Categories
Make Money From Home

Millennial Money: Furnish your new place on a budget – News 12 Bronx

Sep 20, 2022, 1:41pmUpdated 16h ago

By: NerdWallet

Moving season is almost over. But if you’re one of the many people settling into a new home right now, you might feel like the furniture-buying season is just getting …….

Sep 20, 2022, 1:41pmUpdated 16h ago

By: NerdWallet

Moving season is almost over. But if you’re one of the many people settling into a new home right now, you might feel like the furniture-buying season is just getting started. And that can get expensive.

After paying rent, a security deposit or mortgage down payment — plus all the costs associated with moving — furniture can come as an afterthought, leaving a less-than-ideal budget for the items that make your new place feel like home.

Even with lower-cost items from budget-friendly retailers like Amazon and Target, furnishing an entire space gets costly. And if you want higher-end items, a premium couch or bedroom set alone can run you several thousand dollars.

To save on furniture, try turning to your community and peer-to-peer resale platforms to find quality secondhand pieces, and also spacing out your purchases strategically.

FIRST, SEE WHAT YOU CAN GET FOR FREE

Before you venture into the Ikea maze or go down a rabbit hole of online shopping, see what your local community has to offer. Ask people you know if there’s anything they’re getting rid of.

“Your friends and family may be moving, too,” says Henna Noor, a full-time student at the University of California, Irvine. Noor recently moved into her first apartment with a furniture budget of under $700 and scored a free couch from her girlfriend’s parents. “It might benefit them to get rid of an item without having to pay to move it or try to sell it before they go.”

Don’t be afraid to talk to your neighbors or make a request on social media; the people in your life are likely happy to help you navigate this exciting life change. Many neighborhoods also have “Buy Nothing” Facebook groups you can join to give and receive household items. However, you’ll likely need to find a way to transport the items, possibly by renting or borrowing a truck, or getting a friend to help you.

TRY PEER-TO-PEER PLATFORMS

Peer-to-peer resale platforms like OfferUp, Letgo and Facebook Marketplace feature thousands of secondhand items. You might be able to find some hidden gems sitting within a 5-mile radius of your new place.

“There are limited options at a store like Ikea,” says Miranda Escobar, a marketing manager at a tech startup in New York City , who moved from Manhattan to Brooklyn in April. “A peer marketplace opens you up to different, unexpected furniture styles.”

Escobar’s go-to is Facebook Marketplace, where she searches a single keyword like “dresser” and then refines …….

Source: https://bronx.news12.com/millennial-money-furnish-your-new-place-on-a-budget

Leave a Reply

Your email address will not be published. Required fields are marked *