Finances vs living situation (not sure what to do)

redrabbit29

I posted the other day regarding this, however would like to explain a bit more clearly now I've head time to think.

My situation is - i live with my GF. We get on OK, I love the house as it's in a perfect location, cheap rent (£750/month devided btween the two of us). We've lived together for about two years.

I have the opportunity to rent a bedroom in a house about 16 miles away (next to where I work). The rent is on a sliding scale. For the first 6 months I pay £195, next 6 months something like £250 and then £360 for the next 6 months. It remains at this level until I live. All the prices are including bills.

I really feel that I should be saving for a house.

The rent on the current house hasn't increased in the 2 years we've been here, and it's probably quite likely to remain the same if we re-new in about 2 months time. So is it worth moving out on my own (my gf would move back in with her parents just round the corner). I would save more money:

Savings NOW:
Spare money at the end of each month: £600

Savings if I moved out
Spare money at the end of each month: £950. Potentially more!

Obviously the rent for the new place would increase, but even if it were for a year, I could in theory save just over £11K. That would really help for a deposit on a house.

Any ideas? I am well and truely stuck to be honest with you.

PasturesNew

What's your gf going to do?

I take it she's not "the one" if you're doing this.

PasturesNew

If I weren't really into who I was living with I'd go for the house for the following reason:
- it's cheaper
- it's closer to work, so saving at least £5-6/day in commuting; £100-120/month
- can get to work if the car breaks down
- can squirrel away money for the next 1-2 years then see where I'm at in life
- if I weren't really into that last person/relationship, a bit of distance is always a good thing

SquatNow

If you move then you have to accept that your entire sex life, as well as any relationship with your GF, is effectively over.

We can't tell you whether to dump your GF.

If you still like her then stay where you are.

If you don't like her then dump her and make a clean break. Don't pusyfoot around making out it's to "save money".

redrabbit29

PasturesNew wrote: »

What's your gf going to do?

I take it she's not "the one" if you're doing this.

GF would probably have to move back in with her parents. Although that wouldn't be a major thing with her as she's always around there anyway.

SquatNow wrote: »

If you move then you have to accept that your entire sex life, as well as any relationship with your GF, is effectively over.

We can't tell you whether to dump your GF.

If you still like her then stay where you are.

If you don't like her then dump her and make a clean break. Don't pusyfoot around making out it's to "save money".

Sex life? What's that?

Joking aside, it's not necessarily about whether I think she's "the one". I don't want to get married - just not into that. If I was to move out, I would still see her, and I would probably plan to buy a house and live with her again - only difference being is I would actually own it.

poppy10_2

Sounds like you are not serious about her. Be a man, end the relationship now and let her move on with her life.

PasturesNew

It sounds to me like you've made up your mind and you're just here to validate that.

Do it. But be mindful of the what you signed when you started to rent your current place. How quickly you can get out of it. Did you sign an AST or are you on a periodic agreement, when can you give notice and how much notice do you have to give.

If on an AST you'd still have to pay rent where you are until the end date. If on a periodic tenancy then one full month's notice from the date of your next rent day.

Good luck.

Snooze

poppy10 wrote: »

Sounds like you are not serious about her. Be a man, end the relationship now and let her move on with her life.

I agree. We had this discussion only last week and I still don't understand the logic behind stopping living together if your relationship is supposedly rosy. If I were your chick I'd be wondered "!!!!!!?" at your plans, I know that much. :rolleyes:

Rob

redrabbit29

The decision is not so much whether to continue the relationship. It is whether to give up the house I really like, and living with her - but only for a period of maybe a year to save money to buy a house - possibly with her.

I do feel like I want to stay in this house, as I am happy, perfect location, great house, good rent, etc... but it will take a long time to save up for a house, and every month gone the house prices just rise, so it feels like I'll never have enough money.

flower_72

Just to see if I've understood this right:
you are considering moving to rent one room because it is a-cheaper and b-closer to work whilst your girlfriend goes "round the corner" to stay at her parents.
You're effectively wanting to increase the size of your bank account by putting distance between you and your girlfriend.
If we were talking about a house mate you had been sharing with, I'd say go for it.
If you want to get rid of your girlfriend (but want to keep her for a casual relationship/ shag when you need one - nothing wrong with that if she's aware and happy with the arrangement), I'd say go for it.

redrabbit29

flower_72 wrote: »

Just to see if I've understood this right:
you are considering moving to rent one room because it is a-cheaper and b-closer to work whilst your girlfriend goes "round the corner" to stay at her parents.
You're effectively wanting to increase the size of your bank account by putting distance between you and your girlfriend.

That was basically it. Save up for a deposit quicker so I/we can get onto the housing ladder. Remember it would be cheaper for her too, as she would undoubtedly have less outgoings living at home, even if it was just cheaper rent.