I have this conversation with a co-worker this morning while we are all bitching (LOL!) about how expensive things are. Until we get to the point of talking about rents and all about utilities at home.
I told him that if probably I was not able to lock in my mortgage before interest rates became so crazy; I am probably pushed to sell my home and rent out a room somewhere. I just remembered the talked I have with my cousin. She said that she went as always on variable interest as she always do when she renewed her mortgage. And now she is having a hard time paying as her mortgage went from $400 per month to now $800.
Oh my! should that been the case for me, one of my paycheque is not going to cover just the mortgage.
Anyways, back to my co-worker. He told me that even though they (him and his girlfriend) are not sure about each other in the future; but, they have been dating for more than a year already; they decided to live together as they cannot afford to live on their own. And he said now, since both of them are working full time. with all the shared rent and expenses at home, they are back to be able to save a decent chunk of their income.
Well, I guess I need to look for a partner who would love to live in with me... LOL!
Will you consider living in just to save money?
