People that live by themselves, how do you manage under the current economy?
Posted by Kami-Yeldo@reddit | AskUK | View on Reddit | 102 comments
This is probably mot targeted for the average earners to be fair.
I've split up with my EX 2 years ago and I'm living by myself and I quite happy being on my own but I have to admit, when you have a partner everything is a lot easier/ cheaper to handle with two incomes (as it should) but how do people manage by just themselves?
Having a mortgage and having to buy everything by myself/repair and afford holidays makes it quite a task if I want to still be able to save anything over the year.
But also when it comes to job safety, it's a lot harder to plan changing jobs/losing your job when it's just you, it's not as easy to move around as well.
I also live in manchester and I'm m31 just for info
It feels like there should be some more support for single income households...
So people aren't under pressured to couple up or share
pmazdan9@reddit
Average earner here, 33M living by myself. It's rough compared to pre covid, i earn considerably more and save less. That being said I'm living a happy life - lots of hobbies, good social life, decent career, happily working from home for the past 5 years and my position is very stable. I'm in the process of buying my first property, mainly because my landlord is selling the flat and the rental market is an absolute joke right now. I guess things aren't too bad after all. I don't save a lot at the moment but it will change once i get on the property ladder.
PetersMapProject@reddit
I don't know many youngish single people who live alone.
Unfortunately with the housing shortage as it is, if people weren't under pressure to share with a partner / housemate / lodger then we'd have a lot more people with nowhere to live.
JennyW93@reddit
I’m 33. Live alone, got a mortgage (£1050 a month). I’m on £45k, so it’s not really unmanageable at the moment. I can save a little (like £200) a month (assuming no emergencies). I do some online data entry type stuff to supplement the salary, but that’s essentially where the £200 savings comes from.
The upshot to all that is that I live near Rhyl. So. The affordability comes at a cost.
Kami-Yeldo@reddit (OP)
This is great! You're doing really well! I have to be smarter and find something that could supplement my salary as well....
If you don't mind me asking, where did you find these side "data entry gigs"? I have done it in the past as my first job awhile ago but it was a full time job
JennyW93@reddit
Have a look on r/beermoneyuk - there are a few ‘get paid to…’ and online surveys etc. on there. It’s a slog to earn any real money, but I do compressed hours so I make these little side projects my day job on Fridays when I’m not in my real job
mand71@reddit
Not me, but my friend rents a one bed flat from a housing association in Lancashire. She doesn't work (at the moment, anyway), but somehow manages to have at least a couple of holidays a year. She's just come back from a cruise and had a few days in France in January. And we're not even half way through the year!
MaltedMilkBiscuits10@reddit
Lived on my own until the last year.
It was hard. Not in that I struggled in the sense of I had no food in the cupboard but with sacrifices.
I limited my transport. Limited what I bought. I batch cooked everything, like if I was putting the steamer on, I'd fill every tier with vegetables. If I put the oven on, I'd be cooking 3 meals in it. Showers I timed to exactly 10 mins.
Over winter, sometimes id only heat the living room.
There were days I watched my electricity usage and would switch the fusebox off and just have a few hours on my tablet.
Clothes were a luxury, I only bought what I needed replaced.
Eating out never. Certainly no alcohol, smoking, sky, expensive phones etc.
You know what though I kinda miss it, I lived a really simple life, little possessions, little fuss.
I met my partner though and it brought to the table a extra income. I used our combined income to invest in battery storage and a heatpump. My car was uneconomical to fix so got a cheap EV. My transport, heating and electric is now under£70 a month which is half of what I was paying as a single person despite consuming 3x amount of electricity. If anything.
What would have been a killer blow was if my rent went up.
jack5624@reddit
So I take home £2,380 after everything. Costs are:
-£900 rent
£240 car expenses and insurance
£110 council tax
£70 energy
£36 internet and phone
£31 subscription
£30 road tax
£9 contents insurance
Leaves me with £954 for food and everything else.
Sir-Tommy-Vercetti@reddit
I manage but don’t save very much. I don’t understand how everyone has a car on finance as well, and just has another 200-400 every month to spend on it. Life would be a lot cheaper if I had a mortgage instead of renting, or someone to split the bills with.
RiceeeChrispies@reddit
I was against car finance/leasing until I ran the numbers. I’m leasing an EV for £200pm because I do 15k miles/pa which was costing me £200pm in fuel.
£1.4k (initial deposit) to drive a brand new car for two years didn’t seem like too bad of a deal.
I appreciate a lot of people just want ‘new’ and ‘keeping up with the joneses’ is a thing but it sometimes makes financial sense.
GickyRervais@reddit
EV cars aren't free to run you know?
RiceeeChrispies@reddit
Leccy is a lot cheaper.
GickyRervais@reddit
At best its half the price so you still be spending at least £100 a month which you just ignored?
RiceeeChrispies@reddit
It really isn’t £100pm 😂😂😂
GickyRervais@reddit
Are you charging up through your neighbours power? ;)
Sir-Tommy-Vercetti@reddit
I guess that makes sense. If I could do away with the train to and from work it would probably save me the same as a car finance payment but there’s no parking so it doesn’t make sense for me.
Ocelotstar@reddit
Down to my last £20 most months. People think I should be able to live comfortably on my income and I just can’t anymore. I acknowledge the privilege of owning my own house, but if I lose my job I’m screwed.
Pidgeot93@reddit
I feel exactly the same
0800happydude@reddit
To be honest perfectly fine. I bought my apartment ten years ago, my mortgage payment is only slightly more than what it was back then and have a job that pays fairly well. I don't worry about money.
The plus side of being single is I don't have any pressure to spend on things. I have friends who have told me their wife expects them to buy a certain kind of car or live in a certain kind of place etc. I don't care about any of that stuff so I don't spend money on it.
CyGuy6587@reddit
Been living on my own for 10 years now in a cheap house. Mortgage has gone up significantly but, thankfully, so has my income. Only time I found myself struggling was when I became inundated with credit card debt, but I got that under control 5 years ago under a debt management plan.
mosho84@reddit
41F here and live on my own. Personally, I have two jobs, one of which is sort of a "passive" income. If I only lived with my employed salary I would struggle to pay everything myself.
Kami-Yeldo@reddit (OP)
That's impressive! Well done to you!
Could I ask what do you do as passive income? I have thought about it but I can never think of something that I could add to myself
mosho84@reddit
I own a rental property and manage rental properties for another landlord. I also have my own investments and occasionally have side gigs doing web design work. The thing I learnt is that it takes money to earn money so being frugal, saving and working smartly is important. Perhaps you can get a lodger while you save up? What are your skills?
goingpt@reddit
I think once I learned that £20 is actually quite a lot of money across the span of a month I started looking at my money and what I was buying a lot more frequently.
Skate_beard@reddit
I manage, but I definitely don't live the sort of lifestyle that you'd think a £65k salary could afford.
I have about £100 a week in disposable income after everything is paid for and I've put a bit into savings each month.
The cost of living increase definitely hits single income, single occupancy households hard.
Financially I'm worse off than when I was earning half my salary and married, but that makes sense.
MightyDevOps@reddit
In the US those people are on 3x your salary that's why.
We are lagging behind so much and it feels
Kami-Yeldo@reddit (OP)
Damn...I'm just in 40k but I face similar struggles. I manage to have about £400 monthly disposable income after some savings but that can get cleared up so quickly by unexpected stuff like dentists/holidays/take outs...
Skate_beard@reddit
Yeah don't get me wrong, I'm not living paycheck to paycheck, but I don't feel like my salary goes very far at all these days, despite looking good on paper.
The mortgage/service charge/bills combo is the real killer.
I live pretty frugally, don't get takeaways, don't eat out, only buy clothes a couple times a year. Generally pretty careful with my spending.
I recently started dating someone and thats created a bit of extra pressure to have money available for dating and activities too. When I was single I pretty much just stayed at home or did free activities to try and make my cash go a bit further.
goingnowherespecial@reddit
I'm assuming you're living in London or some other high cost of living area? I was on a similar salary a few years ago (slightly increased now), but I've always managed to save more than my outgoings (mortgage, bills, etc).
Skate_beard@reddit
No, the SW, between Bristol and Gloucester. It's not mega high cost of living here, but the mortgage plus the service charge is £1k a month near enough.
My bills, mortgage and essential outgoings are about £2000 a month. The rest is taken up by various single month expenses throughout the year (car insurance, home insurance yadda yadda), and putting a bit of money in savings (£500 a month on average).
Hopeful_chap@reddit
Yeh, I'm in a similar boat. I live in a ok ish flat and have a bit of spending money for holidays, but I'd have assumed it would be better on 90k with no car and no kids to pay for
MightyDevOps@reddit
We dont
thegskingII@reddit
Overdraft warrior, lve just made effort to clean all debt away and live like the 1950s again.
Astronaut_Level@reddit
By working from home, being lucky enough to own a home with a mortgage and by not taking out any other loans, as tempting as it may be
Bubbly-Weakness-4788@reddit
I literally have money to pay rent and bills but have to limit what food I buy. I never eat out, never have takeaways or alcohol as I can’t stretch that far.
TheLadyHelena@reddit
I'm really struggling, and that's with a mortgage as opposed to having to try to find rent money - my house would cost at least twice as much to rent, as it does on a mortgage. If I didn't have the house, I'd have to live in a room in a shared house by now.
But I'm also a mortgage prisoner, with a leaky bathroom roof and some repairs needed to the main roof (among other works needed) and I can't borrow against the equity in the property because I'm on a temporary contract - neither can I port my mortgage, even if I could find somewhere to downsize to, because I wouldn't meet the lending criteria. All because I took a 'short-term' (14 months!) role which started immediately, rather than waiting around trying to find a 'permanent' job...
Most of my income is spent on ever-increasing bills. I have to watch every penny otherwise; I simply can't live a carefree life of buying new clothes, going on road trips to see bands, having a holiday, any of the things I used to do for fun. I've even quit drinking because I can't afford to waste money on anything I don't need. I'm just not sure what will have to give next! 😳
Upbeat_Branch_4231@reddit
I'm not managing. I went from a mortgage costing about £200 a month to rent of almost £1000, and a part-time minimum wage job bringing in about £900 a month. My savings from the sale of the house are due to run out in a few months. Hopefully I'll be dead before that happens as the alternative is terrifying.
cozywit@reddit
Why the fuck you renting for more than your salary?
You can't afford that. Get a house share.
Ok_Bumblebee_9873@reddit
A lot of house shares cost as much as renting a house these days. You can easily spend over 1k for a box room with a shared bathroom and a hot plate in the corner.
cozywit@reddit
I've just spent 2 years working away from home. I've seen plenty of rooms on the market for £400 all bills included.
If you can't find that in your area. Move.
Ok_Bumblebee_9873@reddit
That's good for you. I don't need to move since I have my own home.
I do work in housing though supporting people who are struggling and after a long career in it I am an expert in the field. We have a housing crisis and people are being made homeless left right and centre at rates we haven't seen in decades because rents are too high even in HMOs. It's not as easy as 'move' when the amount of accomodation we need literally doesn't exist.
Upbeat_Branch_4231@reddit
Oh great another genius. Gosh I had not thought of that. Perhaps the rent I pay (for a mobile home) is the cheapest I could find within a 20 mile radius of where I was living?
cozywit@reddit
Why you living within that 20miles?
There's no job worth staying for that pays less than £1000 a month.
Ok_Bumblebee_9873@reddit
We are in a job recession a lot of people have to find work where they can.
tmr89@reddit
Yup, that’s insane
Hopeful_chap@reddit
And if that is already a house share, get out of London, you can't afford to live there on that wage
TurkishSte@reddit
It’s brutal, holiday?! I’ve heard of them.
RayaQueen@reddit
Sounds like you're doing fine. You can afford holidays. You are fine.
If you want more then share like everyone else has to.
Do you really expect it all to just be handed to you? These are middle class problems. Nurses are using food banks. Food!!! You can afford that right?
Kami-Yeldo@reddit (OP)
Apologies I'm not trying to cause and disturbance with this post, when I say I can afford holiday it is with a cost of savings, so at the end of the day I would be screwed because I'm not saving at all which makes it all the more difficult if "shit" happens
RayaQueen@reddit
So have some years where you don't go on holiday if you want to save. This is normal for people starting out and families. In fact it's pretty normal.
zephyrmox@reddit
I don't see why living alone makes it harder to change jobs.
What 'support' would you want?
kittykat7931@reddit
If you live with someone else and have a second income coming in you always have that as a fall back. If you lose your job, unless you have some kind of insurance policy in place you are stuck and if you change to something more stable you have to ensure you get something that pays the same or more as you have nothing to top up your own income.
zephyrmox@reddit
Again, changing jobs is not losing your job.
kittykat7931@reddit
Ok. Put it this way. I work in the public sector. I earn £50k a year. I’m very good at what I do with almost 20 years experience but no degree/formal qualifications that mean much in the private sector. If I move from the role I’m in and go into the private sector I am looking at a pay cut of anything around £20k for the first year or so. I can’t do that on my own as I have no safety net to fall back on. I have no savings and I can’t afford to save more than £50 a month which is going to get me nowhere fast. If there was a second wage coming in to pick up the shortfall but there isn’t so I’m stuck. Does that make sense?
Dry_Yogurt2458@reddit
Again there can be a gap and there is no security.
You really like to be argumentative don't you ?
ContactSpecial8612@reddit
Well let’s try and think really hard about that. Two people paying bills, you lose your job, one person still able to pay bills. When you live alone, lose your job you can’t pay bills. Difficult?
zephyrmox@reddit
Changing jobs isn't losing a job though, is it?
ContactSpecial8612@reddit
Ahh the ole playing dumb! No bother pal have a good one
Dry_Yogurt2458@reddit
There can be a gap and there is no security in the first two years.
sparklybeast@reddit
No, but if you move jobs your employment is a lot less secure for the first couple of years. Not everyone can take that gamble.
Evening-Bluebird-989@reddit
Financial?
Recent_Fig118@reddit
It’s not harder to change jobs, it’s harder to change jobs with a safety net. If it all goes south it’s your only income you’ve jeopardised, if there’s a gap there’s no income. With two incomes there’s safety while one job adjustment process happens.
mosho84@reddit
I think they mean if they change to something that is lower paying to climb up a different career ladder.
sugarsnapsea@reddit
I live on my own, and have done for three years now. Its a one bed flat so mortgage is very affordable. I make 32k a year so not a fortune.
I can't afford holidays, or cars on finance. So, I have a 2013 banged up micra.
Other than that, I'm doing alright to be honest. I have the money to socialise a couple times a month, I have the money for a few gigs. Life really isn't that bad :)
DrHydeous@reddit
I manage easily, but I earn a lot.
I don't think there should be special support for single income households, or indeed special support for energy bills, or special support for food, or special support for anything else. What there needs to be is productivity and enough housing. Thankfully that really means just "enough housing", because lack of affordable housing harms productivity by preventing labour mobility, decreasing labour and investor morale, and by causing psychological damage. Relatedly, high commercial property prices also harm productivity by taking money that could otherwise be used to invest in equipment or pay people more.
NIMBYs and people who care more about newts than about other people are a cancer. The only people worse are those who think immigrants are to blame instead of the anti-building policies of multiple governments.
_Cridders_@reddit
To slightly play devil's advocate, without immigrants we'd have a falling population and no housing crisis. Not because who they are as people, but simply because they are people who need to live somewhere. We'd have a pensions crisis instead though.
DrHydeous@reddit
All probably true.
I say "probably" because without a housing problem the birth rate might be higher.
Ok_Bumblebee_9873@reddit
It's not always cheaper when you have a partner. Mine lost their job but isn't eligible for any support because I have a job and am expected to support us both. The threshold for having to support your partner is pretty much minimum wage. It's the same if one person is a student and you are also expected to share on persons benefits if you get them.The system seems very unfair.
I don't know how anyone is managing in this current economy if they're not two people earning a decent amount.
Kami-Yeldo@reddit (OP)
I understand in your cause how it'd be a struggle, I think I was aiming at two working adults compared a single working adult living by themselves. For example if you co-own or live together you can buy things together and share bills/repairs etc... when it all comes from one income it's just very difficult...
Ok_Bumblebee_9873@reddit
Oh yeah for sure, I didn't mean to discount what you're saying. I'm just adding that I think that the comparison should be against two gainful incomes.
secretlondon@reddit
I live in social housing. I’d never be able to get a mortgage etc
RiceeeChrispies@reddit
being in social housing in London is akin to winning the lottery
Unusual_Sherbert2671@reddit
I earn good money (8k/month take home)
If I was single, earning average money, my lifestyle would be shit
peachypeach13610@reddit
Yeah, try that in London. On a £66k salary and still flatsharing in my mid 30s. What a great life.
domsp79@reddit
If I lived by myself, without kids I'd have more money than I've ever had in my life.
peachypeach13610@reddit
That’s not a fair comparison though. Try comparing having kids as a couple and as a single parent, that’s more like it.
mosho84@reddit
You must be earning a lot then.
tarris93@reddit
I can relate before meeting my wife and having kids, ~6 I had the most disposable money I've ever had despite only earning a third of what I do now!
She doesn't like me telling her that though!
TieDyePandas@reddit
I've been living alone for 6 months now, I never have any extra money at the end of the month and I don't have any savings but I'm not exactly struggling. I could in theory have left over funds if I stopped spending it on dumb shit but then my life wouldn't be as entertaining.
Sad-Nectarine-7855@reddit
No longer living on my own but...
Forgoing branded foods, supermarket own, even budget ranges are perfectly fine, also going without regular takeaways.
Off the back of that, preparing food in bulk and freezing portions.
Giving up subscriptions, I cut right back to just what I felt were essential, one music streaming service one tv streaming service.
Decluttered and sold a bunch of stuff I wasnt using or wearing, some months this gave me an extra grand to budget with.
Out less, and when out extremely firm with my budget, if your mates cant understand you're in a tight spot and either mock you for keeping to a budget and leaving when your budget for that night out is depleted or don't whip around for you they aint your mates.
Doing an odd job here and there, I had the virtue to live surrounded by older folk, the odd tenner here and there for a bit of DIY, and more often than not the offer of a hot meal really helped out and it's fantastic getting to know your neighbours.
ForArsesSake@reddit
The lack of safety net is the worst thing. In a couple if one person loses a job, at least there’s an extra person to share the burden. This keeps me awake at night.
Cucumber2512@reddit
I don't lol. Just got made redundant too.. after agreeing to a 3 year renewal as I felt pressured in the face of the Iran war and interest rates about to skyrocket (which they have).
Now I'm looking at either begrudgingly becoming a landlord for a couple years before selling, or just selling now and eating the 5k ERC hit.
There's still a few jobs knocking around in my sector, but the cost of living + shite job market right now has tipped me over the edge. My mortgage went up by more than £300 a month a couple years ago.. on a single person's wage no less.
I'll be leaving to live with parents for the foreseeable, and realistically looking for ways out of this shit country.
ineedathrowaway694@reddit
Life is definitely cheaper in a relationship! I’m partnered but we don’t live together. I can only manage it because I work night shifts in a professional role I’m well paid for. If I was on my daytime salary of 2 years ago, there is no way I could make it work with the cost of bills/food/fuel etc as it is now. Until meeting my partner I didn’t have the budget for holidays and things either, and I still haven’t been able to save up my goal emergency fund.
It’s hard out here, and the only support being a 25% council tax reduction is a little laughable at times for sure!
Kami-Yeldo@reddit (OP)
Damn I feel you...it's definitely hard, I'm also dating at the moment and it's hard sometimes to date and living apart because you have to pay extra for dates, gifts etc... the tax reduction is literally nothing because you'd pay half if you were living with someone XD
Milam1996@reddit
The tax system is setup to basically force you to be in a relationship or have housemates. 2 people on 40k a year have way more money than 1 person on 80k.
BuBBles_the_pyro@reddit
I am living ok financially, i earn just about the average wage and live by myself.
The biggest issue is time, i just dont hace the time to look after absolutely everything in the house
Dismal-Business-5180@reddit
I really worry about this myself. I’m in an abusive relationship that’s doing me in, but I won’t be able to leave for another year because I need to save money. On top of rent and bills, I’ll need to cover the mortgage on our current place plus child support (you’d think paying the full mortgage would count as child support but no). If I left now my only option would be flat sharing with students, which I’m not doing at 40 - plus that would be no good for having my daughter visit.
(Not seeing my daughter every day is another thing that will do me in, but that’s another story. I desperately need a family to grow old with and you have no idea how awful a person you need to be to make me decide I’m better off going this way.)
sparklybeast@reddit
I don't live by myself, but my husband is unable to work and can't claim benefits so it's essentially the same (or worse!). We struggle. No holidays or nights out. New clothes only to replace essential ones that die. No spending money on hobbies. No birthday or Christmas presents. No fixing up the house unless again, it's absolutely essential (ie repair leaking roof but live with the mess it made of our plaster). Life isn't much fun, honestly.
Momotaro6@reddit
I'm divorced and have a mortgage on my own. Things are easier than when I was married as my wife was financially a nightmare. Made us bankrupt.
Happily-Incorrect@reddit
My ex used to be incredibly controlling about how much I worked. Since we split up I've gone from not being able to afford to contribute 50% without struggling, to being able to pay my own mortgage and bills. Admittedly it's tight, but I can occasionally have fun now which I never used to!
RiceeeChrispies@reddit
Average earner here, 28M. I live in a cheap area and have no social life.
I have quite bad anxiety, particularly around social and finances. I save a lot due to this. If I was normal, I’d probably be fucked.
Nielips@reddit
It's not easy to be honest. I was living in Cheshire because it was cheaper, but it was quite isolating so I moved closer to Manchester to be more sociable. Now though I don't have much money to be sociable because the rent and bills are higher 🤣
It's like a catch 22, you either save money and don't have the opportunity to meet anyone, or you love in a place where you are more likely to be able to meet people and can't afford to.
mdzmdz@reddit
Mostly free porn sites, wait, was that not what you were asking?
Antergaton@reddit
I do not drive, saves a lot of money.
UnusualGoal8928@reddit
The same way that everyone manages - by making choices and compromises to suit your budget.
It's obviously more expensive, and the Council Tax discount while welcome doesn't scratch the surface of that. But everyone wants state support for their own specific circumstances, and it can't all be done. I'd rather have policies that made housing more affordable generally (and stockpiling housing for short term lets more expensive) than propping it all up with public money.
ImpressiveGrocery959@reddit
Have you considered a lodger?
Dartzap@reddit
"Frugally" is my best and only answer. I scrape by. I have a small stocks and shares account I raid when I get low on funds at the end of the month, as and when.
I earn a decent chunk less than the national median, but it is possible.
kittykat7931@reddit
I’m going to end the month with the sum total of zero…. It is becoming more of a struggle with increasing fuel costs. I just don’t go on holiday or do anything extravagant and prioritise. I do have animals that if I got rid of would make me considerably richer but that’s not happening. I’ve noticed the food shop has increased considerably over the last couple of months too so I bulk buy and batch cook so I’m only topping up with fresh stuff during the month and really limit what I buy. I’ve planted loads of veg in my garden which is all starting to grow so hopefully that will decrease some of my costs over the summer and every time overtime is offered I snap it up.
GlumAd9856@reddit
I moved away from my home town in the South East to Yorkshire. It was the only way I could afford to have a proper house to myself without having to give up a vast chunk of my income.
It's a big compromise - i'm now 3.5 hours drive away from all my family and friends. And it's not like I have a ton of disposable income. But I can at least do things and don't have to worry about all the issues of living in a flat.
The_Chosen_Eggplant@reddit
Renting in a cheaper town. I have lived alone for a decade and that's the only way I have done it. City's are ridiculously priced.
lucylastic89@reddit
with great difficult. i’m really struggling. every pound is accounted for
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