• Skip to primary navigation
  • Skip to main content
Finance Made Friendly
  • Make Money
  • Save Money
  • Paying Debts
  • Navigation Menu: Social Icons

    • Email
    • Facebook
    • Instagram
    • Pinterest
    • RSS

Archives for December 2022

How to Spend Your Tax Refund

7+ Smart Money Skills that can Make You Rich

December 9, 2022 by Jennifer Leach Leave a Comment

Top money skills you have got to have as a millennial to live richly. Not sure about you, but am I the only one that wants to get rich in 2020?

Living rich is about being wealthy but not necessarily the way you might be thinking.

Sure, living rich can be about having a ton of money and living a super luxurious, wealthy lifestyle but it’s also about being rich in culture, rich in family and support. And just having and leading a rich and fulfilling life.

Learning money skills is fruitful for all walks of life and for everyone from people working fun retirement jobs to teens earning a side hustle, young adults, millennials, and more.

I’m gonna share some top money skills to help you get there and yes money can help you become wealthy as well as live rich in other ways and I’ll teach you how. Keep reading.

Top Money Skills Required for a Rich Life

Did you know that becoming rich doesn’t mean making more money necessarily?

There are a ton of ways that you can change your lifestyle and habits to help you become rich, like saving money.

You want to be be financially mindful and make small changes to help you grow your wealth and ultimately become rich. This post will show you some small ways to save money and grow your wealth in the process, like investing in meal prep containers instead of buying disposable plastic bags, for example.

These methods will beef up your wealth in no time. Take a look!

For more on money-making and money-saving hacks, check out these posts:

  • 17+ Online Weekend Jobs for Extra Money
  • 5 Things This Millennial Did to Pay Off Her Car Loan in 6 Months
  • 10 Easiest Things to Flip

1. Money Skills #1 | Save Money

It’s all about using practical money skills.

The first step to building your empire is do you have money in the bank can you do that by saving money. Regardless of how much or how little you might be making you can still save.

Here are some tips and tactics to help you start saving money beginning this month.

  • Start a savings account
  • Pay yourself first
  • Budget
  • Savings goals
  • Check your progress
  • Keep pushing

Open a Savings Account

The first step to starting to save money is to actually have a savings account.

So if you don’t have a savings account make sure you open one. A savings account can be opened with your local bank or you can check with an online bank to open a savings.

I recently joined Chime which which is an online bank and I absolutely love them. Here’s my link if you want to join Chime and if you refer your friends and they open direct deposit, you both get $50 so if you let them share them.

Pay Yourself First

when you get your paycheck, make sure to automatically distribute a set amount of money to your savings account. This is called paying yourself first.

So the whole idea is that when you get paid the money will instantly hit your savings.

And there’s no work that you have to do at all. You won’t touch the money and you will just start saving on auto pilot.

It’s a really easy way to start saving money. It’s automated and you won’t be tempted to spend that money.

Put Yourself on a Budget

Budgeting is so crucial to your savings plan. Budgeting is really simple and it’s all about monitoring your spending habits so you don’t overspend. This can help you avoid living paycheck to paycheck. You also eliminate the stress that you have revolving around money.

Try Mint. This app is so awesome. It’s free and easy to use. I use Mint myself and love it!

Create Savings Goals

Creating goals is a good way to start moving toward objectives that you have in the future. So if you have a goal of saving say $10,000 make that a savings goal and start moving towards that.

Check in on Your Results

there’s really no point in making goals for yourself if you don’t check in. You have got to monitor your results and see how you’re doing along the way so, don’t forget to check in periodically and see how you’re doing.

This does give you some great motivation to keep pushing and moving toward your savings goals. This could be something as little as checking your results once a week or once a month. It’s super easy.

Keep Pushing Yourself

This one is simple, just keep pushing and moving forward. There may be obstacles that fall in your way but you can get through it and you can meet your goals. There are tons of ways to save, like getting free Netflix (one of my favorite hacks) to satisfy your entertainment needs.

2. Money Skills #2 | Get Life Insurance

It’s one of those things a lot of people put off but the truth is, sometimes when you need it the most, it might be too late.

Many people think getting life insurance is complicated and stressful. It really isn’t, especially if you go through a simple-to-use carrier like Ladder.

They guide you through the process to help you figure out the right kind of life insurance for your situation and with affordability in mind, policies start at just $5/month.

Can’t beat it.

Click here to learn more about getting your life insurance set up.

3. Money Skills #2 | Check Your Credit

You get one free credit check per year.

Make sure you’re taking advantage of it. Checking your credit every year is a great practice to have to make sure your credit report is free of errors and your credit is maintaining and improving over time.

I personally use credit karma to check my credit, but there are a ton of other places we can go to get free credit reports to you.

Now, your credit report is free which means you can see the contents of your credit like your accounts and balances but your credit score may not be free so if you’re curious about your score you may have to pay a small fee to see that when you check your credit annually. I just wanted to share that says there’s no surprise there.

If you find that you have weak credit and you want to improve it, that’s definitely a great decision.

You won’t use your credit all the time but in life you will probably need credit for those large purchases like buying a house or buying a car.

How to Build Your Credit

And if your credit is poor, that could mean literally adding hundreds of dollars to your monthly payment or worse, not qualifying for that asset (house or car) at all.

You don’t wanna find yourself in that position so if you have bad credit I highly recommend that you get with a credit repair company to help improve it. I do have a recommendation for that, it’s the company Lexington Law.

I have many friends and family members that have used Lexington Law to help rebuild their credit.

You pay them on a monthly basis and they have several plans to fit every budget so you can definitely find an affordable option for you.

You won’t be paying them forever. The goal is to work with them to help eliminate credit errors, dispute inaccuracies, get bad credit items off your credit report and other strategies and tactics that they use to improve your credit.

They have a helpful app where you can monitor everything and they email you often throughout the month to keep you updated on how things are progressing.

They also tell you when late items or negative reporting items have been taken off your credit report and they track everything so you can see how your score and credit is improving over time. You can check out Lexington Law here.

4. Money Skills #3 | Reducing Your Spending

The truth is we all spend money unnecessarily sometimes. And many times it is those little purchases right under your nose that you don’t even realize are drying up your bank account every single month.

There are ways to reduce your spending and live richly, be happier, eliminate stress, and gain peace of mind.

First, track your spending. This can be challenging to do manually so I recommend you use an app. I use the Mint app which I also use for budgeting.

Money skills

They put all of your spending into different categories and they’ll alert you when you’re spending more for the month so you can back off of that.

Like, for example when the pandemic hit, like a lot of people I was buying a lot of food. I wasn’t necessarily hoarding or stocking up but when something in life is out of your control, sometimes you want to try to gain a little control in any way you can and for me that was through making sure my family had plenty of food.

The whole idea of this was really to eliminate the need to go to the grocery store often.

Before, I would go grocery shopping around once a week but I had to change that to around once every month to month and a half, just so I didn’t have to make frequent trips and be around people so I could stay healthy.

Other ways to reduce spending:

  • Lower your utility usage
  • Cut back on subscriptions (like subscription boxes, etc.)
  • Cut the cable (we went from $200+ per month to around $30 with streaming providers like Hulu and Netflix)
  • Cook at home
  • Stop eating out
  • Enjoy no-spend weekends
  • Exercise at home
  • Do your hair and nails at home (no more salon visits)

These changes do not have to be permanent so don’t panic but they are easy ways to cut your spending so you can start saving more and moving more quickly towards your money goals.

5. Money Skills #4 | Invest

Investing is so much fun. If you’re a beginner and new to investing, don’t let it overwhelm you. Investing is just a good way to have your money work for you and today there are more and more tools and apps than ever to help you start investing easily.

I really like Acorns. You can sign up for Acorns for free and it helps you invest your spare change. So you link it to your bank account and it kind of works on autopilot, investing your spare change for you.

They have a really neat app to help you monitor everything too.

6. Money Skills #5 | Pay Off Debt

Work toward paying off your debt. If you’re deciding between saving and paying off your debt, saving should always be done first and paying down your debt should be done second.

But if you have extra money available, throw that toward your debt so you can pay it off that much faster. I paid off my car loan in under six months. I read stories of others paying off student loans and mortgages and other kinds of debt quickly too.

Refinancing and Consolidation to Lower Your Debt Load

Money skills

You can also consider refinancing or consolidating your debt.

I did this with my student loan several years ago and it helped me lower my payment and drastically reduce my interest-rate. So it was a win-win all around.

Keep in mind, every time you refinance, you don’t necessarily save. Although you may have a lower monthly payment, if you extend your term that means that you are paying more overall in the long term. Though, this may be a necessity for some who are struggling to pay bills every month.

Like if you can refinance a car loan to lower your payment by $100 every month and you need that hundred dollars for living, by all means do it and when you get back on your feet you can look at paying that down over a quicker pace to make up for anything.

Simple Trick for Payment Relief If You’re Struggling

And, if you’re struggling or living paycheck to paycheck, a neat tip a lot of people don’t know is to actually reach out to their creditors.

Your creditors are on your side, believe it or not.

They want to get paid and if you talk to them to keep them in the loop, letting them know what’s going on, they can assist you by offering payment options, payment delays, forbearance or other ways to help you keep the account in good standing, keep your services, and pay your debt.

Money Hack for Debt Payoff

Ask this company to pay your credit card bill this month. Not, just the minimum payment, the whole bill!

Think about all the debt you racked up on that card, funding your vacation last year, attending your bestie’s destination wedding, “treating” yourself to a great Christmas, etc. Now, breathe a sigh of relief at the opportunity to have this website pay off your entire bill!

Curious how it works?

Is your credit card company ripping you off?

Do you have an insane interest rate or pay a monthly or annual fee? Credit card companies get rich off consumers. There is a way out though.

A company called Even could pair you with a company that pays off your whole bill, as early as tomorrow!

Here’s how it works: Even will match you with a loan that’ll cover your credit card tab. Use that loan to pay off your debt, then make monthly payments to repay the loan. Easy!

The benefit is lowering your monthly payments and help in paying off that debt a lot faster! And, no credit card payment this month! Bonus!

Even Financial is free and easy to get started with.

You can actually check online to see what you qualify for, in about 60 seconds (and it doesn’t affect your credit score).

No waiting in a bank lobby to speak with a personal banker.

No hanging on the phone, waiting in a queue to talk to a representative.

Find out instantly, online, painlessly with Even.

Is it worth it?

We think so.

And, you can stop kicking yourself for indulging in buying that 75 inch TV for yourself as a Christmas gift to you!

This Woman Saved Almost $2,000 Instantly

Money skills

Imagine going from paying $200/month to $50!

That’s a huge savings, at $150/month.

What could you do with $150/month?

  • Save it
  • Pay it toward other debts
  • Stash it away in your retirement account

Through consolidating your debt, this could be you!

By refinancing, she was able to save money, lower her interest rate and save money on the spot.

Not to mention, she skipped a month’s payment, which got put right back into her pocket.

Want to see if this will help you get rid of your credit card debt? Visit Even’s website and get an answer in under a minute.

7. Money Skills #6 | Side Hustling

Oh my gosh, getting a side hustle is something you definitely want to do!

Its a top money skill to keep in your back pocket.

With a side hustle, that means that you’re making more money you can save, save faster, invest more and pay off your debts more quickly.

If this is an option for you, definitely jump on it.

My First Side Hustle

Shortly after college when I landed my full-time job, a few years into it I found myself wanting to make more money.

Although I wasn’t struggling or living paycheck to paycheck I just wanted more so I took on a side hustle and that was copywriting.

I did that for several months until I landed my side hustle in online retail which ended up affording me the opportunity to quit my day job because I was making so much money in that side hustle! I won’t go into that story as you’ve probably heard it before.

I mentioned it often on a blog but in a nutshell I started an online store while I was working my 9 to 5 and about a year into it I was able to replace my day job income so I quit that job and ran business full-time!

And in its peak I was making up to $30,000 per month.

This happens all the time to entrepreneurs all over the world. Their side hustle outpaces their day job and when this happens, you’re in the awesome position to leave your day job and many people do. And so that’s how it went for me.

Skills That Make Money

Do you have these skills that make money?

  • Excellent communication
  • Well-organized
  • Fast typist
  • Basic computer skills

The core practical money skills can help land you a ton of different side hustles.

Here are 13 online weekend jobs to check out for side hustle income.

8. Money Skills #7| Invest in Real Estate

I’ve already touched on investing a bit up above but this is a little different and it’s about investing in real estate. Many people think that you need a ton of money to invest in real estate. Real estate investing goes beyond flipping houses or buying foreclosures or tax liens. You can actually invest in real estate with very little money with sites like Fundrise.

Fundrise let’s you get a piece of the pie by investing in a real estate portfolio with very little money up front. This is a cool way to make a lot of money with little investment to start. This company really gets me excited and I recommend you check them out.

Other Ideas to Up Your Money Skills and Upgrade Your Life

Instantly save an extra $500 per month. Here’s a deep dive how to do just that!

Why Save Money?

Saving money provides so many benefits, from more peace of mind, money aside for a rainy day, a cushion to help break the blow when an unexpected expense arises, etc.

Last summer my husband needed 3 root canals?

Ouch! Do you know how much one root canal costs?

Mine a few years ago was $1,000 WITH dental insurance.

And, I needed a bunch of small repairs done to my car (in the same summer) in order to pass state inspection, including tires, brakes, etc.

That put me back almost a $1,000.

These are life things.

It happens to everyone.

Nobody is immune.

So, when you have to make an emergency trip because of a funeral, or you have to pay that car insurance deductible because somebody hit your parked car in the grocery store parking lot, or your need to pay medical expenses, or other reasons, a SAVINGS ACCOUNT WILL SAVE YOU!

Saving is good.

And, it’s pretty easy to do.

Here are 22 effortless ways to save $500/month! And even more ways down below how to save $1000 fast!

How to Save $500/Month Starting This Month

You can save more by making more and by saving more. Making more money means you have more disposable income, that you can put towards savings, among other things.

And of course, saving money helps you save, right?

Making Money Money to Save More Money

1. Take surveys (this company is popular and a fun, free way to make money daily)

2. Start an online store (I opened a little e-commerce store and made around $500 my first month easily, on 1 hour per week)

3. Start a blog (I went zero to $1,000/month in just 4 months on my first blog)

4. Freelance writing

5. Freelance graphic design

6. Digital marketing

7. Get an online job

8. Get paid to shop (with this cashback website)

9. Monetize your social influence (start getting paid to be a social media influencer)-this training shows how to reach $10,000/month working with brands 

10. Write ebooks

11. Create online courses

How Can I Save $1000 Fast?

12. Save money on groceries with

17. Move (move in with roommates or move back home temporarily)

18. Sell your car (and take public transit or bike/walk where you need to go)

19. Set up your direct deposit to pay yourself first

20. Create a budget – I use Mint

See where your money is going. Track spending patterns. Avoid going over budget and more.

No spreadsheets needed.

Do it with your phone using the Mint app!

21. Track your spending

22. Get a personal finance app

Increasing Your Income by $1,000

Increase your income by $1,000/month by consolidating your debt. Hang on with me for a sec, let me explain.

First, think about your debts. You have…

  • Credit cards
  • Student loans
  • Auto loan
  • Personal loan
  • Other loans possibly

Each loan or credit account has an interest rate and monthly payment. If you combine them all into one, you can likely lower your interest rate, and lower your monthly payment.

I did this my student loans a few years ago and went from $200/month or so to $50/month!

Let’s look at an example..

  • 1 credit card 10% $2,000 balance
  • 1 student loan 5% $10,000 balance
  • 1 student loan 11.99% $8,000 balance
  • 1 auto loan 8% $5,000 balance

The average of the interest rates is 8.74%.

What if you could combine all those debts for an interest rate lower than that?

Or, what if you could negotiate your balances lower to reduce your payments?

These are just some of the options that may be available with this company.

Are you tired of debt controlling your life?

Debt is hard to ignore.

It’s easy for your debt balances to balloon out of control and take over your entire life. It can feel overwhelming and become more and more difficult to fend off the collections calls.

How can things change?

You have to find a company that can work on your side to help you reduce your debts.

These professionals have these amazing accolades:

  •  TopConsumerReviews – rated #1 for Debt Consolidation
  •  TopTenReviews – rated #1 for Debt Consolidation
  •  ConsumersAdvocate – rated #1 for Debt Consolidation
  •  ConsumerAffairs – rated #1 for Debt Consolidation
  •  40,191 reviews on ConsumerAffairs with a 4.83 out of 5.00 rating
  •  24,642 reviews on TrustPilot with a 9.4 out of 10 rating

What People Are Saying Working with Them…

Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating

Best decision I’ve ever made!”

They really care about “you” and making your life easier. They answer all of your questions and are very detailed.

“Saved me from drowning in the debt.”

I was up to my eyeballs in debt and National Debt Relief saved me from drowning in the debt.

Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating

“Helped me settle my debts that were choking me.”

National Debt Relief helped me settle my debts that were choking me.

Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating

Getting Started..

 

Is it really possible to get $1,000/month back every month through debt consolidation?

Absolutely!

Want to find out how?

Fighting debt is one of our top money skills.

Don’t delay. If you’re serious about finally taking control of your debts, you’ve got to check out National Debt Relief. Click here to learn more about how they can help you and click here to get a free quote.

Final Word

There you go, 7 money skills to help you level up your life. What do you think about these money skills? Practicing any not on the list? Comment below to let us know!

For more on money-making and money-saving hacks, check out these posts:

  • 17+ Online Weekend Jobs for Extra Money
  • 5 Things This Millennial Did to Pay Off Her Car Loan in 6 Months
  • 10 Easiest Things to Flip

Recommended Resources to Increase Your Income and Save Money

Credit Firm

Credit is something that you definitely need in life.
It affords most people the ability to buy house and buy a car as well as finance other large expenses and sometimes even unexpected costs that can arise.
Even if you have no plans to make a large purchase in the near future it’s still a great idea to make sure your credit is in check. There are so many little things that can impact your credit and often times you may be unaware Of these things impacting your credit score.
A high credit score of forts you a low interest-rate and a low payment where as a low credit score can mean the exact opposite and sometimes not even qualifying for that purchase you’re looking to make.
So with a choice of paying more or paying less, of course you want to pay less in to do that you want to make sure that you have the best credit score possible.
So take a look at Credit firm, which is a company that can help you review and improve your credit. It’s really great to have experts on your side and to take away the overwhelm and stress of trying to manage your credit on your own.
Take action starting today and check out credit firm.

Respondent

If you’re in a pickle and looking to make a few hundred dollars extra this month, look at online panels. I’ve done multiple panels, earning $100+ for each one. They are free to join and pay anywhere from $40 to $400+.
The most I’ve earned has been $400 on a single panel. It’s like taking a survey but you’ll be doing it interview-style, talking to the researcher on the phone, via email or online.
Check out all the open online panel opportunities on Respondent.

Rakuten

Did you know that you can save money on your online shopping? It’s like getting paid to shop. All you do is install the free cashback browser extension from Rakuten and you’ll get a popup when you land on a partner retail website. Click “Activate” to activate your cashback and after checkout, it will be applied to your Rakuten account. I earned around $28 very quickly after joining.
It’s not part-time income kind of money but it is extra money that you can get absolutely free, for doing what you’re doing anyway, online shopping.
Join using my affiliate link and you’ll get an instant $10 for signing up (it’s totally free).

Acorns

Considering investing? Not sure where to start?
Acorns helps you invest your spare change on autopilot.  They round up your purchases and invest the difference for you. It’s fully automated investing, right at your fingertips. Take control, grow your money and more. This is one of my favorite investment companies.
Learn more and sign up to Acorns.

Chime

Looking for an online bank? Today, there are so many available, it’s tough to pick one.
I joined Chime within the last 6 months and I absolutely love them!
They send me daily balance notifications, alert me when a charge is declined, they have savings accounts and much more. I love their overdraft protection feature and it’s easier than ever to transfer money to friends and family. Their apps is one of the most streamlined, easy-to-use online banking apps I’ve encountered.
I found them through a discussion in a Facebook group I was spying on. It was a business group and the discussion was about how the girls in the group used Chime for their business banking for their sole proprietorship and it’s helped them separate business and personal expenses.
It’s a great use for that and also perfect for your personal banking.
Check them out here!

 

 

How to watch Netflix for free

11 Cheapest Ways to Live

December 8, 2022 by Jennifer Leach Leave a Comment

Curious about the cheapest ways to live? There are many different ways to live cheaply. And, there are also many different reasons why you might want to do that.

You may be looking for a better financial situation, or maybe you just really enjoy being frugal and don’t want to spend money on unnecessary luxuries.

Whatever your reason is, it’s important to know how you can make this lifestyle work financially before jumping into it head first. So here are some ideas of how you can live cheaply!

11 Cheapest Ways to Live

Living on a small budget is tough, and if you’re in a situation where you have to tighten the purse strings it can seem even tougher. However there are many ways you can live cheaply without feeling like you’re living rough. There are 11 of the cheapest ways to live that I can think of and I’ve tried most of them.

Hopefully they’ll help you to find ways to reduce your bills and save money in your own life, so do give them a try!

Cutting back your spending

1. Cut back on your spending.

2. Cut out the things you don’t need, like $3 lattes and expensive gym memberships.

You can also use coupons and shop at secondhand stores to save money when shopping for clothing and other household goods. If these options aren’t feasible for you, then consider eating at home more often by cooking from scratch (less time spent eating out means less money spent).

3. Buy in bulk if possible; it will save you money over time! For example, instead of buying a pack of gum every week from the convenience store, buy several packs at once from Costco or Amazon Prime Pantry so that they last longer than normal without going stale (and sometimes even cheaper).

Buying groceries in bulk is also an option if there’s an option near where you live—they usually offer discounts based on how much food comes in one package so be sure to ask before making any purchases!

Housesitting

Housesitting is a flexible job that can help you find new places to live while also giving you some extra cash.

It’s a good way to save money on living expenses while traveling or taking time off, and it’ll give you experience showing houses in your area when you’re ready to buy one of your own.

If all this sounds intriguing, here’s what you need to know about housesitting:

What is housesitting?

Housesitting involves staying at someone’s home and taking care of it while they’re away.

Usually, the house will be rented out by guests who want someone trustworthy there to watch over the place during their absence—but sometimes people will hire housesitters for longer periods of time so that someone else can maintain their property during an extended stay abroad or move-in transition period (such as after selling one home and buying another).

In any case, housesitters must be comfortable with a variety of responsibilities including watering plants, checking mail and newspaper deliveries (if applicable), maintaining electric/gas bills (if applicable), answering calls from repairmen if there are problems with pipes or appliances, etc., as well as keeping an eye on pets who may live in these homes as well!

Camping

Camping is one of the cheapest ways to live, and it can be an enjoyable way to save money.

If you already have a tent and sleeping bag, camping can be very cheap.

If you need an RV or camper, however, it could cost a lot more than living in your house. The best thing about camping is that no matter how much money you spend on equipment (or don’t), there’s nothing more satisfying than sleeping outside under the stars

Other temporary housing options

  • Live in a hotel. You may need to do this if you’re moving out of your house and don’t have time to find another place to live.
  • Live at a hostel or dormitory. If you’re concerned about safety, you can stay in an all-female hostel that has security cameras throughout the building and 24-hour staff presence.
  • Stay with friends or family members who live close by or nearby. This is an ideal option if they have room for you, but keep in mind that it could cost them money to have someone else living with them since they’ll be splitting things like utilities and groceries among themselves (and possibly other guests).
  • Stay at a boarding house or bed & breakfast by yourself for cheap rent prices without having any responsibilities other than paying rent on time every month (which also means not having roommates).

Live in an RV

If you’re looking to live on a budget, you may be tempted to buy an RV and hit the road. After all, they’re roomy and cozy, have all the amenities of home and can be parked for free almost anywhere.

However, RV ownership is not for everyone. If you’re going to invest in an RV, make sure it’s worth it by considering the following:

Cost of purchase?

RVs come in all shapes and sizes—from tiny teardrop trailers (which retail for around $2,000) to luxury fifth wheels (priced at over $100,000).

If your goal is simply to save money while living out of your vehicle while traveling across America or Canada every summer vacation when you’re retired—then buying a cheap camper might be right up your alley!

But if you have kids who are still little and need plenty of space…or if friends often stop by unannounced…or if pets require fenced-in yards where they can roam freely without fear that they’ll run off into traffic…then it would be wise consider purchasing something larger than the average teardrop trailer.

Tiny home

The tiny home movement is one of the most affordable ways to live in today’s society. Tiny homes are typically less than 400 square feet, and can be mobile or stationary.

Some people build their own tiny homes from scratch, while others purchase them pre-fabricated. Either way, it can be an extremely cost-effective way to live if you know how to find cheap materials and supplies!

Living with a roommate or in a group house

  • The benefits of living with other people

Living with a roommate or in a group house is a great way to cut your rent costs. You often have more space than you would in an apartment, and it’s usually cheaper than living alone. If you want to live in a specific area but can’t afford the high rents, this option could be ideal for you.

  • The drawbacks of living with other people

While having roommates or sharing your home with others may sound like fun, it does come with its downsides. These are some things to consider before deciding if this type of housing is right for you:

  • You’ll likely have less privacy than when living on your own (or even sharing an apartment).

While sharing rooms will allow for more affordable rent payments, it also means that someone else can see into parts of your life that wouldn’t normally be seen by others—like when you’re getting ready in the morning or relaxing at home by yourself.

You might also be less likely to decorate walls because they may feel like they belong more to the whole house than just one person; however, depending on how much time those walls are visible throughout each day/weekend/etc., this might not matter as much!

There are many different ways to live very cheaply.

There are many different ways to live very cheaply. If you want to live for free or almost-free, there are a few options:

  • create your own ‘tiny house’
  • move into an RV (aka motorhome)
  • find a room in someone else’s house and split the rent with them
  • try living with roommates or in group houses

If you’re more of an outdoorsy person, another option is living in a camper van! You can do this right now by renting one at a campground and traveling around until you find somewhere you like.

Or if that doesn’t sound appealing, maybe someday soon they’ll manufacture smaller vans than they do now–and then it will be really easy and fun to travel around while also saving money on rent!

Final Word

We hope that this article has given you a few new ideas for how to cut back on your spending. If all else fails, there are always roommates and group houses. That’s what we did when we were just starting out!

Copyright © 2023 Finance Made Friendly on the Foodie Pro Theme