Cost of living crisis - how are you all doing?

[halfmist]

Nice one Mr K, I get the gist but sorry I cannot be arsed watching it for the full 6 minutes.
But please, don’t rely on the lottery for your fortune it ain’t going to happen, it’s a fools dream

 

[Uncle Wally One Ball]

Im doing a bit better since they stopped selling Caramac bars. Been a long term addict, one or two a day. Looking to save at least £60 a month through their non availability

 

[MCFC Wirral]

You only need to walk around any Town Centre and the only bags seen are the Primark ones.

I think I’d sooner wear clothes than eat naked.

 

[Nightmare Walking]

I'm in a bit of a pickle. Mortgage is about to go up by around 230 a month. I had a mortgage in Manchester which was 330 a month and only had 8 years left on it. Moved to Somerset and took a 22 year mortgage at £730 a month, as I thought that it would be a better life compared to Newton Heath. It was financial suicide. The next few years are going to be a real struggle for me.
I am contemplating coming back north. I have some equity in my house, could get a cheaper mortgage and pay my car loan off. I really do not want to move back north (just yet). But, it does not make any sense being down here, when all my mates and family are up north and not having a penny to do anything.
It's absolutely soul destroying and starting to drag me down. I just don't know why to do.

 

[Bill Walker]

I'm in a bit of a pickle. Mortgage is about to go up by around 230 a month. I had a mortgage in Manchester which was 330 a month and only had 8 years left on it. Moved to Somerset and took a 22 year mortgage at £730 a month, as I thought that it would be a better life compared to Newton Heath. It was financial suicide. The next few years are going to be a real struggle for me.
I am contemplating coming back north. I have some equity in my house, could get a cheaper mortgage and pay my car loan off. I really do not want to move back north (just yet). But, it does not make any sense being down here, when all my mates and family are up north and not having a penny to do anything.
It's absolutely soul destroying and starting to drag me down. I just don't know why to do.

Is North Wales still cheap ? I used to like it there, Motorway and train to Manchester as well. Maybe an option ?

 

[city2]

I'm in a bit of a pickle. Mortgage is about to go up by around 230 a month. I had a mortgage in Manchester which was 330 a month and only had 8 years left on it. Moved to Somerset and took a 22 year mortgage at £730 a month, as I thought that it would be a better life compared to Newton Heath. It was financial suicide. The next few years are going to be a real struggle for me.
I am contemplating coming back north. I have some equity in my house, could get a cheaper mortgage and pay my car loan off. I really do not want to move back north (just yet). But, it does not make any sense being down here, when all my mates and family are up north and not having a penny to do anything.
It's absolutely soul destroying and starting to drag me down. I just don't know why to do.

Live within your means, why would you want a huge mortgage the obvious solution is downside and feel the stress disappear

 

[Alan Harper's Tash]

Live within your means, why would you want a huge mortgage the obvious solution is downside and feel the stress disappear

The interest rate rise has been huge and quick. Guess he’s one of the unlucky ones to have timed his upsizing incorrectly.

Downsizing will ease his pain, but won’t make him feel better. The map he had for the next stage of his life needs to be changed and that’s upsetting for anyone.

 

[paulchapo]

I'm in a bit of a pickle. Mortgage is about to go up by around 230 a month. I had a mortgage in Manchester which was 330 a month and only had 8 years left on it. Moved to Somerset and took a 22 year mortgage at £730 a month, as I thought that it would be a better life compared to Newton Heath. It was financial suicide. The next few years are going to be a real struggle for me.
I am contemplating coming back north. I have some equity in my house, could get a cheaper mortgage and pay my car loan off. I really do not want to move back north (just yet). But, it does not make any sense being down here, when all my mates and family are up north and not having a penny to do anything.
It's absolutely soul destroying and starting to drag me down. I just don't know why to do.

Wow that's tough. I don't want to make light of your situation but given your post your username did make me chuckle.

I'm slightly confused as to why you moved to Somerset when all your family and friends are here. I know you said a better life but unless you're married or have a partner with you is it better if you have no friends and family down there?

I'm not sure when you made the move but if recently it was insanity. After the money spunked during lockdowns it was obvious a huge financial price was going to have to be paid. As you only had a low mortgage and were a few years from paying it off, would it not have been better going all out to do that and then move, using the capital from any house sale?

Hindsight is a wonderful thing though. I wish you good luck, I hope things pan out for you.

 

[Phil1]

Live within your means, why would you want a huge mortgage the obvious solution is downside and feel the stress disappear

Did you even read his post? Fuck me, he's not living a champagne lifestyle, he's chose a place to live where unfortunately the costs have caught up and he's gotta make a big life decision to go back to where he was. That shouldn't be something to casigate, it should be something to admire and be admired for trying.

 

[I'm With Stupid]

That house is going for 3k a month in London now.