Should I move out?

snowqueen555

I am 25 this year, in a low earning job (13k), have been there for 7 months but can't see myself there long term. I still live at home with the folks, have recently cleared my debt.

I help out with bills but living in a houseshare would not be much more money but I'd get much more freedom.

I'm wondering if I should move out into a houseshare, I am sick of living at home, but on the other hand I don't have any savings and I'm not in a job I like, feels like life is going nowhere, what do you all think??


Thanks

martindow

Sorry I'm not clear about your job. Are you saying you are about to leave it?

snowqueen555

No, but I can't see myself staying in the job for the long term

How much savings/security should I have before moving out?

poppysarah

Start looking at house shares. You might find you don't like the look of them - but it'll give you an idea of what deposit you need to save.

Sometimes freedom isn't all it's cracked up to be.

Slinky

I can relate to this. At 25 I was in the same situation as you, I went on holiday to Jersey and decided to go back to live. Came home ditched the job, moved out to Jersey a month later knowing nobody. Got a job in a hotel as a housekeeper until the end of the season, which was live-in so sorted the accommodation (money was pretty poor but at least it was something). Eventually moved into a job with a firm of accountant's and stayed on the island five years. Really enjoyed it, though it was hard at the start not knowing anybody, also leaving the home I was born in.

Sometimes you just have to take a chance and gamble life will take you down an interesting road.

BitterAndTwisted

snowqueen555 wrote: »

No, but I can't see myself staying in the job for the long term

How much savings/security should I have before moving out?

I'd say AT LEAST the equivalent of three month's net salary as an absolute minimum after you've saved enough for your first month's rent and a deposit.

Also, it could be just me being dense but I can't see how "helping out with bills" at home could be in the same ball-park as paying rent, council tax, bills and food in a flat or house-share. Would you be prepared to say exactly how much you contribute to your folk's monthly budget?

PasturesNew

Get a new job first, then move. I say this because in your new job you'll want the easiest commute possible (and cheapest), so there's no point moving now, then not applying for some jobs because they're in the wrong place.

Get the job, move to be near the job.

snowqueen555

BitterAndTwisted wrote: »

Also, it could be just me being dense but I can't see how "helping out with bills" at home could be in the same ball-park as paying rent, council tax, bills and food in a flat or house-share. Would you be prepared to say exactly how much you contribute to your folk's monthly budget?

My take home wage atm is £900 after tax

£250 per month to live at home, this covers all my expenses at home, but I usually buy a lot of my own food.

When I was younger or out of work I didn't pay as much, but I'm not a kid anymore.

Houseshares of £250-£300 per month including all bills is not unusual, but there are of course living expenses on top. I ideally want to live central so the figure may be slightly more.

Thanks for the advice, I would need to stay home for several months to save up first before making any decisions

lincroft1710

Do you have a friend who is in a similar position so both of you could look for a flat to share? Going down this route your share of the annual expenditure, rent, utility bills, TV license, contents insurance, water rates, council tax, broadband connection could be £6,000 plus.

snowqueen555

The sad thing is, I don't have many close friends, this is another issue, I don't want to move in and not get on with people. I don't know if I'm hesitating or just finding excuses or doubting myself.

B.E.N

PasturesNew wrote: »

Get a new job first, then move. I say this because in your new job you'll want the easiest commute possible (and cheapest), so there's no point moving now, then not applying for some jobs because they're in the wrong place.

Get the job, move to be near the job.

Good Advice.

I'd also recommend having some savings behind you.

I'm in a similar position, living at home until I have significant savings behind me (and whilst I am in no way paying token rent, it does allow me to save more).

My reasoning is that, once I do move out, I don't want to be forced to move back home if/when circumstances change (e.g. Job Loss, Illness).

You also have to factor in that you don't like your current job.

Imagine moving out, getting all of this newfound "freedom", then realising that you're not "free" at all, infact, you have lost your "freedom" by being forced to work in a job that you don't like (or will greatly resent in a years' time), because you need to keep the roof over your head..