Ways On How To Lower Housing Costs
Some people that were in a recent money discussion pointed out that the half amount of the monthly income of one person is the price of their rent.
The writer of this article lives in rural Ohio and ever time he will hear about the amount of money that is needed by people in order to pay their rents, he is always shocked.
In some places, the average of $550 per month on rent as well as payment for mortgage are considered not that high. A thousand dollar per month on rent would get a person a small mansion.
But because of the need to pay one thousand dollars or more on a monthly rent is really tough for most people, that will result to them having to avoid taking charge on their personal finances.
This article will provide five methods on how you can bring down the your finance problem if you are one of those people that could not handle the cost of rent for their houses.
Ways to lower your costs for housing
1. Getting a roommate
One of the simplest way to save money considered by a lot of people on the rent for housing without have to do any big sacrifices is to look for a roommate.
If you really love the place that you are currently living in, then looking for a roommate is still a viable choice even if it is not that convenient. This is really true if you have purchased a home and do not get the luxury to move to a much lesser cost place like some renters do.
The best place to find a roommate is with your friends and family, and always make sure to consider screening any possible roommate. That is because you will be sharing your place with that person.
2. Reduce the space
Barry Weir, the writer of this article, was forced to do this after he got divorced and it worked really perfect for him.
You can always look for a smaller place than the one that you have or even better, you can find a small living space in a less expensive area. You can have your children share rooms if that would be possible.
3. Move to the country or suburbs
There is a very big difference in the cost of living between the suburb and a big city. You will be able to save a lot of money if you will move away from the city if you are one of those who are renting some space. Always take note that this will not be considered as a permanent solution, you will be doing this until you will be stability in your personal finance.