You never forget about the time you ultimately move out of your parents’ home. Nobody suggesting when to wake up, asking where you are going so when you’ll return…you get to choose. I loved everything about my independence..to the first few months. Fast forward to reality book the form of a vacant frig, dirty dishes, and accumulated laundry waiting for being done. But the most distressing development was my new friend Bill who invaded during my mailbox: phone Bill, mobile phone Bill, cable Bill, utility Bill, credit card Bills. I wanted to hold all these luxuries around my life. How was I likely to pay for everything, and why didn’t anyone let me know there would be a great number of Bills? On top of everthing and looming large was my every month rental agreement. This stunk! I was broke and barely making it. I found myself contemplating home sweet home rather than how “free” I felt. Heck, nothing WAS free. Did I mention the safety deposit you must put down once you rent? It bites!
I began to have a melt-down. Through all of it I remembered the countless talks my Dad attemptedto have beside me about budgeting and saving, which I misconstrued as lectures created for stuffy types of worry warts or something like that, however, not me. Now here I was suddenly focused on my every month rental agreement and losing my apartment. And the embarrassment of any hanging -head, tail- between- the- legs form of homecoming that could follow. In a reactionary move I decided to obtain a roommate. I had a couple bedroom apartment during the time and getting a roomie would lift huge load off my shoulders. I was not burdened with paying a fat per month rental agreement every 1 month; my rent and utilities were cut by 50 %.
Looking back I realize it might have all blown up within my face: my landlord might have refused (I forgot to even consult with him during my panic), I might have had an actual flake who ripped me off or wouldn’t pay his share. Luckily I chose the proper roommate:all went smoothly and that he never missed a payment. I was competent to actually lower your expenses. Over time I developed confidence in myself, found more different options to save, that ended in investing, and I became truly independent.
Fortunately I now own a property, that ought to be everyone’s goal. Although that monthly rental agreement might have looked proficient at one time, it isn’t so sweet after you realize what you’ll get in return. Nothing! No regulations, no building equity. Once you re-locate, it’s like you have been staying in expensive hotels. You leave with only your belongings. In my experience it worked to suck up, cut expenses, reduce costs, and work toward achievable goals.
