One of the best ways to improve your personal finance is by living in your own house. You will be able to save money on rent and hopefully can make additional income form renting out your house. Do you have your own house?
Do you live in your own house?
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I own a small apartment and I am living in it. I do not have to worry about paying rent. But owning a house or apartment also has a lot of cost such as regular maintenance and repair. Here, if you live in a rented apartment, the landlord is responsible for paying any repair fee.
When you live in your own house, you don't need to worry about paying rent and that funds for rent can be channeled into something else. I should be moving into my own house by the middle of next year.
You said it right. When we left the family house and sold by my evil relatives, we felt the burden of renting an apartment. That is why I am working hard to have our own house.
When you accumulate the rent that you pay for five years in a rented apartment, it would have been enough to build a house.
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I am not yet living in my own house. I hope to build one so that I can stop saving huge money to give to the landlord every year.
When you consider the financial implications, I think that it is even better to stay with your family if you are single than to go rent an apartment.
At least, you don't have to bother much about paying rents annually. If you know the amount people shell out every year for rent. I am a practical example.
A couple of years ago, I moved out of our family home and started renting a small apartment. I am enjoying my life here a lot more. Hopefully, I will be able to acquire my own house someday.
