My lease is up at the end of July and my roommate will be moving out at that time. (I'm lucky enough to have her for the end of the lease). Currently I'm paying around $1000/mo. This includes rent, water, electricity and internet. My roommate gives me $450 for her part.
I'm considering moving to a VERY CHEAP place for at least 6 months. Where I'm currently at I could get rent as low as $250/mo. I've seen places that I'd rent out that cost about $300/mo. With the cost of utilities I could pay approximately $500/mo. This would save me about $500/mo and $3,000 for 6 months. Or I could rent this low for a year and save about $6,000.
With this money I'd like to pay stuff off. At this point I'm just "making payments" and that's no conducive to being debt free.
What are ya'lls thoughts?
Moving to Cheaper Rent?
January 15th, 2014 at 03:37 am
January 15th, 2014 at 03:45 am 1389757539
January 15th, 2014 at 03:46 am 1389757602
I am personally a big believer in getting rents down as low as possible in a situation like yours. I would think outside the box and live with roommates. I would not live in an unsafe neighborhood. Just that kind of thinking. (This is what I did when I was younger, until we saved up enough to manage the high cost of living, where I am from. Small space, roommates, whatever. Bad neighborhood, cockroaches, no thanks?).
January 15th, 2014 at 05:01 am 1389762066
so i'm looking for someplace that I can live myself for a good minute. if I do this then I can possibly pay off 2 "small" things during that time or one "large" thing.
it's something to consider. maybe i'll try to find someone that is already looking for a roommate. then my expenses would be fixed...
January 15th, 2014 at 05:42 am 1389764525
Moving is a lot of work and you need to factor in any costs like rent a truck, change utilities etc. Once established, cockroaches and vermin are truly invasive and if you add in safety factor, option one sounds awful. I guess your last solution sounds best, someone who needs a room mate. Take a flashlight and look for evidence of bugs under the sink or in a dark corner. You could throw up a 'wanted' ad on Craigslist to see what comes up.
January 15th, 2014 at 06:06 pm 1389809173
January 15th, 2014 at 07:11 pm 1389813076
January 17th, 2014 at 12:38 am 1389919119
I also have to think if I move in with someone do I sell the couch or store it and some of my other furniture.
there are some mobile neighborhoods that i'd be willing to move to (manufactured double-wide homes) that are pretty nice and my expenses would come up to $500 minimum which is exactly what I would want.
Although with a roommate it could come up with less than that inclusive. I hate living paycheck to paycheck. I want to pay things off instead of waiting 2.5 years when I stop paying alimony...
no fees involved in changing utility services btw.