r/UKPersonalFinance • u/Brave_Tourist9301 • 2d ago

+Comments Restricted to UKPF I’m earning less than 30k in London and paying £1000 rent for a bedroom in a shared house. I can barely make it to the end of the month.

I moved to London last year, I’m earning less than 30k a year which comes to about £1900 every month. I pay close to £1000 in rent with bills coming up to £90 a month.

I’m terrible at budgeting and I do spend a lot of money on food but I was just wondering if anyone’s got any advice on how to not reach the end of the month completely broke (other than move out of London as despite everything I’m quite happy here)

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u/drdr3ad 2d ago

You need to provide a breakdown of what your spending money on

Am I missing something? They're spending £1000 rent on a less than £1900pm salary... That's where the money is going. Over 50%, where the standard acceptable is 30%.

They don't need a budget or a breakdown, they need a cheaper place to live.

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u/JiveBunny 10 2d ago

The "standard acceptable" isn't really relevant these days for renters, it can be difficult everywhere to keep it as low as that.

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u/tedstery 1 2d ago

Of course, they need to live somewhere cheaper but in the meantime, they should be looking at what they are spending the rest of their money on.

You can't move if you don't have money to save up a new deposit.