How much does it cost to run a home?

j.e.j.

I can see why you'd want your own space and independence, but if your long-term plan is to buy a property it might be a good idea to stay put and save up. Putting some money away in the bank each month is preferable to giving £600+ per month to (ever-greedier!) private landlords, imo And usually in the private sector there's no security of tenancy, as most lets are short-term, as far as I know.

Also bear in mind that if you rent a flat there's the likelihood of noisy neighbours, etc and all the problems that go with it, too.

January20

Blue_Elephant wrote: »

Bit of both really. They've got better at the freedom thing, but given most of my close freinds don't live in the same town, if I invited them over it'd have to be with crash space and I don't feel like I can do that here. I have an ok social life with folk at work and the like, and go to visit freinds regularly, but it'd be nice to return the hospitality. I don't need a second job at the moment, but if I did move I'd want to move for a job with a better salary yes. I think I'd be pushing my luck looking for 2 new jobs in a new area though

Thank you for the advice on buying. I know all of that in my head but because the parents have gone on and on about their opinion on renting it's hard to shake off, like anything you've been brought up with I suppose. Food for thought

Have you thought that it's perhaps because they like having you around, for company or to keep an eye on you, or make sure you are safe that they've gone on and on about it?

Really, and this is just my opinion of course, good parents have a duty to equip their children to venture out in the world. My dd is 19 and she is planning to move out of my home to live with her boyfriend (they both live with me at the moment) and I will miss her and worry about her but it is what she has to do. She will be paying more in bills and rent, her life will be harder but as she says, at some point you have to take responsibility for yourself, and as a parent I have a duty to support her in doing that.

osian

Another thought, how much can you save when you're living at home? How long would it take to save up the desposit to buy a home?

I did stay at home to save when I was younger and we got a deposit together. I'm glad I did as it did get us into a good financial position.