The UK financial situation is depressing!

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money-for-all
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Let me give you some figures:
£25k year graduate salary = £19,911.76 after tax, student loan repayment, 5% pension contribution and national insurance.
Hence, this equates to £1,659.31.

This is nothing.

Rent = £800/month
Council tax = £80/month
Phone bill = £20/month
Broadband bill = £30/month
utilities = £40/month
Car = £240 petrol/month + 80 insurance/month + £20 wear and tear/month
Food = £150/month
socialising = £120/month
Clothes = £50/month
Miscellaneous = £50/month

Total Cost = £1530/month
Remaining = £129.31

So, you're telling me that this country is right? get ****ed pal.
Not everyone has a rich family to support them.

How am I supposed to save up for a house deposit?
LIVE HERE IS ****. UNLESS YOU ARE ON BENEFITS!
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money-for-all
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any thoughts?
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StriderHort
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Where are you budgeting £800 for rent? (more than double mine) If you're talking about London that's one single city, and an outlier at that.
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money-for-all
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(Original post by StriderHort)
Where are you budgeting £800 for rent? (more than double mine) If you're talking about London that's one single city, and an outlier at that.
yes, I'm talking about London, because that's where im working.
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StriderHort
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(Original post by money-for-all)
yes, I'm talking about London, because that's where im working.
Well London is notorious for having one of the highest and out of sync costs of living in the world, and if you want to play with the big boys and girls that 25k starts to look pretty pedestrian. It doesn't seem fair to apply this thinking to the remaining 90% odd of the UK surely?
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money-for-all
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(Original post by StriderHort)
Well London is notorious for having one of the , ghest and out of sync costs of living in the world, and if you want to play with the big boys and girls that 25k starts to look pretty pedestrian. It doesn't seem fair to apply this thinking to the remaining 90% odd of the UK surely?
ok, but even if we apply this salary to the rest of the UK,

Let's say rent is £600/month, for a 1 bed flat.

Then you still only have £300 left over? Cmon man, you can't tell me that you are happy with this?

Seems like the UK doesn't reward hard working people.
People on benefits seem to get the same amount per month from the government and they don't have to ****ing work at all, or do very minimum work.
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cool shade
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(Original post by money-for-all)
ok, but even if we apply this salary to the rest of the UK,

Let's say rent is £600/month, for a 1 bed flat.

Then you still only have £300 left over? Cmon man, you can't tell me that you are happy with this?

Seems like the UK doesn't reward hard working people.
People on benefits seem to get the same amount per month from the government and they don't have to ****ing work at all, or do very minimum work.
Benefits for an individual are very little(not enough to survive on)

benefits for a family with children is good
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cool shade
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(Original post by money-for-all)
ok, but even if we apply this salary to the rest of the UK,

Let's say rent is £600/month, for a 1 bed flat.

Then you still only have £300 left over? Cmon man, you can't tell me that you are happy with this?

Seems like the UK doesn't reward hard working people.
People on benefits seem to get the same amount per month from the government and they don't have to ****ing work at all, or do very minimum work.
Everything is expensive every country even USA or China
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StriderHort
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(Original post by money-for-all)
ok, but even if we apply this salary to the rest of the UK,

Let's say rent is £600/month, for a 1 bed flat.

Then you still only have £300 left over? Cmon man, you can't tell me that you are happy with this?

Seems like the UK doesn't reward hard working people.
People on benefits seem to get the same amount per month from the government and they don't have to ****ing work at all, or do very minimum work.
Your rent budget seems OTT to me, Mine is £350 for a 2 bed. I'd argue if you want to live in a premium area you need to pay a premium, and that means moving beyond entry level grad jobs and making something substantial of yourself. Or simply lucking your way into it.

If you want to tell me the fairness/economics of living in London are messed up, I'd totally agree, but I'd suggest people can leave and find places more reasonable to afford, they're making a choice to try and 'make it' in London.
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Admit-One
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Imagine feeling hard done by with £300 savings every month as well as running a car and then some dreadful budgeting including:

Food = £150/month
Socialising = £120/month
Clothes = £50/month
Miscellaneous = £50/month

Spolier: Folks on benefits can't save £300 a month or save for a house.
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cool shade
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(Original post by Admit-One)
Spolier: Folks on benefits can't save £300 a month or save for a house.
:congrats:
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money-for-all
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#12
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(Original post by Admit-One)
Imagine feeling hard done by with £300 savings every month as well as running a car and then some dreadful budgeting including:

Food = £150/month
Socialising = £120/month
Clothes = £50/month
Miscellaneous = £50/month

Spolier: Folks on benefits can't save £300 a month or save for a house.
How is this poor budgeting? I'm living on a cheap budget man.

I need £10k deposit for a house. I ain't getting that anytime soon.

people on benefits can't save £300/month because they don't need to? They get homes from the council, transportation money, phone bill paid for.
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money-for-all
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(Original post by cool shade)
Benefits for an individual are very little(not enough to survive on)

benefits for a family with children is good
Mate, you clearly have no idea.

The council give you a flat, money for transportation. What else does a single person need?

the uk favours the lazy and discourages the hard workers.
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Ameliabunny
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800 a month is quite high for rent. Either you would have your own place (I know lots of people with housemates even in late 20s) and/or live in London. Most people I know on 20-30k don't live in London or if they do it's on the outskirts.

I agree with your general point though OP. Our parents' generation had it easier.
Last edited by Ameliabunny; 1 month ago
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money-for-all
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(Original post by Ameliabunny)
800 a month is quite high for rent. Either you would have your own place (I know lots of people with housemates even in late 20s) and/or live in London. Most people I know on 20-30k don't live in London or if they do it's somewhere the rent is cheaper.

I agree with your general point though OP. Our parents' generation had it easier.
Imagine working hard, getting a bachlors degree, masters degree (while working part time throughout uni for rent/food etc)..but then still having a roommate at the age of 24?

**** the uk salaries
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StriderHort
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Yeah... benefits really isn't the bonanza you seem to think, qualifying and waiting for social housing is a totally different matter to 'benefits' and you might, MIGHT get help with transport or communication costs if it's employment or child related.

Not to mention your income can be whooshed out from under you with 0 notice for any number of flimsy reasons.
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Ameliabunny
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(Original post by money-for-all)
Imagine working hard, getting a bachlors degree, masters degree (while working part time throughout uni for rent/food etc)..but then still having a roommate at the age of 24?

**** the uk salaries
I think it's bad in the US too and several other parts of the world but yeah, having housemates always sucks in my experience. Even with the nice non psycho ones, you just never have your own personal space.

Out of curiosity how much would you like to be saving per month on your salary?
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StriderHort
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(Original post by Ameliabunny)
I think it's bad in the US too and several other parts of the world but yeah, having housemates always sucks in my experience. Even with the nice non psycho ones, you just never have your own personal space.
If it's good enough for Friends™ it's good enough for you
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money-for-all
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(Original post by StriderHort)
Yeah... benefits really isn't the bonanza you seem to think, qualifying and waiting for social housing is a totally different matter to 'benefits' and you might, MIGHT get help with transport or communication costs if it's employment or child related.

Not to mention your income can be whooshed out from under you with 0 notice for any number of flimsy reasons.
Look man, I respect your opinion, but someone on benefits and someone working a 9-5 job, has the same living standard...so whats the point of putting in the hard work? i should just sit back relax and be a ****ing bum and doing nothing for a living.

smoke pot all day and drink alcahol. because i'll enjoy that more than working 9-5 making just £300 saving a month
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money-for-all
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(Original post by Ameliabunny)
I think it's bad in the US too and several other parts of the world but yeah, having housemates always sucks in my experience. Even with the nice non psycho ones, you just never have your own personal space.

Out of curiosity how much would you like to be saving per month on your salary?
at least £500 a month man.
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