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Accommodation Decision

December 17th, 2009 at 03:32 pm

Currently renting a 2 bed apt for 500 a month. Living alone. The extra bedroom is for storage/guests etc.

Lease runs out in March 2010.

Landlord is willing to give me a new 12 month lease from January 2010 for 450 a month.

However, if I was to share a house with other people, I can rent a room in a house for 200 a month.... some are even advertised for 185 a month.

I'm still hoping, despite this month being a self-inflicted financial disaster, to be debt-free by next April.

My goal from next April will be to build a 10,000 euro Opportunity/Emergency Fund. Now if I was to share a house then I could contribute 250 to 300 euro MORE to this goal every month. Which is a lot of money.

Now sharing has it's own advantages/disadvantages. Advantages include it's probably more social etc. Disadvantage is you might not get on with every one in the house. I also might find it hard to get quiet time to work on the screenplays I want to work on... I am distracted easily..

So what do you think ?

3 Responses to “Accommodation Decision”

  1. monkeymama Says:

    I would be nowhere near where I am today if I hadn't of shared a house with others when I Rented. The rent was a small fraction of a studio apartment. So, *I* think it is a great idea. It is very conducive to saving money fast. (Which is precisely what I did).

    Obviously, there is no such thing as a "Free lunch." Sharing with others is a bit of a sacrifice, but well worth it in my opinion. (In my case I worked/attended school almost 16 hours a day and my roommates were quiet at night - I was never really home but to sleep. Though they also worked 9-5 so I had the house to myself during the day whenever I Was so lucky to not have school, etc. So I admit I had it pretty good.) HEck, for the last year, my 40-ish year old roommate moved out but kept paying the rent because she didn't tell her parents that she moved in with her boyfriend. LOL. (Do you think you would outgrow that at some age?) Now there's a roommate deal! My mom said she had a similar deal in college - her roommate just paid the rent, but was never there. You should advertise to share an apartment or home with someone who just needs an address. Wink

  2. creditcardfree Says:

    Can you get a roommate to share your current place and split the 450 rent? This way you control who your rent with. Set it up, so you give them 30 days notice to move if it doesn't work out. I think it is important to your screen play situation not to have too many roommates/distractions. Good luck!!

  3. frugaltexan Says:

    I'm currently renting a room in a house. For the most part it is a good thing. However, if I'd had a two-bedroom apt, I would have much preferred renting one of the rooms to someone else instead of moving into someone elses home.

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