Wednesday, March 18, 2009

This Tip May Not Be For Everyone But....

As the title says this tip may not be for everyone but it is something everyone should consider. This is a big one not only for saving money as a family but environmentally too. Here in the States we place great emphasis on independence... doing things on you own with no help from anyone. This can lead to great things but it also robs us of a vital support structure as families move all over the place.

If you are lucky enough to live close to your family then consider sharing a resident. That's right share one home instead of two. Think of how much you can save by doing this. There will be no duplicate purchases. One couch instead of two, one TV, video game system, dining table, set of pans for cooking, etc etc and on and on. There is also only one set of bills Heat, electric and if you want cable TV you could get all the extras and still pay less then if you were paying for it in two houses. This also means more money into savings and more people to keep an eye on the kids (Lets face it most kids are not getting enough adult supervision)

Now I know what your thinking....... NO WAY we would be fighting day and night.... Well this is something else we have lost through the insistence of personal independence... The art of compromise. It is so easy to move away from the problem that we no longer face them and it is something we pass on to our kids.

Now don't get me wrong I am not saying this would be an easy thing to do. It would take a lot of discussion.....Who's house do you use... (assuming both parties have their own) Do you sell both and buy one that is big enough to house both families. How about the kids do you give the boys one room and the girls another or do you make sure that each families kids have their own rooms? Who does which chores ? Who pays which bills... do you make a joint bank account where all working parties deposit money to pay the bills and for emergencies.... If you buy a house together how do you split it if you life forces you to separate?

For the money matters I suggest you put in writing how you are going to do it and how you will handle splitting things up later.

With things getting tight all over ( and yes I think things will get worse before they get better) it is something worth considering.

2 comments:

yeokeehui@gmail.com said...

It will be more economical and more affordable especially when the economy is getting worse.But there are too many considerations and compromises among the members of the two families. It will be more feasible if both are small family.

April said...

Very true but with some planning larger families can do it too.

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