Jul
17
With the current recession, I’ve heard a lot of reports of people combining households to save money. Grown adults are moving their families in with their parents, either to help them save money or to take care of their parents — or perhaps a little of both. College students and graduates who have just recently joined the work force are moving in with their parents or getting roommates to help them save money in a time when this has become more important than ever.
A communal household really can help you save a lot of money. Of course, if both the families who are moving in together have whole households full of stuff, then chancs are at least one of you will need to put some stuff into self storage. The cost of personal storage is pretty minimal, though, when you consider how much money you will save on rent and other expenses!
Just be sure, when you are combining households to save money, that you have a plan in place to ensure that you actually DO save money. It is easy to get carried away and spend the extra instead of saving it. But if you sit down and run the numbers ahead of time, and make plans to set a certain amount into a savings account every month, you will ensure that combining households (and dealing with what we all know is a real trial) won’t have been for nothing.
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I’m currently looking for housemates because it’s too much to handle and pay all the expenses myself. Getting housemates makes a lot of sense.
Great post!
Communal households doesn’t only save money but it’s a great way to spend quality time with the family. It can be chaotic at times but at least you’re never bored.