The Student Room Group

Planning on moving out but no guarantor

I found a room (£113/w) and I would have to pay quarterly but no guarantor. My mum doesn't want to pay because we've had a lot of arguments about me going out clubbing and hanging out with mates, and dad and sister have said I should be focusing on learning how to drive and saving. Plus mum has said that if I break curfew (it's 11pm) or sleepover at mates houses I'm getting kicked out. I personally just want to be within walking distance to the library to study. I have been told to adapt but studying at home is literal nightmare because it is too comfortable and too far away from uni (awful mix). I live an hour commute and I only go in twice a week, one day 9.30 - 12pm and the other day 9.30 - 4pm. I settled on going to uni in my hometown through clearing because of finances and saving but I realised I have zero knowledge on how to spend, save, divide money, nor what I'm saving for. All I'm really told is just to buy clothes of Shein and made fun of not having money. I have been told it could be for a car, but my mum's giving me her old car. That or holiday, which I won't be able to do anyway unless it's with family. And I'm not planning on getting a mortgage after I graduate. Plus, I do want to learn how to be responsible for myself and learn how to handle conflict with other people that aren't my family, however hard that may be because I just see those things as facets of life. Many in my family are skeptical of me just wanting to go out to club and do things like sex, drugs, and rock n roll (only thing I'm gonna do is rock n roll honestly) but due to a bad A-Level experience I just want to be able to walk to the library and study without the stress of travelling an hour back, get to my sports clubs, and hang out with my friends without forking out an hour there and back to do it, nor fear of being thrown out anyway. Sometimes I do feel like I would be wasting my "benefits" of being a student in my hometown. The pros are not having to worry about money, paying rent for £200 a month, plus transport and any other foods I want to eat. But, a little part of me does want to interact a lot more with other students and be in the city more. I skateboard and having the skate shop, skate park, and other skaters within at most an hour walk would be nice, especially when it comes to street because all I do really is flatground. And being able to sleepover at my other friends houses around the country without being kicked out with no system at all.
(edited 3 months ago)
Original post by chengo_08
I found a room (£113/w) and I would have to pay quarterly but no guarantor. My mum doesn't want to pay because we've had a lot of arguments about me going out clubbing and hanging out with mates, and dad and sister have said I should be focusing on learning how to drive and saving. Plus mum has said that if I break curfew (it's 11pm) or sleepover at mates houses I'm getting kicked out. I personally just want to be within walking distance to the library to study. I have been told to adapt but studying at home is literal nightmare because it is too comfortable and too far away from uni (awful mix). I live an hour commute and I only go in twice a week, one day 9.30 - 12pm and the other day 9.30 - 4pm. I settled on going to uni in my hometown through clearing because of finances and saving but I realised I have zero knowledge on how to spend, save, divide money, nor what I'm saving for. All I'm really told is just to buy clothes of Shein and made fun of not having money. I have been told it could be for a car, but my mum's giving me her old car. That or holiday, which I won't be able to do anyway unless it's with family. And I'm not planning on getting a mortgage after I graduate. Plus, I do want to learn how to be responsible for myself and learn how to handle conflict with other people that aren't my family, however hard that may be because I just see those things as facets of life. Many in my family are skeptical of me just wanting to go out to club and do things like sex, drugs, and rock n roll (only thing I'm gonna do is rock n roll honestly) but due to a bad A-Level experience I just want to be able to walk to the library and study without the stress of travelling an hour back, get to my sports clubs, and hang out with my friends without forking out an hour there and back to do it, nor fear of being thrown out anyway. Sometimes I do feel like I would be wasting my "benefits" of being a student in my hometown. The pros are not having to worry about money, paying rent for £200 a month, plus transport and any other foods I want to eat. But, a little part of me does want to interact a lot more with other students and be in the city more. I skateboard and having the skate shop, skate park, and other skaters within at most an hour walk would be nice, especially when it comes to street because all I do really is flatground. And being able to sleepover at my other friends houses around the country without being kicked out with no system at all.

you’re an adult i assume so if you want to move out to have more freedom that’s your choice. if the guarantor thing is an issue see if your uni/student union has a guarantor service or you can use a third party one (though these cost a bit of money). the rules in your house seem awfully strict for a uni student (or any adult) especially if you’re paying your parents rent to live there. if you do move out make sure you let student finance know as you might get more maintenance loan than living at home.

in terms of saving money you can probably still do this if you move out and end up paying more rent, you just might need to get a part time job to cover the difference. saving is important even if you don’t have a definite goal in mind - at the very least it’s worth having some kind of emergency fund with a few grand in in case e.g. the car you’re getting breaks down, you need a rental deposit quickly, you have to replace your phone/laptop etc. It also means post-uni there’s less pressure to find a job straight away as you’d be able to support yourself for a few months if you needed to (this is also a good thing if you became ill for example and had to take time out of uni or work that might impact your income). Saving for a mortgage deposit now is also a smart move even if you’re not planning on buying a house in the immediate future because you’ll probably need to save something like 20k at minimum for the deposit and then thousands more for all the associated fees and buying furniture/redecorating/fixing any problems etc and that kind of money takes years to save up unless you get a ridiculously well paid job straight out of uni. It might help to budget your money - work out what your essential expenses are each month (rent, food, bills, travel) and then from what you have left over work out how much you’re keeping aside for nonessential spending like going out, new clothes, gifts for others, entertainment etc and how much you want to put into longer term savings. then find a savings account that works for you. I use a monthly savings account with high interest that is linked to my current account then move money into a Lifetime ISA (for a house deposit) and a regular ISA (general savings) when my regular savings account matures each year. If I have spare money at the end of the month I also put that in my ISA. That’s just one way to do it though so do some research to find out what works for you (Money Saving Expert is a very useful resource for this stuff).

hope that helps, good luck with moving out!
Reply 2
Original post by Anonymous
you’re an adult i assume so if you want to move out to have more freedom that’s your choice. if the guarantor thing is an issue see if your uni/student union has a guarantor service or you can use a third party one (though these cost a bit of money). the rules in your house seem awfully strict for a uni student (or any adult) especially if you’re paying your parents rent to live there. if you do move out make sure you let student finance know as you might get more maintenance loan than living at home.
in terms of saving money you can probably still do this if you move out and end up paying more rent, you just might need to get a part time job to cover the difference. saving is important even if you don’t have a definite goal in mind - at the very least it’s worth having some kind of emergency fund with a few grand in in case e.g. the car you’re getting breaks down, you need a rental deposit quickly, you have to replace your phone/laptop etc. It also means post-uni there’s less pressure to find a job straight away as you’d be able to support yourself for a few months if you needed to (this is also a good thing if you became ill for example and had to take time out of uni or work that might impact your income). Saving for a mortgage deposit now is also a smart move even if you’re not planning on buying a house in the immediate future because you’ll probably need to save something like 20k at minimum for the deposit and then thousands more for all the associated fees and buying furniture/redecorating/fixing any problems etc and that kind of money takes years to save up unless you get a ridiculously well paid job straight out of uni. It might help to budget your money - work out what your essential expenses are each month (rent, food, bills, travel) and then from what you have left over work out how much you’re keeping aside for nonessential spending like going out, new clothes, gifts for others, entertainment etc and how much you want to put into longer term savings. then find a savings account that works for you. I use a monthly savings account with high interest that is linked to my current account then move money into a Lifetime ISA (for a house deposit) and a regular ISA (general savings) when my regular savings account matures each year. If I have spare money at the end of the month I also put that in my ISA. That’s just one way to do it though so do some research to find out what works for you (Money Saving Expert is a very useful resource for this stuff).
hope that helps, good luck with moving out!

Thanks! Talked to my mum, she raised great points about how I haven't had a long time job yet plus stuff like the car in case the old one does break down and driving lessons. She is very worried about me, she told me she had a nightmare about me getting preyed upon at night, but it is pretty stifling because it feels like im just treated like a kid despite being a legal adult. Even stuff like resources on what to do, i read about building a good credit score but a lot of family members have advised me not to even start before I get a permanent job. Just with driving me and my uncle have had plenty of spats because im too anxious and wasn't taking theory seriously. Now I am tho, praying i get my license soon.
Original post by chengo_08
Thanks! Talked to my mum, she raised great points about how I haven't had a long time job yet plus stuff like the car in case the old one does break down and driving lessons. She is very worried about me, she told me she had a nightmare about me getting preyed upon at night, but it is pretty stifling because it feels like im just treated like a kid despite being a legal adult. Even stuff like resources on what to do, i read about building a good credit score but a lot of family members have advised me not to even start before I get a permanent job. Just with driving me and my uncle have had plenty of spats because im too anxious and wasn't taking theory seriously. Now I am tho, praying i get my license soon.

What did you do with the guarantor part

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