Is it smart for me to get a bigger place
Hi everyone! I’m a 20-year-old university student currently living in a small studio flat with access to a communal lounge. I love hosting friends and family—especially visitors coming from out of town—and often have group gatherings of 5+ people over at a time. However, the severe lack of space is becoming a major issue. My studio can’t comfortably fit more than one person overnight, and having guests sleep on the couch in the communal area leaves them completely exposed with zero privacy, making overnight visits really uncomfortable and awkward. To be honest, I would just love a bigger space, so I’m considering moving into a 2-bedroom flat. They typically go for £1,100–£1,200 per month excluding utilities in my area. Since my current rent is all-inclusive, I’m not sure how much standard bills (electricity, gas, water, internet, etc.) usually cost each month. Below is a breakdown of my current monthly budget—based on these numbers, would moving into a 2-bed flat be a smart financial decision
Living expenses
Rent
£850
Food
£200
Home essentials
£25
General spending
£150
Phone
£15
Apple (storage)
£3
Prime
£9
Spotify
£6
Netflix
£6
Apple (insurance)
£10
laundry
£40
Transport(uber)
£30
ring
£5
bus pass
£40
Curry’s
£20
Total
£1409
Income
£2300
Spending
Living expenses
£1409
loan
£100
Emergency fund
£100
ISA
£200
General savings
£150
travel
£100
Gift fund
£50
Shopping fund
£50
Nails
£70
laser
£35
brows
£15
total
£2239
Left over
£21