Lifestyle

  • 9 YEARS LATER: Being a One-Car Family and Why You Should Consider it in 2023

    9 YEARS LATER: Being a One-Car Family and Why You Should Consider it in 2024

    How we save $20,013 a year being a one-car family. It started almost 9 years ago we I got married and we were a one-car couple – it worked for us back then but I’m here to say that even now, 3 kids later, it still works for us. Learn how you could save $20,013 a year too by becoming a one-car family might be the difference between staying broker or reaching your financial goals. 

    Way back in 2014, our little family of two made a bold decision to try and stay a one-car family for as long as possible. At that stage we both worked full time but in a similar direction from our house so each day I would drop off my now husband at his office before going to my office for work. Or if he had appointments that day and needed the car he’d drop me at work. It was a great way to stay connected to each others lives because we got to spend the car trip to and from work catching up and chatting about what we were excited for that day, what we were dreading or what wins we’d had that day.

    Then almost two years later we were blessed with our own little human, and with the imminent arrival of our first child we faced a decision: do we stay a one-car family or do what everyone else we know has done and get a second car?

    All our friends and even some family thought we should get a second car once the baby arrived (if not just before) even if it was a second hand, cheap old car. We were told “you really have to get another car” and “most people have more than one car already, when the baby arrives you’ll need a second car” and “do you really want to catch public transport to work, that’s such a pain”. Working in finance has certainly taught me that doing what every one else is doing isn’t necessarily to smartest financial decision in the long run and this felt like a moment where it was important to really stop, weight up the pro’s and con’s of continuing to be a one-car family before automatically going and spending $20,000 – $60,000 on a second car (they were cheaper back then), not to mention the cost of registration, insurance, maintenance and fuel. 

    After talking it over, we started to wonder whether we could get away with continuing as a one-car family. 

    We knew that buying a second car would add parking issues because we lived in an apartment with only one parking space. We would need to spend at least $20,000 for a semi-reliable second-hand old car, plus registration, insurance, maintenance which as time goes on would become more trips to the mechanic at presumably increasing costs and let’s not forget the cost of fuel (diesel or petrol because electric cars weren’t really a realistic option back then).

    And all of a sudden we thought, if we’re financially going down to ONE (1) income for a little while WHY would we also add the cost of a second car which would extra financial pressure on us at a time when we’ll likely be sleep deprived and already feeling stressed as new parents!

    So the decision was made.

    We would try and continue to be a one-car family as a couple with a baby.
    And if it really was too hard then we’d get a second car… like everyone else. 

     

    Do you know what happened? 
    It worked. 

    We worked out HOW to be a one-car family with a baby. 

    Then four years later we were blessed with another baby.
    We now had two children and one car and we went through the exact same process of really working out for us, did we need a second car or could we STILL continue to be a one-car family. 

    And you know what, we worked it out and continued to stay a one-car family. 

    But this is where it started to get tricky. 

    Six years after our first baby was born, we found out that we had a third baby on the way. 

    This time our discuss about whether we should continue to stay a one-car family was a little different because it wasn’t JUST about the financial side of having a second car. This time we weren’t concerned about whether we’d be able to travel to all the different activities and work events we needed to, we’d over come all those obstacles. 
    This time the big question was do we upgrade to a bigger car because we would be a family of five and we only had a five seater car. With this third child we’d loose that spare seat. 

    We are still working out how to continue being a one-car family as a family of five but just like before I’m sure we’ll find a way. So you’re probably now wondering, Edwena how do you stay a one-car family, how do you make it work and why is it really worth it? 

    Why Being a One-Car Family Is Worth It

    You might be starting to think that the hassle of being a one-car family isn’t worth the financial savings. In reality only you can decide that for your family but I still think we made the right decision to stay a one-car family even after having kids.

    Here’s why:

    • We are not paying $864 a year for a second car registration. The most common ‘unexpected’ bill family’s receive is that once a year car registration bill and every year it has increased from the year before.
    • We eliminate the prospect of costly mechanics bills. The problem with having a car is the many “what-ifs” that come with them. The costs of replacing the radiator, or engine timing chain, or having ‘hard to find’ electrical issues that keep that one ‘fault’ light on the dash on.
    • We are able to save more. Don’t believe me?
      The Australian Automobile Association transport affordability index shows us the data that owing a car in Australia can cost you up to $20,013 a year (Q4 2022).
      Personally we’d rather spend that money on travelling overseas for an awesome holiday or invest it (during covid) than spend it on a car but again… we aren’t like everyone else.
    • Our family also has a lower carbon footprint by not having a second car. If you are concerned about your family’s impact on the environment then being a one-car family should be a no-brainer for you. This report from 2018 (which hasn’t been updated since) states that “a typical passenger vehicle emits about 4.6 metric tons of carbon dioxide per year”. Just something to think about.

    How Being a One-Car Family Works

    It’s now been almost 9 years and we moved homes to live in suburbia, and are still a one-car family. How do we do it? Well it isn’t that hard. Here is how we do it;

    1. Walking

    Seems logical that walking would be the first option but when you have a car the automatic default option for people is generally to drive even if were you are going in only a short distance.

    Coffee is our ‘little luxury’ and is an important part of our morning routine so for our family we walk to our local coffee shop almost every day. We walk to the park, sometimes the supermarket and sometimes we just walk up and down the street – to burn our kids energy levels a little before nap time.

    2. Sharing The Car With a Little Planning

    This is SUPER important and I can’t emphases how important it is to plan ahead and communicate those plans with your partner.

    Juggling working and kids is tricky and no-one questions that. But in order to be a one-car family communication about appointments coming up and social activities is the only way to make sure that you don’t accidentally both want to use the car at the same time.

    For us we have full visibility to each others calendars. This means that before I book an appointments or my husband books any appointments where we will want to use the car – we check our diaries first. It’s not hard but it takes a little getting used to at the beginning.

    3. Getting Dropped Off

    I told you about how before we had a kid we were a one-car couple and mentioned that I used to drop my husband off at his office for work before heading to my office. Well, we still do that. The difference now is that when one of us is getting dropped off the other is probably then looking after our kids.

    This can mean that sometimes one of us gets dropped at the office, the airport or a cafe before we need to be there but when you have kids, a little bit of quiet time before a meeting starts isn’t a bad thing!

    4. Using Public Transport

    Were we live there a bus line which takes you to the train station and from there its a 1 hour train trip into the city centre. It is clearly by no means quick but it is an available option.

    Most cities have some form of public transport options available. Not all towns do but cities certainly.

    Public transport is often considered a sub-par way of travelling in America but certainly in places like Hong Kong, Melbourne, Singapore using public transport is almost the norm.

    If you live in an area where public transport is an option – use it. It is generally cheap and a little smile might help you discover some friendly people (yes I’m a big fan of smiling at strangers, sorry not sorry if you think that’s weird).

    5. Borrowing a Car From a Family Member

    I don’t like asking to borrow a car from family or friends but there has been one occasion when our car was going to be at the mechanics for longer than anticipated. I had arranged appointments with clients in an area where public transport wasn’t available and catching a taxi or using a car riding app was going to be too expensive (over $100!).
    Family and friends are an important part of community and I have found that when situations arise where we do need to borrow a car – we have been overwhelmed by just how generous our family and friends have been.

    I think my Mum said it best “it’s a practical way of showing we care.”

    6. Car Ride Sharing Apps

    No doubt you’ve heard of Uber, Lyft and perhaps you’ve even heard of Shebah, the all women rideshare service in Australia.

    Each one is a great service and I’ve used each one at different times including while travelling overseas.

    Car ride sharing isn’t my automatic default when we are in a pinch to use a car. I am more likely to call a friend or family member or take public transport before using a car ride sharing apps service. This is just my personal preference but if it is late at night or I’m in a completely unknown city/country I’ll usually reach for a car ride sharing app for help.

    I’ve found that when I am already struggling to navigate a city, then I’ll use one of these apps to help save time and the stress of working out how to get where I am going.

    THANKS FOR READING

    Knowledge itself is transformative which is why our blog exists; 
    it’s to help you.

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  • Thinking About How to Quit Watching TV

    Thinking About How to Quit Watching TV

    Are you ready to quit watching TV?

    You’ve read about how much TV the average person watches too, right? Yes, the research is true – the average person watches over 5 hours of TV a day! That is almost as much time as the average person spends at work or sleeping. (Well, I DID say ‘almost’…)

    My guess is that you probably don’t watch that much tv. But you are aware that you watch more TV than is probably best for you, but it’s such an easy ‘default’ activity that you don’t know how to stop. You might be starting to wonder, could you quit watching tv and if you did what would you do instead of watching TV.

    Like cutting any habit out of your life, if isn’t going to be easy and you’ll want a plan. But let’s start by remembering that watching TV is bad for you!

    Founder and president of Path Foundation NY, Eric Braverman has spent years devoted to understanding brain health. His views on just how harmful TV is are blunt: “The boob tube turns you into a boob,” he says. “Television mesmerizes people and turns them into intellectual spectators. It feeds passivity and makes you less engaged.”

    I suspect that you know the true of Eric’s words in your gut.

    So let’s change that habit.

    What do to Instead of Watching TV

    There really is an endless list of things you could do instead of watching TV but to help you break the habit.

    Here are 22 things to do instead of watching TV. By the time you have ticked everything off this list you will be wondering how you ever had time to watch TV to begin with.

    Let’s get active

    1. When was the last time you went for a hike? If you’re reading this in summer now is the perfect time to take a hike while the days are long
    2. Start planning your next vacation! You can always book a couple short get-aways using AirBNB
    3. Go fishing
    4. Go surfing
    5. Go camping (or go camping in your own backyard)
    6. Go for a walk

    I think you are starting to get the idea here; there is an almost endless list of activities you could do that get you moving and will help you quit watching TV.
    And sure, maybe you’re thinking ‘that’s not interesting to me’, but lets be brutally honest with ourselves… is watching TV really that interesting? Aside from the short-term dopamine hit, is it really doing anything for you?
    Maybe there are 1 or 2 programs each week that are genuinely interesting, stimulating, GOOD… but then if you’re like I used to be, and like most people, then you end up leaving the TV on, and turning it on even on nights when there’s nothing on, and just ‘channel surfing’ hoping for something good…
    Is going for a walk or setting up a camp with the kids in your own backyard such a bad way to spend an evening in comparison?

    Let’s get cultured

    1. Visit the local library – libraries are constantly changing programs they run, new books they have for you to borrow, along with different ways to engage with your local community. They also tend to have a schedule of different activities and social groups you can be a part of.
    2. Read a book. Now that you’ve visited a library you’ve hopefully been reminded of all the incredible ideas and stories that have been written! Reading a book will nourish your mind and excite your imagination. If you still aren’t sure about quitting watching TV you could read the Games of Thrones series instead of watching it. You’ll get those same vivid images, the same epic battles and amazing characters will come to life, but this time you’ll be INCREASING your brain activity, rather than switching it off.
    3. Hit the museum – like libraries, museums are continually bringing in new exhibitions on top of their core exhibition.
    4. Learn another language. Always wanted to travel to Paris or Rome? Why not learn French or Italian before you do!

    Let’s build your community

    1. Practice gratitude – watching TV has been linked to depression as people spend more time comparing themselves to those on TV, and being sedentary is also known to lead to depression in some people. Let’s flip that! Practice gratitude by inviting a friend or family member over for dinner and having some real-life conversations with real-life people!
    2. Games! Board games may seem old school but they are a fantastic way to exercise the mind and build lasting relationships with those around you. If you think board games are just ‘Monopoly’ and ‘Scrabble’ then google ‘eurogames’ and be amazed at the incredible range of great games that have been made in the last 10-15 years, aimed at challenging intelligent adults like you with interesting and engaging gameplay. It’s also a great way to keep your friends coming over to your house so you don’t have to go out…
    3. Call someone you love. A phone call might seem silly but taking the time to put your phone against your ear and use it for its original intended purpose can have a profound impact on the person you call and on yourself. Give it a try. You never know when your call is what makes someone’s day.
    4. Volunteer. You could volunteer at a local soup kitchen, women’s shelter, or church. Most not-for-profit organisations that help the local community love having people volunteer!

    Let’s make money

    1. Start working out how you could start a side hustle to make some extra money.
    2. Sell things you no longer need or want on eBay, Gumtree or an old fashioned garage sale.
    3. Become an Uber or Lyft driver. Since you’ve quit watching TV you’ll have a lot more time and earning some extra money as an Uber or Lyft driver will help you save even more cash and you’ll meet some of the people in your local area at the same time.
    4. Become a Mystery Shopper. If you’re looking for something to do instead of watching TV during the day, then you should give mystery shopping a go. You actually get paid to shop at stores, eat in restaurants and then give your opinion on the experience. It’s a good option if you need to make $500 fast too.
    5. Start giving tutoring lessons. If you have any sort of skill or knowledge that people want, and you can communicate well one-on-one, then this is worth thinking about. And you don’t have to be an expert, you just have to know your level and look for work at that level. For example, you don’t have to be a university professor to teach basic conversational English language skills.

    Let’s improve your environment

    1. Look at making your home more energy efficient – it will not only help you save money but it will also help the environment too.
    2. Cleaning the house is usually something that I hate doing on the weekends because it takes time away from doing fun things with family and friends. But by doing small cleaning chores throughout the week it all gets done before the weekend! It’s a win-win.
    3. Gardening – there is something soothing about being out in the garden, weeding, pruning, watching the seasons slowly change.
      There is something relaxing and calming about living in a clean and ordered environment. Clean and tidy benchtops in the kitchen, a clean office desk, and a tidy and ordered garden. It’s those areas of your environment that you see every day, that once clean and clear from clutter start to have a refreshing positive impact on your mind.

    A Final note

    Get Richer Every Day is about just that, giving your tactics and strategies to get richer every day. Watching TV and paying for TV are an area that many people have strong opinions but never stop to really question WHY they have those views.
    Have you ever stopped to ask yourself how much value you really get from TV? A week after that ‘big episode’ is all done and dusted, was it really worth it?

    You may ultimately decide that you don’t want to cut TV out of your life altogether or quit watching tv completely and that is fine – but finding better balance between TV and other activities can still bring a huge improvement to your mood, lifestyle, health, and finances, whilst still keeping the 1 or 2 shows that you just HAVE to watch.

    But let me ask a question:

    If you stopped paying for PayTV for one year how much money would you save, is it really worth that much to you and would you really miss it if you simply didn’t know what was on?

    THANKS FOR READING

    Knowledge itself is transformative which is why our blog exists; 
    it’s to help you.

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  • What are the Different Types of Wealth

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    What are the Different Types of Wealth

    ‘How many different types of wealth are there?’ isn’t a trick question or a rhetorical question. After my recent article ‘How to change your wealth ratio’, you wanted to know more about the different types of wealth there are and asked if I could elaborate a little further.
    You might be surprised to learn that there are more types of wealth than simply just financial wealth since financial wealth is the most spoken about type of wealth and has been for centuries.

    To help lay the groundwork for what are the different types of wealth lets first look at Maslow’s Hierarchy of Needs, yes the psychology theory from 1943 because it is here that we start to see what is now known as the different types of wealth and why they are important.

    Stay with me, I promise you will have one of those ‘a-ha’ moments soon.

    Maslow's Hierarchy Of Needs

    You probably learnt about Maslow’s Hierarchy of Needs at school as a kid, I kind of remember learning about it but it certainly didn’t mean much to me back then – other than having to memorize the 5 elements to be able to pass a test. You can see the pyramid below.

    Today Maslow’s Hierarchy of Needs has a more direct impact on me because I can see it’s value in life.

    As we go through different phases of life, where we fit on the hierarchy also moves.

    There is a clear point in the hierarchy where you aren’t concerned anymore about food, water, shelter. You aren’t concerned anymore about employment or the instability of renting a property. There is a point where you are surrounded by a loving family and a clear sense of connection to others.

    Once these desires and needs have been meet that is where we start to view life differently, were we start to view wealth differently. Is is where we start to look back down the list of desires and needs and reassess what are the other types of wealth that we hold that aren’t just financial.

    Why is it important to understand the different types of wealth?

    There are four basic kinds of wealth:

    Financial (Money) – which I’ll help you learn more about the longer you stick around

    Social (Status) – nope, sorry I can’t help with this one

    Time (Freedom to do what you want with your time) – I’ll help you with this one

    Physical (Health) – sorry, I can’t help with this one either

    Based on my own life, and that of close friends, you can get a point in life where you view wealth as more than just financial wealth. That’s hard to do when you’re struggling away towards the bottom of Maslow’s hierarchy, were earning more money is crucial to meeting the basic life needs we all have. But as you move higher up the hierarchy making more money will be less and less critical, and increasing your wealth in other areas will become more and more important to you.

    Understanding the different types of wealth will allow you to pass on to your children values around not only money management, which is important but also around these other three areas of wealth.

    Teaching your children that their physical health is important (no-one wants an obese child who will die before them from an early heart attack), that your social status is more than not being mean or a jerk to people it’s about caring for others and your community and being part of something bigger than yourself, and that your time is also a valuable type of wealth that you alone are the master of, and to use that time wisely.

    How can Knowing the Different Types of Wealth Impact Your Life

    Looking over Maslow’s Hierarchy of Needs and determining where you fit currently and then determining your lifetime Wealth Ratio, and what type of wealth you already hold will help you decide what you want to focus on next in your life.

    For our little family, knowing the different types of wealth has meant that we have felt more comfortable putting up our hands to be part of the Board for a local Children’s Hospital Fundraising Foundation and helping to raise over $2 million in four years, something both my husband and I find incredibly rewarding at a personal level but would not have considered if we hadn’t taken the time to review our situation and deem that we were in a position to be able to pursue a higher purpose.

    But it’s vital to look after yourself BEFORE you can really help look after others, after all, if you burn out or can no longer meet your basic needs, then you’ll no longer be in a position to make a big difference in the lives of others.

    So take a moment to self-assess. Where do you think you are in the hierarchy? You might be at different levels in different areas of your life. Perhaps all your physiological needs are met (I certainly hope they are!) but there’s some way to go before you’re in a position to really self-actualise your best life. That’s ok! We’re in that same place, we’re doing just fine but truth be told we could certainly be doing better.

    And that’s why we think about things like this, to help us to do better. What are the areas of your life that you think need the most urgent attention, to get them into line and move you a bit further up that hierarchy of needs towards your best life?

    Is money-wealth the most important thing for you to be focussing on? Or perhaps could you sacrifice a bit of money-wealth in return for more time-wealth, and actually move UP the hierarchy of needs as a result?

    Same with your health-wealth. No amount of money is worth killing yourself for.

    And what about your social-wealth? Are you a part of a community that really builds into your best life? How are your family relationships? Should you perhaps think about sacrificing a bit of money-wealth and time-wealth, to improve your social-wealth?

    Only you can answer these questions for yourself.

    This blog is mostly focussed on building your money-wealth, because once you have that under control you can afford to spend more time creating wealth in other ways as well, but it’s important not to be so single-minded about building your money-wealth that you completely neglect these other important parts of your life.

    Money is important, of course it is, but it’s the OTHER three types of wealth that REALLY help you move up Maslow’s Hierarchy of needs towards your best life. So make sure you’re building your best life by always keeping in mind the OTHER kinds of wealth, and take the time every once in a while to check yourself against the hierarchy of needs and see if the types of wealth you’re working on are the ones you need the most.over

    THANKS FOR READING

    Knowledge itself is transformative which is why our blog exists; it’s to help you.
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  • Fun Ways to Have Fun as a Family

    Fun Ways to Have Fun as a Family

    Spending time with family, creating lasting memories and giving yourselves stomach aches from laughing too much doesn’t have to break the bank. Kids need less than we often anticipate. Choosing to do something a little unique that is still low cost (or free) are often the actives kids remember.
    To help you discover a new and fun ways to have fun as a family, here is a list of 9 free or low cost family actives to fill your weekends!

    9 Fun Things To Do On The Weekend With Family

    • Home Video Night
      If your kids are anything like mine then they LOVE seeing themselves when they were younger. The funny things they said, or babbled, the awkward way they walked and how uncoordinated they were. Better yet, show them the video from your wedding! You’ll love recognising all their family and laugh none stop at how fashion has changed (so will you too!). (FREE)
    • Backyard Cricket
      Ask your children to organise a game and let them decide whether the teams should be kids vs adults, boys vs girls, or perhaps to captains get to pick their team members. Either way its a great way to spend hours together as a family and an every better way to burn some energy too. (FREE)
    • Beach Day
      If you are lucky enough to live near a beach organise to spend a day at the beach. Making sandcastles, playing in the water, and playing games on the beach (Frizbee anyone?!) can be SUPER fun with the family. You might even find that your kids love the idea of collecting shells to see all the different shapes, colours and sizes shells there are. (FREE or LOW cost if you add in buying ice-cream)
    • Camping in Your Backyard or Living Room
      Pitching a tent in the backyard or make a fort in the living room are great ways to teach your kids about physics and engineering in a non-boring way. Add flashlights/torches, snacks and sleeping bags and you have yourself a mini family holiday without the cost! (FREE)
    • Garage Sale
      Selling things you no longer want is a great way to earn a little bit of extra cash. It helps teach children that it is ok to sell your belongings when they no-longer hold value and offering to split the profits with your kids will likely be more motivating for them. (FREE and makes money)
    • Picnic in the Botanical Gardens
      Pack a picnic basket with sandwiches and snacks, a picnic blanket and your sun hats because heading to the Botanical Gardens is a great way to spend a day. Most Botanical Gardens are free to enter and open all day. You’ll be able to walk around and see plants and animals that aren’t at your normal park. You may even see swans! (FREE)
    • Family Bucket List
      Brainstorm ideas that every family members wants to one day do in their life, this will be become a great go-to list of future fun activities for the family. Pick one of those to do on the weekend. (FREE)
    • Complete a Jigsaw Puzzle
      When was the last time you did a jigsaw puzzle? It’s been a while hasn’t it. Check to see if you have a jigsaw puzzle already in the house and if not, this is a great puzzle to complete as a family. It will take you all weekend and will be satisfying for everyone has it is slowly completed. Once completed you may even want to frame it and hang on the wall. (FREE or LOW COST)
    • Trip to the airport
      You might be thinking ‘the airport?’ Yes the airport. Depending on how old your kids are they will LOVE watching the airplanes taking off and landing. Seeing them flying high in the sky while they run around pretending to be airplanes too – adorable memories. (FREE)

    THANKS FOR READING

    Knowledge itself is transformative which is why our blog exists; 
    it’s to help you.

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  • Change The Way You Travel with AirBNB

    Completely Change The Way You Travel with AirBNB

    Traveling is an incredible experience but finding somewhere to stay isn’t always easy. Some like planning months in advance while others (me!) like booking accommodation on the fly.

    A few years back we decided to try out AirBNB, scrolling through hotels, motels was getting frustrating. But what if I told you that AirBNB will literally change the way you travel.

    Well is did.

    Our family has travelled all over the world, and I don’t say that to brag but instead tell you that AirBNB is always the first app I pull up when thinking about where we might book accommodation. It never disappoints.

    We’ve staying in beautiful old homes and funky apartments high in the sky atop hills – each AirBNB place is different and each one is cared for by someone that wants your stay to be incredible.

    Change the way you travel by staying in a home

    Many short-term rentals are generally small because they are run as commercial businesses with huge overheads. However with AirBNB you are often booking to stay a someones home.

    Staying in someones home means you often have access to a lot more space than if you stayed in a hotel, motel, cabin or caravan. One AirBNB home we stayed at in regional Australia was a smallish country town called Corowa. We were in Corowa for a good friends wedding and sharing the house with a another friend, as we left we all commented on just how relaxing the home felt and how wonderful it was to be able to stay at such a home that someone really does love.The property had an incredible garden all the way around full of roses in full bloom!

    Save money with AirBNB

    Staying at an AirBNB with a large group for a short period of time can be really cost effective.

    When we travelled to HongKong last year with my Mum we stayed in an AirBNB apartment too, it was much cheaper than booking a hotel.
    Unfortunately because the HongKong government doesn’t see AirBNB as a legal form of additional income to hosts I can’t show you photos but if you’ve been to HongKong before you’ll recognise these hills and the genius of taking this hiking carrier for Winston to explore the city.

    When you look for an Airbnb rental just remember…

    There are some things you will want to keep in the back of your mind to make sure you have a great stay:

    • Always read the Airbnb reviews. Airbnb reviews can tell you a lot about the place and the host. There are Airbnb reviews that you can read right on the rental’s description page. Or, there are also Airbnb reviews for the host as well. You will want to read the reviews in order to see if the rental is the correct one for you, how the host is, and more.
    • Read and understand the Airbnb description. Some places will have rules, such as if you can have pets, if you can have others over, and so on.
    • Remember that Airbnb is not a hotel. This is something that I’ve noticed people forget. An Airbnb rental will not be the same as staying in a hotel. Someone won’t be there to clean the rental every day (unless you request that and pay an additional cleaning fee), there won’t be a concierge, and there might not be room service.

    How to make extra money with AirBNB.

    If you’ve been reading this post and thinking, hold on Edwena we don’t pay for accommodation we stay with family/friends.

    If that is you, well you might be interested in MAKING some extra money with AirBNB as a host if you own your own home. Think where you live is too remote for someone to want to stay?
    We stayed in a AirBNB short-term rental for three nights in a tiny town north of Denver – I don’t even remember how we ended up in the town but we were lucky there was an AirBNB option because we later discovered the town didn’t have any hotels or motels!

    If you rent you’ll want to check your rental agreement before signing up as a host because many tenant agreements across America, Cananda, the UK, Australia, and NZ don’t allow tenants to sublet the property through short-term rentals (ie AirBNB).

    I’ve meet people that have paid off their mortgage faster from AirBNB income and a couple that renovated their home using cash saved from the income generated through renting out a spare bedroom.

    THANKS FOR READING

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