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Money and Finances
Reply to "People who don't save for retirement"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I will be working until I die. I can't afford to retire. That's for rich people. [/quote] Same. I live paycheck to paycheck. I'm single and don't have the benefit of a second income. It doesn't leave much to save for retirement. [/quote] Find a roommate and split expenses. [/quote] Beyond age 24/25, who wants a roommate? It can create so many issues. You sign a 1 year lease, they want to move at the end, so you have to relocate (and/or find new roommates) to a 1 bedroom, you need at least a few days of overlap, you have to pay movers or do the work yourself, etc. If you have to pay for 1 extra month because of moving apartments, you have negated the savings of having roommates. My kid has seen it happen with too many of their friends, so they happily pay the premium for their own 1 bedroom and space. [/quote] I rented a room in a group house until I was 32. I saved a lot of money that way. The only reason I moved out was when my grandmother died and left me her condo. We all had individual leases with our landlord so there were no issues with people moving out and needing to move or pay their portion of the rent. DCUMs are such snobs. [/quote] Outside of college housing, there are not many places where landlords rent "rooms" to individuals with each having their own lease. The scenario I described above is real and can end up costing you $2K+, which negates the savings of having a roommate. [/quote] Not true. My son lives in a house like this in Baltimore now and he lived in one in DC. Both after college. Not many college grads can afford their own place anymore. [/quote] I lived in a group house with young professionals until I turned 30. I knew a lot people in similar situations at that time. I’m 51 now. I don’t think this is a new phenomenon. [/quote] Dh also lived in a group house until we married. There were 5 bedrooms, 2 baths with 5 separate leases. The head roommate charged each person 1/5 of the utilities each month. [/quote]
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