People often overestimate how much stuff they truly need versus how much they are used to having around. You may choose to rent a place just based off of how much stuff you currently own, but you should really be looking at how much of that stuff you can discard. Take a serious look at your belongings and take inventory of what actually matters and what you can do without — it may affect the space you choose next. If you can downsize, you’ll be able to save more for life events, travel and more.
Negotiate Your Rent
Not all landlords are open to negotiating rent, but it’s always worth it to ask. Take a look at what other apartments in the area are going for and see if they are competitive. If they are, go through the amenities that come with your apartment — will you use them? For example, if your apartment comes with a parking spot but you don’t have a car, talk with the landlord to see if they will lower the monthly cost if you don’t need the space.
Take Advantage of Your Busy City
There are many convenience-based businesses you can take part of in your free time to make some extra funds on the side. Residents of big cities (and sometimes small ones too) can take advantage of on-call ride shares like Uber, dog walking with Wag! and renting out space through AirBnB. These app-powered businesses let you work however many hours you’d like, whenever you’d like. The flexibility makes it less like a chore and more like a convenient way to pad your income.
Use Alternate Transportation
While not every major metropolis has award-winning public transit, there are viable alternatives even in the worst scenarios. If the weather allows, choose biking! Not only is it good for the environment, it’s good for your heart health and financial health. Look up used bikes on Craigslist to save if you’re in the market for a new bike.
Bored? See Your Tax Dollars at Work
Going to the movies could cost you and a friend over $20. Add on popcorn and snacks? You’re talking a big night out for your wallet. The parks department in many major cities will sponsor free events throughout the year. Check out the website of your favorite museum for free days. Your city might also sponsor movies in the park, live music and more — check out your park district’s website for a calendar of events.
1CBS News. (February 6, 2014). 10 most expensive cities in America. Retrieved March 31, 2017, from http://www.cbsnews.com/pictures/10-most-expensive-cities-in-america/2/