If you have investments, let’s treat those as liquid cash for the sake of argument. Otherwise, the assumption is that you’re not selling property or possessions, but continuing to live as you do now.
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What do you do about housing/rent?
3 months at the absolute most, likely significantly less, even after cutting out all “luxuries” like paying for internet/phone/electricity/water.
70% of that would go on rent for my 1-bed flat. And no - I don’t live in a big city. I earn more than most. I spend less than most. I don’t use any subscription services and I pirate everything. I don’t drink, and I never go out to pubs, cinema, (insert paid activity here) because all of that is way too expensive.
The UK is fucked.
Literally the only thing that decides how long I can live is whether or not you rent - whatever you do or don’t do as personal responsibility practically does not matter unless you own a house.
The small variations in rent price are also irrelevant, I used to pay more for less, in the grand scheme of things the variance only amounts to £100-200 per year and usually depends on how much you can tolerate free penicillin on the walls.
The blame is only on boomers who hoard property, jack up rents and collect benefits from the gov’t off worker taxes. Virtually no one else is to blame apart from capitalism more generally.
The same boomers will also soon elect the alt-right and things will get a lot worse and everywhere else seems to be on the same general trajectory.
I used to dream of a utopia like Star Trek. Now 28 days later looks like a utopia.
I used to dream of a utopia like Star Trek.
I earn less than average (£26k), live in the south, most of my hobbies are cheap though. Fair bit of outdoor stuff - touching grass is free.
The media really is pushing reform though, it’s crazy how much press they get. The party that wants to remove your human rights…
I earn almost double and I can’t say I have any hobbies that require spending money anymore, unless upskilling for work counts as a hobby.
Almost all of my hobbies are centered around spending less money, e.g. building an offline music collection to move off Spotify, homelab stuff to host navidrome & jellyfin to move off having any subscription services.
I did buy an acoustic guitar I’ve been absolutely in love with lately. Was pretty cheap for a guitar (£200) but that’s something I suppose.
I was saving for a house but by the time I could afford even the shittiest mortgage I might have to flee the country and as such lose all the gains in my LISA. Might as well live a little I guess.
Bought a house a couple of years ago, just as Truss fucked up the economy so my mortgage sucks. 2 year fix ends soon though so hopefully the rate will drop. Tempting to keep paying the same amount though as I know I am able to and then cut many years off it. Or perhaps even aim to pay a bit more and cut over a decade off. Reducing the size of the debt faster also should mean I can extend the payback period if I have financial issues and its not as much of a problem as there would be more time to work with.
3 months
I’m still recovering from the mistakes I made 8 years ago, for another 3 years maximum, so no savings,
The rest of this month.
A couple months, but
Basically I’ve been saving up for years to redo a leaky moldy bathroom. That wouldn’t get done. Maybe ever
I’ve saved what I could to pay for my kids college. I could ruin their entire future to stay alive
I’m coming up in retirement age with way too little savings. I’ve finally able to put aside enough to catch up a little bit I guess that would go pretty quickly too
A month, maybe. I’d probably get arrested for squatting at work sooner, tbh. If I cut and run to the woods tonight, I could probably make it further, but I’ll run out of food money faster than I could get a reliable food source going before winter hits
Maybe one year
Without cutting back at all, even my frivolous spending and holidays, about six months.
If i cut holidays and frivolous stuff, about twelve months.
If i cut back essentials, sold some stuff, eighteen to twenty four months. If on top i downsized the house, probably five years.
If i could make it to seven years then my private pension would kick in and I can retire. If the government hasn’t already moved the age you can draw a private pension i could be retired already.
I don’t use my car much anymore, so would consider that liquid, and could make the kids pay some rent now they are working (not much), if I sold that and nothing in the house needed repaired or maintained (ha ha ha) I am at almost 3 years. So I guess if I had some fatal illness and was willing to run out all of both my &my husband’s retirement money I could stop working. Well, no, nevermind, I couldn’t, because the medical care would bankrupt us. But we would not immediately starve anymore. It only took half a century to get here!
Buddy I live deep in the Appalachia mountains. I don’t need money at all. All this technology and civilization bullshit is just a bonus for me, not a need.
I could probably make it 6 months maybe slightly more, I don’t spend a lot as it is and where I live has a relatively low cost of living.
Right now, until next month’s mortgage payment comes due. Every time I get something in the emergency fund either an emergency happens or a maintenance that will be an emergency if ignored. Just ordered a new set of car tires about an hour ago, as it happens.
3 years for my wife and I.
Probably 6-7 if we take money out of retirement accounts.
We have been very fortunate in circumstances. Spend about 2.5k a month. In mid twenties.
About 30 months without any cutback on spending. Pure living costs is about 60 months.
