Moving out from parents house

jp2031

Well, its came to the point in my life I constantly ask myself why I'm still with mum and dad... The problem I have is the fact that I'm scared I cant afford a place... Usually its my parents that deal with all the bills and stuff, so i have no idea what to expect. Me and my fianc!e want to move in together ASAP, both of us stay with parents, both of us feel its time to move out.
I'm a full time student, but next year as part of my course, I get a full time job paying around 15,000 ; but only for one year. (And i want to learn how to drive) The following year, I go back to uni. Debbie, my fianc!e, works part time right now, as her collage course had been cut; but she might be able to get a full time contract... If not, shes going back to collage in January to do English, to allow her into a better university.

I'm a bit lost where to start... I dont really want to talk to mum and dad about it; my dad will be annoyed because I give them dig money that they kinda need (which i find unfair because they just take my student loan straight off me... I'm about 3.5k in debt because of them over the past 2 years)... But they need to see that its time for me to move on...

Can anyone offer any advice? Should me and Debbie wait till our finances are more secure? I checked the SAAS website, and apparently if i move out of my parents house, im not entitled to any bursary but more student loan... I dont want to take out even more of a loan...

McKneff

Apart from anything else, lets get things into perspective regarding your parents and your living there.

You are not paying them 'because they need it' you are paying them for the roof over your head, (rent) food
electricity, water, they probably cook your food, do your washing etc etc etc.

How much are you actually contributing?

jp2031

What does it matter? I just wanna get out of here

£250 a month (which i take a loan to pay for)

themull1

you've asked the question, should you stay until your finances are more secure, answer, yes.

Oldernotwiser

jp2031 wrote: »

What does it matter? I just wanna get out of here

£250 a month (which i take a loan to pay for)

£250 pm is incredibly cheap to keep you and it's what you get a loan for! Moving out will be much more expensive but it may make you appreciate your parents and knock that chip off your shoulder!

jobbingmusician

I do agree with oldernotwiser (although I was the same at your age). If you want to know 'what to expect' have a look at the Debrfreewannabee board, at some of the posts where they list their outgoings. THESE ARE REAL - the real costs of running a house/flat etc.

The real giveaway to me is where you say '(And i want to learn how to drive)'. I may be wrong, but that comes across as an expectation for the next year, rather than a priveledge. You can only afford to do this if you can afford it! - and I reckon the only way you can afford it is if you stay where you are.

If you move out with your fiancee, btw, who is going to come up with the deposit for you to get a place? Just a thought.

This might sound harsh. I stress that I was just the same at your age. Give it a few years and you will see that your parents are giving you the chance of a very good start in life, with minimal debt.

GlasweJen

Depending on the age you were when you started the course (and the fact you've clearly not lived independantly of your parents for 3 years going by your OP), your SAAS bursary should actually increase should you move out (but not by much) to account for you not living at home, you'll also get the increase in your student loan. I graduated in 2009 and got £4400 per year from SAAS and SLC combined, I was on the highest tier bursary.

You'll need to pay rent which will vary by area but if you're in Edinburgh you'll need about £300 - £350 (each) a month, Glasgow is slightly cheaper. The further away from the uni you live the cheaper it will be but you need to make sure you're in an area you can commute to uni from. You'll probably need a guarantor, basically mum or dad will need to say that if you don't pay the rent or if you trash the place and disappear they will pay for you - doesn't sound like your parents will be up to this.

You'll also need to pay council tax, you'll get a 25% discount because you're exempt (if your girlfriend is just doing a part time english course then she wont be exempt), you need to apply to the council for your discount. Make sure rent and council tax take priority because you can be prosecuted for not paying CT and evicted for not paying rent. Oh and you may need to pay full council tax next year if your girlfriend doesn't get into uni, you'd need to ask your council about this.

Electricity and gas, we were about £50 a month for these combined, higher in the winter. The area we lived in was old flats with high ceilings that took lots to heat, you can do leccy on the cheap and not turn on heaters until absolutely necessary but it takes a lot of will power to not turn it on every night from October to March!

Food - depends on what you eat, you can't afford to be picky when you're on a budget. You can learn to cook with cheaper cuts of meat and freeze leftovers to use for lunches - you wont be able to afford uni lunch!

Travel - SAAS refund some travel expenses in January. Use the cheapest option and buy a season ticket (SPT zonecard is good).

Books - buy online and only when you actually need them, don't just buy them cos they're on the list. Utilise the uni library.

Phone line - you'll need this for internet, check your agreement before switching providers as some landlords don't allow this or require you to change back at the end.

There are no benefits for students unless they are disabled so you wont get any help (aside from the council tax discount) but you can apply to hardship at uni if things are really bad.

Indie_Kid

GlasweJen wrote: »

Books - buy online and only when you actually need them, don't just buy them cos they're on the list. Utilise the uni library.

Some universities also have second hand bookshops where last years' students sell their books.

I give them dig money that they kinda need

Which they won't need if you move out - they'll have less outgoings.

who is going to come up with the deposit for you to get a place?

And the first months' rent. LLs usually want that upfront too.

GlasweJen

In addition to deposit and first months rent you'll also need to pay agency fees if you go through a letting agent, most of ours charged us £150 one off (if you register with more than 1 you have to pay them all this as it covers things like credit checks on you and your guarantor - we didn't register until we were set on letting a property from them but some of our friends registered, never got the house, found a different house with a different agent and it got quite expensive). You'll also need to pay to get a key cut for your other half as you only get one set of keys from most agencies (but you need to hand all keys you have cut back at the end).

Your first month will be most expensive, you'll need to pay connection fees for your phone line, electricity (if you decide to switch) and also you need to get a TV licence if you're going to have a TV. You'll need to establish a "store cupboard" which will be your basics for the kitchen; salt, vinegar, sugar, tea, coffee, some spices, basic tins (tomatos, beans etc), your washing up liquid, powder/liquid for the clothes washing, a basic first aid kit, soap, shampoo, conditioner, shaving foam etc.

jennifernil

Have you not got a part time job? Even a Saturday one will give you another £50 per week or so.

Bakeress

jennifernil wrote: »

Have you not got a part time job? Even a Saturday one will give you another £50 per week or so.

More like £24 :S
Most retail places will opt for shifts which do not entitle their staff to a break, hence a 4 hour shift at minimum wage.
For more money I would have to get more shifts(on different days) at 4hours a time.

To the OP, It doesn't look like your in any position to move out.
I myself am a postgraduate student in a similar predicament. Although I would love to leave the nest for my own space (at 25 y/o) and spend more time with my other half it truly isn't practice or financially feasible.

Start practising a budget. That way you practising for when things are tight and you are hopefully putting some money away in a savings account for a deposit and a couple of months rent for next year or further in the future.