Cut This One Thing And Save Money Without Effort


You want to make a big impact on your finances? You want to save money without effort?

I have an idea.

But first, a story.

Earlier this year, I was renting a basement apartment in a fun neighborhood, from some really cool people. I looked into buying a piece of real estate of my own, but decided it would be too expensive.

After I’d given up on my dream condo, I got contacted by a friend of mine who is a realtor (although she wasn’t my realtor at the time). The condo dream could finally come true!

After running the numbers, and running them again six or seven times to see if I’d made a mistake, I realized I could have the condo for the same price (seriously, within $100 a month!) as I was paying in my rental.

Then, I got a roommate, who started paying half as soon as she moved in.

The Category That Allows You to Save Money Without Effort

Save money without effort by minimizing costs in this one category. Image by Frugal Portland.
Save money without effort by minimizing costs in this one category. Image by Frugal Portland.

It’s housing, of course! According to the Bureau of Labor Statistics, Americans spend 33% of income on housing. If you can minimize your housing costs, you can easily save money.

Because I had a roommate right away, moving into my new condo wasn’t nearly the hit to my wallet that I thought it would be. In fact, I was surprised to find out just how much extra money I had at the end of the month, compared to living in a one-bedroom apartment by myself.

Think about the way you live, right now. How often do you go out to eat? How many times a month do you go out for coffee?

Now, here’s the fun part. Think about how hard it would be to cut out those little indulgences, and how much you would save.

What would be different if you found a place to live that is $400-500 cheaper? Then you could keep your small treats and still save money.

It’s really the easiest way to make a huge impact on your finances. Easy, simple, and big win.

What more could you want?

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