Time to stop sponging and start renting.

19lottie82

OP - I have re read your original post and noticed that you plan to get a flat with your friend in 4-6 months, this is a much more sensible plan, so what's the point in getting your own place and paying to furnish it for such a short period of time? Madness!

Again, rent a furnished room on a short term basis until your friend is in a position to move in with you....

liana_y2kuk

Overall Victory are you a troll?

Werdnal

liana_y2kuk wrote: »

Overall Victory are you a troll?

I had considered this too, but knowing the half-baked schemes some newbie posters tend to come up with, anything is possible here!

hazyjo

Why not, as suggested, house share until you can rent with a friend. Chances are you'll have to sign up to a rental for a year - maybe with a 6 month break clause if you're lucky - but that's not particularly nice for landlords. It costs them to get a tenant in, there's lots to be done and spent, and to have someone there for 6 months isn't really cost effective. If you know it's for such a short time, just house share! Nothing to lose then.

You won't be able to break a rental contract when you feel like it in say 4 months' time or if you can't pay the rent.

Also, why buy furnitire? Rent furnished. Do you really want to have to fork out on all that only to find it doesn't fit in the next place, or that comes furnished? No sense buying stuff for short term - especially not into the thousands lol! Ebay, second hand, beg or borrow. You do not need shiny nice new things for when you first move out, especially if you're looking at staying there short term.

Jx

cottonhead

Having read about your income and the estimated expenditure I wouldnt go ahead with your plan. I can understand life at home isnt great but it wont be great when you are stuck in on your own with nothing to do, no food and debt getting more and more. If you feel you really have to move out then why not start with a room and then when your friend is ready you can rent a flat together. Will be much more fun and half the cost. Going into something knowing full well you will get into financial trouble doenst make sense in the long run. I personally know 3 seperate people who have all just moved back in with their folks as it turned out after a few months they couldnt really afford to rent alone. Going back home after you have left is harder than staying . Going back home and having debt that restricts your next move is worse. If your home life is difficult right now then try and make it more manageble in the meantime. Could you do some volunteering or a second job to get out more ? Whatever you decide just think of the long term consequences. I didnt think when I first moved out and it meant that I struggled big time with debt a few years down the line.

Yorkie1

OP is determined to do it irrespective of anything we unanimously advise.

Nothing will contribute further to the debate.

I suggest we let OP continue with his plan as there is no point in contributing further.

amiehall

19lottie82 wrote: »

OP I have to agree with the others I'm afraid. On your wage you're really going to struggle. To expect to run your own home and a car on a 13k wage isn't realistic. You can't spend more than you earn that's a simple fact. What will happen when your savings run out? You also need money for unexpected costs that, trust me, WILL, arise.

Instead of slowly drip spending your savings that you have worked so hard for, why don't you make a compromise (or two)? Realistic ideas include....

- get rid of the car
- take on a flat share rather than your own place
- get a second job at evenings / weekends

I run a car and my own flat on £14k a year but I am a student and exempt from council tax. That said, the OP has a huge loan, has to pay council tax, and hasn't had time to get used to budgeting with their own house before. I first had my own whole flat when I was working full-time and overspent so so badly at first. You do get used to it though.

Li0nhead

Any update from the OP?

I really hope they did not go for it because going into it costing more than your earn is never going to work.

19lottie82

amiehall wrote: »

I run a car and my own flat on £14k a year but I am a student and exempt from council tax. That said, the OP has a huge loan, has to pay council tax, and hasn't had time to get used to budgeting with their own house before. I first had my own whole flat when I was working full-time and overspent so so badly at first. You do get used to it though.

But could you afford it if you earned 1k less (£63 a month), had to pay £150 to a car loan every month (presuming you don't have one at the moment that is) and council tax (lets say £80 pcm for talks sake??

So that means the OP is £293 a month worse off than you, thats' quite a big difference,

19lottie82

Li0nhead wrote: »

Any update from the OP?

I doubt it. I don't mean to be harsh but the op came across as one of those types who came on here looking for approval on a plan that was ridiculous, and then went off in a huff when they didn't get it!

EDIT Yup..... they've not been back online since the day of this thread (25/01/12)