Rent money is the main expenditure of everyone’s life because it is the biggest amount of money that goes to single entity from your account which is the landlord. Getting a cheap apartment is the biggest desire of today’s people because the life in big cities has become very expensive since last few decades. People have to spend thousands of dollars on insurance premiums and hundreds of dollars go for insurance every month from their bank accounts so this has created a lot of problems where people have to manage their expenses all the time. This is the reason behind government census related to monthly expenditures of every person and this census shows that no one should spend more than thirty percent of his monthly income for paying the rent for apartment.
The reason behind serious concern of government related to the money that people spend on their rent is that the increasing number of people going bankrupt every day. This has increased the problems of government so they came up with a solution and tried to educate people that what amount of money they should spend on different things of their lives. Rent is considered to be the most important thing because it constitutes most part of your income. People like to live in luxury apartments irrespective of the money that they earn every month so in return they end up paying more money for rent and then fail to manage the other expenditures of life whenever they face any financial problem in their lives.
The main issue that arises in this situation is finding of a cheap apartment because it is not a very easy task when you look for comfort level at the same time. There are certain options that you can follow in this situation and one of them includes renting apartments far away from the main city. This is because the main city charges a lot of rent to its residents and this rent money may make up more than thirty percent of your income. Getting an apartment in suburb if that city will save you from the problem of expensive apartments and life will also be very easy over there. The only thing that you will have to notice in this situation is the commuting cost because this can make up a very important part of your expenditure. If this commuting cost is nearly equal to the extra cost that you will have to pay in shape of rent of an apartment in main city then never choose suburb to live. This is because travelling from such a place every day will also take a lot of energy so you will not be ale to work hard for your job.
Another way to get a cheap rental apartment in main city is to get an apartment and then share it with any friend. This is because sharing can decrease your overall cost of living as the utility bills will also decrease as there will be two people paying for the heating of single apartment.