Top Ways Having a Roommate Saves You Money

There’s no denying that the cost of living is expensive. There are bills to pay, food to buy, household furnishings to acquire. No matter how old a person is, affording the many things life requires can be difficult. It can be especially hard for young adults just venturing into “the real world”. So how does one manage to pay all of their expenses? One way is to get a roommate. To learn the top ways in which having a roommate can save you money, continue reading!

Bills. From rent to utilities, bills are a constant part of living. This is one area in which having a roommate can save you money. You think that the bills for two people will run higher than those for just one, but in actuality, the costs don’t increase the much. Splitting the cost of rent, electricity, internet, etc., will translate into major savings in the long run.

Meals and Groceries. Another way having a roommate can save you money is by sharing meals and grocery costs. By coordinating grocery trips, you won’t end up filling the fridge with doubles, like two gallons of milk or two cartons of eggs. You also won’t risk having your food spoil or leftovers going bad – which ultimately is money being thrown in the trash.

Buy in Bulk. Along with sharing meals and grocery costs, having a roommate also allows you to purchase items together, in bulk. While you may not want to go in on bulk items together like 20 jars of peanut butter and 50 toothbrushes together, it is a good idea to purchase certain things in larger quantities. Things like toilet paper, rice, pasta, and so on, are good bulk items to purchase together as roommates. Not only will it save you money by sharing the expense, but it will also save you time so you won’t have to go to the store as often.

Clean Up. One look around your home after just a few days of not cleaning up will show you just how much effort is required in order to keep a living space that is clean and organized. Maybe your job or schedule is so busy you are unable to keep up with household chores, or maybe you just despise cleaning, but either way, you may be tempted to hire a professional to keep your home spic and span. Though the  may be very appealing, it will only lead to spending money – not saving it. This is where having a roommate comes in handy. Instead of having to clean an entire house by yourself, you and your roommate will be able to share the responsibilities. This means just half the cleaning burden lands on you and you can spend your time on more worthwhile things.

Décor. When you move into a new place – or simply live on your own – you need a lot of stuff, like a couch, a microwave, some pots and pans, and so on. Finding the means to purchase all of the things you need to fill your living space can be hard to manage alone. But with a roommate, outfitting a home is much easier. With two of you to donate items to the household, you will save a great deal of money, all while being able to decorate your home more quickly and efficiently.

Events. Say you and your roomie want to have some people over for a get together, or want to host a small party for a friends birthday. Having a roommate means you can do these kinds of fun activities without bearing all of the financial responsibilities. For example, if hosting a friend’s birthday party, one of you could pay for the food and drinks, while another pays for the decorations or gift.

For It To Work

In order for you to be able to save money by having a roommate, you don’t want to sign up just anyone for the role. For such an important decision, you will want to take the time to ensure that whomever you pick is financially responsible. If you aren’t moving in with someone you already know, here are some important questions to ask a potential roommate:

  • How long have they had their job?
  • How do they feel about paying rent on time?
  • How do they envision splitting utility costs?

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