6 Gen Z Hacks for Saving Money When the Rent Is Too High [CNET News]
Nextdoor Holdings, Inc. (KIND)
Company Research
Source: CNET News
When I heard the expression “the rent eats first,” I could relate. Rent is an unavoidable expense in our budgets: We can't magically reduce our monthly rent payments because we want to put more aside for our savings . And it's hard to find a less expensive rental when there's steep competition and rent prices keep soaring. The most we can do is try to negotiate with our landlords I love writing about how to save money . Yet, like other Gen Zers, I'm “rent poor” with student loan debt , so I struggle to put aside extra cash after covering my bills and expenses. Some 32% of Gen Zers spend more than half of their monthly income on housing alone, according to Credit Karma . Though many personal finance experts still promote a version of the one-third rule -- which says that only a third of your income should go toward housing costs -- that guidance feels outdated , especially in most US cities. The median rent for a two-bedroom apartment in my ZIP code, Austin, Texas, is over $1,70
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