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my situation. I live in florida and am renting an apartment for very cheap. I was planning on moving back home because I want to live in Georgia again. Get my finances straight and then get my own place. My dilema is should i keep the apartment in florida just in case things didn't work out at home and i would have an option. Or let the apartment go. My lease ends October 31. My friend says renew it but still move, so ill have a fall back option. Home is four hours away from where i am now. What would be the logical thing to do.
If you want to get your finances back into shape, why would you keep an apartment, albeit cheap, when you could use that money to pay down your debt or whatever your financial woes are? Have you looked at your options?
Don't move, keep the apartment and create a plan to put your financial health back on track?
If you believe things may not work out at home, just the back and forth move will create a drain on your finances.
Take a look at what you are trying to gain by moving.
If I was moving I would not be keeping the apartment. There are plenty of apartments here "for cheap", whatever that means to you. Your goal is to get your finances straight so the rent & utilities on an apartment would be counter productive. If things don't work out at home you can always move, maybe somewhere a little closer to where you really want to be.
I can understand that keeping a cheap apartment while moving back home will reduce your expenses to some extent (not having to pay cable, internet, lower utilities, etc)...but as has already been mentioned, the moving expenses are going to drain you. In the long run, are you going to be any further ahead financially? If you found a cheap apt one time, the odds are pretty good that you can find another. If it were me, I'd move back home, not renew the lease on the apt and save up for something else in the future. Who knows, you may wind up with an even better apt when you decide to move again! Good luck.
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