Can't seem to balance the cost of renting on 22k

LittleMissAspie

Well he's just got a pay rise so he's heading in the right direction. You really don't need a car in South East London, the public transport is excellent.

OP you will also need £75 for groceries and £12-15 if you want a landline.

JoJoArmani

is the £120 energy bills perhaps taking into account food bills? (in some kind of odd way? lol)

Phirefly

LittleMissAspie wrote: »

Well he's just got a pay rise so he's heading in the right direction.

Thats true, My comment was more general really

macdaddy_uk

Hey.. Thanks for all the advice and suggestions. I've decided to let go of the wheels for and use that money to enjoy life more. Its mega hard trying to balance money in london, surly on a decent wage people can still have the things they want.

kunekune

Yes, but in London I'm not sure that's a decent wage. It sounds nice, but really it isn't a lot of money. Just wait, it WILL get better as you get older and have more experience and your wages get higher.

KiKi

Yeah, £120 is FAR too high for energy. I pay £36 a month for gas and electricity in a 2-bed flat. Water is £12.20.

As others have pointed out, you're missing some other key bills!

HTH.
KiKi

lil_me

Crikey those costs are low, my G&E in a 2 bed flat 10 years ago was £45 a month. I can't remember what the water rates were there but mine here is nearly £40 a month.

Consider sharing rather than renting alone.

Andy_Hamilton

So your paying £444 just to get around and keep a car going?

You have to make a decision; If your happy paying the £444 then reduce the amount you are paying for a roof over your head buy looking at house sharing etc.
If you want to reduce your "getting around" costs could you look at moving closer to work/where you travel to the most? also consder selling your car and joining a car club. You get the use of cars (probably better than your current car and definatly better than mine) This will definatly be less than your £275 per month if you only use it from time to time.


I don't know if you have mixed up council tax with energy but as said above energy should cost around £40-60 per month and water £10-45 depending upon if you have a meter.

Elliesmum

Hi there

I've just plugged in your new salary into a tax calculator and it says you should get £1400 a month. Do you pay towards a pension? If not then you have a little bit more money a month to play with!

HTH's EM xx

Wage Summary Yearly Monthly Weekly
Net Wage77% £16,867.60 £1,405.63 £324.38

macdaddy_uk

Elliesmum wrote: »

Hi there

I've just plugged in your new salary into a tax calculator and it says you should get £1400 a month. Do you pay towards a pension? If not then you have a little bit more money a month to play with!

HTH's EM xx

Wage Summary Yearly Monthly Weekly
Net Wage77% £16,867.60 £1,405.63 £324.38

That figure is correct for my wages, but however I have to repay my student loan being taken from my wages as well. Thought 22k was a decent step up from 19k but i was wrong. At least 24/25k and you are just about ok for living as a single young professional only a year out of uni. Tried looking close to work, but as I work in central London, you need mega bucks to find a decent studio if that. £600 for a 1 bed flat is a good price in south london, was initially looking for a studio and thought why pay £600 for a studio when I can get a 1 bed.