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Moving out on a low budget
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It's tough all round for a lot people of any age, degree or no degree. Sit tight and get some savings behind you. You'll need to come up with a month's rent plus a month's rent as a deposit in savings at the very least. Plus, the minimum term for most tenancies is six months so it would be sensible to have that much stashed away before you flee the bosom of your family and strike out on your own.0
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mostlycheerful wrote: »There’s also a downside to squatting with lots of junkies, psychopaths, “gangstas”, foreigners and scum breaking into people’s houses while they’re away for the weekend or on holiday. So educate yourself and find out what’s doable and ok and what’s not doable and what’s bad news. If going in this direction then hook up with the scene, with the rich hippies and artists and musicians and cool people and such like and then you should have a great time and lots of good experiences. .... Of course, watch out for the loonies and thieves and particularly the diseased sex mad gurus and violent druggie psychos on the rob. Unless, perhaps, you’re an anthropologist and social worker or observational writer on a field trip and are attracted to that kind of thing.
Good luck.
I've selected this piece as I'd hate people to have missed it0 -
I want to move out on my own, but so far, I'm at a complete loss to explain how people manage to run a house, (and a car and sometimes a kid), on less than what I earn. How do I make £775 a month stretch to £350 rent, plus heating, lighting, water, council tax, food, phone bill internet subscription?????
Very easily I'd have thought:
Rent : £350
Council Tax: £75 (single person discount)
TV Licence: £12
Gas/Electric: £50
Water rates: £20
Leaves £268 for food and phone/internet. £20 a month should see you with a phone and broadband package. Food will be less than £50 a week - its only £100 tops for our family of four.0 -
Very easily I'd have thought:
Rent : £350
Council Tax: £75 (single person discount)
TV Licence: £12
Gas/Electric: £50
Water rates: £20
Leaves £268 for food and phone/internet. £20 a month should see you with a phone and broadband package. Food will be less than £50 a week - its only £100 tops for our family of four.
so 268 less 20 internet less 200 food = 48 per month
the 48 per month will include clothes, going out, the odd coffee, a hair cut occasionally, a holiday fund, any travel costs, the odd birthday/xmas present
not a very attractive proposition
best if the OP starts to save up the equivalent of her rent, utilities etc for a year and see how she gets on0 -
I'm looking to move out of my parent's home soon, but despite being employed full time, in a reasonable job, I can't even make my wages afford a one bedroomed flat!
after tax, I earn around £775 a month. Recently, I did a budget and living at home, my basic outgoings are around £320/month. I don't own a car, my primary means of transport is my bicycle (which I must admit, I do feel justified in splurging on, from time to time), and most of my outgoings are luxuries I could quite feasibly live without.
I have a boyfriend (of far too many years!) who wants the barbie dream house, all the cars and shelly too, but I'm sick of waiting for him to wake up and realise that that's not going to happen - so him moving in with me can't be relied upon.
I want to move out on my own, but so far, I'm at a complete loss to explain how people manage to run a house, (and a car and sometimes a kid), on less than what I earn. How do I make £775 a month stretch to £350 rent, plus heating, lighting, water, council tax, food, phone bill internet subscription?????
Hi OP, I think you could move out, but you need to find a shared place. Don't ever move in with your boyfriend. Despite the love, he clearly has no sense of financial issues and will drag you down at some stage due to over spending. The lack of dosh and finacial woes is not helpful in any relationship.
I truly wish you all the best as you sound like a level headed lass who wants her freedom. Don't despair if it doesn't come at first. Try again and you will get there.
"Life is difficult. Life is a series of problems. What makes life difficult is that the process of confronting and solving problems is a painful one." M Scott Peck. The Road Less Travelled.0 -
Am I missing something or would the OP get WTC being 28 years old and working full time? I mean £775/month after TAX isn't much more than minimum wage full time so I am sure they would get some WTC even if it was only £10 or £20 a week.I am a vegan woman. My OH is a lovely omni guy0
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Thanks Doom_and_Gloom. I checked on HMRC and I'd be entitled to £235 ish between now and April. So that'd help some.0
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I am 23 and have been living on my own for about 8 months now. I earn a little more than you (about 900 month after tax) but run a car and i manage.
You need to ask yourself if you are prepared to sacrifice buying new clothes (i tend to live from charity shops now) and going out regularly (i rarely go out). To me it hasn't been a big sacrifice because i love my own space so it is all worth it.
My outgoings are approx:
mortgage/service charge- 400
EON- 40
water- 17
tv licence- 12
internet/phone- 22
pet insurance- 10
petrol-120
food-160
gym- 17
Council- 98
I try and put 100 to one side a month for car tax, mot, service etc but doesn't always happen.
I live to a tight budget but it can be done, alldepends on your standard of living i guess.0 -
I agree with a couple above saying your wages seem very low... yet it sounds like you're in a decent job. Is your salary likely to increase drastically in the near future? What is your actual yearly salary? Are you sure you're not being horrendously underpaid? Maybe time to do a bit of job searching again, or at least job comparisons, in the New Year and get that salary up if you've got experience, skills, training and qualifications behind you now.
Hope things work out for you.
Jx2024 wins: *must start comping again!*0 -
Yes, now I've checked it seems my wages are very low - under half the average salary for the job I'm doing.
Anyway, when I calculated my monthly wage using this: Salary calculator I should be taking home nearly £100 more.
Can someone check how correct this calculator is, please? It looks like I might have more than marketing to discuss at my review next week.0
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