How To Lower The Housing Costs
Some of the online users that were in a recent money forum online pointed out that the price of their rent is half the monthly income of one person.
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.
The average of $550 per month of mortgage payment and rent in some hometown is 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.
If you are in a situation where the cost of rent for your house is more than you can deal with, then below are five methods in order to bring it back down.
Ways to lower your costs for housing
1. Look for 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 quite true especially if you have purchased a home and do not have chance to move to a much lower cost place like renters often 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. Lower down the need for 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. Transfer to the country or suburb
There is a very big difference in the cost of living between the suburb and a big city. If you are renting some space to live in, then you can save a lot of money if you will move farther away from the city. 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.