"I'm Skint"

Everyone is different, many burn through their wages and really are "skint" before their next payday.

If your a "trendy" then it's fairly easy as even everyday items suddenly become very expensive.

It happens, it's not always an excuse but sometimes it is.
 
The mortgage calculator at http://www.helptobuysouth.co.uk/ in very general terms suggests that on a part rent/ part buy sale, we would currently end up paying ~£500-550pcm for mortgage; rent; service costs.

So it would be ~£85-135 cheaper than what we pay on rent currently.

But mortgage rates are the lowest I'm aware of in my lifetime since 1973. The big unknown is how long will they stay this low, making buying rather than renting the best financial situation for my partner and I.

Maybe the Brexit turmoil will help house price increases relatively low and mortgage rates low for now.
 
ebilcake said:
Everyone is different, many burn through their wages and really are "skint" before their next payday.
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See, at this point so many people seem to just chuck it on the credit card.
I don't earn much and I can't afford much, but for that same reason I will NOT even allow myself to have a credit card. I took out my one and only loan to pay for the cheapest wedding we could manage and that was it.

We'd need about £40k for a mortgage deposit, I think, so that's something that'll have to wait until I win the lottery... which I don't actually play either, so....
 
I once lived on fiver a week, after rent was paid. Lucky no other bills came during that brief time so it was just food and transport. Bicycle and 25p for a pint of milk was useful as I remember, 10p value tesco bread so yea its doable not very nice though.

On the other hand 7 quid for lunch with a pint seems very good, relative to the prices I put above we used to get a chicken and steak, chips meal for two for a fiver at the local pub. Very good excuse to go drinking :)
 
Frugal Living yo
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vincent1989 said:
You wouldn't find our meals in a 5* cookbook but we eat well. We benefit from economies of scale as there are 3 of us and we have a menu for each week so occasionally it can be a bit samey but that's what you do when you're on a tight budget.

Bread is all homemade, get about 3 loaves for the price of one loaf of hovis, home made quiche, pasties etc, it all saves money.
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I would love to have time (and knowledge) to make homemade bread, quiche, pasties and stuff.

I suppose its a trade off living in city center - no travel expenses and higher salaries but things cost more in the express supermarkets.
This morning for example I got a couple of small cod fillets that were reduced, 2 chicken breasts, bag of porridge, couple of sweet potatoes, some nuts and 3 bananas and it came to just under a tenner. That will provide me with breakfast for a few days and 2 evening meals. Lunch I got a jacket potato, salad, a bit of chicken and a drink and it came to ~£6.50
 
ttaskmaster said:
See, at this point so many people seem to just chuck it on the credit card.
I don't earn much and I can't afford much, but for that same reason I will NOT even allow myself to have a credit card. I took out my one and only loan to pay for the cheapest wedding we could manage and that was it.

We'd need about £40k for a mortgage deposit, I think, so that's something that'll have to wait until I win the lottery... which I don't actually play either, so....
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Maybe they've already been doing just that and have reached their limit?

I don't have credit card, destroyed mine years ago and managing fine without them.
 
credit cards are fine as long as you don't get sucked into paying off the minimum. problem is people see it as free money max them out then can't ever afford to pay more than the minimum as they need there flash iphone car holidays sky tv etec

hey they are even better if they are interest free for a year or more if they are stick the money that you have you need to pay it off in a savings account pay the minimum each month you will make a few pound extra
 
Guest2 said:
Based on someone earning 20k the takehome would be £1415
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ERR... your rent is very high for the salary you earn - I hope there are 2 incomes to your home as it could be pretty bleak. Surely you can work a better situation out.
 
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scotty365 said:
ERR... your rent is very high for the salary you earn - I hope there are 2 incomes to your home as it could be pretty bleak. Surely you can work a better situation out.
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I don't earn 20k, just used it as a base figure.

A better situation would be to look for a better paid job! :p
 
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