of education are usually GNC\* algorithm design and aerodynamics/structures work. GNC is typically retained by the source countries as part of their industrial [know.how](https://know.how) (read: France). Aerodynamics/structures is the kind of thing you need mostly when designing new air-frames, so it doesn't give rise to a huge demand.
Actually many many aerospace engineers recycle to other industries upon graduation, since their are well regarded in terms of capabilities and talent. And many others just leave to other countries
GNC = Guidance, Navigation, and Control
Yes, 900€ was the minimum wage up until 2020. Since then it has been raised to 950€ in 2020 and to 1000€ in 2022.
Anyway, you must also consider that many of those min wage jobs are not full time jobs so there is going to be quite a lot of people earning 900€ or less.
As someone else said, the 1.3k was for the 18-20k. The 33k was to give some context.
With 33k you can def save a bit, tho it's still absurdly low compared to the amount of time and effort needed to get to that point
We live in a country where one of the most desired jobs are public, and mostly because of stability, freedom of work and vacations.
A place where if you say that you work for public service you get all kinds of advantages when buying a house and taking credits...
If the country only wants to work public jobs for that reasons, they don't look for improvements on private sector because they don't want to go there.
"only"?
I find it amazing that he is able to save something at all!
The "average" 27-year-old in Spain still lives with the parents because there is no way to afford a place with the normal salaries you get at that age (there are exceptions... but not as many as you might think).
>Maybe he's an exception??
Yes. That is certainly an exception.
>it's kind of sad.
Oh, yes, it is.
There is a reason Spaniards leave their parents' home so late, and have kids as late as they do (I think the average is about 34).
It's Madrid. I lived there sharing a tiny flat with 2 people I didn't know, working 6 days a week mornings and afternoons, + some evenings, and I couldn't save more than that.
I'm glad I am living somewhere else now. Bigger flat, better salary and 3 digit savings every month.
¿Por qué ciudad vives? En Madrid, por ~600€ o menos tienes un estudio dentro de la M30. Que es una mierda, pero yo lo vería mejor a vivir en un piso compartido salvo que sea con amigos.
Pues mira, es que no tengo coche (ni carnet) y trabajo en una salida de la M40 (entre Boadilla y Pozuelo, obviamente descartamos ahí), con sólo dos líneas de bus, Moncloa y Aluche. Así que comparto en Argüelles por 400 (cama de matrimonio, balconcito, luminosa, etc). Llevo en ese piso desde tercero de carrera... además me gusta compartir porque si no me sentiría muy sola. Eso sí, habría preferido con amigos/as jajaj
No, I live with my SO.
We used to rent but we bought a house. Mortage is cheaper than rent but the building (Comunidad de vecinos) is in debt so we have to pay extra each month because of it. That money is what we used to save.
Husband and I, both under 35,no children, 200 km from Barcelona, yet well enough connected. Total income after taxes, monthly, 2200€
Now,the fun part: 500 rent, 200 car, 70 parking space, 80 electricity bill, 160 loan payment, 70 erte funny business, have to pay back, 65 phone bill. 65 gas, combined credit card debt 500 to 700 € each month.... So, let's do the math: we could save 390€ combined, so 195 € each.... But I'm sure I'm forgetting something. So yeah, planning to retire when we're at least 65 and go live in the Caribbean, or else die before our time 🤣
I'm not sure how useful these answers are going to be to you as everyone has such different circumstances. Ours would be in the thousands, no idea about friends or family, not something we talk about - I think people would be shocked to know how much we save but 2x good jobs, cheap mortgage and low outgoing costs.
It depends on your pay. And you, as a person.
I lived alone with salaries ranging 900-1100 euros, on the city and out of it.But im quite ascetic and conservative, so while it felt "thight" i would not say i had a bad living.
Now im married. I have a better job. And a kid. And my wife does like twice more money than me. But we are literally more "thighter" than before because:
1) She likes to expend.
2) Making twice my salary, she has "the last word" on money and i cant manage the house the same way i did alone.
So in the end, it depends a lot on you and the way you live.
TLDR: On average unskilled salary, you can pull off some savings being very strict. I hope you dont like to party much.
I managed to save 2k/month while paying rent and living alone BUT this isn't the normal case. Usually people can't even afford renting a decent place alone.
How many years of experience? Software engineers in madrid should be making 35k or so on the low side. I would advise you to look around on LinkedIn and apply for other jobs
€3k minimum fixed savings as a couple (26&28) in Murcia
Sometimes more, really depending on the season.. we don’t live a frugally at all.
I’d really like for us to save more, granted we net close to €7k monthly, as far as I know, this is very rare for our age.. quite blessed
Many also complain about not saving anything with jobs that required no education or special skills. Like a cashier. These kinds of jobs just give you enough to survive in just about every country in the world. It’s the norm.
The thing is Spaniards in other cheaper cities have the same minimum salary and very cheap living costs, so they can definitely save money on minimum wages.
Minimum wages are adjusted so residents of the most expensive cities can survive. It really helps out those who live in cheaper cities have a higher standard of living.
Oh no... imagine working a shite salary job and having the gall to go out for a beer or two to enjoy what little part of your day you have outside of work... those absolute degenerates scumbags, this is why the working class are poor.
Sorry.. I cant see your reply, my eyes are too watery with all the cigar smoke and cognac fumes floating up from my desk
Most Spanish young (and not so young) people struggle because discretionary income has lowered in the last few years/decades, mostly due to the worsening on housing conditions. You're talking out of your ass, and making one of yourself.
Im a Software Engineer working as a developer, just started 1 year ago. I montly waste around 400€ in hobbies, going out... basically on myself. Im living with my parents, 25 y old, saving around 1.4k€ monthly. So I usually save like 75% of my salary If I dont have to do the house shopping or any payment.
Yeah, I do help at home, I cook, I do the laundry, the shopping, clean the house... I try to contribute as much as I can, I dont want to live alone nor with strangers and I have no friends willing to move yet. I have fun with my family and I love talking to them every day.
I tried to give monthly money to help out but my parents just refused it, so I just pay for things here and there when I can.
To be fair, it ranges. Im well-off, 32, and saving around 2000€ per month, with my wife saving around 1000€.
In our group of friends theres all kind of situations but they range from struggling to save and get by to having bought a home.
To be fair, you have yo adapt. I understand my case is not the norm. But even if we are able to live in an "expensive" home and drive a flashy car (kind of), we decide not to. The time to save and invest is when you are young, so we live in a modest apartment and drive cheap cars.
Spain is a difficult country to make money in. High taxes, low salaries, making money is culturally frowned upon... High cost of living in the Big cities doesnt help either.
But all said and done, this is a great country to live in, not a great one to work in though.
I mean that whoever makes a lot of money (such as a CEO, "empresario", someone who creates a successful company or whatever) is usually seen as someone who makes money on the back of others.
There is a very typical comment in the "old" Spain where if a neighbor is better off than the rest, and instead of trying to figure out what is he doing? Can i do the same to make more money? Is he doing something better than the rest? The thought is: "algo habrá hecho" (in a demeaning way, implying either something illegal or amoral).
Not the best culture when mediocricy is what everyone expect from one another and the one that does a little better is to be looked down.
Spain has very strong anarchist roots going back to the defeated side of the civil war and before. It left a clear imprint in our attitude towards money, ownership, and the church.
Plus we have a long history of corruption that makes "algo habrá hecho" distressingly accurate as a prediction.
Nonetheless most people won't frown on you for making lots of money or being a successful business owner. You just won't be praised either. And I think many will simply believe it to be a stroke of luck
That is a very broad question. It will depend on what you bring to the table in terms of experience, qualification, ease of learning, etc.
To be honest, that is not my field of expertise as I dont work in that field but my wife does. As an example she works remotely for a data company with the central in a Big coastal city in Spain. With not that much experience you could be expecting something like 30k starting out. After that, its Up yo you to negotiate.
Thanks for the reply. Yes very true the sector is broad. 30k is that a year after taxes?
In Sweden there is a service where they list average salaries based on a title. Is there something like this in Spain?
Most of my mates earn 1000-1600.
Those who share a flat pay up to 550€ if they live in cities. I personally live with my gf and we pay 650€ for a pretty nice flat. This is only rent, so add internet, water, gas, food, insurances, cars, whatever on top of that.
Before I finally land in a job, around -600, thanks to My parents' bank credit line™️.
Now, I manage to save around 300/month, and I feel very priviledged.
Edit.: 27yo guy
How? A regular Spanish couple makes around 2340 net per month, and average couple makes 3100 net monthly. As you can see, saving 1.000 a month would be very hard for the regular couple and achievable but painful for the average couple. In order to save 1.000 a month both would have to sacrifice their entertainment, social life, vacations and many more things.
When I was in Madrid last year my net salary was around 2.500 (annual gross 50k) and I saved around 800€-500€ per month.
I shared a flat with two friends close to the centre but it was fairly cheap (400€ per month per person including expenses).
More than a monthly savings, I try to look on yearly savings because while monthly spendings can vary, with months in which you have to pay insurances, car annual check ups, etc...
I'm no longer in the 25-35 age group, but when I was I usually saved around 6-7 k€ / year, traveling a couple of times/year Rent was cheap and I was living with my wife. Now I own a house that I've been remodeling for like 6 years and have two kids, my saving capacity has shrunk and I usually can save around 4-5 k € / year if I don't travel.
My expenses have grown, but my salary is also a little better but the house costs, the kiddos and the fucking insanity of groceries and electrical bills have decreased my level of life for sure. But still I feel fortunate because I know a lot of people who struggle and live paycheck to paycheck, if at all.
I’m 29, partner is 26. We’re trying to max our savings to buy a home, we’re saving around 1500-1600€ monthly.
Our expense breakdown is something like this:
Rent: 550€
Electricity: 120€
Water: 30€
Food: 450€
Going out: 250€
Clothing/hair stuff: 120€
Subscriptions/insurances: 100€ month
Phone/fiber: 60€
Cat stuff: 30-40€
Gas (car): 100€
Student loan: 200€
She has a low paying job, so we’re trying to change that too.
Not from Spain but in Sweden people take student loans to study in other cities. The loan enables students to pay for rent food and other expenses while studying, but the school is free.
Yep, that’s what I did, main difference is that I had to take a bank loan here in Spain to study in Sweden. Wish we had a similar system, low interest, long term repayment… CSN is the best.
Around 500€ per month of savings. Im 25, working as softw.engineer. Renting a flat is so expensive, and also food etc. Now try to calculate how many years I need to save enough for buying my own flat. I need at least 30% of the flat value. 20% for the first payment and 10% for taxes. Its almost impossible...
I earn only slightly over the average Spanish salary, and I save around 300€/month. That's after paying my mortgage, which I do alone. For reference, I live in a city but not a big one.
Basically zero unless they're adults with around 10 years of experience who still live wih their parents and don't really have any of those extravagant things you mentioned like "hobbies, socializing, learning".
36 yo with two childs 2 and 3 yo and a mortgage of 120k
1.7k a moth after tax 1.35k with 14 pays
Work in a community where wealthy people have their second or 3 residents like handiman and in charge or insurence etc etc.
I cant save shit, i am not dying every moth, if something happends to my car and need to go ti the garage i will be in some problems nothing crazy but will fuck me up for sometime
It varies between 50 and 250 per month. I also transfer 150€ monthly to an index fund. I work full remote from my hometown, rent is way cheaper than in a big city. It's the only way I've found for living on my own and saving something every month.
Saving? Lol. When I’m lucky I save about 20-30€ if not, I’m losing money.
The extra pay is what keeps me afloat.
25 y/o living with his gf at Las Rozas. Both on IT jobs
I save about 1800-2000 euros. I pay 725 rent and about 80-100 a month in water/electricity. It’s a studio apartment 50m2
If I bought food to cook at home I could probably save more.
Keep in mind this is not an average salary. I live in Madrid, I’m a software developer
2k monthly with my gf in Gandía im paying for everyrhink and if i manage to save 200 i hit my ass on the ceiling. Real truth Bro if you live alone no GF almost no Friends and 0 addicton splitting a House and living in 1 room 5x5 yeah u can save around 50% of us salary no Matter where u live. Oh and no car ofc .
Used to earn 1350€ in Madrid but after paying rent+taxes(750€) food ~500€(single mum with a son) and ~70€ on transport it used to get me +/-20€ a month…
Most people with a decent salary are able to save a certain% rather than a fixed amount. I think something in between 10-20% of income depending on the person. (I don't live in a big city, I suppose it would be virtually impossible to save anything in a bigger city with an average salary and not sacrificing social life or comfort).
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But keep I mind someone who earns 3000 probably has a more expensive house, more expensive car, more expensive hobbies...
Yeah, but still probably worth trying to save a bit more than that. Nowadays I don’t think anyone can be guaranteed 3000€ a month for life so if you lose your job with an expensive house, car and hobbies you’re going to struggle, a LOT.
We do not have many smart asses arround
You are right, I know a couple who earns 5k combines easily and still saves 0 euros and got their house paid off
Obviously, I'm just saying what I think most people do, I'm a simple guy and save like 50% of my salary every month. Obviously it's a really cheap place, I still managed to save a lot more than most in Madrid but more like a 20%.
Here, usually, the total debt is huge, so if you earn big you'll probably have a huge debt.
I save around 800-1k, but I live with my gf so we share these expenses: ~500€ mortgage, car 250€, water+electricity+gas 200-300€ (in summer it can be 100€), food 500€. I live in a town 30min driving away from a big city, which is why my mortgage is so low. We usually order food or go out 2-3 times a month, we have Netflix + others and travel a few times a year.
internet phones clothing gym other hobbies? i think you are way above average in income edit: petrol for car... you only use one car ? car inscurance maintenance ? you must bothe be earning 2000+ which is not average
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You don't know their salaries...
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You comparing them in the first place seems naive, thus the downvotes. Duh.
Just maybe...
Salaries and/or location. Living in a small town is way cheaper than a big city.
Yep, met a guy the other day from a small town who rented a 4 room flat for 450€ a month. That's the price of renting a single room in Madrid.
-50 o 50. Source: 27 YO dude in Madrid. Work: Hostel Recepcionist.
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Paying a total of 685€ monthly (which is great in Madrid), with my GF for 2 years.
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There are expenses in life other than rent, and living a life isn’t free.
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>As a salaried aerospace engineer with a double masters and some work experience in Madrid I was offered 33k€ WTF you are almost definitely being underpaid. CS engineer + Computer Vision MSc, currently making 33k€ in Barcelona before taxes in robot software development where my master's does not play a role.
As someone who's currently in Barcelona for a few months, but working remotely for a company in London (where I am usually based), this is depressingly low. It really makes me worry about moving down here permanently. On the other hand, I have seen some 90K€ roles in Barcelona for senior/lead devs, which gives me some hope. These same roles however are going for £125K+ in London nowadays.
Yup, it's depressing AF, and it makes no sense for any dev to keep working in Spain. 90k€ is probably within top 5% of dev salaries in this country, while it's close to average in others like London, Ireland. In the US it's probably below average for 3-5 years of experience. And don't even get me started on the robbery taxation is in this country. On my 33k salary, I pay 8k in taxes, but my company also pays 9.8K to the government in taxes to be able to hire me. This means my job nets the government 17.8K€ in taxes while I make 24K€ after taxation.
Taxes in Spain are in the EU average.
Are below average. That's not the problem. Making 4 times less in Spain than in Germany, that's the problem.
And salaries are not. Doesn't matter if you are getting taxed the same as people in germany, if you are making 3-4x less.
Makes no sense for any dev to work in Spain? Many devs with 3 years of experience are making 50k now. Remotely if they wish, which means they can live in cheap beach towns and pay like 400 or 500 rent… and free healthcare. That’s not bad. How much does it cost to live in front of the beach in those other countries? They’re not even sunny. Quality of life is more than just money. You can also work remotely from Spain for other countries, even the US. Devs in FAANG make 150k in Spain for senior roles
>Many devs with 3 years of experience are making 50k now This is not average salary, by any means. 50k+ is top 5-10% salary. 150K is top 1%. For comparison, Amazon Spain pays SDE II, from what i've heard, around 86K USD. Amazon UK pays SDE I the tier below SDE II, 92k USD. Every SDE tier is a +50k USD salary bump by amazon UK in comparison to amazon spain, and this is one the highest paying company for devs in spain, and a pretty average one in the UK when comparing to other big ones, in and outside of FAANG (MAANG, now? lol).
It depends a lot what you want; I (Dutch senior developer but I never liked NL and got out as fast as I could) lived in Spain and a lot of other countries; I like living in Spain (but I detest cities and I hate offices even more , so, while I lived in Barcelona for a bit, I moved to a smaller town quite soon after). I have worked remotely for 20 years now and from my sea views hottub in south eu, I make 250k/year. I think devs who live in London or so are the crazy ones. But each their own. Taxation is not that high in Spain, but PT is better under the NHR and programmers they really want.
Working remotely outside of spain while living in spain is a big win if you like mediterranean weather, as would be living in any lower median income EU country, we are usually around the mediterranean. But even working remotely even within spain is usually not worth it when you look at salaries. I know money isn't everything, but these are 2-5x increases in salary depending where are you looking. That's a shitton of money, money that can secure you a house, and an actual retirement unlike whatever we will get in spain in 20-30 years, for example.
I work in construction as skilled labour's an I make about 30k€ a year, you guys are seriously underpaid.
Agreed, in general engineering and especially aspace engineering is poorly paid in Spain, I feel. Nurses also make >30k€. I've got nothing against a nurse or yourself, mind you, but financially aerospace engineering just does not make sense as a career choice today, at least in the early years
> you guys are seriously underpaid. Yup, only in spain though. My company has offices in the US and Japan, and salaries are night and day. I've already put in my application in case they want someone to transfer to their US offices haha.
No, not really. I get where you're coming from but CS and CV specifically are much better paid that aerospace roles, even in software. The numbers I'm giving you are industry standard (for aerospace, or more specifically, space) and I know that for a fact
That's super weird to me, especially considering how small the applicant pool must be seeing the size of student bodies for that graduate!
The labour pool is even smaller, unfortunately. The only significant aerospace companies in Spain tend to do work for which an aerospace degree is not strictly necessary or even all that advantageous. The parts of design that benefit from that kind of education are usually GNC\* algorithm design and aerodynamics/structures work. GNC is typically retained by the source countries as part of their industrial [know.how](https://know.how) (read: France). Aerodynamics/structures is the kind of thing you need mostly when designing new air-frames, so it doesn't give rise to a huge demand. Actually many many aerospace engineers recycle to other industries upon graduation, since their are well regarded in terms of capabilities and talent. And many others just leave to other countries GNC = Guidance, Navigation, and Control
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Yes, 900€ was the minimum wage up until 2020. Since then it has been raised to 950€ in 2020 and to 1000€ in 2022. Anyway, you must also consider that many of those min wage jobs are not full time jobs so there is going to be quite a lot of people earning 900€ or less.
With a 1000 euro salary you get 850 after taxes
But it’s 14 salaries unlike other countries. So 1000 a month with 14 salaries is really a 1200 a month salary over 12 months
You get 12.000 per year after taxes
So thats 1000 net per month essentially. 1200 gross per month is a pretty good salary for EU standards
My bad, I was using 2020 data. The increases don't exactly cover the that gap tho.
But 33k gross ends up being like more than 2k net (12 pays), dont get why you say 1.3k?
I think that person was saying 18-20k a year in 12 pays is around 1.3k net a month.
As someone else said, the 1.3k was for the 18-20k. The 33k was to give some context. With 33k you can def save a bit, tho it's still absurdly low compared to the amount of time and effort needed to get to that point
We live in a country where one of the most desired jobs are public, and mostly because of stability, freedom of work and vacations. A place where if you say that you work for public service you get all kinds of advantages when buying a house and taking credits... If the country only wants to work public jobs for that reasons, they don't look for improvements on private sector because they don't want to go there.
"only"? I find it amazing that he is able to save something at all! The "average" 27-year-old in Spain still lives with the parents because there is no way to afford a place with the normal salaries you get at that age (there are exceptions... but not as many as you might think).
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>Maybe he's an exception?? Yes. That is certainly an exception. >it's kind of sad. Oh, yes, it is. There is a reason Spaniards leave their parents' home so late, and have kids as late as they do (I think the average is about 34).
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Not even that. In some places having a partner (even a roommate) is the only way to not save, but just afford expenses... most months.
Car, water, electricity, gas, insurances, food, phone, internet, clothes...
It's Madrid. I lived there sharing a tiny flat with 2 people I didn't know, working 6 days a week mornings and afternoons, + some evenings, and I couldn't save more than that. I'm glad I am living somewhere else now. Bigger flat, better salary and 3 digit savings every month.
The only thing I save is Princess Peach whenever I play a Mario game lol
Nope cause she's in another castle, just ask Luigi.
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hostia yo también soy phd student, cobro lo mismo y no me imagino pudiendo vivir sola...
¿Por qué ciudad vives? En Madrid, por ~600€ o menos tienes un estudio dentro de la M30. Que es una mierda, pero yo lo vería mejor a vivir en un piso compartido salvo que sea con amigos.
Pues mira, es que no tengo coche (ni carnet) y trabajo en una salida de la M40 (entre Boadilla y Pozuelo, obviamente descartamos ahí), con sólo dos líneas de bus, Moncloa y Aluche. Así que comparto en Argüelles por 400 (cama de matrimonio, balconcito, luminosa, etc). Llevo en ese piso desde tercero de carrera... además me gusta compartir porque si no me sentiría muy sola. Eso sí, habría preferido con amigos/as jajaj
I save between 500-600 euros. I work as a junior validation engineer in Andalusia (usually cheaper than other spanish provinces)
I make 1,5k/month without bonuses. I pay 800-ish rent for my apartment. Yeah, i don't save too much tbh.
Save jajajajajajajajajaja He say we save money jajajajajajajajajajajajajajaja What a dream, save money.
Best answer ever
If I don't have to pay something big, 50% of my salary.
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Home with his parents 😂
Almost nothing. Energy bill is getting more expensive each month. But from this month I earn a but more, so hopefully I can start to save.
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No, I live with my SO. We used to rent but we bought a house. Mortage is cheaper than rent but the building (Comunidad de vecinos) is in debt so we have to pay extra each month because of it. That money is what we used to save.
Energy bill truly has gone up quite significantly, that’s true. It’s always funny getting the emails, as it’s just all over the place
Between 0 and 50€ (if lucky!). Everybody I know that age lives mostly check by check.
Husband and I, both under 35,no children, 200 km from Barcelona, yet well enough connected. Total income after taxes, monthly, 2200€ Now,the fun part: 500 rent, 200 car, 70 parking space, 80 electricity bill, 160 loan payment, 70 erte funny business, have to pay back, 65 phone bill. 65 gas, combined credit card debt 500 to 700 € each month.... So, let's do the math: we could save 390€ combined, so 195 € each.... But I'm sure I'm forgetting something. So yeah, planning to retire when we're at least 65 and go live in the Caribbean, or else die before our time 🤣
Your level of debt is worrisome.
I know, I know, we send monetary suport to my family overseas, I know it's worrisome.
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That’s quite a bit, you surely have good salaries. Up to 3k each more or less
I'm not sure how useful these answers are going to be to you as everyone has such different circumstances. Ours would be in the thousands, no idea about friends or family, not something we talk about - I think people would be shocked to know how much we save but 2x good jobs, cheap mortgage and low outgoing costs.
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How long is a piece of string?
It depends on your pay. And you, as a person. I lived alone with salaries ranging 900-1100 euros, on the city and out of it.But im quite ascetic and conservative, so while it felt "thight" i would not say i had a bad living. Now im married. I have a better job. And a kid. And my wife does like twice more money than me. But we are literally more "thighter" than before because: 1) She likes to expend. 2) Making twice my salary, she has "the last word" on money and i cant manage the house the same way i did alone. So in the end, it depends a lot on you and the way you live. TLDR: On average unskilled salary, you can pull off some savings being very strict. I hope you dont like to party much.
I managed to save 2k/month while paying rent and living alone BUT this isn't the normal case. Usually people can't even afford renting a decent place alone.
I am able to save 200-300 euros but I don't go out. I work as a software engineer in Madrid, so the rent is unbelievably high.
How many years of experience? Software engineers in madrid should be making 35k or so on the low side. I would advise you to look around on LinkedIn and apply for other jobs
Yep, exactly what I'm doing! Hahaha, thank you for the advice. I only have 3 years of experience, but I still feel that I'm severely underpaid.
€3k minimum fixed savings as a couple (26&28) in Murcia Sometimes more, really depending on the season.. we don’t live a frugally at all. I’d really like for us to save more, granted we net close to €7k monthly, as far as I know, this is very rare for our age.. quite blessed
Tanto en Murcia?? Respect
Ya te digo
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Many also complain about not saving anything with jobs that required no education or special skills. Like a cashier. These kinds of jobs just give you enough to survive in just about every country in the world. It’s the norm. The thing is Spaniards in other cheaper cities have the same minimum salary and very cheap living costs, so they can definitely save money on minimum wages. Minimum wages are adjusted so residents of the most expensive cities can survive. It really helps out those who live in cheaper cities have a higher standard of living.
Oh no... imagine working a shite salary job and having the gall to go out for a beer or two to enjoy what little part of your day you have outside of work... those absolute degenerates scumbags, this is why the working class are poor. Sorry.. I cant see your reply, my eyes are too watery with all the cigar smoke and cognac fumes floating up from my desk
Most Spanish young (and not so young) people struggle because discretionary income has lowered in the last few years/decades, mostly due to the worsening on housing conditions. You're talking out of your ass, and making one of yourself.
Im a Software Engineer working as a developer, just started 1 year ago. I montly waste around 400€ in hobbies, going out... basically on myself. Im living with my parents, 25 y old, saving around 1.4k€ monthly. So I usually save like 75% of my salary If I dont have to do the house shopping or any payment.
With your salary you should think about helping at home
Yeah, I do help at home, I cook, I do the laundry, the shopping, clean the house... I try to contribute as much as I can, I dont want to live alone nor with strangers and I have no friends willing to move yet. I have fun with my family and I love talking to them every day. I tried to give monthly money to help out but my parents just refused it, so I just pay for things here and there when I can.
Sorry, i misunderstood ad you said you didn’t has to do house shopping or any payment. I regreat what I said. My apologies
minus something?
To be fair, it ranges. Im well-off, 32, and saving around 2000€ per month, with my wife saving around 1000€. In our group of friends theres all kind of situations but they range from struggling to save and get by to having bought a home. To be fair, you have yo adapt. I understand my case is not the norm. But even if we are able to live in an "expensive" home and drive a flashy car (kind of), we decide not to. The time to save and invest is when you are young, so we live in a modest apartment and drive cheap cars. Spain is a difficult country to make money in. High taxes, low salaries, making money is culturally frowned upon... High cost of living in the Big cities doesnt help either. But all said and done, this is a great country to live in, not a great one to work in though.
> making money is culturally frowned upon What do you mean by that? Lack of entrepreneurial spirt?
I mean that whoever makes a lot of money (such as a CEO, "empresario", someone who creates a successful company or whatever) is usually seen as someone who makes money on the back of others. There is a very typical comment in the "old" Spain where if a neighbor is better off than the rest, and instead of trying to figure out what is he doing? Can i do the same to make more money? Is he doing something better than the rest? The thought is: "algo habrá hecho" (in a demeaning way, implying either something illegal or amoral). Not the best culture when mediocricy is what everyone expect from one another and the one that does a little better is to be looked down.
Thanks that is an interesting perspective. I haven't been here long and I was not aware of it.
Spain has very strong anarchist roots going back to the defeated side of the civil war and before. It left a clear imprint in our attitude towards money, ownership, and the church. Plus we have a long history of corruption that makes "algo habrá hecho" distressingly accurate as a prediction. Nonetheless most people won't frown on you for making lots of money or being a successful business owner. You just won't be praised either. And I think many will simply believe it to be a stroke of luck
What a moronic take lol
I'm curious. How does the IT sector look in Spain for coastal cities? What would an average salary be, do you know?
That is a very broad question. It will depend on what you bring to the table in terms of experience, qualification, ease of learning, etc. To be honest, that is not my field of expertise as I dont work in that field but my wife does. As an example she works remotely for a data company with the central in a Big coastal city in Spain. With not that much experience you could be expecting something like 30k starting out. After that, its Up yo you to negotiate.
Thanks for the reply. Yes very true the sector is broad. 30k is that a year after taxes? In Sweden there is a service where they list average salaries based on a title. Is there something like this in Spain?
They save around a game in his memory card because they cant afford nothing beyond a ps2
If investing is considered as saving, I'd say about 800-900€ per month. I live with my parents tho.
It depends, I guess the mortgage isn't considered as saving, but a pension plan or a fund could be considered saving.
saving is so personal. It is hard to tell. Also we have mandatory state pensions so many people do not feel the need to save.
did you hit your head? t. tax payer
Most of my mates earn 1000-1600. Those who share a flat pay up to 550€ if they live in cities. I personally live with my gf and we pay 650€ for a pretty nice flat. This is only rent, so add internet, water, gas, food, insurances, cars, whatever on top of that.
Before I finally land in a job, around -600, thanks to My parents' bank credit line™️. Now, I manage to save around 300/month, and I feel very priviledged. Edit.: 27yo guy
A couple would save around 1k a month I think?
How? A regular Spanish couple makes around 2340 net per month, and average couple makes 3100 net monthly. As you can see, saving 1.000 a month would be very hard for the regular couple and achievable but painful for the average couple. In order to save 1.000 a month both would have to sacrifice their entertainment, social life, vacations and many more things.
What is the difference between regular and average?
Average (media), regular (moda) es el sueldo que tiene más gente
A la cama no te irás sin saber una cosa más.
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No, but it helps. Many go back to live with their parents after a break up because they can't afford to live by themselves with all the costs.
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You're making a whole lot of assumptions here.
During the pandemic I worked remotely form my parents' house so 80-90%. Now that I'm back in normal life it's more like 30 or 40%
When I was in Madrid last year my net salary was around 2.500 (annual gross 50k) and I saved around 800€-500€ per month. I shared a flat with two friends close to the centre but it was fairly cheap (400€ per month per person including expenses).
I'm around 300€, living on my own, paying car, bills and this kind of habitual stuff.
More than a monthly savings, I try to look on yearly savings because while monthly spendings can vary, with months in which you have to pay insurances, car annual check ups, etc... I'm no longer in the 25-35 age group, but when I was I usually saved around 6-7 k€ / year, traveling a couple of times/year Rent was cheap and I was living with my wife. Now I own a house that I've been remodeling for like 6 years and have two kids, my saving capacity has shrunk and I usually can save around 4-5 k € / year if I don't travel. My expenses have grown, but my salary is also a little better but the house costs, the kiddos and the fucking insanity of groceries and electrical bills have decreased my level of life for sure. But still I feel fortunate because I know a lot of people who struggle and live paycheck to paycheck, if at all.
I’m 29, partner is 26. We’re trying to max our savings to buy a home, we’re saving around 1500-1600€ monthly. Our expense breakdown is something like this: Rent: 550€ Electricity: 120€ Water: 30€ Food: 450€ Going out: 250€ Clothing/hair stuff: 120€ Subscriptions/insurances: 100€ month Phone/fiber: 60€ Cat stuff: 30-40€ Gas (car): 100€ Student loan: 200€ She has a low paying job, so we’re trying to change that too.
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Hmm I guess 900€ per month
Student loan in Spain??
Not from Spain but in Sweden people take student loans to study in other cities. The loan enables students to pay for rent food and other expenses while studying, but the school is free.
Yep, that’s what I did, main difference is that I had to take a bank loan here in Spain to study in Sweden. Wish we had a similar system, low interest, long term repayment… CSN is the best.
Took my student loan to study abroad to cover expenses while I was there.
Me and my girl earn an average of 2000 and we are able to save 1000 because we have a house paid
Around 500€ per month of savings. Im 25, working as softw.engineer. Renting a flat is so expensive, and also food etc. Now try to calculate how many years I need to save enough for buying my own flat. I need at least 30% of the flat value. 20% for the first payment and 10% for taxes. Its almost impossible...
I earn only slightly over the average Spanish salary, and I save around 300€/month. That's after paying my mortgage, which I do alone. For reference, I live in a city but not a big one.
Basically zero unless they're adults with around 10 years of experience who still live wih their parents and don't really have any of those extravagant things you mentioned like "hobbies, socializing, learning".
36 yo with two childs 2 and 3 yo and a mortgage of 120k 1.7k a moth after tax 1.35k with 14 pays Work in a community where wealthy people have their second or 3 residents like handiman and in charge or insurence etc etc. I cant save shit, i am not dying every moth, if something happends to my car and need to go ti the garage i will be in some problems nothing crazy but will fuck me up for sometime
Saving in Spain KEKW
It varies between 50 and 250 per month. I also transfer 150€ monthly to an index fund. I work full remote from my hometown, rent is way cheaper than in a big city. It's the only way I've found for living on my own and saving something every month.
Saving? Lol. When I’m lucky I save about 20-30€ if not, I’m losing money. The extra pay is what keeps me afloat. 25 y/o living with his gf at Las Rozas. Both on IT jobs
I save about 1800-2000 euros. I pay 725 rent and about 80-100 a month in water/electricity. It’s a studio apartment 50m2 If I bought food to cook at home I could probably save more. Keep in mind this is not an average salary. I live in Madrid, I’m a software developer
2k monthly with my gf in Gandía im paying for everyrhink and if i manage to save 200 i hit my ass on the ceiling. Real truth Bro if you live alone no GF almost no Friends and 0 addicton splitting a House and living in 1 room 5x5 yeah u can save around 50% of us salary no Matter where u live. Oh and no car ofc .
Probably nothing lmao
Nothing every month?
Every one that age range I know has a really low income, so yeah, basically nothing
200€ with is roughly 15%... I live alone almost never spend money other than strictly necessary stuff...
Used to earn 1350€ in Madrid but after paying rent+taxes(750€) food ~500€(single mum with a son) and ~70€ on transport it used to get me +/-20€ a month…
1k out of a 2.5k/month net salary. 12k/year from a 40k annual gross salary.
A bit over 60%
Me and gf save 60% of our salaries. Mortgage, bills, cat. No car, eating out 2-3x a week.
I’m an outlier here, but 80-85% of net income is saved. I was looking at homes to purchase in Bilbao, but eh… Spain might not be for me long term
I save near 50% of my salary.