Could I afford to move out given my current finances?
So right now I'm thinking about moving out of my hometown after I've finished university. My plan is simply to move to wherever I get a job, but I do have one slight issue: I really do not have much money behind me whatsoever. I've never been employed, and have been living off my maintenance loan at uni for the entire time I've been here (in other words, I've been living off 7-8 grand a year since 2022). Although I've managed to make it work, and I've never struggled with rent or anything, I'm aware that it's a whole different ball game post-university, with the costs of all the bills and stuff like that. Moving out is the best decision for me career-wise, but I don't want to end up in a position where I get a good ass job, move out, then suddenly realize I can't afford it.
(edited 2 months ago)
Would you be able to get a part time job while at university to save up? E.g. supermarket, retail, tutoring, restaurants etc
Also, I would recommend working out how much living in your own/with a roommate would cost you.
Then see how much your job would pay and adjust where you live to suit.
Be aware that certain places are more expensive than others. Obviously London is very expansive, but so is Bristol and a few other places.
You need to plan and see what you can afford. Remember you will have like a month from starting work to being paid (I think), so making sure you can manage that and you need to create an emergency fund for any unexpected spending,
Also, I would recommend working out how much living in your own/with a roommate would cost you.
•
Gas, electric
•
Council tax
•
Rent
•
Food
•
Insurance
•
Travel - car or public transport
•
Entertainment
•
Etc
Be aware that certain places are more expensive than others. Obviously London is very expansive, but so is Bristol and a few other places.
You need to plan and see what you can afford. Remember you will have like a month from starting work to being paid (I think), so making sure you can manage that and you need to create an emergency fund for any unexpected spending,
Reply 2
Surely this depends on whether you get a job and what the salary is... a lot of grad schemes provide relocation assistance so some of that initial expenses of moving is removed.
How long of university do you have left?
How long of university do you have left?
Reply 3
Original post by MaterialsEng
Surely this depends on whether you get a job and what the salary is... a lot of grad schemes provide relocation assistance so some of that initial expenses of moving is removed.
How long of university do you have left?
How long of university do you have left?
2 months, I finish in May
Reply 4
Original post by CatLover1
Would you be able to get a part time job while at university to save up? E.g. supermarket, retail, tutoring, restaurants etc
Also, I would recommend working out how much living in your own/with a roommate would cost you.
Then see how much your job would pay and adjust where you live to suit.
Be aware that certain places are more expensive than others. Obviously London is very expansive, but so is Bristol and a few other places.
You need to plan and see what you can afford. Remember you will have like a month from starting work to being paid (I think), so making sure you can manage that and you need to create an emergency fund for any unexpected spending,
Also, I would recommend working out how much living in your own/with a roommate would cost you.
•
Gas, electric
•
Council tax
•
Rent
•
Food
•
Insurance
•
Travel - car or public transport
•
Entertainment
•
Etc
Be aware that certain places are more expensive than others. Obviously London is very expansive, but so is Bristol and a few other places.
You need to plan and see what you can afford. Remember you will have like a month from starting work to being paid (I think), so making sure you can manage that and you need to create an emergency fund for any unexpected spending,
I only have 2 months left of uni but I have considered summer jobs if anything comes up.
I don't have a car, so that's one expense I don't have to worry about. Living with someone would probably be easier because we can split bills, and preferably I'd want to try and find somewhere that has bills included in rent. Yes it's probably more expensive, but I'd feel more comfortable with that.
Reply 5
Original post by _hobbinho_
2 months, I finish in May
So have you got a grad job lined up then for September?
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