Are you going to rent, buy, live with friends? Do you eat a lot, do you need a lot to travel to work? Do you even have a job?
If you're buying a property (certainly in the UK) then bear in mind most mortgage companies will got to 3.5 - 4 times your salary (some do go to a maximum of 5 times your salary). In other words if you earn £20,000 then they'll lend you a maximum of £100,000 (at the very most!), so try to save at least a 5% deposit for the property.
Also factor in things like heating, water, electricty, council tax (UK) and a myriad other things that you have to pay whether buying or renting.
Put it this way, my monthly outgoings are around £850 per month, before I even consider enjoying myself.
2006-06-19 06:03:31
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answer #1
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answered by sirdaz_uk 3
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Depends on where you are moving to and how much that cost to stay there. Wherever that may be, you should save up at least 3 months worth of money where you can survive (pay bills and eat) if you were to lose your job or get injured. Keep in mind that many leases are for 1 year.
2006-06-19 05:18:30
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answer #2
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answered by Jon P 1
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In figuring out how much, include these cost factors:
rent- include first and last months rent and cleaning deposit
utilities-deposit
phone/cable- deposit
food-
Plan on moving IN not OUT
What else will you need to move in?
Hope this helps.
2006-06-19 05:37:37
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answer #3
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answered by karen-morrison7@sbcglobal.net 1
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depends on if you have home furnishing or if you are buying or renting. I would say @ least $5,000
2006-06-19 05:18:49
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answer #4
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answered by boredgirl 4
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