I'm earning £1300 a month, will I survive on my own.

nasim19

Hello everyone

I know it may sound silly but I really need some advise:
I have decided that I finally want to move out. I earn £1300 minimum every month my biggest expense is my car £300 a month for loan and insurance.

I have worked out after my rent n car expenses i will be left with £400 for everything else.
Is that enough?

Thanks

dawyldthing

You need to work out what you need and what's a must each month. I live on less than £400 a month but I don't drive a car, use the bus and don't buy new clothes that often. Others might do it completely differently and spend £400 in a flash

dawyldthing

It's like everything - you need to plan

Marvel1

Yes I have roughly less after, been doing it 9 years.

glasgowdan

I'd look for cheaper rent or a flat share for a while. But yes you'll manage on that if you're careful. I was on 950 when I first moved out.

Go for it...life is too short to stay with mum and dad!

LandyAndy

Can you cook? Making your own proper meals can be a big cost saver as well as being good for you.

davilown

£400 is enough but is even easier when you can cook - £30 a week on shopping will provide you with some good meals that you can batch and freeze (i.e. Bolognese costs about £4 (mince, sauce, pasta though a home made ragu is slightly more) and will split x 4).
Going out - don't buy rounds or if you do just have 2 or 3 people in them, many a time I've spend £50 on a round for 10-15 people only for them not to buy one back...
Charity shops for furniture as well as free cycle - just because it's not new or looks old fashioned dent mean it won't do its job perfectly well.

Lauralou79

Depends on what kind of lifestyle you lead and what you are willing to cut back if needed. If you for example shop a lot, socialise frequently or spend money on technology sometimes things have to give so that you can pay your bills and buy food. Or you have to learn to budget and save for the things you want. ( try not to go down the too much credit route, you end up with even less money money to month!) Alternatively you may be a homebody with very little interest in spending much money. Moving out and learning to budget yourself and your lifestyle can be a learning curve but totallyworth it in the end.

marliepanda

You say £400 after rent and car expenses.

Does this mean out of the £400 you are paying council tax, utilities, internet, food, petrol, any mobile phone bill, contents insurance?

I'd say it's not enough at all...

maisie_cat

£400 left over is plenty, I lived for a while on £100 month after bills & cutting food bills is easier than most things.
I found that going out less wasn't necessarily understood by friends with more disposable income, but the freedom is worth it.

getmore4less

DO full SOA for now and moved out.

Where is the 1300 going now that's your starting point because that is what will change.

If all £1300 is going on spends and you have a new one like rent what will you be giving up to pay that rent.

The trick then is to practice as if you had moved out, which usually means saving money as the costs at home get replaced with bigger costs and you need to save the difference and life off what is left.