can we afford to move out??

LilacPixie

would a landlord even consider you if your work isn't very 'official' Most require employer referances.

My opinion would be £850 - 450 rent leaves you £400 heating a house easy £80 a month, Ctax £100 ish water??? no idea. landline/2 mobiles/net another £60 minimum contents insurance £15. would travel to work costs increase?? so by my count you have £145 left to do other stuff like replace broken items, clothes, entertainment, cover the months dogs cost more than £50 not to mention if your £400 a month 'wage' disappears then you can barely meet loan food and rent and have zero for utilities and counciltax.

In myy opinion No you can't afford it, you should look for a more stable possibly better paid job first

Sid_Wolf

My work is likely to go full time in the next 6 months or so As my boss is looking to add chinese food too (i work in a chippy) and we're getting more trade recently too so im hangin on here till it does or I get told that it wont be (he's said it probably will, im the only other staff member)

My other option is to run my own chip shop (been doing it for years lol) but thats unlikely lol

Wouldnt have sky, and we'd use our mobiles for any calls, only reason we'd have a landline is for the net

Moglet

I think if you found somewhere cheap to rent, you could do it. I used to run my house, car and cat on just over a grand a month salary but I was living in a council place with much cheaper rent than £450 a month.

It was hard though with not a lot left for luxuries.

Accountant_Kerry

you won't be able to be picky, i rent and have a dog it is difficult to find somewhere and they are never the nicest places. 1 dog gives you a lot more options than 2, 2 is VERY hard, 3 is virtually impossible.

serious_saver

The dogs will probably be a big problem. A friend of mine had to move to a different city in order to find a place in her price bracket that would allow her to keep her dog

Jowo_2

Sid_Wolf wrote: »

..We want our own place, rented. together we get around £1200 a month minimum. Our outgoings are:
phone contracts: £100 max
loan: £100
dogs: £50 minimum
shopping: £100 max

No social expenses, no travel costs?

Download the Budget Planner from the free tools section of this website and this will remind you of your full potential expenses.

For example, £100 pcm for council tax, 80 pcm for energy, £20 water, £20 insurance, £30 tv/telecoms broadband,plus rent, food and so on.

You will need to have the approx equivalent of around two and half month's rent for the deposit, month's rent in advance, removal costs and agency fees.

Sid_Wolf

Jowo wrote: »

No social expenses, no travel costs?

Download the Budget Planner from the free tools section of this website and this will remind you of your full potential expenses.

For example, £100 pcm for council tax, 80 pcm for energy, £20 water, £20 insurance, £30 tv/telecoms broadband,plus rent, food and so on.

You will need to have the approx equivalent of around two and half month's rent for the deposit, month's rent in advance, removal costs and agency fees.

Na we dont tend to go out much, I rarely drink, neither does OH, maybe a beer at home max really. If I go out its with my 'dog friends' so just a trip to the dog park lol.

Depends on where we move to, OH bikes to work, and I walk, if its further away from work i ill have to bus, but OH will still bike. We dont have a car or anything else motor powered lol

We do smoke, but thats accounted into our shopping

Sid_Wolf

Right thanks for the replies guys, me and OH had a chat after his work meeting last night and it seems hes gunna be written into a 40 hour contract, which is brilliant :j

We're thinking of doing what a previous poster suggested and sticking it out for as long as possible here and build up our credit ratings, and also put away £500 a month. With a view to buy our own house in the next 4-5 years, by that time the loan will be gone too!

I am gunna start putting my wages in the bank at the end of the week, so that when the checks are done they will see that money goes in and out of my account. Then we will put money in a high interest savings account each month

And if we cant hack it here for that long, at least we should have a big rent and furniture fund!! :rotfl:

neas

No car? Petrol?

How much is the loan for as well? As that will always be there chipping away your income. How much savings have you got at the moment?

A clear indiciation if you can afford to move out would be you'd have approx 200-300 quid per month saved up in excess income over the period you rented. (So at least a couple of grand saved with living cheaper with family).

If you aint got this saved up and are in debt (loan) then i'd be worried about increasing your outgoings.

When we bought our home we lasted as long as we could (couple of years) in the cheapest rental possible.. scrimping, saving, working overtime etc to get a deposit. Now we are in our own home with a mortgage.... which if i wanted i could have dogs etc.

Just try and last it out and get saving.

nomoneytoday

IMHO it's just about doable - but will be quite tight unless your income goes up