This is default featured slide 1 title
This is default featured slide 2 title
This is default featured slide 3 title
This is default featured slide 4 title
This is default featured slide 5 title
 

News For This Month: Guides

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.

The average of $550 per month of mortgage payment and rent in some hometown is considered not that high. From a monthly rent of one thousand dollars, a person could get 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.

Methods on how to lower housing costs.

1. Find a roommate
A lot of people would consider having a roommate as one of the easiest method to save money on the rent for housing without having to do some big sacrifices.
Even if having a roommate is really not convenient, it is still a viable option especially if you really love the place where you are currently living in. 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.
It is important that you should always make sure that you screen the possible roommates, the best place to find one is with the family and friends that you have. That is because you will be sharing your place with that person.

2. Lower down the need for space
Barry Weir, which is the writer of this article, did this after he got divorced and it worked perfectly 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. If it is possible, you might want to let your kids share a bedroom.

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. 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. You should take note that this is not a permanent solution, you should consider this as something that is temporary until you will be financially stable.