I think it's time to move out...
Discussion
Getting my final pay rise onto skilled rate next month 
However the folks have said they are putting up my rent by £100 PM
I take home £1100 after tax, £200 goes to the parents. After the rise, I'll be taking home £1300 and £300 will go to the parents. Does this seem reasonable? I'm getting mixed opinions of people at work (most of them find it funny).
So I'm now thinking of selling my cars and bike and getting a deposit together to buy my own place (with a view of doing it up and selling it on when it's done as I fancy a bit of property development).
Good idea? Or will I miss my toys too much?
However the folks have said they are putting up my rent by £100 PM
I take home £1100 after tax, £200 goes to the parents. After the rise, I'll be taking home £1300 and £300 will go to the parents. Does this seem reasonable? I'm getting mixed opinions of people at work (most of them find it funny).
So I'm now thinking of selling my cars and bike and getting a deposit together to buy my own place (with a view of doing it up and selling it on when it's done as I fancy a bit of property development).
Good idea? Or will I miss my toys too much?
Ok, so you will still be 100 a month better off than you were before the rise?
Bottom line, as has been spelt out above, is that your costs to live on your own/share/rent etc will be far, far, far higher than £300pcm.
How old are you? Do you have a deposit to buy? If you are young enough I'd stay with your parents and save like a demon to get a deposit etc sorted out so in a year or three you can move out (and in the meantime perhaps have paid off the car loans too so you get to keep them!?!?).
Bottom line, as has been spelt out above, is that your costs to live on your own/share/rent etc will be far, far, far higher than £300pcm.
How old are you? Do you have a deposit to buy? If you are young enough I'd stay with your parents and save like a demon to get a deposit etc sorted out so in a year or three you can move out (and in the meantime perhaps have paid off the car loans too so you get to keep them!?!?).
Heathwood said:
My parents charged me 'rent' (25%) even when I was earning less than £500 per month. Pissed me off a treat but helped me appreciate the cost of living and encouraged me to get out and look after myself. Benefit of hindsight, but it's the best thing that ever happened.
Yep, I used to have to pay 1/4 of whatever I took home. Think of it this way, they'll really miss it when you move out! 
The Lukas said:
Just updated my garage. Yes I know it's pretty good value for what I get 
It's just been a bit too easy if I'm honest to stay where I am, maybe this has helped. Look for the positive and all that...
Oh, I'll see if I can get the old chap to buy the TVR off me. That car is fantastic.
Hi Son, It's just been a bit too easy if I'm honest to stay where I am, maybe this has helped. Look for the positive and all that... Oh, I'll see if I can get the old chap to buy the TVR off me. That car is fantastic.
You misread £100 for £300. Rent or TVR. You choose.....
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