This. I couldn't really afford my own flat when I first moved here and got into financial trouble partly as a result of having it, but I'd lived on my own for five years and I was too used to having my own space to want to lvie in a share. Barring disasters, when I move in with someone it will be to share not just the house but the bed.
Can you afford to live on your own?
- Thread starter Herbsman.
- Start date
This. I couldn't really afford my own flat when I first moved here and got into financial trouble partly as a result of having it, but I'd lived on my own for five years and I was too used to having my own space to want to lvie in a share. Barring disasters, when I move in with someone it will be to share not just the house but the bed.
ChrisFilter
Like a boss.
This, basically. Were it not for debt repayments I could afford it. My mortgage is £750 a month.
Nope, I'm at university being financed by the student loans company/my parents/my grandad. I work over the summer/Christmas/Easter holidays but am only on £4.80 an hour so however much I work it never amounts to much 
Hopefully if I get myself a good graduate job I'll be on my own two feet not long after finishing here though.
Hopefully if I get myself a good graduate job I'll be on my own two feet not long after finishing here though.
ChrisFilter
Like a boss.
Nope, I'm at university being financed by the student loans company/my parents/my grandad. I work over the summer/Christmas/Easter holidays but am only on £4.80 an hour so however much I work it never amounts to much
Hopefully if I get myself a good graduate job I'll be on my own two feet not long after finishing here though.
Isn't that below minimum wage?
DotCommunist
So many particulars. So many questions.
not for under 21's iirc
I'm 20. They give me a bit of money at the end of the financial year though (which would be incorporated into my wage if I was full time), which depends on how much holiday I booked off or something. It was only a hundred quid or so last time though, I don't really understand how they calculate it. They offered me a job for £5.50 an hour and told me after I'd been there over a week that it was then going to be £4.80 
geminisnake
a complex mass of conflicting ideas
It's nearly that a week for me
No wonder you're skint!!!I've never had to share, other than family, unless I chose to have a lodger, but yes I can afford to live alone.
bi0boy
Power User
Generally a two bed flat just has one extra room compared to a one bed flat. As they both have kitchen, bathroom, living room, hallway etc.. you are only pay e.g 20% more for an extra bedroom.
When the landlord buys the place and gets a mortgage, the amount paid is dependent on the square footage, not the number of people who could live there.
Looby
Well-Known Member
I could afford a studio flat or something on my own if I didn't have my credit cards and stuff but I've got loads of stuff and 3 cats so would need a 2 bed house or a ground floor flat really.
I could probably manage in this house if I got a lodger but the rent is £695 which would only leave me with less than £350 a month for everything else.
I could probably manage in this house if I got a lodger but the rent is £695 which would only leave me with less than £350 a month for everything else.
Vintage Paw
dead stare and computer glare
No, probably not. It's pretty fucking tough as it is with the 2 of us, and our mortgage is tiny (only £230/month between us - we bought in 1999 before prices went up). We'd be screwed if one of us died.
no, i cant but i do live alone cos i got a brilliant deal and am a lucky bastard - but not for much longer!!
Do you not have an insurance policy to pay off the mortgage?
Thankfully we did which meant that we can stay in the house. However, the bills are really screwing me atm.
Mrs Magpie
On a bit of break...
If I lived on my own I'd have £225 a month for all bills, food and absolutely everything else after paying my rent. So no, I couldn't afford to live on my own.
Meltingpot
Living in our pools we soon forget about the sea
Join the club. I'm one of these people who always sees an album or a book I have to have. I know I've got to clear at least some of it though, it's getting ridiculous.
Vintage Paw
dead stare and computer glare
Do you not have an insurance policy to pay off the mortgage?
Thankfully we did which meant that we can stay in the house. However, the bills are really screwing me atm.
No, we don't. Despite severely reprimanding others for doing so, we sit there and think "it'll never happen to us"
When times get tighter it's harder to start making provision for that type of thing, and so you put it off, 'for when we've got more money'. Of course, when that time is supposed to come I don't know.
quimcunx
imprimeo, lamino, distribuo
No, we don't. Despite severely reprimanding others for doing so, we sit there and think "it'll never happen to us"
Term assurance is about £5 a month.
No, we don't. Despite severely reprimanding others for doing so, we sit there and think "it'll never happen to us"
Please do it asap. I'd be on the streets if we hadn't had insurance, no way could I have afforded to pay the mortgage on this house.
Do it tomorrow!
Vintage Paw
dead stare and computer glare
Please do it asap. I'd be on the streets if we hadn't had insurance, no way could I have afforded to pay the mortgage on this house.
Do it tomorrow!
Okay
Do you have to do it with your mortgage lender, tied to your mortgage, or can you shop around?Okay
Shop around - you could probably do it online or contact your mortgage lender.
Really, it is worth it.
quimcunx
imprimeo, lamino, distribuo
Okay
shop around online for term assurance. I think I got mine from somewhere ethical which was about 50p a month more expensive than Tesco's.
Vintage Paw
dead stare and computer glare
I'm going to start looking tomorrow. Thank you Sometimes I need a bit of a push with this sort of thing
rolleyes: I just told Mr Paw and he got that glimmer in his eyes, then pretended to shoot me )
Sometimes I need a bit of a push with this sort of thing rolleyes: I just told Mr Paw and he got that glimmer in his eyes, then pretended to shoot me )
