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When is it worth it to move to save money?

June 10th, 2012 at 12:23 pm

Our total living costs (rent, W/S/G, electric) come out to 59% of our monthly income. This is simply unacceptable. However, it was what we could do in a pinch when we had to move 600 miles for this new job. Hey! It was nice. As an employee, I didn't have to pay any deposits, and we get a 20% discount, plus any specials currently going on.

But now that I am somewhat settled in my new job, I would like to look into other options.

Living in an apartment is not ideal. Especially with our little dog - she is so bad! She hates other dogs (unless they're in our house), and barks when we are gone (even with the muzzle on), and barks at everything and everyone if we take her with on a cool day and leave her in the car. So, having a yard sure would be nice. However, we simply cannot find any nearby - even outside our price range; it's like they don't exist! Not what I am used to.

We spotted one rental that was the entire upstairs of a nice craftsman home that would have saved us about $150/mo. Move-in fees came to $785 (cheapest I have seen yet). However, that would take us about 5.5 months to save all that money back up. Plus U-Haul, which would only be $20 (in-city move) + fuel.

Another option is moving into another property that is owned by this company. Same deals apply. And, since I work just across the street (actually, driveway) at another property, we could move there. Rent is cheaper, but also the amenities are slightly less. The cabinetry and floors are uglier, the kitchen faucet does not have the pull-out sprayer, but everything else is the same.

Anyways, I sort of wanted to start a discussion, so I am posting a corresponding post in the forums. [ur=http://www.savingadvice.com/forums/personal-finance/66640-when-worth-move-save-money.html]Go see it here[/url]! Otherwise, go ahead and leave your comments about our personal situation here. Smile

1 Responses to “When is it worth it to move to save money?”

  1. Jerry Says:

    It kind of depends on a number of factors... first of all, how are the finances looking in general? That will lead to a huge part of the equation right there. If you are stable and in good shape, then you have some insurance that you don't need to go anywhere until the time and place are ideal. If not, and the costs are eating into your progress, then it could be time to bite the bullet and make the change for a while, even if it's not completely ideal. Good luck!
    Jerry

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