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Very worried about COL crisis - I earn £43k in London

3 replies

sherbertlemon92 · 24/07/2022 10:45

Very worried about COL crisis - I earn £43k in London. I have a mortgage which thankfully is fixed for the new few years, but live alone and don't have a partner to share bills etc with. My costs in general aren't too high as I don't go out much and I don't drive. I'm doing everything I can to save over the summer but just feeling sick with anxiety that I'll have to borrow money from my parents or something. I live in a high council tax area and it's just been creeping up. Any advice appreciated.

OP posts:
Blofield · 24/07/2022 11:11

Move to a cheaper area?
make a list of ALL your outgoings and find cheaper alternatives

Hollyhead · 24/07/2022 11:12

so your take home is around £2500 after tax? Write down everything you spend and see how much wriggle room you have.

Newyearnewname20 · 24/07/2022 11:15

Could you take in a lodger to help pay the bills, perhaps?

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