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5 Ways Renters Can Save Money

Updated: Jul 31, 2019

Saving money will always be something to stop and reevaluate every so often. Whether you have never really thought about your savings or you already have a nice chunk set aside for an emergency, renters are always on a mission to save money. Here is our list of ways to reevaluate your living situation because in the end, having more experiences than things can change your life.

1. Deep Clean Your Life What do you really need in life? What is essential and what is just taking up room? Take a look around and decide what makes you happy, what you use everyday and what haven't you touched in years. The bottom line is deciding what brings you happiness. If you need a little inspiration, Marie Kondo, is a great resource. She has been inspiring people to choose joy and complete their tidying adventures for years. In 2011, she published her first book called The Life-Changing Magic of Tidying Up which has sold over 4 million copies. Having less things will allow you to perhaps move into a smaller apartment, and small is not a bad thing. Especially if you live in an area where there are things to do and places to be.

2. Sell Your Unused Items Online

Once you have decided which items spark joy and which items are just taking up space, sell those unwanted things online! You might think that no one would want your crap but little do you know that someone just down the block from you could use those very same items. Nowadays the digital world makes is extremely easy to sell your unused belongings without having to wait for your summer garage sale. Take a leap and put something online right now and just wait. You will quickly learn how many people are interested, and the messages will just start pouring in. Apps like LetGo and OfferUp are great resources but we have found that Facebook Marketplace has more traffic.

3. Check the Meter Readings When You Move In

This is something many new occupants of rental properties often forget to do.

When you move in, be sure to take a photo of the meter readings to make sure you are not being charged for the services that you haven’t used. This information can easily be found if you are in a rental home, however, if you are in apartment this may be a bit harder to find. Ask your property manager where your meter can be found.

4. Review Your Lease Agreement Carefully

Always make sure that the agreed upon price is correct and that your lease agreement is straight forward. Keep in mind who is responsible for the replacement of furnace filters, changing of lightbulbs, etc. Small maintenance requests like these can often be more expensive to have property management companies step in because of the time spent to and from the property, available personnel and materials needed.

5. Get Your Security Deposit Back In Full

Being polite can go a long way, and as a responsible tenant make sure to keep your apartment undamaged. Know your rights in terms of carpet cleaning, some landlords will try to charge you for the replacement of carpet when you move out. However, a landlord cannot charge a tenant damages for normal wear and tear. Carpet that is slightly worn or that can be cleaned professionally is not considered "damaged".

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Saint Paul, MN 55101
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