My monthly rent just went from $1,500 per month to $350 per month. Yes, you read that right – I just started saving $1,150 on my rent each and every month! (Do I sound like a Geico insurance ad?) This is part of the move I have referenced as of late and part of my long-term plan to hitting the road full time within the next 12 months. The place I was renting in California was a 2 bedroom, 1 bathroom stand-alone house with rather high utility bills each month, while the place I am now renting in New Mexico is a studio-sized bungalow near town with all the utilities included. Counting rent, utilities, and entertainment, my costs for the house in California added up to about $1,750, while the costs for the studio in New Mexico add up to, well, exactly $350. I no longer have cable TV, and my heat/water/internet service is included in the rent, so my monthly expenses for the place end at the full cost of my rent each month. This may be too much sacrifice for some people, but for me it’s a means to an end — one I am looking forward to.
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