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AIBU?

AIBU to only spend £200 a month

18 replies

Tinkerbec · 31/12/2016 12:12

We have been living with my parents gor two years since I split with my daughter Dad.
It is not without it's challenges. I am grateful to them for everything they do. However there are no boundaries or privacy.

It has allowed me to pay down debt from my ex relationship and start to save for s house to buy.
I could save in ten months if I scrimp and only spend £200 a month. This would be for petrol, daughters clubs, daughters clothes, school trips etc, takeaways, days and nights out and some food for lunches etc.

Sometimes I think I should just rent right now as we need our own space and my Mother undermines me a lot where my daughter is concerned.

However it would be nice to own a property again.

I just don't know.

OP posts:

Report

Leatherboundanddown · 31/12/2016 12:15

This sounds like a good short term plan to secure your's and dd's future. I am also a single mum of one dd and am doing something similar but have been doing it 3 years now.

I do rent on my own but hopefully should have my deposit soon. It is totally worth it in my opinion.

YetAnotherUser · 31/12/2016 12:17

If I was you I'd stick it out, if 10 months is all you need to get a deposit together.

BadLad · 31/12/2016 12:17

Not wasting money, and saving it is admirable. However, I did once see a post on here saying that saving money was imoral, as you had a duty to contribute to the economy.

Ignore any idiot who pipes up with that rubbish. Financial stability is a great feeling - do what you have to do to achieve it.

Oddbins · 31/12/2016 12:19

are you not contributing anything to your parents for board?

Bluntness100 · 31/12/2016 12:20

You've stuck it out for two years, do the next ten months, cut out the takeaways though, and you'll get yourself a sound financial future.

Lweji · 31/12/2016 12:25

Will that include paying a fair share of utilities expenses and supermarket?
Or would that be their contribution to you buying your own place?
Honestly, 10 months doesn't sound like much, unless things have got really bad. Maybe it's the Christmas period?

HighDataUsage · 31/12/2016 12:34

Stick it out for a year and if experts are right about house prices going down in 2017, you will get more for your money.

Have a look on the money saving website for tips. Withdraw a set amount of cash each week for your living expenses. Then save any £2 coins in a tin you need a can opener to open. Have a l

Tinkerbec · 31/12/2016 12:37

Thanks everyone.

Yes that's just what I have left after everything all bills, board,car stuff, phones for myself and Dad etc.

I think being off over Christmas has heightened the close proximity. I guess time does fly.

OP posts:

HighDataUsage · 31/12/2016 12:38

www.moneysavingexpert.com/

DontTouchTheMoustache · 31/12/2016 12:39

Your very lucky to be in the position to live with them in order to save up and get the money (it might not feel like it right now). Stick it out, if I had that option I would do it in a heartbeat. Just imagine how good it will feel to be in your own home and making it how you want it to be. Do it for your daughter.

BlackeyedSusan · 31/12/2016 12:41

10 months is doable if it is not too bad. good luck.

AgeingArtemis · 31/12/2016 12:46

200 pounds is very doable if that doesn't include the essentials like board and supermarket shop. Good luck!

Mrscog · 31/12/2016 12:52

I think in your situation I would grit my teeth and bear it, the freedom you would get from owning your own place would be worth a lot IMO.

Benedikte2 · 31/12/2016 12:52

Stick it out OP and hope to be in your own place in early 2018.
Will be totally worth it in the long run and I'm sure your DP will be very pleased for you and probably pleased to get their home back. If you rent there is always the likelihood you might end up boomeranging back home before you are in a position to buy. Plus getting into a rental property will make huge inroads into your savings before you even start to pay the rent.
Try to have time with your DD away from the house for just the two of you -- plenty of free child friendly activities in most parts of the country. Won't take long once your in your own home for her to adjust to you being the sole authority figure.
Good luck

idontlikealdi · 31/12/2016 12:56

I think £200 for essentially extras for 10 months should be totally doable and worth it.

Tinkerbec · 31/12/2016 13:35

Thanks. I use MSE alot. It does help.

I think the takeaways are the biggest problem as I usually end up buying for 5 people.

OP posts:

Yoarchie · 31/12/2016 13:39

Stick it out and save the money definitely. I don't think I could manage the expenses you listed on £200 but if you can then go for it.

MrsMozart · 31/12/2016 14:23

Hang on if you can - by this time next year you'll be two months after that.

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