Should we move into apartment to save money?

posted 3 years ago in Home
  • poll: Which is the best
    Stay in the house with the yard : (9 votes)
    38 %
    Move into an apartment and save money : (15 votes)
    63 %
  • Post # 3
    10384 posts
    Sugar Beekeeper
    • Wedding: September 2010

    Honestly, i’d sell the expensive gas guzzling 4x4s instead of moving to an apartment if you have dogs. We have a townhome with no yard with a dog and it’s totally doable – but I bet that plus 2 kids would get annoying. 4-5 walks a day is a lot when you have to drag two kids along every time.

    Also, a 15% increase in rent in one year is crazy for anywhere that isn’t San Fran/LA/NYC etc. Have you looked into just moving into a different cheaper house?


    Post # 4
    9412 posts
    Buzzing Beekeeper

    @crayfish:  +1.

    Going from one rental to another isn’t a big deal though. I thought you owned a house and were considering moving to an apartment for some reason (the assumptions I make based on thread titles, lol). You could always look for a cheaper rental. You could rent a townhouse or a smaller house so you could get the best of both worlds – enjoy “home” life and also have cheaper rent. I do think savings are very important so if it isn’t possible for you in your current situation, I would change the situation in some way.

    Post # 6
    2884 posts
    Sugar bee
    • Wedding: March 2013

    first of all id investiagte whether there are pet friendly apartments available. you could look into a cat flap that only allows your cat to come in/out (with the electric collar sensor)


    like pp said, id look into selling at least one 4×4 and getting a really gas efficient family car. My husband is super attached to his pick up truck (i cant explain more details as i dont know enough about trucks) and has been resisting selling it. but realistically, we live in the city. he uses his truck outside the city for the ranch etc quite infrequently and can easily borrow a truck from his dad. so he is (with VERY bad grace) looking into family cars


    are there any cheaper houses that still have a backyard?


    id def look into saving money somehow as its nice to have a cushion. but i  understand youd miss the house. ach i dont know !


    Post # 7
    3280 posts
    Sugar bee
    • Wedding: June 2014

    Do you live in a very expensive area? To me $1,100 for rent and $800 for utilities is outrageous! We own a 1,100 square foot brick home in a college town and our mortage is $500 and utilities are $200. I’d say def look into cheaper housing, be it a house or apartment. Maybe looking a few miles away would have a cheaper market. 

    Post # 8
    1040 posts
    Bumble bee

    My FI and I (and our 2 cats) moved into a STUDIO APARTMENT because it would help us massively as far as: 1, saving for our wedding; and 2, paying off bills.

    Is it fun to live in 500 sq ft? No. 

    Are we paying off bills and growing our savings account? YES.

    For my FI and I, we only plan on living here for 2 years. We’re saving SO MUCH MONEY, it’s incredible. We’ve been able to get some thing fixed on our car, and we haven’t had to worry about money-related issues all year. It feels great.

    So.. if it’s only temporary, and if it would help you out financially, my vote is to move into the apartment.

    Post # 9
    3948 posts
    Honey bee

    How are your utilities $800/month? I live in a very expensive area and mine are half of that.

    Post # 10
    2627 posts
    Sugar bee
    • Wedding: November 1999

    I would move to a cheaper house, even if it saves you $200 a month its worth it. Its not safe living paycheck to paycheck. You put you and your children at risk. Making less than ideal decisions because you dont have the money or at risk for bankrupcy.

    And then look into how you can reduce your utilities/monthly expenses. What is your cable bill? Electricity? Just changing your heating or AC by one degree can save money. What about your phones?

    Your current utilities is 800 which I could not imagine. What does this include? Water, electricity, garbage and… I live in nearly three times that size and we dont pay that. 

    Post # 11
    29 posts
    • Wedding: June 2013

    You’re utilities sound really expensive! Maybe you could move into another house that is more efficient. Or is that just how much it costs in your area? I live in the south east where it stays in the 90s all summer. The cost of living is low in my state, but I live in a big city that has the highest cost of living of any other city in my state. All of our utilities couting cable, internet, electricity, water, natural gas are only like $300 a month. And we have a 2000 sq ft house.  

    Post # 12
    1526 posts
    Bumble bee
    • Wedding: May 2013

    @PixelMePretty:  Seriously – how are your utilities $800 a month?  I live in Connecticut – and I am shocked at how high your utlities are! 

    Post # 14
    1526 posts
    Bumble bee
    • Wedding: May 2013

    @PixelMePretty:  $300 a month for electricity is still alot!  Start conserving energy! Change the temp your ac or heat it set on – turn it off or turn it way down when no ones home.  get energy efficient light bulbs.  Turn off lights. Unplug stuff.  

    Post # 16
    1526 posts
    Bumble bee
    • Wedding: May 2013

    @PixelMePretty:  oh yeah definately!  and add insulation to your attic or anywhere you can.  we had a home energy assessment done for free on our house through the power company – they insulated a ton of stuff and gave us light bulbs and coupons.  Maybe your state offers this too?

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