I moved out of my household house for the primary time final yr. I am 24F
I’m on minimal wage and I’ve been residing very strictly with cash ever since I moved. I knew I wasn’t saving as a lot as I used to when residing at house however I’ve totted up all my funds as we speak and realised I’ve solely infact saved £136 in that total yr which is ALOT- like 10x LESS than what I saved the yr earlier than when residing at house.
So principally I’ve been residing paycheck to paycheck, nonetheless being tight with my cash, not going out each weekend, uncommon takeaways and I solely have £136 to point out for it in a yr. I really feel like this is not working.
I spend 640 hire, 24 water, 64 elec (doubles in winter months, that is rising once more subsequent yr), 128 council tax, 27 broadband, TV licence 40 quarterly, about 160 on meals every month, 80 gas, go away myself 150 for issues I would like however principally will get spent on micellaneous issues like toothpaste or lightbulbs. I can not actually get my payments down anymore residing alone. I’ve labored out I may scale back my prices by £273 residing with a flatmate, however the points with this are realistically I’ve nobody to do that with. Additionally I want to spend this cash to reside slightly extra in my 20s however then my financial savings stays nonetheless alot decrease than residing at house.
I put away wherever between 50-250 financial savings every month and acquire about 50 month-to-month curiosity from my financial savings accounts. Any further financial savings on the finish of the month I put the kilos and pennies into financial savings. Regardless of feeling like I am saving alot, I’ve to take cash out of financial savings on the event both to pay for automotive repairs, dental issues, elevated electrical invoice. This yr I’ve additionally spent 2k getting the furnishings naked minimal for my flat so I assume I can take that out of subsequent yr?
What I am saying is I’m actually disillusioned how a lot I’ve really saved, I am depressed that Ive simply been residing to work principally with nothing to point out for it, cannot afford a pleasant vacation and even little journey away. I do know I would like a greater job with larger pay however am I actually within the monetary scenario that I ought to be transferring out by myself on the wage I am on now? I really feel prefer it’s a lot wiser to maneuver again in with my mother and father however am I simply being dramatic with my financial savings? Ought to I care much less?