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Can't afford to buy or rent and no assistance available!

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    #92
    jimmycrackcorm
    Registered Users Posts: 14,339 ✭✭✭✭jimmycrackcorm


    Cape Clear wrote:
    Is car pooling an option to cut costs? €4,200 is a lot to spend on a car does this also include maintenance insurance etc. I spent about €2,700 on my car last year a 9 year old diesel doing 13,000 miles or so. This includes service,fuel, tax & insurance.


    The op should definitely keep the car. Apart from needing it to access his kids and commute, don't forget that he could keep it for 9 years like you and only have to pay a fraction of what you are quoting as an example.

    His is electric.


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    #93
    dubrov
    Registered Users Posts: 3,571 ✭✭✭dubrov


    I don't think trimmng your spending is sustainable long term. You already don't spend much and it will make you miserable of you cut sending further.

    The problem is that you just can't afford as 2 bed in Dublin and a car so something will have to give.

    Renting a large one need instead would seem like the best compromise.


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    #94
    vandriver
    Registered Users Posts: 3,462 ✭✭✭vandriver


    Where would you charge your Leaf in an apartment?


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    #95
    ELM327
    Registered Users Posts: 21,990 ✭✭✭✭ELM327


    dubrov wrote: »
    I don't think trimmng your spending is sustainable long term. You already don't spend much and it will make you miserable of you cut sending further.

    The problem is that you just can't afford as 2 bed in Dublin and a car so something will have to give.

    Renting a large one need instead would seem like the best compromise.
    Except he'll lose overnight access to his kids so it's not a "best compromise"


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    #96
    fash
    Registered Users Posts: 2,275 ✭✭✭fash


    One possible additional consideration: if you have a reasonably realistic plan in place to save for a deposit etc ( while waiting for salary increases) , I'd imagine your parents would be open to extending the stay at their house for a fixed time period (1 year/ 18 months or something like that).


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    #97
    Cape Clear
    Registered Users Posts: 2,646 ✭✭✭Cape Clear


    jimmycrackcorm wrote: »
    The op should definitely keep the car. Apart from needing it to access his kids and commute, don't forget that he could keep it for 9 years like you and only have to pay a fraction of what you are quoting as an example.

    His is electric.

    Didn't suggest he get's rid of his car but that he shares the costs in commuting to work. Keeping it for 9 year isn't an issue the issue is what it's costing him at the moment.


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    #98
    Cape Clear
    Registered Users Posts: 2,646 ✭✭✭Cape Clear


    Evd-Burner wrote: »
    Regarding budgeting, I have been keeping a fairly close eye on what I spend over the last year or so. I only drink coffee in work and at home where it's free. I bulk make lunches etc for work which keeps the cost down and I rarely eat out.

    So right now the trip to work from where the kids are is 36km and the trip from my parents to work is 28km via cycling. I'm fit and can run 10km with ease in about 55 minutes, but I don't think I'd have it in me for 70km round trip 5 times a week, each way is averaging out at almost 2 hours and I genuinely wouldn't feel safe on a few stretches of the journey.

    I've decided I'm going to pay off the car loan and I worked it out that between now and when I would need to move out that I would save almost
    1000 in interest,     I'll put the money I was paying towards the loan back into my mortgage savings. That coupled with more realistic electricity and heating costs and internet dongle idea will bring me up to 1450-1500 in terms of payable rent. There is also talks of either free or reduced m50 tolls for electric cars, if that came in it would help. Before I do pay the loan I'm going to arrange meeting a mortgage broker as without the loan I might be able to borrow more. I'll pop an update on the thread after I meet with a mortgage broker.

    Another option I have this year is that there are a number of opportunities to work abroad with the company where I'd get a decent amount of extra pay. That could boost my salary enough for this year to show a P60 with higher pay so I could get a higher mortgage. It would involve applying to join on of those teams which may take a few months.

    You may have to pay charges if you pay back the car loan early so the interest savings may not be as much as you have calculated. Have a look through the T&C's


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    #99
    Graces7
    Registered Users Posts: 32,634 ✭✭✭✭Graces7


    Tombo2001 wrote: »
    Irony being that there are families in two bedroom houses / apartments the length and breadth of the country that have a boy and girl in the same bedroom. And no court has ever made an issue of it.

    Schools report this if they find out from the kids. Had a friend who got into terrible trouble,

    More of a Social Welfare issue than a court. And rightly so


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    #100
    Graces7
    Registered Users Posts: 32,634 ✭✭✭✭Graces7


    ELM327 wrote: »
    Except he'll lose overnight access to his kids so it's not a "best compromise"

    Boy in with dad, girl on a folding bed in the main room.


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    #101
    ELM327
    Registered Users Posts: 21,990 ✭✭✭✭ELM327


    Graces7 wrote: »
    Boy in with dad, girl on a folding bed in the main room.
    As stated by me and others here, that doesnt get accepted by the courts if it's contested by the other parent.

    How long would "boy in with dad" be accepted in reality anyway, until the child is what 6-8-10-12-14....?
    A ridiculous argument.


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    #102
    .......
    Closed Accounts Posts: 9,057 ✭✭✭.......


    This post has been deleted.


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    #103
    [Deleted User]
    Posts: 24,714 ✭ [Deleted User]


    First thing I'd say is I can't believe your parents are not more willing to let you stay on. Surely they would be delignted to help you out for as long as needs be.

    You mentioned that they are thinking of moving abroad or trading down, as someone else mentioned could you rent or buy their place? Its likley outside your budget but they could sell it to you at a price you can afford (esentially gifting you the difference between market price and what you can afford). It would just be an early inheritance.

    I really can't understand people taking about dropping the gym and internet, the cost is insignificant compared to the maintenance or the price of rent and they are both give very high value for their cost. Internet especially is absolutely esential nowadays adn saving 15 euro a month by going from a proper wired unlimited high speed connection to a capped wireless soultion with potential for large varationion in perfromance is insane imo.

    Graces7 wrote: »
    Schools report this if they find out from the kids. Had a friend who got into terrible trouble,

    More of a Social Welfare issue than a court. And rightly so

    I find this hard to believe, there are thoudands of kids sharing bedrooms around the country. Once they have seperate beds there is nothing wrong with primary school aged kids of different genders sharing and there is no way social welfare would get involved. Its gone beyoned a joke that people are even highlighting it. A one bed I can see as not working for the op but a two bed would be fine, kids in two single beds in one room and the op in another.


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    #104
    messy tessy
    Registered Users Posts: 889 ✭✭✭messy tessy


    Santana Squeaking Python wrote: »
    First thing I'd say is I can't believe your parents are not more willing to let you stay on. Surely they would be delignted to help you out for as long as needs be

    But this is not the case here. They let him move back in with them for three years which was decent. For them to want their own space when their kids are adults (with children of their own) is not unreasonable.


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    #105
    .......
    Closed Accounts Posts: 9,057 ✭✭✭.......


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    #106
    Evd-Burner
    Registered Users Posts: 1,456 ✭✭✭Evd-Burner


    I'm already back home 3.5 years and I have a year left.I believe they were fair from the get go. I wouldn't be able to afford to buy it at market value and they wouldn't be able to afford to sell it to me below market value, plus I have 3 siblings who would not be happy about it. During the time at home I have saved as much as I can, it's only in the last year that I have gone up to my current salary level where I was able to save a lot more than before.

    I took the car loan out via the credit union and there is no penalty for early repayment (thank god).


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    #107
    Owryan
    Closed Accounts Posts: 4,024 ✭✭✭Owryan


    Graces7 wrote: »
    Schools report this if they find out from the kids. Had a friend who got into terrible trouble,

    More of a Social Welfare issue than a court. And rightly so

    Social welfare have nothing to do with a child's sleeping arrangements

    Some councils will base needs on the gender of children so a boy and a girl could mean the family needs a 3 bed.

    I have seen social workers express concern over boys+girls sharing a bedroom but it depends on the circumstances. 4 or 5yos might be ok but two teenagers probably not.


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    #108
    [Deleted User]
    Posts: 24,714 ✭ [Deleted User]


    ....... wrote: »
    This post has been deleted.

    It's just alien to me as if I had to move home permanently my parents would only be delighted to have me.


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    #109
    GoneHome
    Registered Users Posts: 1,783 ✭✭✭GoneHome


    Evd-Burner wrote: »
    That could boost my salary enough for this year to show a P60 with higher pay so I could get a higher mortgage.

    :rolleyes: Oh dear


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    #110
    listermint
    Registered Users Posts: 33,948 ✭✭✭✭listermint


    There's apartments all around Meath within the OPs budget Ashbourne etc and definitely around. Navan.

    It seems to me that buying and apartment would be pretty easy if you are willing to accept you can't do it in your immediate locality.

    Also consider shifting jobs to blanchardstown or north side of Dublin somewhere


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    #111
    Cape Clear
    Registered Users Posts: 2,646 ✭✭✭Cape Clear


    Evd-Burner wrote: »
    I'm already back home 3.5 years and I have a year left.I believe they were fair from the get go. I wouldn't be able to afford to buy it at market value and they wouldn't be able to afford to sell it to me below market value, plus I have 3 siblings who would not be happy about it. During the time at home I have saved as much as I can, it's only in the last year that I have gone up to my current salary level where I was able to save a lot more than before.

    I took the car loan out via the credit union and there is no penalty for early repayment (thank god).[/QUOTE]

    Good for you I hate to see people getting caught with these kind of penalties.


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    #112
    .......
    Closed Accounts Posts: 9,057 ✭✭✭.......


    This post has been deleted.


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    #113
    Graces7
    Registered Users Posts: 32,634 ✭✭✭✭Graces7


    ELM327 wrote: »
    As stated by me and others here, that doesnt get accepted by the courts if it's contested by the other parent.

    How long would "boy in with dad" be accepted in reality anyway, until the child is what 6-8-10-12-14....?
    A ridiculous argument.

    Has to work in some families . Many families. Boy and girl are in separate rooms which is what matters.


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    #114
    ELM327
    Registered Users Posts: 21,990 ✭✭✭✭ELM327


    Graces7 wrote: »
    Has to work in some families . Many families. Boy and girl are in separate rooms which is what matters.
    Nuclear families perhaps but a)it is not and should not be long term and b) in the cases of non-nuclear families involving court proceedings it will not happen if contested.


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    #115
    [Deleted User]
    Posts: 24,714 ✭ [Deleted User]


    Graces7 wrote: »
    Boy and girl are in separate rooms which is what matters.

    Why do you say "which is what matters"? Why have you such an issue with young kids of different genders sharing a room its the norm for a large number of people all around the country and the world. Obvioulsy when you get to teenage years then it becoomes an issue but for primary school kids sharing a room (with seperate beds obvioulsy) is not an issue. I can't believe its even being discussed in this way (except in the case of a 1 bedroom whcih isn't suitable in the ops situdation).

    How many bothers and sisters had bunk beds down throuh the years and still do for instance?


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    #116
    .......
    Closed Accounts Posts: 9,057 ✭✭✭.......


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    #117
    Pelvis
    Closed Accounts Posts: 1,758 ✭✭✭Pelvis


    Santana Squeaking Python wrote: »
    Why do you say "which is what matters"? Why have you such an issue with young kids of different genders sharing a room its the norm for a large number of people all around the country and the world. Obvioulsy when you get to teenage years then it becoomes an issue but for primary school kids sharing a room (with seperate beds obvioulsy) is not an issue. I can't believe its even being discussed in this way (except in the case of a 1 bedroom whcih isn't suitable in the ops situdation).

    How many bothers and sisters had bunk beds down throuh the years and still do for instance?

    How many times does it need to be said, it matters to the COURTS!

    Can we move on please?


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    #118
    Electric Sheep
    Registered Users Posts: 2,106 ✭✭✭Electric Sheep


    Santana Squeaking Python wrote: »
    First thing I'd say is I can't believe your parents are not more willing to let you stay on. Surely they would be delignted to help you out for as long as needs be.

    You mentioned that they are thinking of moving abroad or trading down, as someone else mentioned could you rent or buy their place? Its likley outside your budget but they could sell it to you at a price you can afford (esentially gifting you the difference between market price and what you can afford). It would just be an early inheritance.

    Most likely the parents see their house as financing their retirement rather than anyone's inheritance.


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    #119
    RandomUsername
    Registered Users Posts: 276 ✭✭RandomUsername


    I've not read the full thread OP but from what I gather you get the kids at the weekend. What about renting a 2 bed apt near work (currently out of budget) saving money on the commute & renting out the 'spare' room on a Monday to Friday basis supplementing the extra rent

    You could have the kids in it on the weekend. If you don't want to go changing bedclothes etc he could just have a fold out bed under the main one.
    There must be a big demand for a Monday to Friday room considering the housing crisis.


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    #120
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    RandomUsername wrote: »
    I've not read the full thread OP but from what I gather you get the kids at the weekend. What about renting a 2 bed apt near work (currently out of budget) saving money on the commute & renting out the 'spare' room on a Monday to Friday basis supplementing the extra rent

    You could have the kids in it on the weekend. If you don't want to go changing bedclothes etc he could just have a fold out bed under the main one.
    There must be a big demand for a Monday to Friday room considering the housing crisis.

    +1
    Get the property close by one of the universities or colleges- and you should have no difficulty whatseover finding Mon-Fri lodgers- and the house to yourself during the summer/weekends/other holidays- when you'd be most likely to want it for the children?


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    #121
    AndrewJRenko
    Registered Users Posts: 29,002 ✭✭✭✭AndrewJRenko


    Evd-Burner wrote: »
    I took the car loan out via the credit union and there is no penalty for early repayment (thank god).
    Cape Clear wrote: »
    Good for you I hate to see people getting caught with these kind of penalties.

    Me too, but the usual credit union practice of holding savings against loans can cost the lender more over the lifetime of the loan than any penalty.


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