Tips and Tricks to Save More Money Together
Simple ways to save money that you and your roommate might not have thought about!
When you live with a roommate, it’s guaranteed you’ll save money on the big expenses like rent and utilities. Even your monthly expenditures on household essentials will be cut by half. But did you know that there are other ways that roommates can help you save money? Here are 4 tips and tricks to help you and your roomie save that cash so you can live better together.
- Netflix, Amazon Prime and Disney Plus? No problem
For many people, binge-watching Netflix has become a nightly ritual. But as the monthly membership fee continues to rise, so does the guilt that comes with indulging in this pleasure. Luckily, there is a way to enjoy all your favourite shows without breaking the bank: get a roommate and split the cost 50/50. Why not take advantage of this simple solution? It’ll help you stay within your budget, and still get your Netflix fix. Sharing the fee of other subscriptions, like Amazon Prime or Disney Plus, will also feel like a built-in discount.
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2. Save on Fitness Memberships
Some fitness facilities will offer family or household discounts to two or more people who join together. If you’ve both been meaning to try out that new Spin class, but the price has been holding you back, you may want to inquire about their reduced group memberships. (Add one more sentence? Find an example)
3. Share a Cell Phone Plan
Our monthly cell phone bill is often one of our biggest expenses. But what if there were a way to reduce that bill? Well, there is: sharing a cell phone plan with your roommate. By splitting the cost of a plan between two or more people, you can significantly lower your monthly bill. And with the money you save, you could even upgrade to a better phone or add more data to your plan. Many carriers offer multi-line shared plans.
4. Buy in Bulk
If you’ve ever stepped foot in a bulk store like Costco or Bulk Barn, you know that the prices are significantly lower than your average grocery store. Buying in bulk can help you save money on household supplies and personal care products. The more you buy, the cheaper it is. You’ll be able to split the cost of larger items and end up paying less than if you were to purchase them on your own. If you’re already enjoying the savings from splitting other costs with your roommate, you may want to consider sharing a Costco membership. Costco is known for offering great deals on bulk items, and a membership will make your bulk purchases easier and cheaper in the long run.
Written by Yasmine Haik
