Wow £7500 is a nice salary It adds up to £90K yearly income, I think many of us dream of this sum. According to Income Tax website, you'll have around £5K net cash left after you pay tax, national insurance - if you'll pay pension and student loan as well, you'll have around £4,300 disposable income per month. If you'll spend £2K as you mentioned (I think you'll spend more, once the money starts flowing), you can save just above £2K, which is awesome