moving out of my parents house

thegreenone

I'm going to buck the trend re car insurance.  The OP is 18 so yes it's going to be that much but next year it should be half and then less.  The first year is tough but having a car opens up lots more job possibilities in the future.  Been there and got that t'shirt with myself and youngest son.

OP, if you have £420 a month left over, how come you are empty-handed after pay day? 
Do you spend all that on food/going out/clothes?   Anything you can cut back on?   Not judging, just asking.
Can you find a better paid, single, job? 
Can you hang on at home just until your car insurance goes down, save as much as possible?
Start having a look at how much house-shares are in your preferred area and how to find one.  
Start making a plan and think positive.

Please could someone could post the link to the Statement of Affairs so that the OP could complete one for herself?

DullGreyGuy

Lisaharr1876 said:

Hi viewers, I need some advice.
Long story short I am 18 I live with my parents and i just cant do it anymore! I work two jobs one brings me home minimum £700 a month the other job is about £400. With them wages I pay £350 a month car insurance £20 a month tax £10 a month phone bill £200 rent to my parents that now leaves me empty handed. I have severe lack of freedom I can only see my partner of a weekend and after my day work have to come home and do they're daily chores witch I find unfair!
I have to share a room with my sister who is also a teenager that then gives me no privacy at all .
I need my own place so I can get on with my work as well as have my own life , I have asked them to lower rent given the fact i still have to pay for my own food and only stay they're 5 nights a week and it is a foul NO!
I pay rent to "help them" and to have an easy life yet we never have anything we need and nothing I do is good for them.
Does anybody have any advice please on how I can make my situation ? I do not want to go down the temporary accommodation route as it will affect my working hours and then I will have a worse situation.
Thank you to anyone who took the time to read and reply to this post.

What advice do you want?

If you dont want to live there find somewhere else to live but unless you live in a large town with lots of young people or are willing to live in a very rough area your rent will almost certainly go up from £200. Renting just a room in a house normally includes bills, so at least you get a single price to pay but were you to jointly rent a property instead then rent will be a touch lower but you'll have council tax, water, gas, electric, insurance etc to pay on top of the rent and that will be based on use not an arbitrary number.

Being 18 youre unlikely to have much credit history so, rent a room you'll may be ok for but as a group wanting to jointly houseshare you're likely going to be asked for a guarantor unless you have enough savings to pay for 6-12 months up front. 

Caz3121

have a look on spareroom.co.uk or similar and see the going rate to rent a room in your chosen area. You may have to factor in additional costs for bills on top of the rent unless they are included. (you will still need to factor in your food, phone etc) Do you have friends you could look to house share with or would you be looking to lodge with strangers?

It will give you an idea on how much additional income you will need to aim for to be able to afford to move out, maybe once your income has increased and car insurance decreased it will be doable.

You will sometimes see parents asking how much they should charge their children for board...one suggestion I have seen a few times is they should have one third of their income for board, one third to save and one third to have fun with...once independently living you could find you pay over half your income on housing costs

ReadySteadyPop

Caz3121 said:

have a look on spareroom.co.uk or similar and see the going rate to rent a room in your chosen area. You may have to factor in additional costs for bills on top of the rent unless they are included. (you will still need to factor in your food, phone etc) Do you have friends you could look to house share with or would you be looking to lodge with strangers?

It will give you an idea on how much additional income you will need to aim for to be able to afford to move out, maybe once your income has increased and car insurance decreased it will be doable.

You will sometimes see parents asking how much they should charge their children for board...one suggestion I have seen a few times is they should have one third of their income for board, one third to save and one third to have fun with...once independently living you could find you pay over half your income on housing costs

With a recent mortgage almost certainly, depending on where you are comfortable renting probably less.

Myci85

Car insurance at your age is extortionate, but yours sounds even more so. My son last year was paying about £180 p/m on new driver insurance. We spent a looong time researching different cars and putting them into compare the market to see which was more affordable in insurance. And as his first car was nothing special, he only had third party fire and theft cover that year. I would recommend looking at selling your car for a cheaper car to insure as you could halve your monthly cost. 
In terms of moving out, there really are no cheap ways to do this anymore. Probably the cheapest is to become someone's lodger, but you would at least have your own room then and more independence as not living with your parents. You would of course still be living in someone else's house so have to respect their rules, still paying rent, still having to buy your own food etc etc. 

Bigphil1474

A few unfair comments on this thread. If she needs the car for work, then getting rid isn't gonna help. An 18 year old could well be paying that for insurance if they've only just passed their test. Obviously, if it isn't needed, get rid for now. The OP also stated that she had to still pay for her own food and by the time you take into account miscellaneous costs, it doesn't leave much, and is only home 5 days a week.

OP, you are basically not earning enough to get your own place, and maybe not even enough for a room. Not sure what the issue is with your parents, but £200 a month for a room you share with your sister which only covers basic costs and is only for 5 days a week seems a bit stingy. Appreciate people will say there are extra costs like gas/elec etc. but I doubt they will add up to £200 a month in these circumstances. You say you only stay there 5 days a week - what about the other 2? Any chance of extending that? Do you have any good friends with a spare room who might be willing to take you on as a lodger? When our 30+ year old daughter had to move back in for an extended while a couple of years ago, she offered to pay rent, we said no and just asked her to pay towards the extra food costs, as everything else was pretty much the same anyway. Unfortunately, you can't choose your family. 

Auti

@Bigphil1474 - I understand where you are coming from and agree re car. The only thing I would say is it may depend on parents income source as to whether they can afford to not ask for a contribution. Some benefits deduct for non dependent adults - I think maybe a good chat with parents and working out a budget might be a good idea and maybe other 2 are with partner

ReadySteadyPop

Claddagh_Noir said:

I agree with Ablermarle.  I find that if you are paying more for the running of a car over your rent / mortgage, it does not make financial sense.  It is like owning a Bentley or Ferrari when you are homeless or paying rent. 

If you are spending £350.00 a month on car insurance alone, that equates to £4,200 per year. That would be a nice start towards the deposit for a house and if you could bear it by staying at home for as long as possible, it could be a nice little nest egg.  Are you managing to save anything at all?   If  not, you really should start.  I am not sure if personal finance is on the curriculum at school / college but it really should be! 

When you say you are 'helping your parents out' it  must be because you are now an adult so they have declared you on the electors register and have lost their child benefit for you because you have come of age?

Debt based financial system wouldn`t work so well if people were clued up at school! The first thing I would ditch in this case would be the car insurance, get a job closer to home if need be but that money is better in savings/investments than the bonus pot of a multi-national company.

Section62

ReadySteadyPop said:

Claddagh_Noir said:

I agree with Ablermarle.  I find that if you are paying more for the running of a car over your rent / mortgage, it does not make financial sense.  It is like owning a Bentley or Ferrari when you are homeless or paying rent. 

If you are spending £350.00 a month on car insurance alone, that equates to £4,200 per year. That would be a nice start towards the deposit for a house and if you could bear it by staying at home for as long as possible, it could be a nice little nest egg.  Are you managing to save anything at all?   If  not, you really should start.  I am not sure if personal finance is on the curriculum at school / college but it really should be! 

When you say you are 'helping your parents out' it  must be because you are now an adult so they have declared you on the electors register and have lost their child benefit for you because you have come of age?

Debt based financial system wouldn`t work so well if people were clued up at school! The first thing I would ditch in this case would be the car insurance, get a job closer to home if need be but that money is better in savings/investments than the bonus pot of a multi-national company.

Depends entirely whether the car gives access to employment paying far more than what might be available locally, or to people without a form of personal motorised transport.

Obviously ditching the car insurance without ditching the car would be a very bad idea.

Without knowing more about the OP's circumstances some of the suggestions offered in this thread as advice could be described - at best - as somewhat unwise.