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10 Frugal Hacks for Single Living

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Getting a roommate may be a surefire way to save money, but sharing a living space isn’t the ideal scenario for everyone. For instance, you're in medical school or law school and need plenty of quiet time to study and rest. You're a single parent and don't want another person's influence on your kids. You're recently divorced and want to entertain friends and guests. These are all good reasons to want to live alone. However, living alone doesn't mean you must forgo frugality.

Here are 10 frugal living hacks for anyone who prefers to live alone.

1. Live, Work, and Play in the Same Neighborhood

Major city centers are ripe with live, work, and play communities, but it shouldn't matter in what area you live. You should be able to carve out the right balance to conveniently commute between work and home and find activities in your area that keep you balanced.

2. Rent a (Spacious) Studio Apartment

Save on rent by renting a studio unit instead of a conventional one-bedroom. And if you live in anything larger than that, downsize and rent it out to sock away the extra savings. I understand there are reasons one might want to purchase a three-bedroom home, but until you're ready to start using all those rooms, be smart.

3. Rent in a Building With Luxury Amenities

For an extra couple hundred bucks per month, you could rent the same apartment in a nicer building. If you're a fitness buff, rent an apartment in a building that has a gym (pool, racquetball, etc.) and save by not needing a sports club membership. The building might have a business center, which could be great if you work from home. Or, the property could have a car sharing program and other luxurious money-saving amenities. Meanwhile, it's a great way to network and get acquainted with neighbors, which could one day lead to business.

 

http://www.wisebread.com/10-frugal-hacks-for-single-living

Life's a Journey, not a Destination" Aerosmith
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