The Surprising Benefits of Sharing Your Space
As a self-proclaimed introvert, I never thought I’d be the type to share my living space with others. But, after some convincing from my husband, I took the plunge and welcomed roommates into our home. And, I must say, it’s been a game-changer.
The Financial Upside
Let’s get down to business – the numbers. By sharing our space and splitting just four bills, we’re saving a whopping $11,000 per year. That’s equivalent to 2500 Pumpkin Spice Lattes, if you’re counting. But, more importantly, it’s allowed us to achieve some significant financial milestones, such as funding an emergency savings account, squirreling away emergency cash, and saving for a down payment on a home.
Making the Most of It
Of course, it’s not just about having more cash in our pockets. We’ve had to be mindful of our budget and spending to ensure we’re using this windfall responsibly. I’ve also taken steps to compound our savings, like moving a chunk of money to a high-interest savings account, earning 2% interest on top of the $11,000.
Is It Right for You?
Having roommates isn’t for everyone, but it’s definitely worth considering. Before making a decision, ask yourself:
- Do I want to find a roommate online or pair up with someone I already know?
- Am I okay with giving up some amount of privacy?
- How will I handle arguments and conflict?
- How much does having a roommate need to save me to make it worth it?
- Can I afford to live alone if my roommate has to leave?
Dealing with the Tough Stuff
Living with roommates can be challenging, but having a clear understanding of expectations and responsibilities can make all the difference. We’ve found it helpful to have a roommate agreement in place, outlining who pays what bills, how to treat communal spaces, and even who cleans up after the cat. And, when conflicts arise, it’s essential to communicate openly and honestly, avoiding passive-aggressiveness and sticking to “I” statements.
Parting Thoughts
Having roommates in my 30s wasn’t part of my original plan, but it’s turned out to be an incredible gift – both financially and personally. It’s pushed me out of my comfort zone, taught me valuable lessons about sharing, communication, and compromise, and allowed me to achieve my financial goals sooner than expected. If you’re on the fence about having roommates, take a closer look at your budget and consider the possibilities.
Leave a Reply