Can I move out with £900 a month?

Question

my mum tells me no because it's gonna be hard moving out sinc eI only earn £900 a month. she gave me an example of one of my friend who struggled to pay rent etc. with her flat mates and moved back in with her mum. i'm 24 and i really need to move out. she said that she's struggling with mortgage so I have to help her with it. she said that £300 is enough. does that cover electricity water bills too? how can I convince her to let me move out?

Answer 1

try doing a budget of how much in reality it would cost you to live somewhere else

eg local rental amount plus

      council tax

       electric/gas/water/sewerage/phone you can ask your mum how much she pays to get an idea

on top of that you will need money for food/travel/living expenses etc

add it all up and see if it comes to more than you earn

if you are really keen and it is too expensive you could think about getting  second job

Answer 2

Yes

As for your mum, don't let her blackmail you, if she can't afford the mortgage then she needs to speak to someone.

If you can't convince her then just move out.

Answer 3

to be honest that isnt really much this is my weekly budget.

£100 rent/council tax

£30 electric

£30 gas

£10 water rates

£6 tv

thats 176 already that does not include petrol if you have a car, 80 food . i think your better off at home save up a couple of grand for a deposit for a house then see what position you are in. buy little things so when you do move you have your basic needs , ie kettle, toaster. cutlery. you dont get luxuries when you get your own place. think about it , its a big decision. what ever you decide good luck its up to you.

if your paying half towards the morgage then tell her if she wants you to stay then your name should be put on the morgage, this could benifit you as then your credit rating will go up.

Answer 4

yes cannot see why you cannot survive on 900 per month, obviously its going to be more costly than living at home.also what you have to remember is when you first move, you will need the money to cover not only the first months rent, but if you are private renting, months deposit in advance also some will charge extra for credit checks and references, always ask what they charge

Prepare a budget for all your bills, then you will know how much you have left each month.

It sounded like your Mum is struggling to pay her mortgage, you cannot be responsible for her mortgage, if she has problems she needs to contact whoever she has taken the mortgage out with.

Good luck

Answer 5

I'm surprised that at 24, you feel obliged to answer to your mother and that you have little or no knowledge of finance!?

it goes to show your mother has not taught you anything about being a mature adult and still now at 24 years old when alot of women have husbands and mortgages you are being forced to stay at home with her.

i would say its definitely time you moved away before this relationship between you and your mother becomes a lifestyle.

on £900 per month saying that where i live in the south the average 1 bed flat is £500-£600 per month then you have on top of that

council tax, electric, gas,TV licence,phone, etc etc etc

moving out with a friend would be best, a 2 bed flat is on average about £50-£100 more per month but other bills including the rent and food would be split making it far more affordable.

i suppose it boils down to the question, where do you want to be in 5 years time?

your mother is struggling with the mortgage, your a women now help her whilst you live there but move out asap.

Answer 6

Have you tried council housing? The rents usually cheaper.

Answer 7

only £900 a month,,,my god i keep a family for less than that, and still save

Answer 8

If you are 24 you don't need to convince her, you are old enough to make your own decisions.

However from reading your question it sounds like your friend just wants you to help her pay her mortgage, ask yourself what's in it for you.

Answer 9

you'll never be able to convince her as your her baby and she doesnt really want you to move out cos shes used to having you around.  You need to have your own space/life and she cant "blackmail" you with the mortgage, otherwise you'll find that at 30+ your still living at home.  All you can do is get your own place, make sure you budget your money well and prove it to her.  People earn far less than what your earning and manage to survive (& some people are intitled to part housing benefit, council tax discounts but arent aware of it, so when you move out just check these things out too).

At 24 you are an adult so your mom really needs to leave you to make your own decisions (whether theyr right or wtong) & give you your freedom.

Also assure ur mom that you'll visit & keep in touch when you move out, as she might be thinking you'll forget about her.

If your really worried about how your going to cope with the bills maybe flat share with a mate for a while till you get used to not living at home & paying the bills yourself?