14-01-2013, 05:39 PM
(14-01-2013, 02:32 PM)C.A.R. Wrote: I'm sure there was a thread on this just the other day.
The problem is that I support a small family so it would be very difficult in your circumstances. I put aside £1,000 a month for rent / council tax / bills. Mrs pays for the food etc. which is approx. £45 a week (cos of the baby - before it was £30 ish). We live well though, we rarely go without which is nice.
I would urge you very strongly not to blow the inheritence on the rent, it's just silly. You'll need 4-6 weeks rent up front for a deposit - put it towards that if you can't raise the funds in any other way. If you're not disciplined enough then you'll find yourself being evicted 4 months down the line because you can't afford rent, and when your poor old nan does pop her clogs you won't receive a penny.
Why didn't you go to university? It sounds like it could solve a helluva lot of your problems in one move.
If you were talking about Kent's thread it just ended up as an argument about benefits didnt it?
I expect (well, hope!) things would be cheaper for me seeing as I dont have a missus or a baby, but atleast thats a figure though so gives somewhere to start.
I am extremely disciplined with money, I managed food and fuel off small amounts of money when I had to give up my job - (went from ~£100 a week to £30ish!). I dont buy unneccessary shit that isn't needed. And most of the time I'll mull over the cost of something 'extra' so much that I end up deciding not to go ahead with it (remember the xbox thread a couple of weeks back...yeah, I didnt get one). I don't mind going without things at all if I end up in a better situation than I am now (although tbf, I buy so little I cant imagine anything I'd need to go without lol) BUT it's things like bills that may be harder to 'cap', but that said I don't really use much water or leccy as I've been brought up not to waste it. Oh and my mobile phone bill - £10 every 4 months lol.
As long as I can get by and can be comfortable and above all RELAX somewhere on my own I'm not at all bothered by luxuries, except maybe bog roll that isnt made of sandpaper haha. But really, if I can do this and it allows me to get into a job that would be a massive acheivement that I cant see occuring in any other way.
Yes the deposit costs a lot, and rent obviously isn't cheap, but the potential difference that it'd make to me and my situation would be huge, it's a bit frustrating that I can't really explain to you why that is though.
If however, I made a complete cock up and realised say 2 months in that I couldn't sustain it then I'd have to take it on the chin and pull out before using all the money. People are always telling me to take oppertunities and try new things....I guess this is something I shouldn't just chuck away.
There were lots of reasons I didn't go to Uni - Im not smart enough, I'm not interested enough in one subject, I don't see myself ever doing a job where I'd need a degree - So I wouldn't just go to Uni for the sake of it, using tax payers money to fund my moving out. And obviously the travelling wouldn't work for me, and I wouldnt be at all interested in the social aspect.
(14-01-2013, 03:13 PM)C2K Wrote: Tom,
With regards to bills you have to think about the following, this is a guide based on my circumstances in a 3 bed semi.
Gas and Elec - £55 per month with dual fuel discount
Water - £18 (on a meter, was 65 in my last house on rates so be careful)
Home insurance - £20
Council Tax - £110 with single occupancy discount - £83
TV License - £13
Internet/House Phone - £25
And of course Mobile Phone, Mortgage, car insurance if you pay monthly.
As Chris says it's normally 1.5 months rent as deposit, and first months rent up front so you can very often be laying 1K down up front.
Thanks for that Simon.
Your gas and electric seems high for one though doesn't it? But then I suppose it takes a fair bit to heat a 3 bed house and heating is the biggest drain afaik. Then the washing machine/dryer or oven I guess. We don't have gas here, but I think they do in town where I'd be moving to.
The other things dont seem so bad though, except the council tax, I'm not sure how it works, I see you pay less for signle occupancy, do you pay less if you live in a smaller house as well?
As said above, mobile phone bill is like £40 a year, if that haha! Always use email or facebook chat where possible, free things ftw...
Car insurance is paid yearly, still from savings from when I was at college (EMA/bursary) and work (doing more overtime than my guts could handle). Theres enough to cover insurance for two years, plus any 'fixing' bills and stuff like tax..oh and of course its making interest too, at like 1% haha. The only thing I'd need to worry about is fuel, but I'd use a hell of a lot less fuel living in town anyway. So that gives me some sort of 'buffer' that I know even if I have no spare money to start with, the car is sorted for a bit, and also if I really got in the shit I could use that to get myself out, but thats only for emergency use though really. Obviously the aim is to get into a job where I do earn more than I need and can shove it back into the savings account, but I know that wouldn't happen immediately.