Do you pay a fortune to live in a luxury apartment or condo? How about a private jet? If you answered yes to either question, then you might want to consider alternative ways to live an affordable yet high-end living. Here are some ideas for your next move. The image source is Pexels.
1. Rent a Condo or Apartment
Find the right property that is close to your work and transportation. You can do this by renting out a vacation rental on Airbnb or VRBO. These properties offer the benefits of a hotel plus the privacy of choosing where you stay. Some people even get paid to rent their place, like AirBnB's "Renters Wanted" section. The extra income will help you afford and support a more luxurious lifestyle without breaking the bank.
2. Find Roommates Who Can Split Costs
When it comes to sharing space, there are many options. For example, you could find someone else to share the rent instead of paying a landlord directly. This way, both parties would benefit from the cost savings. Another option is to find other tenants to cohabitate with. This is especially common among students who need to save money. Living together means you don't have to hire housekeeping staff or make home repairs as well. Sharing rent will allow you to afford to rent in high-end locations.
3. Buy a Car Outright
You may be tempted to buy a new car since you're saving so much money. But before you rush into buying a vehicle, consider how you'll use it. Will you commute daily or just once or twice a week? Do you have a family or plans to start one soon? Also, think about whether you prefer electric vehicles or gas-powered cars. Buying a car in cash will also give you more flexibility when financing down the road.
4. Improve Your Living Situation
People typically spend the most time wherever they happen to call home. This is why it is very important to look for the best housing for your situation. However, you should also keep your budget in mind. If you do your research, you should be able to find someplace where you are comfortable without breaking the bank. For example, you can find very affordable apartments in Houston TX to suit your lifestyle.
5. Travel More
You should identify what expenses you plan to cut first in your budget. Don't forget to include travel budgets. Travelling around the world can be expensive, especially if you bring along luggage. However, you can still enjoy travelling abroad affordably and comfortably.
Here are a few tips to keep in mind:
- Book flights during off-peak times
- Stay in hostels,or cheap hotels
- Use public transport (subway/bus)
- Consider using sites like Airbnb or Couch surfing
- Look into local student exchange programs
- Use apps such as Priceline to book last-minute deals
- Shop around for better rates and perks
- Try booking airfare through discount websites
- Use social media platforms to advertise your services
- Consider selling unwanted items online or through classified ads in local newspapers.
6. Take Care of Yourself
Self-care is something we often overlook. You might be doing all the luxurious and glamorous things in your life, but taking care of yourself doesn't have to break the bank. It can be free. Here are some ideas:
- Schedule regular exercise sessions
- Have a healthy breakfast every morning
- Keep up on doctor appointments
- Work out at least 30 minutes each day
- Set aside time to relax and de-stress
- Spend quality time with loved ones
- Go to the beach or pool whenever possible
- Get a massage regularly.
Conclusion
All these things will help you leave a healthy life while you make more plans to elevate your lifestyle and way of living. What do you think about these ways to elevate your lifestyle in 2020? Which one did you choose? I hope you'll take action right away because these actions will help you get closer to your goals.
