- minute read
We’re all looking for savvy ways to make our money stretch that little bit further. Are you looking for foolproof hacks to save your hard-earned cash at home? You are in the right place. In this article, we’ll help you understand how you can pay your monthly rent without cutting your expenses and still saving some money.
Finding your ideal rental apartment with all amenities you require can be very challenging and tiresome. Moreover, constantly worrying about earning enough to pay the extravagant renting costs is another hassle. Let’s face it – what’s the point in working so hard when you cannot save enough for your future?
So, if you are also in the same boat, you don’t need to stress yourself out as there are innumerous effective ways to save money on renting without limiting your expenditures. Whether you are a student, a new working professional, or a couple moving out, read to find plenty of useful tips that are sure to help you save your money.
Living in rental apartments and constantly being racked with guilt for not being able to save enough money even after working super hard throughout the month is something almost all paying guests experience. Here are the top 20 ways that’ll help you balance your budget to secure a good future ahead.
Well der! One of the easiest ways to save is to share your rental and split the rent across housemates. You’ll not only save a bucket load on rent, but splitting our the household bills will save you yet more cash.
From our experiences, choosing rooms can go a number of different routes. Either a big argument, a fun game, or a negotiation. Bust out your negotiation skills and pitch for the smaller room but at a lower rent – Just make sure it’s large enough to accommodate your belongings!
Who wouldn’t like to live in a well-furnished home? But of course, it comes with a hefty price tag. So, if you are on a limited budget and want to save enough money, opt for a partly-furnished or an unfurnished home that rents less.
Similarly, many smaller apartments are also quite expensive if they offer high amenities, expensive furniture, and smart appliances. So, in addition to looking for a smaller room, look for a house with basic offerings because if you choose luxury, you have to pay high for it.
While selecting your rental apartment, do thorough research and compare as many rooms as possible. Shortlist the top ones based on space, amenities, pricing, location, etc.
Looking for rental homes can be tiresome and agents make the task a lot easier. However, they charge a good price for their job. So, you can save a lot of money by avoiding middlemen and looking for your ideal home on your own.
When you go to see your apartment, look for any flaws so that you can highlight them to the landlord to ask for a cut-off in the pricing.
Even if you cannot find a flaw, there is no harm in negotiating to settle for a good deal.
Avoid hurrying up and finalising the apartment within a few minutes. Take your time to research the price charged for the place offered.
Apartments located in the city, especially in the popular areas are more expensive than those located far away.
Once you finalise your home, use less power and try conserving as much energy as possible.
Every home has to have it, but that doesn’t mean you need to waste it. You can shave buckets off your monthly water bill taking a few proactive steps… you’ll even do you bit for the planet at the same time.
Even if you try lowering your expenses, saving money is hard if you haven’t set a monthly savings goal.
While shopping for your wants, set a monthly expenditure goal so that you don’t surpass your limits. Furthermore, balance between your needs & wants and prioritise shopping for your essentials.
If you have opted for an unfurnished apartment and need to buy the essential furniture, look for pre-owned items from the thrift store.
We know a lot of people would disagree with this because they have this preset notion in their mind that a shared bill often charges them more. However, this is untrue if you choose the right renter that offers green, renewable energy and installs a smart meter to charge you only for what you consume. Opt for a service provider that amalgamates water, electricity, gas, Wi-Fi, TV license, and council tax in one bill so that you don’t have to worry about paying multiple bills every month.
We’re all suffering from a bit of subscription fatigue. There’s just about one for everything nowadays. Strip out the ones you don’t use and see if you can balance the load between housemates.
Many rental apartments also give a referral program to bring in more roommates. Why not earn a little commission by referring your apartment to your friends?
Another great way to save money is to walk wherever necessary and use public transport to cover long distances.
Lastly, you can save more money by increasing your income through a part-time job.
We hope you found our extensive list of top 20 tips to save money on renting useful. With Resooma, you can get multiple bills rolled into one easy bill – that too only for what you use. Furthermore, you get options to choose from very reasonably priced properties and can still split your bills by sharing the room with your friends. Good luck with starting to save your money!
All your utility bills in one monthly payment, split between housemates
Get a quote
All your utility bills in one monthly payment, split between housemates
Get a quoteFinding his article helpful? We’ve got plenty more helpful articles on there way. Join our Savvy Sunday mailing list