Personal Finance Strategies

Homepage  | Add to Favorites

 

Search
Recommended Products
Related Links


 

 

Featured Articles

Marital Bliss!
Few annotations to obtain bliss in “Marriage”!! Hey, don’t get surprised. Check this out!!! This might sound very bizarre to a few people but yes…..it is genuinely true that you can obtain bliss in Marriage! We see a lot of ups and downs in...



Add A Few Dollars To Your Mortgage Payment
Many of us don't believe that a few dollars can make a big difference. In a lot of cases that is true. But when it comes to mortgages or any other type of loan, a few extra dollars can save you Big Bucks. The chart below gives examples of three...

Fun Treasure Hunt
Treasure Hunt... Make a Birthday (or any reason for a gift) into a fun time for all…… First the short simple version:- Put a clue in a Birthday card that leads to another clue, then another clue, until eventually they find the presant..just...


Trust in Marriage
A couple should trust each other in many ways. When they meet new people they are expected to be trusted not to wonder from a marriage. Not to have an affair or become involved with anyone else. Trust in marriage is also needed when keeping finances...

 
Making Room for Two: How to Adjust to Life with a Roommate

Because downsizing is a fact of life these days, many renters and homeowners can, at a moment's notice, find themselves unable to pay the rent or the mortgage. It suddenly becomes necessary to find a roommate - and fast.

In previous articles, we've discussed the screening process and what kinds of questions you should ask before moving anyone into your home, whether he or she is a close friend or complete stranger.

In the rush to simply find a roommate we can trust, however, we often overlook the other insidious issues. How are you going to make space for a newcomer when you've been living solo for such a long period of time? After all, each one of us is set in our ways. Introduce a new element into the picture, and your routine is interrupted. How will you react? Consider the fact that your furniture is arranged just the way you like it.

Where is your roommate going to place his or her own furnishings? Are you willing to make room for some of those items, possibly rearranging yours or even placing them in storage? What if he/she doesn't own many items and has designs on your plates, your television, your kitchen table? Do you mind? If your new roommate is a family member, the issues become even stickier, and you'll have to tread lightly. A record number of new college graduates are returning to their parents' homes -- at least for the first year, when finances are tight, salaries are low and job stability can be uncertain.

And as a greater percentage of our national population reaches their 60s and above, we've witnessed many of them moving in with family members - even those who remain very active - simply because the cost of living makes a solo lifestyle difficult to maintain.

Regardless of your relationship to your new roommate or the size of your living quarters, both of you must have your own respective spaces in which you may shut the door and maintain a basic level of privacy. This is key to everyone's sanity. If you have to clear out that storage room you've been avoiding, or spend an extended period doubling your kitchen table as an office because you give your spare bedroom to your new roommate, then so be it. The importance - and, ultimately, the benefits -- of a good relationship with your roommate far outweigh any temporary inconveniences you'll face.

If you suddenly find that the combination of your own belongings and your roommate's is causing excessive clutter in your home, you may want to consider either hosting a garage sale (after all, the need for a little extra money is what prompts many of us to search for a roommate in the first place) or placing your belongings in a climate-controlled storage facility, many of which are cheaper than you might expect.

Some roommates opt for an existence in which they're two ships passing in the night; and so they shop for groceries and cook


for themselves. If you want to save money as well as time, however, you'll consider splitting the shopping and cooking responsibilities with your roommate. Plan your menus weekly. Place a magnetic memo board on the refrigerator, on which each roommate may write his/her personal weekly shopping list (for snacks, breakfast items or other groceries you don't share). Roommates should alternate weeks making the trip to the grocery store. And plan to allocate a particular number of nights each week on which each roommate is responsible for preparing dinner. Be clear about your food preferences (obviously, a steak dinner won't sit well with a strict vegetarian).

Ultimately, meal-sharing will save you money and time. Be smart in your approach; prepare larger portions, and freeze the remainders for another night. In addition, you're less likely to rely on convenience foods, many of which have little nutritional value and tend to be significantly more expensive.

Household chores are a major point of contention among roommates. So set the record straight from day one. Create a list of who will perform what.

And be realistic. If your roommate would rather have a root canal than mow the lawn, how easy it going to be to coax him into this chore on a regular basis? If you feel the same way about lawn care, you might consider hiring a neighborhood teen to handle the job. You're paying for the preservation of your relationship, so it's a worthwhile investment.

If your roommate is a family member and isn't paying rent, determine immediately upon their arrival how they'll compensate you for the convenience of living under your roof.

If it's a parent, perhaps he or she can chip in weekly grocery money, pay for a meal in a restaurant once a week or assume an extra chore or two. If it's an employed child returning to the nest after college graduation, you may consider asking them for a small amount in monthly rent and/or to assume responsibility for weekly tasks - the grocery shopping, yard maintenance, taking the family out once a month for dinner, etc. Of course, these extras aren't a substitution for the expected tasks of doing his/her own laundry, dishes and bedroom and bathroom maintenance.

Introducing a roommate into a previously solo or empty-nester existence is never an easy proposition. But when you approach the transition with careful planning and open communication, you'll find yourself pleasantly surprised at the results: a closer relationship with your family members or a trusted new friend and confidante.

About The Author

Since 1989 Dan The Roommate Man has helpe 1000's people find roommates. Need help? Contact him at 800-487-8050 or www.roommateexpress.com

info@roommateexpress.com

 


Visit these sites in the Information Organizers Network
Find Out About State-by-State First Time Home Buyer Grant Programs | Philanthropy News | Work from Home Stuffing Envelopes | Business Smartest Ideas | School Funding | Health Funding | Government Grants for Small Business | Directories of Non Profit Resources | Children and Youth Grants | Social Services Employment Opportunities | Repair Your Credit | Dogs Beds | Reseller Web Hosting | Grant Foundation | Evironmental Grants News | Non-Profit Management | Government Grants | Government Grants for Individuals | Beautiful Screensavers | Grants News for Children | Federal Government Grants | Environment Funders | Community Economic Development | Gratitude Screensaver | County - Community Foundation Info | Sitemap | Privacy Policy
Edited by:Michael Saunders

©2011 Information Organizers, LLC