Fun in Budgeting Storage

budgeting storageThese days, it pays to live a frugal lifestyle. Now, more and more families are riding out the economic climate by living in their budget and staying in their current homes, even if that means crowding into homes they’ve outgrown. If you’ve come to the point where you’re starting to fight with your family for elbow room, you may want to consider looking at home storage solutions away from home.

Finding nearby self-storage facilities may be the answer you are searching for, especially when having a yard sale just isn’t an option. Besides, do you really want to part ways with that expensive piece of furniture just because it’s somewhat in the way? Instead, you could place it in an affordable storage until the kids grow up and leave home.

Although renting a cheap storage unit is an additional monthly expense, many people find that it actually saves them time and money in their everyday lives. Listed below are some of the top reasons why you should rent a self-storage unit.

  • Keep your most valuable possessions safe. Cheap self-storage doesn’t just provide extra space; it also offers top notch security for your most prized possessions. Family heirlooms and other valuables are kept under lock and key at well-lit facilities with extensive security systems.
  • Make room for the items you use. Are your closets and cupboards overflowing with items you only use occasionally? Moving seasonal items into cheap storage units gives you easier access to the everyday items you actually get use out of.
  • Downsize to a smaller home. Living in a smaller home will almost always save you money, and many people say that it also saves them time in maintenance and general upkeep. Self-storage companies let people live in smaller spaces while still being able to store their larger possessions.

Using storage is a great way to instantly provide yourself with more space when you need it. And storage prices are low enough that you can hang onto expensive furnishings and family heirlooms indefinitely, and not have to face the difficult decision about selling them to make room.

Storage costs do however vary by location, size, and amenities provided by that facility. To decide what storage prices you are comfortable with, it is important to make a list of what you want from the extra storage space. All the factors help define what you need and what you are willing and able to pay. Below are some tips to how you can make this an easier, less expensive decision.

  • Rent a smaller unit. This sounds obvious, but the less space you rent the less you’ll spend. Before renting a unit, take a look at what items can be sold or given away if you don’t really need them. You might also save space by packing smaller items into stackable containers and disassembling larger items. Rates for mini storage units are often very affordable because the facility can offer more units for the amount of space they have versus a facility that only has larger units.
  • Scout a new area. Storage costs in downtown business centers or near urban college campuses may be more expensive than what you’ll find a few miles outside of city limits due to high demand. A longer drive could save you a few bucks every month.
  • Compare storage prices online. The Internet makes comparing self-storage prices fast and easy. Use a service like Sparefoot to select the specific sizes and features you need.
  • Consider the location of your unit. Ground floor storage units typically have premium storage rates while those located on the top floor may be cheaper because you have to haul your belongings up the elevator or stairs. If you can handle that then you should definitely consider renting one of those.
  • Ask about discounts. Another way to get more for your money is to think about how long you are willing to invest in the extra storage space. For instance, signing a lease for at least a year can help negotiate a lower price. Long term storage will usually cost less per month than a short term storage unit of the same size. Many storage facilities also offer discounts to new customers and you may be entitled to discounts if you’re a student or member of the military.

Storage rates are also based on amenities. If you want air conditioning, climate or humidity control, or a higher level of security, such as a PIN keypad for your unit versus a combo lock, storage rates may be more expensive than others that do not offer these amenities. Clearly, these are all things you will need to consider in terms of balancing your wish list with your budget.

If you’re looking to simplify your daily life, cheap storage units can provide an inexpensive solution for the overflow that you don’t use every day but aren’t quite ready to get rid of.

If you need more space in your home, and need help with moving boxes, Storage Courier will arrange for storage pickup in the New York City area.

(This article was written by Matt Schexnayder who is on the SpareFoot marketing team. SpareFoot is the largest online marketplace for self-storage. With more than 5,000 self-storage facilities listed nationwide, SpareFoot offers consumers the most complete comparison shopping experience in the storage industry.)

photo by zapthedingbat

Written by Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER
. Happy investing 🙂

Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER and FACEBOOK . Happy investing 🙂

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