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How much rent is too much?
Comments
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What jackt90 said.
Are you planning to share or rent alone? I wouldn't rent by yourself. Share and save while you can. I made this mistake with a similar salary and ended up moving back into shared houses three years ago to scrape together a deposit. In my 30s. Hard when you've been accustomed to your own space but it's what I had to do. Stick it out now at home or sharing while you're young enough for it to be socially acceptable..Mortgage overpayments 2018: £4602, 2019: £7870
Mortgage overpayments 2020: £4620
Mortgage 2017 £145K, June 2020 £112.6k
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I think you'll be fine, I've lived alone paying a rent of £600 for the best of 3 years on a salary that was £18000 and has now risen to £22000 and paid of debts along the way. I feel like I live fairly comfortably, I don't struggle really each month for cash and now I'm even able to save.
ETA - I could not share with anyone, just haven't got it in me, I'd rather be a bit more skint and live alone than have to deal with living with someone else.0 -
Rather than looking only for one-bedroom places you could look for two-bedrooms and then you can choose when and if to share. It depends on your location but if you do live somewhere where there is little difference in their price (and the two bedroom is not a one bedroom without a kitchen or living room) that is a possibility. Sharing the bills very quickly more than makes up for a small difference in rent.0
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