Stuck at home with mum

the shadow · 24 Feb 2011 at 19:03

Tell em 18 years the doors would have been worn/torn by now

doiks14 · 24 Feb 2011 at 19:12

OldCoals said:
It is shocking just how easy it appears to be this day and age to escape your obligations.

As I understand it, Its not escaping your obligations.. It is simply there for buying yourself time and money to try and repay it at later stage once you're in a good and stable financial state.

I do not see the problem with that.

It's like getting Job Seeker's Allowance, sure it may be slightly degrading, but sometimes, Its the only way to actually manage in life until you find a job.

james.miller · 24 Feb 2011 at 19:17

sponge999 said:
Yes I know that, I could afford to live on my own no problem, It's just my mum cannot

on a grand a month ?

[TW]Sponge · 24 Feb 2011 at 19:30

james.miller said:
on a grand a month ?

Yeah, would have to be a cheap 1-bed flat though, or even bedsit. Doesn't really bother me that much as long as I have my own space. Not that much more expensive than what I am paying now living at home.

DM · 24 Feb 2011 at 19:36

You only get one mum, help the woman out, you got years to live on your own, and dont think you will be doing that very well on a grand a month.

K.C. Leblanc · 24 Feb 2011 at 19:40

sponge999 said:
Yeah, would have to be a cheap 1-bed flat though, or even bedsit. Doesn't really bother me that much as long as I have my own space. Not that much more expensive than what I am paying now living at home.

Have you done the figures, you say you're paying her £300 in rent. A basic flat will be nearer £400.

But then you need to add on the following;

Council tax, £65
Electric £20
Gas: £20
Water: £25
TV Licence: £10
Phones & Broadband: £20

You will also have startup costs as well. Agent's/solicitors fees, deposit, not to mention all the basic kit.

I'm not saying it's impossible, but it's not easy. The above are a rough reflection on my own finances. I'm now looking into lodging to save some money.

Fuzz · 24 Feb 2011 at 20:33

OldCoals said:
Rubbish.

Oh do be quiet if you haven't a clue...

Direct from Parliament.

4 The retail gas and electricity markets

64. Imperfections in the wholesale gas and electricity markets will feed through to the supply markets for domestic consumers and SMEs. Concern about rising prices in the retail sector first prompted our inquiry. In this Chapter we consider the factors behind higher retail prices for consumers and the different indicators of the level of competitiveness in the UK market.

Historic prices

65. In real terms, household gas and electricity bills have been rising since 2004 across all payment types.
The available data runs only to the end of 2007, so does not include the increases seen at the start of this year, which will have pushed total gas and electricity bills, in real terms, even higher.

The average current bill has risen year on year approx: Gas 15%, Elec 12%.

Danthus · 24 Feb 2011 at 20:40

Prices have gone up, not everyone is in debt. Some people are capable of managing their finances.

Fuzz · 24 Feb 2011 at 20:53

OldCoals said:
Prices have gone up, not everyone is in debt. Some people are capable of managing their finances.

Are you trying to be particularly obtuse here or what?

The thread is about the OPs mother who IS in debt for a start.

And as for :

Combat squirrel said:
What costs so much to live now ?

Me said:
electricity and gas.

You said:
Rubbish

Me said:
The average current bill has risen year on year approx: Gas 15%, Elec 12%.

You said:
Prices have gone up

Have a word with yourself and come back when you make some sense

doodah · 24 Feb 2011 at 20:56

Have you heard of PayPlan? Very good way of dealing with a lot of debt.

Danthus · 24 Feb 2011 at 20:57

Scubascorpion said:
Are you trying to be particularly obtuse here or what?

The thread is about the OPs mother who IS in debt for a start.

And as for :

Have a word with yourself and come back when you make some sense

The OP's mother has been through bankruptcy one already, I don't think I am out of line to suggest that utility costs are the biggest issue here.

Guest2 · 24 Feb 2011 at 21:00

I might have missed something in this thread but

no help from other borther/sisters?
any help coming in from dad/mums ex?
maybe your mum needs a job that pays more?
downsize house?

[TW]Sponge · 24 Feb 2011 at 21:02

OldCoals said:
The OP's mother has been through bankruptcy one already, I don't think I am out of line to suggest that utility costs are the biggest issue here.

It's everything pal, not just gas and electric. General cost of living eg. shopping, tax, rent, and of course the debt she's in.

[TW]Sponge · 24 Feb 2011 at 21:02

xibinim said:
Have you heard of PayPlan? Very good way of dealing with a lot of debt.

Never heard of it mate, will check it out though cheers.

Deluxe1 · 24 Feb 2011 at 21:03

Telescopi said:
Can you buy the house with your mum (as she's the tenant)? Do they still do right to buy?

You'd probably feel a whole lot better chucking more money at it if you were getting something out of it long term.

Edit: Looks like you would have right to buy, even if it's housing association now you'll have preserved right to buy if you've been there all your life.

Doubt she would get a mortage with already been bankrupt.

[TW]Sponge · 24 Feb 2011 at 21:05

Guest2 said:
I might have missed something in this thread but

no help from other borther/sisters?
any help coming in from dad/mums ex?
maybe your mum needs a job that pays more?
downsize house?

Siblings - Nope
Dad - Nope, stopped payments when I turned 18
Better Job - Easier said than done mate
Downsize house - Have mentioned that to her, she doesn't want to move and the cost of moving is just too much

Danthus · 24 Feb 2011 at 21:06

sponge999 said:
It's everything pal, not just gas and electric. General cost of living eg. shopping, tax, rent, and of course the debt she's in.

I know, it was me suggesting that the cost of living was the cause of the debt.

Beansprout · 24 Feb 2011 at 21:07

OldCoals said:
The OP's mother has been through bankruptcy one already, I don't think I am out of line to suggest that utility costs are the biggest issue here.

This may be true but doesn't necessarily help the OP.

Look how high my horse is!

Edit: Ok I slipped on post and meant to add a

so here is your

:

--

It's sometimes hard for people to realise they have to sort out finances, esp when it means losing the place in which you're living. Good luck OP but don't let her affect your life too long. She's an adult too at the end of the day.

[TW]Sponge · 24 Feb 2011 at 21:07

Telescopi said:
Can you buy the house with your mum (as she's the tenant)? Do they still do right to buy?

You'd probably feel a whole lot better chucking more money at it if you were getting something out of it long term.

Edit: Looks like you would have right to buy, even if it's housing association now you'll have preserved right to buy if you've been there all your life.

Yeh I could get a mortgage on this house but I just can't afford it on my wages alone. My mum wouldn't be able to join with me due to being bankrupt.

[TW]Sponge · 24 Feb 2011 at 21:09

OldCoals said:
I know, it was me suggesting that the cost of living was the cause of the debt.

Nothing can be done about that one. Prices will keep on rising not falling.