Possibilities for Savings
So, I’m living on my own again, and I think it’s time to make some changes. First off, this apartment is too big for me, and too expensive to live in alone. So, I intend to move. My goal is to move by the end of February, thus maximizing the amount of time I have to recoup the cost of the lease break fee over the year. Lease break is one months rent, so $1,435. If I break end of February, that’s only 2 months into the lease, so I have 10 months to recovery the cost in order for it to make sense not to ride out the lease, so I need to find a lease that’s at least $143.50 less per month.
I’ve been considering Manchester Place, as it is literally right next door to work. Their lowest cost 1 bedroom unit is $1,155/month, a savings of $280/mo. And that’s not counting the reduction in driving, as I’d only need to use the Prius on the weekends.
Also considering some other cost cutting measures, dropping television service, the TiVo subscription, GameFly, dropping Netflix to the 1 disc plan, and such.
| Expense | Current | Planned | Savings |
|---|---|---|---|
| Storage unit | $45 | $0 | $45 |
| Rent | $1435 | $1155 | $280 |
| Netflix | $17 | $9 | $8 |
| GameFly | $16 | $0 | $16 |
| TiVo | $23 | $0 | $23 |
| Comcast | $120 | $50 | $70 |
| Totals | $1656 | $1214 | $442 |
That’s a yearly savings of $5,304, which I intend to throw towards a down payment on a townhouse once my next lease is up. The Comcast doesn’t drop to zero as I intend to keep my own Internet access, although I could possibly just leech off of the connection at work. The location is only a couple of blocks from the CO as well, so DSL is a strong possibility.
We shall see. I intend to make some phone calls tomorrow. There’s also a townhouse rental place on the north end of the city that looks interesting.
