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How do I move out from parents?

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Comments

  • tlc678910
    tlc678910 Posts: 983 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    edited 7 July 2016 at 12:08AM
    Hi OP,
    As you are fairly content at home I think your best bet is to stay as you are for the moment and put all your energies into your career. It is great that you work for an employer where opportunities regularly arise.

    I would even say don't be afraid to take a step down in money in the short term if something comes up with great prospects e.g. roles where the council will sponsor you through training such as accountancy, planning, housing management etc. My brother took a pay cut to work for a housing provider but the role sponsored him through some sort of housing diploma and then degree and with each step of qualification came rises in the thousands so now he earns much more than in his old job.

    You mention you don't have "education or qualifications" put some energy into getting some at night class - particularly if you don't have English and Maths qualifications (they are required for so many roles) or if you do is there anything at night class relevant to your role now or an area you would like to work in. At interview having done something like this under your own steam will help you to shine.

    I do think it is very hard for young people to afford to move out. Perhaps you will feel comfortable to share with friends if they move back after university? I hope prices will now fall a little and that this helps out our youngsters (my house is still worth less than when we bought in 2007 after the last house price drop :rotfl:)

    Good luck op
    Tlc

    Edit: ignore spiteful comments and don't let them get you down. You are only young and doing great! if you are comfortable at home it is better to be there and able to afford a night out or to visit your friends than struggle alone and get in a pickle. (referring to the person who has managed to be offensive in their very first post?!)
  • onlyroz
    onlyroz Posts: 17,661 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Regarding the car, Peugeot offer the 108 on their "Just Add Fuel" deal to 18-year-olds, which includes insurance and servicing. Or you could rent a room closer to the centre of Cambridge and walk/cycle/bus into work and ditch the car completely.
  • TBagpuss
    TBagpuss Posts: 11,237 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    talk tpo your paretns. If their aim is to get you to budgt, askthem whether they would be willing to reduce the amount they charge you if you were putting the diference directly into a HTB ISA. That way, you would still havethe same amount going out each moneth, but you would be saving for a deposit.

    I agree witht he suggestions to look at ways of cutting the cost of your car, and of looking for properties which are either closer to work so you don't ned a car, or further out of the city so that costs are lower.

    Obviously we don't know your medical issues and how much these would impact on your ability to share a house - most people do tend to start out in a shared house, it may be worth thinking baout what you could and couldn't manage, and also checking out what, if any, help you might be entitled to.
    All posts are my personal opinion, not formal advice Always get proper, professional advice (particularly about anything legal!)
  • DRFC1879
    DRFC1879 Posts: 101 Forumite
    You seemed fairly dismissive of the second job idea but it's not a bad idea.


    If you could do a couple of shifts' bar work on weekends you'd probably earn £40 or so after tax. Over a year that's north of £2k you'd be able to squirrel away on top of anything you're already saving. With your mates all being away at university it's a great way to increase your social circle too.


    I went to uni but worked an office job Mon-Fri and bar shifts evenings and weekends in the holidays and although it was hard graft I really enjoyed it and found that because I was always at work I wasn't going out squandering my cash!


    Also, I'm a petrolhead so I totally get your attachment to your motor but for a short-term solution it really is worth downgrading for a couple of years. Dunno what you're driving/what it's worth but if you could sell your car for a few thousand and pick up a little runabout for a few hundred quid any disappointment would surely be outweighed by the fact that you were parking it outside your own place!
  • chelseablue
    chelseablue Posts: 3,303 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I had a second job when I was saving for my first place


    My full time job was 08:30 - 5pm, then 2 evenings a week I did 6-9:30pm on a supermarket checkout, I also did 12-8 on a Saturday (plus Sunday's if there was any overtime going)


    I used to take home about £400 a month from the second job.


    I didn't move out of my parents house until I was 27, they only charged me £150 a month so I was able to save quite a bit every month.


    If I was you I would definitely consider a second job, and spend a few years saving up, there's plenty of time to be saddled with a property
  • megaginge
    megaginge Posts: 363 Forumite
    £200/month on a car is ludicrously cheap for any serious kind of mileage, not sure what people are getting at.

    MOT £50 a year
    Insurance for a 21yo likely 1200+/year
    Servicing £300/year
    Tax maybe £200/year
    Fuel at assuming 35mpg and 10,000 miles a year(average) at today's petrol prices would be ~1300 litres so £1500/year, give or take

    If the car ever breaks down thats an extra cost. New tyres maybe too?

    Pessimistically minimum cost is £3250/year so 270 a month and that is presuming the car is free and won't need replacing. If you add in a depreciation cost based on a flat depreciation model and assume car was worth £4000 (not unreasonable) when purchased and will be sold 5 years later for £1500, that's another 500 a year to try and save to ensure a new car can be bought when it has moon miles... Which makes total monthly spend 320 ish per month.


    Just one example. Be realistic when plotting expenses.

    Can you afford to move out?

    If not - keep saving, and try for better work.

    A studio flat might be best bet

    That or accept you'll need to house share be it with a friend, random, or partner. Many do.
    Hello There. :beer:
  • 1886
    1886 Posts: 499 Forumite
    edited 9 July 2016 at 1:31PM
    You're nineteen years old, say that you're fairly content living at home and have a salary of £21k.

    My advice is that you continue to live at home for the foreseeable future whilst trying to save as much money as possible for a deposit.

    You are still very young, you may think that you're not but you are. Instead of thinking about buying a house/flat or renting one put some of your focus on enjoying life.
    When I say save as much money as possible for a deposit, I mean that at the same time you should have money to buy yourself nice things from time to time and have nights out.

    I'm 37 and married. I own my own house with my wife. One of the best things I ever did was to save money when I lived at home and this allowed me to have a large deposit to buy the house. If you move out now you'll really struggle to save any money.

    Don't wish your life away otherwise before you know it you'll be sixty and think back to the youth you never had.
  • anotheruser
    anotheruser Posts: 3,485 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper I've been Money Tipped!
    kmb500 wrote: »
    ...I would just estimate that if I was there for eg. 2 years I could move towards a job that's higher up than where I currently am...

    If you're not interested in looking for love / having much of a social life / starting a family, then why wait 2 years?

    Watch the Apprentice - become one of those career people and tell your line manager you're interested in training in X area. Move upwards as quick as you can - stay at home while you do this, but try and put aside some money monthly (like the help to buy ISA).
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