Are you trying to cut costs? Did you have a sudden drop in income? Are you a college student trying to avoid student loans?
One of the most common suggestions personal finance authors make is to move to a cheaper location to save costs, but does it really save that much? How long do you have to be in the new location to reap the rewards of moving?
My husband and I currently live in a spacious, 1,000 sq. foot, two bedroom apartment. We live in an urban area and find our $1,000 a month rent competitive with the area. We have not had a rent increase in two years, and most two bedroom apartments cost more than ours does. I will use our current situation as the example for the purpose of this exercise.