A couple transitioned from a duplex to living in the mother-in-law's garage for $250 a month when their rent was set to increase by 50%. The garage was in poor condition but became a space for saving money. By living there, they allocated an additional $1,500 monthly to pay off student loans and save for a home. They improved the space by cleaning and adding furniture but faced challenges due to its basic and unfinished state. This choice aimed to escape the cycle of high rents and financial instability.
Living in my mother-in-law's garage for $250 a month allowed us to save an extra $1,500 monthly for debt reduction and future home investments despite its unlovely condition.
The decision to move was driven by a drastic rental increase of over 50%, leading us to prioritize financial stability over the ideal living situation.
The garage space was transformed through extensive cleaning and furnishings, but the harsh reality of cement floors and exposed insulation remained.
Rather than continuing the cycle of renting and struggling to save for a down payment, we chose a less conventional living situation to build our future.
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