How To Save On RentBy Rakesh Singh [Getting it Done]
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 One of my favourite songs of all time is Ten Minutes by the Get Up Kids. The opening line is: “Ten minutes to downtown is ten minutes too far” and while I tend to agree with this sentiment; However, it just doesn’t make sense if you are tying to save money. For instance, living fifteen minutes from the downtown core by subway in Toronto can save you close to $300 dollars a month in rent. You might have to wake up a little earlier for work or wait a little longer to meet up with friends on the weekend, but is that worth $300 bucks? If you were truly ingenious you could turn a little bit of extra distance into a bevy of positive life changes – you could walk more or take your bike to work. Looking good and feeling healthy never saved you so much money! Home Okay, okay, I’m sorry. I know everyone reading this article just silently screamed and now has the Beastie Boy’s Fight for Your Right playing through their heads. Yes, I said it. Move-back-home. While this suggestion might be specifically directed at the financially troubled (don’t worry there are lots and lots of us) and the budgeting hardcore, the goal is to get you out of there as soon as possible. Moving back home may seem dorky and like something out of Wayne’s World, but in reality it could be a very smart move; especially if your parents aren’t going to charge you rent. You know, I’ve never been to a house where the food wasn’t free. Student debts will disappear and your savings will climb. _________________________________ exercise self-constraint If we see money, we are tempted to spend it. The key to saving is to squirrel the funds out-of-sight before realizing you have them. Almost all banks offer an automatic debit system that takes an allotted amount of money from your deposits account and puts it into your savings account. Your savings will grow without you doing anything. No matter what your situation, a little bit of budgeting and cost-cutting will help you get ahead. |
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