A
female
age
30-35,
anonymous
writes:This may at first sound like I'm seeking money advice, but bear with me! I need to explain everything in case you get the wrong idea!Boyfriend and I will be soon moving in together. The flat is actually owned by our flat mate who will be sharing the flat with us. Unfortunately, we've had communication problems about paying rent and and our flat mate has now made it clear he wants the first months rent straight away before moving in. Boyfriend and I are spilting the rent in half but as i get paid monthly, and my bf gets paid weekly so we can't have the whole amount now unless we wait till I get paid again. However, my bf wants to try to move in straight away so the flat mate suggested that my bf goes into his overdraft but my bf said he doesnt want to do that as its for his holiday next month. Here's my question, would you consider that being selfish of him?
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female
reader, So_Very_Confused  +, writes (5 July 2012):
 going into the OVERDRAFT is taking out a loan to pay a bill.
it's not fiscally sound.
normally it's first month's rent, last months' rent and one months' rent for a security deposit. ONE month in advance is a good deal.
BIG concern for you two if you are living so paycheck to paycheck that you don't have enough of a cushion to cover a month's rent.
what will you do if one of you loses your job or gets sick and has no income?
A
female
reader, Aunty BimBim  +, writes (5 July 2012):
 Paying rent one month in advance is not an unusual requirment, if you can't afford to move in this month you may have to wait another month, the extra month should also give you time to organise your budget to ensure you always have your proportion of the rent available to be paid in advance.
If your landlord is willing to wait anotherr month and its your boyfriend pushing to move in earlier then he should be prepared to lend you the money for the three or four weeks until you are paid again.
Money causes a lot of problems in relationships, make sure you both, and your landlord, get any arrangments and respobsibilities in writing to avoid any further miscommunications.
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A
female
reader, Dorothy Dix +, writes (5 July 2012):
Hi there. I can understand that he doesn't want to dig into his holiday savings, as once he draws out that money - it's gone forever, isn't it?
Which is fair enough.
He may have already booked his holiday, and so might need to pay something on hotel accommodation, or if it's a tour.
The other possibility, is if you get paid before the end of July, you could then repay that money he used from his holiday account, in which case he can deposit it in there as soon as you give it to him.
And hopefully, to draw out 1 month's rent won't be the total amount in there.
So in other words, it won't effectively close that account because of a nil blance.
If he still has at least $100 or $200 left in the holiday account after drawing the 1 month's rent out, well then he can replenish it when you get paid at the end of the month.
That does seem like a reasonable solution.
And it's easy to manage.
You just need to explain this to him and make it clear, of your intentions.
Keeping in mind, that it's only the first month that's going to be difficult - at least until you get paid, that is.
From the second month on, you will already still have money in your bank account from the last pay.
All you need to do, is budget for 1 eighth of the rent every week, which is your half of the rent, so you have the full half of the rent by the next time it's due again.
It should be plain sailing from thereon in.
And no, I don't believe your boyfriend is being selfish at all.
He's worked hard for that money, and could have been saving for this holiday for a whole year!
So he doesn't want to just blow it all, does he?
Just explain to him, what I said here about temporarily drawing out the month's rent - just until you get paid - in which case the money from you, goes straight back in the account again.
If he doesn't agree to this, well then the moving in is going to have to be delayed another month.
That's another option.
The way I see it, there really is no other option, because there isn't the money, is there?
So it's either:-
(1) Him to draw out the whole month's rent from his holiday account. Then you repay him at the end of the month.
(2) Borrow the rent from someone else - then repay them, when you get paid.
OR (3) Moving has to be delayed another month - till you get paid.
So there you have it.
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A
female
reader, LaceratedReality +, writes (5 July 2012):
I would consider you pushing the issue to be selfish of you. Why should he go into overdraft because you cannot pay your part yet? Be financially responsible, wait until you get paid next.Also if you cannot afford to pay the rent partway through the month, sounds like you are spending too much money anyway and are not good at budgeting. That money should always be available whether it is the start of the month or the end of the month. Are you sure you are ready to move out yet?
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