If having to move wasn’t trouble enough, there is still the issue of paying for everything. Also, there is the problem of paying for the living expenses. Therefore, it’s quite important to find every possible way to cut your expenses when living in Manhattan. This part of New York is globally famous for its high cost of living. While that is largely true, there are still ways to reduce those costs to something that is much more manageable. For instance, you can move into a smaller home and find a good Manhattan storage solution to keep your belongings. Keep in mind that downsizing can be a great thing you shouldn’t disqualify by default. That said, forget about what people say, it’s better to minimalize all of the costs you can than to look rich and barely make ends meet. With that in mind, let’s begin!
The best way to cut your expenses when living in Manhattan is to cancel excess subscriptions
So, let’s get this out of the way first. The consumer culture of the 21st century has led many of us to just subscribe to something in order to access different sites or services we need. This subscription costs, either on a monthly or yearly basis. And while $2, $5, $10, or even $20 per month may not seem like a lot, it adds up. On average, U. S. citizens spend upwards of $2400 annually on subscriptions they don’t need. When you think about it, you are basically giving away $200 each month for something you don’t use and will most likely never use.
Therefore, try and cancel all of the unnecessary subscriptions you have. While you may not feel the impact immediately, your financial life will be much easier in the long run. Thankfully, there are services like Heart Moving Manhattan NYC that don’t require any kind of subscription. So, on the relocation side, you shouldn’t expect any long-term expenses that may ruin your financial stability. This is very important and is something a lot of people don’t pay attention to. Therefore, don’t be that kind of person! Be smart with your money.
Find roommates in cheaper neighborhoods
The average rent is pretty high in New York as a whole. This is an indicator of the overall standard of living. However, there are neighborhoods that are not that expensive but are still great for living. A great example of that is Chinatown. It has held onto lower averages with one-bedrooms averaging $2,950. And that is a steal when you think about it. So, you should not delay contacting Chinatown movers any further. This is definitely one of the best ways to cut your expenses when living in Manhattan.
Also, we have to emphasize the importance of finding roommates. This is another great way to cut your expenses when living in Manhattan. All of the bills including the rent can be split into two or more parts. Depending on the number of roommates. So, this is a great way to reduce costs dramatically. It can even go to the point where you can cover all the mandatory living expenses with the amount of money needed for living in much cheaper states or cities. Therefore, you should definitely consider this option once you decide to move to Manhattan!
Another great way to cut your expenses when living in Manhattan – cook your food
You wouldn’t believe how much average New Yorkers spend on takeout food! With that in mind, it would only be logical to cut your expenses when living in Manhattan by preparing your own food. So, it’s always cheaper to buy separate ingredients for a meal than to buy it prepared. Again, even though our consumer culture encourages us to spend, this one is just a plain stupid expense. Also, an unhealthy one. Home-cooked food is much healthier and much more delicious. Additionally, you will have an extra layer of satisfaction knowing that you prepared it yourself!
Even though in the moments right after moving to New York it’s an alluring idea to have takeout until you settle in, you should avoid it as much as possible. The reason behind this logic is twofold. Firstly, passing on takeout will give you an extra incentive to finish unpacking more quickly. Secondly, it is a healthier and cheaper option. Of course, if you have a lot of stuff to unpack, we understand the convenience of takeout food. Just try and don’t make it a habit.
Last but not least
Pay your bills on time! Well, you may think now “how will this reduce my expenses?“. And that is a good question! Also, the answer is quite simple. So, most service providers across all branches have a specific system that will encourage people to pay their bills on time. The main aspect of this system is the benefit of lowering the bills because you are a regular payer. When you think about that, it’s actually quite genius. You will be rewarded for regular payments by lowering the price you have to pay! On an annual basis, you can save thousands of dollars using this method. So, make sure to give it a try!
Also, get familiar with the different types of banking services that can be very useful. For instance, you probably don’t know that there is a possibility to receive free money from your bank! Yes, in spite of this sounding like a fairytale, it’s actually true. In the same way that service providers reward regular payers, banks encourage clients to be financially responsible. The only thing you have to do is to have a positive balance in your account, at the end of the month. This is the only criteria by which you become eligible for the free money! Besides, this is a great way to save for a house, which is in your best interest. Therefore, try and use this opportunity as soon as possible. It is also a great way to cut your expenses when living in Manhattan by thinking outside of the box. Good luck!