Renting a New Room and Writing a New Budget

rent-room

(This is not a picture of my new room. My room will not be as nice as this, but it’s somewhat similar.)

As you may know from my past posts, I have been sharing (one roommate) an overpriced apartment for the past year. One of my goals for 2014 was to find a cheaper and cleaner place to live once my lease ended.  Well, the good news is that I have! I found a room on Craigslist a week or so ago that I went to see.

It was not love at first sight.  The picture in the ad left much to be desired, but the rent was affordable so I had to at least check it out. It is  a few towns over from where I live now.  I decided to walk there from the public transit station along the busy main street. It was unusually hot that day and there were a couple of  points where I thought I’d miscalculated the distance on the map and wanted to turn around and go back home, but I didn’t and eventually found the place.

There are three roommates, all women in 40s/50s, pleasant, so that may be a positive change. The room, like the house, was small, old, and a little dark, but neat. At first I didn’t like it at all, but the more I kept thinking about it, the more it made sense to rent the room.

purple-flowers
Image credit: photographymad.com

I went back a few days later to drop off the deposit, sign the lease and see the room again. Talk about a big difference! I took a different route to get there by walking along a green walking and biking path that I’d learned about thanks to Google Maps. It was cool, breezy, and calm. I got there before I knew it, and realized that the house is within a few blocks of a small public library (win!), a popular local natural grocery store (big win!) and a small gym.

One of my long-standing goals is to find a way to get in shape. For the first time in my life I have developed the dreaded muffin top. My skin, which was never clear to begin with, has gone completely to crap, and I have the ironically named ‘laugh lines’ exploding all over my face.  Why? It’s not from laughing, I assure you. I’ve been stressed out to the point of burnout over the past year.

I’m hoping that being near a good grocery store and a running path will make it easier for me to make some much needed health improvements.  I don’t know if I’ll spend money to go to a gym, but if I can at least start running that’s half of the first battle. Anyway, as I said, what a difference a few days made. I’m glad that I didn’t pass this place by because of the Craigslist picture. I’m glad I didn’t turn around on my way to see it that first day. I can make this room work. As long as its  safe, clean, and bug free, I’ll be fine.

stack-of-money
Image credit: stackthatmoney

I’m mostly excited about the rent. Did I say it was affordable? It is only $500 /month INCLUDING all utilities and wi-fi!!

Depending on where you live, $500 per month may not seem special, but where I live now, rent that low is RARE to find. So my housing costs will drop from $1500 /mo. to  $500/ mo. for a $1000 savings each month! I can’t wait to start throwing all of it towards this credit card debt. With this housing shift, I will be back on track to kill this credit card debt entirely this year!

I won’t be living high on the hog, or even low on the hog. You all know I’d MUCH rather have my own place, but by doing this I’ll have less and less debt to stress out over. I hope to be in the room as little as possible and spend more time outside for once, so that’s another goal.

After this credit card debt is gone, I’ll reformulate my basic budget

 MY AUG – DEC. 2014 BASIC BUDGET

Q4 2014 Budget

Yeah, that phone charge is out of control. I felt like I had to go unlimited because I currently work from home 2 days per week and with all the conference call meetings i’m on everyday – I kept running out of minutes and getting slammed with extra charges.  (I don’t get a company phone.) I will be looking into how to reduce this.

I really hope this new room works out for me and I can stay for a while. This may be the best shot that I have for while to cut down this debt.  I’m finally getting back on track to follow my own advice.

Cutting down on housing and transportation expenses are the quickest ways to save the most money. If you’re thinking about taking the leap yourself…

Do it  credit - thetaline dot org
Image Credit: thetaline.org

“Debtor’s prison is real, and opportunity cost is a bitch.” (DDSW)

8 comments

  1. thisgirlsadventure · June 21, 2014

    Wow, that is a huge saving on your accommodation! And a massive amount to be paying towards you debt each month – well done!! I hope your new room works out for you – hopefully your flat mates are tidy and private people also 🙂 good luck!

    Like

    • doubledebtsinglewoman · June 21, 2014

      Thanks! Yeah, this is the boost of motivation that I needed. Best of luck on your journey as well!

      Like

  2. budgetlovingmilitarywife · June 22, 2014

    Sounds very promising and I hope your new home works out for the best! How encouraging to be able to throw that much extra at the credit cards! Congrats and best wishes!

    Like

  3. Katie · June 23, 2014

    Way to go! On the topic of your last paragraph and photo, I’d like to let you know you have helped motivate me to kill off my lingering student debt! I’m on a six-month campaign to do away with it and be debt-free! I read through your entire blog last week after finding it on a Google search for “Gazelle Intensity.” I was very moved and impressed by your extreme actions to kill off your debt, so thank you for reminding me it can be done. (I’ve put the link to my own blog in the field below. You’ll note my blog states I have about $7,100 left to pay off. This is the final slice. It’s time.)
    Also, on the topic of your phone bill, have you thought about approaching your employers about a phone allowance? I’ve worked at a couple places where if you use your personal phone for work they’ll give you a fixed allowance in your paycheck to cover the cost. It might be worth asking for, especially if you can present them with figures on how much you’re using it–track your work call lengths, and any work-related data usage to show them.

    Like

    • doubledebtsinglewoman · June 23, 2014

      Thank you, Katie. I’m glad that you found your way here. It’s good to know that this blog is encouraging people to put out their fire of debt.
      Thanks for the phone tip. I will look into it, although I doubt that my employer offers a phone allowance as my department has a very tight budget. The company does offer a corporate discount, but only on certain plans. I’ll also look into Voip. Either way this rate has to drop… Good luck with destroying that last chunk of debt. I hope you celebrate when you’re done!

      Like

    • doubledebtsinglewoman · June 23, 2014

      Katie,
      I can see your blog now. I’m glad that you’ve revived it. This time next year, may we both be happier with what we see in our mirrors and our bank account statements.

      Like

      • Katie · June 23, 2014

        Absolutely! Here’s to the future and the hard work that will get us there!

        Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s