Good old Bill(s)

Chris Thomas's picture

Living with the parents. Most of us have been there and most of us start to get itchy feet at some point or another and begin to think about branching out on our own. (With the exception of the odd Norman Bates-type 'character'.)

"Great," we think, "No more rules, no more washing up and loads of parties." Whilst this may be true (particularly the washing up part, if some of my friends' places are any kind of barometer), there are often further - hidden - costs that go unnoticed when preparing to move out.

I've been sharing a flat for over a year now (south of the river, naturally) and was last summer coming to terms with the full realisation of the financial burden facing me.

One of the main reasons I moved was to carve a considerable amount of time out of my commute (or, should I say, add some considerable time to being in bed). In fact, I just so happened to move within walking distance of my office (not a coincidence) so I cut out travel costs completely.

Well, that was until they went and moved offices...

The cost of a zone 1 and 2 travelcard (£89 a month) was now added to my (non-existent) monthly budget which meant cutting down on a few nights out each month. Obviously, I was given (fairly) reasonable notice for this move and received compensation for the first three months, but the commute to work is a huge consideration when contemplating moving out.

Funnily enough, I have a friend - we'll call her Amy (because, well, that's her name) - who's asked me for some advice about moving and the inherent costs.

So, let's break it down. (Don't worry, I'm not starting a rap…)

The most obvious cost is rent - which is going to be dependent on a multitude of factors and is a subject for another time (or blog, you lucky people).

Before you've even settled on the location of your new home, you should consider where else your money is going to go. Council tax is likely to be the next biggest chunk of your income and looking at the average costs for certain areas may save you some useful pennies. Clicking here may well help.

Then there's the bills. Gas, water and electricity don't come cheap - so ensuring you budget for these each month/quarter will help avoid any nasty surprises.

But that's not all...

If you want to use the internet, a phone bill will also probably become part of your monthly outlay. And even watching television will mean forking out for a TV licence. Oh - and if you've got your car, you may also need a parking permit.

Now, I'm not trying to put anyone off - I just thought I'd throw a cautionary tale out there.

But, hey, after that...all you've got to do is find the right place.

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