Living on my own?

Phate · 21 Aug 2006 at 22:34

is 1200 a month enough to live on a flat on your own?

obviously it depends on how much the flat is etc, but say the flat is 600 a month would 600 cover bills etc?

[TW]Fox · 21 Aug 2006 at 22:35

Phate said:
is 1200 a month enough to live on a flat on your own?

obviously it depends on how much the flat is etc, but say the flat is 600 a month would 600 cover bills etc?

Is this £1200 your earnings per month?

If so, what about tax? What about running costs for your car? Nights out? Food? The loan you have on your car? etc..

It all adds up to loads

Mr Nice · 21 Aug 2006 at 22:36

Just as long as you don't go mad in Bas-Vegas - should be plenty.

Phate · 21 Aug 2006 at 22:36

[TW]Fox said:
Is this £1200 your earnings per month?

If so, what about tax? What about running costs for your car? Nights out? Food? The loan you have on your car? etc..

It all adds up to loads

no 1950 is my monthly earnings,

i'm taking tax/car and trains to london into account after all that i get 1200 to do what i want with

EDIT: well 1200 ish

FordPrefect · 21 Aug 2006 at 22:36

Phate said:
is 1200 a month enough to live on a flat on your own?

obviously it depends on how much the flat is etc, but say the flat is 600 a month would 600 cover bills etc?

Ye it would cover the bills but wouldnt leave you much afterwards. Cant you find somewhere smaller thats cheaper? On 1200 a month I'd say the top you could really afford to pay a month would be 400 to 500, as even just your household bills will be about 300 to 400 a month including food, council tax, insurance etc etc.

Phate · 21 Aug 2006 at 22:38

FordPrefect said:
Ye it would cover the bills but wouldnt leave you much afterwards. Cant you find somewhere smaller thats cheaper? On 1200 a month I'd say the top you could really afford to pay a month would be 400 to 500, as even just your household bills will be about 300 to 400 a month including food, council tax, insurance etc etc.

well 600 was an example.

i havent actually looked at any flats yet.

Theres another thing, would you be better off taking a mortgage out on a place rather than renting? or again does it depend on a lot of things?

TerryWogan · 21 Aug 2006 at 23:32

You need to whittle that "1200ish" down to say 1000 definitely yours in your pocket even taking into account being off sick or an emergency or whatever. Then base your budget on that.

Saying ish will only land you in trouble when you wind up overspending and getting into debt that you can't pay off.

Quantic · 21 Aug 2006 at 23:34

Well my earnings are 1100. I'm living in a 3 bed penthouse costing 1000pcm with 2 flatmates. So that is roughly 330 a month. That leaves me 800 a month for bills and stuff and I STILL find myself struggling come the end of the month!

Biohazard · 21 Aug 2006 at 23:36

I earn 1200 pcm. My mortgage is £170 and I STILL struggle at the end of the month somehow :confused:

Andybtsn · 21 Aug 2006 at 23:45

Biohazard said:
I earn 1200 pcm. My mortgage is £170 and I STILL struggle at the end of the month somehow

Can I ask why your morgage is so "cheap"? I'm a newbie to morgage so probably a simple answer!

Quantic · 21 Aug 2006 at 23:46

andybtsn said:
Can I ask why your morgage is so "cheap"? I'm a newbie to morgage so probably a simple answer!

Shed tbh.

Del Lardo · 22 Aug 2006 at 00:42

andybtsn said:
Can I ask why your morgage is so "cheap"? I'm a newbie to morgage so probably a simple answer!

bought the house 15 years ago when you could buy an entire street for £2.50 and a packet of crisps

Bunka · 22 Aug 2006 at 01:00

Del Lardo said:
bought the house 15 years ago when you could buy an entire street for £2.50 and a packet of crisps

lmao

Oh so very true though.

Amp34 · 22 Aug 2006 at 01:35

Del Lardo said:
bought the house 15 years ago when you could buy an entire street for £2.50 and a packet of crisps

You can still do that up north can't you?

Quantic · 22 Aug 2006 at 01:36

Amp34 said:
You can still do that up north can't you?

There are areas in the north FARRR more expensive than some areas in the south.

banja · 22 Aug 2006 at 04:11

Well that Nikki bird from Big Brother was £500 a night when she was an 'escort'. So as long as you don't want to spend more than two nights a month with a skinny bint with a forehead like a shrivelled up kebab you should be okay.

Pete_m · 22 Aug 2006 at 04:15

after reading this post.. i think ive decided im never going to be able to move out of my parents house

i dont have a car yet either because of the same reason. and on top of all that i earn quite a lot to say how much i do at work and how old i am :mad:

Slogan · 22 Aug 2006 at 04:16

How this thread has went so long without anyone mentioning the Freddie Mercury classic, I don't know.

I'm ashamed.

Pete_m · 22 Aug 2006 at 04:22

Slogan said:
How this thread has went so long without anyone mentioning the Freddie Mercury classic, I don't know.

I'm ashamed.

whats the 'freddie mercury' classic?

Slogan · 22 Aug 2006 at 04:24

Pete_m said:
whats the 'freddie mercury' classic?

Freddie Mercury - Living On My Own.

It's a classic.