Can I afford to move out?

Author
Discussion

Georgiegirl

Original Poster:

869 posts

216 months

Saturday 15th August 2009
quotequote all
On a grand a month? Renting not buying, flatmates not an option as I'm an incredibly horrible and intolerant person!

Eggman

1,253 posts

218 months

Saturday 15th August 2009
quotequote all
Do you like beans on toast?

A Scotsman

1,000 posts

206 months

Saturday 15th August 2009
quotequote all
Short answer would be yes but probably not anywhere as nice as where you currently stay. Assuming you don't currntly stay in a sthole that is.

shirt

23,436 posts

208 months

Saturday 15th August 2009
quotequote all
is that £1k a month net?

i'd say just about doable. i have a friend who earns £18k gross [so prob £1200ish/mth net] and she manages to live in london w2 on that. shared house but thats still £500/mth + bills.

you can forget running a car though.

nicky.mattsson

2,637 posts

207 months

Saturday 15th August 2009
quotequote all
HOW MUCH??

Times must have changed, when me and the now wife first moved out we had my wage of £800 a month to last us and we had a car. This was 6 years ago though.

If there is one thing i have learnt from the wife its just to bite the bullet and do it, you will manage some how. We did and now we own 2 properties and have a nice standard of living, not bad for 26 with no silver spoon or handouts.... apart from not having loads of nice cars of course, but that will come! tongue out

Edited by nicky.mattsson on Saturday 15th August 17:27

bint

4,664 posts

231 months

Saturday 15th August 2009
quotequote all
I should coco.

Left home at 18 (13 years ago now *gulp*) and took home £600 net and paid rent of £230 in a bedsit in a village just south of Cambs.

Admittedly I had no debts then, but 2 years later, slight pay increase but still not £1000 a month, I had an additional £150 for car payments a month and still coped.

You'll be fine.

HRG.

72,857 posts

246 months

Saturday 15th August 2009
quotequote all
Georgiegirl said:
On a grand a month? Renting not buying, flatmates not an option as I'm an incredibly horrible and intolerant person!
Yup, bang it all in a spreadsheet to be certain biggrin

deevlash

10,442 posts

244 months

Saturday 15th August 2009
quotequote all
if thats net then yeah.

annodomini2

6,908 posts

258 months

Saturday 15th August 2009
quotequote all
Depends where in the country you live,rents vary and depends on the standard of living you want.

You could do it, but you will obviously lose out elsewhere, with your cash going on rent and bills etc.

bimsb6

8,164 posts

228 months

Sunday 16th August 2009
quotequote all
damn i was hoping this was a thread from my lad .

Amused2death

2,502 posts

203 months

Sunday 16th August 2009
quotequote all
bimsb6 said:
damn i was hoping this was a thread from my lad .
WHAT?????

You called your boy Geordiegirl?

What a rotten parent biggrin

ridds

8,285 posts

251 months

Sunday 16th August 2009
quotequote all
Just I'd say.

I have a 1 bed flat on the south coast and my mortgage, bills (broadband Sky etc) and yearly dues (maintenance of the property as it's leasehold) is just about covered on £950.

Then there's food, fuel, and all your other expenses on top of that.

You could do it but if you have nothing left after that £1000 it wouldn't be fun.

bimsb6

8,164 posts

228 months

Sunday 16th August 2009
quotequote all
Amused2death said:
bimsb6 said:
damn i was hoping this was a thread from my lad .
WHAT?????

You called your boy Geordiegirl?

What a rotten parent biggrin
not my business what he calls himself on here .lol

dirty boy

14,745 posts

216 months

Monday 17th August 2009
quotequote all
You could rent a half decent 2 bed terrace in the town centre where I live for maybe £400 per month.

Rent £400
Council tax £75
Gas/Elec £60
Water £18
Sewerage £20
Telephone £20? (mobile?)
TV Licence £12

Total £605

Car?
Food?
Entertainment?

And this is in the cheap part of the UK




mk1fan

10,648 posts

232 months

Monday 17th August 2009
quotequote all
Where in the country? Some places are easier than others but you'll need to make sure you're realistic about what things you want to do socially. Then realise that you won't be doing them. Long term though it'll be worth it.

okgo

39,305 posts

205 months

Monday 17th August 2009
quotequote all
Good lord, this thread needs some clarification.

This grand? is that your wages or what?

Where in the world do you need to be?


fido

17,274 posts

262 months

Monday 17th August 2009
quotequote all

friend of mine just about manages on £1500 a month, studio flat in expensive Putney .. £1000 is probably do-able somewhere cheap, but as a rule you need bare minimum (rent + £600) a month, so i'd probably house-share on that budget.

okgo

39,305 posts

205 months

Monday 17th August 2009
quotequote all
If you earn 1k a month then no you can't do it on your own in London.


Munter

31,326 posts

248 months

Monday 17th August 2009
quotequote all
Just how minging do you have to be to avoid house shareing!

I mean as a student I lived with a guy who would drink 4 liters of white lightning and a bottle of cheap vodka of a friday night and piss himself sat in HIS chair in the living room. And he still found people to live with the next year.

Keep your mess in your room. Only use your stuff. Be the 1st to pay your share of any bills. Bish bash bosh you are a good housemate.

bazking69

8,620 posts

197 months

Monday 17th August 2009
quotequote all
I don't where you live, but down my way a manky studio flat in a dodgy part of town starts at nearly £500. Put all your taxes, services and bills on top of that and you are heading towards £800 a month easily.
£200 a month to live on isn't really alot, and that is without luxuries like a social life and a car...