£240 /month is a bit more than we pay - I'd say we are paying £2600 a year for a 4 bed house with four people living in it.
How much do you need to survive each year?
- Thread starter throwaway4372
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Soldato
That's still insane... We're paying £180/mo for 4 people in a 3 bed, that includes a server running 24/7, a couple of gaming PCs, charging an EV and running a pool heater for 2 months over the summer!
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How much heating escapes from your property though?
Are your ceilings 15ft tall?
I live in a rather large 2 bed flat across 2 floors, each window bascically has a draught.
My place is not amazing, there is no debating that, but it still works out cheaper than being in other places around my way.
Soldato
No tall ceilings, but the windows could certainly do with replacing!
You could probably save yourself a fortune by just spending a few £ and a couple of hours sticking some draught excluding foam strips around the windows
Wasn't getting snarky at you, and if that's how you felt it came across, I apologise.
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Yeah I could, but I also just want my landlord to sort it out, the place is not in the best conditions, but it still works out cheaper and I get more space.
Soldato
Yeah, understandable, but it's not the landlord who's having to pay your energy bills! Frustrating as it is I've found in those situations it's just better/easier to sort the problem yourself if possible (obviously without causing any permanent changes). If the landlord invests a load of money in the property doing improvements, then it wouldn't be surprising if they put the rent up alongside (if it's really £500/month cheaper than other similar local properties)
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Soldato
I should have said mine is also a new build. Not many positives I can say about them. But one big plus is the efficiency. Not had the heating on once at all yet since the end of winter.
Man of Honour
Oops!
So in which case me monthly around £2100 or so let's round up to £2200.
So £26k a year with 2 kids but no life.
Soldato
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- 19 Jan 2006
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A disgusting amount is the correct answer, but we've made certain life choices which mean that it's a disgusting amount.
We keep saying there's light at the end of the tunnel though - May 2025 we're going to be metaphorically rolling in it!
A large portion of our disgusting monthly amount is paying back money loaned by parents at a super quick rate (£1k a month, home renovation related bill of £15k which they covered) - we cannot wait until that's over. We also used a 3 pin boiler 24/7 for multiple months (wet UFH, with more heat loss from the house than heat going in) and accrued a multi thousand pound debt with the electricity company - chose to pay off quickly at £500 a month too.
We keep saying there's light at the end of the tunnel though - May 2025 we're going to be metaphorically rolling in it!
A large portion of our disgusting monthly amount is paying back money loaned by parents at a super quick rate (£1k a month, home renovation related bill of £15k which they covered) - we cannot wait until that's over. We also used a 3 pin boiler 24/7 for multiple months (wet UFH, with more heat loss from the house than heat going in) and accrued a multi thousand pound debt with the electricity company - chose to pay off quickly at £500 a month too.
I think when you say essentials and not mortgage most peoples costs are going to be very very similar
Especially if you strip right back to absolute essentials.
Ie cheapest Broadband, no TV licence etc
My core costs of 8k still include luxury food, Netflix, car insurance, petrol.
No car would probably save 1k-2k off that. Maintaining, petrol etc
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Soldato
Almost nothing.
I have no debts, own my own house, and have no need for transport, which I guess are peoples main outgoings. All I have to pay is council tax, utility bills and food. All my money at the moment goes on hobbies.
I have no debts, own my own house, and have no need for transport, which I guess are peoples main outgoings. All I have to pay is council tax, utility bills and food. All my money at the moment goes on hobbies.
Yeah completely agree and should say thanks for the sound advice. I really should make some changes with it, but also hoping not to be in there much longer....
There is some draughts I cannot fix without compromising a few things, lots of context needed....
Soldato
I used to live in what sounds like a similar house with my parents when I was a lot younger, draught excluder "snakes" along the bottom of the doors, and thick heavy curtains make a world of difference!
I got big heavy and long curtains for the windows. But yeah each window has draughts in it, then I have a big draught in my bathroom into the shop downstairs which doesnt help, but its how all my pipework and that exit my flat.
Flat built before 1900's says it all really. Meant to be 3 floors of ground floor shop and then 2 above, but of course all been separated.
Caporegime
I could easily live on 1 grand a month if all my kids are gone and the mortgage is paid off.
It would be just existing though.
2 grand would be more than good enough having spending money.
It is hard to work it out though as all my bills at the moment are on the basis of having 4 people in the house and reasonably large building to heat.
When the missus was off with our second child we lost 15k+ that year in wages but we managed just fine.
It would be just existing though.
2 grand would be more than good enough having spending money.
It is hard to work it out though as all my bills at the moment are on the basis of having 4 people in the house and reasonably large building to heat.
When the missus was off with our second child we lost 15k+ that year in wages but we managed just fine.
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Soldato
If I was on my own, then ignoring mortgage/rent costs, I reckon £6-7k/year would be doable with pure essentials. Food & utility bills could easily be slashed by ~60%, wouldn't need a car to ferry the kids around, no childcare, school meals, school trips etc., no need for life insurance with nobody to give it to!
Would probably end up living a lot healthier with less junk food & takeaways, alcohol etc. as well doing more exercise just to get out for something to do!
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Caporegime
If I was on my own, then ignoring mortgage/rent costs, I reckon £6-7k/year would be doable with pure essentials. Food & utility bills could easily be slashed by ~60%, wouldn't need a car to ferry the kids around, no childcare, school meals, school trips etc., no need for life insurance with nobody to give it to!
Would probably end up living a lot healthier with less junk food & takeaways, alcohol etc. as well doing more exercise just to get out for something to do!
Minimum wage is 11.44 or £23.795 a year, £20,652 after tax, £1721 a month.
Without mortgage and as a single person at most you will spend that £721 on bills. That leaves a grand a month to do what you want with!
When it comes down to it renting and house ownership is what is killing everyone not the wages we receive!
Man of Honour
Yeah does seem high.
For 4 of us we spend around £200 max per year on electricity but we have solar panels and a battery.
Most of our spend is on gas in winter. £800 per year on gas.
Our DD is £70 per month and in plenty of credit.