Enough to move out?

Thats about what I have per month and looking for a place for myself at the moment and seems to be more than enough to live comfortably
 
[TW]Fox;16213392 said:
Move in with your GF or dont bother IMO. If she isn't in a position to move in with you yet, wait until she is.
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Why? I'm certainly not going to wait until she is ready/can afford it. What happens if you split up down the line, are you going to move back in with your parents?

I'd rather have my own place regardless of whether or not I share it with my GF.
 
I would wait it out until the bills are paid off.

As hard and as frustrating it may be I am in a similar position to you, living in 1 (approx 12m2) room with the gf at my parents house.

I had around £14k worth of debt I think (or maybe slightly less), yeah we could have moved out and rented our place, however the life style would suck & in my opinion are paying off some one elses mortgage.

We made the decision to ride out the ups and downs, pay off my debt & start saving for a mortgage. Looking to buy in December (160k budget), sooner if we find a place for less. (the decision to do this was made in Feb '09, so things can be done sooner than you think!)

Don't rush into things, you will feel a lot happier for doing it!
 
Showboat said:
Take this opportunity to save for a rainy day, get three months wages in the bank, and then start looking to have a better life.
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Gotta agree with showboat; I've just bought my first place and I'm on a touch more than you (around 24k without overtime), so again call it 1500 p/m after tax.

Luckily house prices around here are quite low (bought my own place, brand new build, 2 bed end terrace for 117k). My mortgage is around 400 p/m, factoring in all the utilities and my car I'm only looking at a couple of hundred spare, which isn't a lot. However I had a really good oportunity to get onto the housing ladder so I had to take it.

My words of advice? Don't get out right away, save like mad for 6 months, you will need a lot of disposable money when moving into your own place as how are you going to afford to buy literally everything which is needed? If you pick up an unfurnished rental place, look around your room now and count all the necessities (carpets, curtains, light fittings, tables, sofas, tables, tv etc etc etc), trust me it adds up to a lot!

It's do-able, but you need savings and you need a clear indication of how much everything is going to cost before you can even think of getting a place. I can only echo the above statements: get a spreadsheet, put everything you earn in there, write down all of your out goings and expenses and write down how much rent and utilities and food etc etc is going to cost you. Is it do-able?
 
paradigm said:
Why? I'm certainly not going to wait until she is ready/can afford it.
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I guess it depends how long you've been together. For me, anything less is a counter productive waste of money. I have no desire to live 'on my own', it isn't something I crave as the freedom it gives is something I largely benefit from at the moment anyway. I do, however, have a desire to live with my girlfriend. I appreciate everyones circumstances differ, mind :)
 
I am on a similar wage and find it easy, money isn't a problem at all but then I live in the north and my rent is £330.

The problem is when you rent it is harder to save up so ideally you want to live at home until you have enough deposit to buy.

I was paying lots of money to my parents and was just generally bored so moved out and have been for almost a year. I can get a mortgage with 10% deposit so will probably be buying a cheapish house later this year with my brother.

I could live alone and rent out or get a bigger and better house but I think it is best to get a smaller mortgage and pay it off quickly, as long as it isn't in a too bad area. Borrowing all that money isn't cheap.
 
I would save like mad for the next 8 months or so, ditch anything you dont need to spend money on and look at what you really need to spend on.

As soon as you get your own place, youll find there are things to pay for that you didnt even think of. Its a hassel living at the parents, but its a great time to prepare for moving out.
 
[TW]Fox;16213472 said:
I guess it depends how long you've been together. For me, anything less is a counter productive waste of money. I have no desire to live 'on my own', it isn't something I crave as the freedom it gives is something I largely benefit from at the moment anyway. I do, however, have a desire to live with my girlfriend. I appreciate everyones circumstances differ, mind :)
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That's fair enough, and I can see the reasoning, but the way I see it is that having my own place will allow her to visit whenever she feels anyway (no harm in giving her a key, even if she doesn't fancy moving in yet).

Maybe it's just that I've got a craving to have my own property, more than the desire to live alone. Like I said previously, I could always bring a (trustworthy) mate into the equation for the time being to help cover costs.
 
living on £600 a month? I think rent on a council bin round here is pretty much that!

£600 would just about cover the petrol and food bills, let alone any other outgoings!
 
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