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From Co-living To Sub-letting, Save Money and See the World

Mayan cities hidden deep in the jungles, ancient Buddhist temples of Pakistan, the Grand Canyon, or the world’s largest ball of twine, not all travel destinations are exotic. Regardless of where you want to travel, it’s not cheap. With the cost of living continuing to increase, more and more people are finding creative ways to love where they live while still saving money. Here is what people are doing to make their travel dreams come true.

Co-Living

So what is co-living? It started with Silicon Valley hopefuls but it certainly didn’t end there. Co-living has been a popular money-saving option for decades. One person finds a large house or group of apartments and a group of people willing to share common space. The details of the situation vary from place to place. In some spaces, people share kitchens, bathrooms, and other living areas with only their bedroom being private. Still, there are others that include more privacy. The common feature that all co-living spaces share is reduced rent. There are websites like common.com that present locations available for co-living in big cities. If this interests you, visit their facebook page or their website for more information.

Still, there are other reasons for co-living. You’ll almost always have someone to share a meal with or accuse of cheating at Scrabble. Of course, you’ll also be racing these people to the bathroom in the morning. So if you can, pick roommates that are slower than you!

Sub-Letting

If living with a large group of people isn’t your style, but you still need to save money, consider subletting a room from someone. Typically, renting a room is less than splitting an apartment or a house. Details about shared areas are worked out and vary from lease to lease. Make sure you understand the details of a sub-lease. Not all sublets are allowed by management companies. Find out the details of the lease, and protect your rights as a renter.

Become an Au Pair

Another option is becoming an au pair. Au pair services match nannies with families around the world. The real kicker is you won’t have to pay rent. Most live-in nannies receive a weekly stipend, as well as a free place to stay, and food. Always dreamed of visiting Italy? Why not go live there with a family? If you’re worried about not speaking the language, don’t. Many families are looking for people to speak English with their children. Being an au pair doesn’t have to be a long-term commitment either. Jobs usually range in duration from 3 months to a year.

Co-living, sub-letting and becoming an au pair all promote financial savings. With the cost of living on the rise, gap years to travel abroad are becoming less and less common. Whether you choose to co-live or rent a room, you’ll find more than just financial benefits with your options. While you’re traveling, you’ll have someone to water your plants or drop the bills in the mail. Your chance of falling victim to a burglary while you travel is also reduced by having a roommate or 5 at home.

All of these options will allow you to meet new people, travel the world, and save money. That way you can travel even more. Find the best option for you in your city, and then save enough to leave.

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