How to save Money when living in Manhattan
New York City is the most expensive city in the United States. There are more millionaires living in Manhattan than any other place in America. But, what if you aren't a millionaire, what if you are just a regular Joe living in the most expensive city in the nation? How do you save money when living in New York City?
I've lived in Manhattan for over 10 years. And, I have to say I absolutely love it. But, it is very difficult living here because I am not a millionaire and I don't have very much money. So, how do I do it? How do you live in New York City on the cheap? Here are some tips.
Get Rid of Your Car
The very first thing you have to do if you are moving to Manhattan is to get rid of your car. Yes Manhattan is expensive but it's a lot more doable if you don't have a car. And guess what? You don't need a car in the city. If there is one thing that New York City is good at it's public transportation. So if you haven't gotten rid of your car already do it now.
Get a Bike or Walk
If you really want to cut costs don't take public transportation either. Buy a bike or a scooter or just walk. Believe or not you can walk all over Manhattan and depending on how much time you have it's a great way to save money. Why join a gym when you can get your exercise and save money at the same time? Walking or riding a bike in Manhattan is a wonderful thing, there is so much to see that it will take you years and years before you see everything and just think of all the adventures you can have along the way!
Pretty Funny Stuff
Don't buy or bring a lot of Furniture and Stuff
Do not bring a lot of expensive furniture with you. And, if you don't have expensive furniture whatever you do don't buy it there either. Unless you have a lot of money (and if you did you wouldn't be reading this article would you?) get cheap furniture from sources like Craigslist. The reason you don't want to spend a lot of money on furniture is #1, you don't have a lot..remember!, #2 it costs a fortune to move it, if you have to move it (and you will be moving it, trust me) and #3 it costs even more to get it out of New York City when you leave. A lot of people end up leaving their furniture there because they can't afford to move it when they need to leave. There are no garage sales in Manhattan! This will happen to you if you buy expensive stuff there or bring it with you but also, you can benefit from all those people who didn't read this article and pick up some great pieces for very little money.
Do Not Pay a Fee for an Apartment
It's difficult to find apartments that are a good value in New York City. Really one of the best things you can do is to sublet an apartment until you get your bearings. Craigslist is your friend! If you have to find a good apartment as soon as you get there you are going to pay a fortune. The real estate market in New York City is brutal. You have to pay a fee for most apartments and that can be thousands of dollars on top of the first, last and deposit. It's very expensive. If you sublet a place you circumvent all that. Then after you are there for awhile you will hear by word of mouth if a good apartment comes up and you can jump on it.
Take Advantage of All the Freebies Around the City
Once you actually move to Manhattan there are a lot of freebies in the city. There are freebies like movies at Bryant Park or free ice skating in Central Park. There is the organically free entertainment that the city offers just by being in New York City. Just sitting on a bus can be entertaining in Manhattan. Or you might come across a movie or TV show that is being filmed or a parade or a spontaneous event. Join meetup.com, there are so many activities on there you will have a hard time picking which ones you want to attend.
There are also things you can take advantage of if you are particularly adventurous. Many times on Craigslist there are businessmen who are on the company tab who don't want to dine alone or go to a show alone and they will advertise a free dinner or show just to have company. I did this many times when I lived in the city. It was great for me and for them and I never had any problems or misunderstandings from it. I am still friends with some of these people and I don't mean friends with benefits!
I hope some of these tips help you to save money during your stay in Manhattan. I wish someone would have told me about these things before I moved there but even so I had a great time and wouldn't have traded it for the world.
Additional Articles by Brie Hoffman
- 20 Things I've learned about New York City since moving here...
New York City is unlike any other city I've ever lived. Here are a few idiosyncrasies that you might find amusing about the city.
- How I make $600 to $1,500 in Cash Every Month Easily
When the going gets tough the tough get going. Making money has never been so hard. I found a way to make some cold, hard cash when I needed it most and I am going to share it with you.
- What is the Cheapest Way to Move Out of New York City?
Everyone seems to want to move INTO New York City but what if you have to move OUT? It's not easy and it's not cheap. Here are a few tips that will help.
- Living on Park Avenue
I lived on Park Avenue for almost 4 years. Here is what it's like to live on New York City's most famous and prestigious street.
- The Wild Wild East: New York City!
The Wild Wild East is my description of New York City's Manhattan. It was my home for almost 10 years and I will always carry it in my heart.
More by this Author
Refrigerators are the biggest energy suckers outside of air-conditioning units. So if you want to go off the grid the biggest challenge will be to get rid of the fridge!
There are many reasons to go off the grid. I have no other reason than to escape the tyranny of taxation, fees, licenses, permits and any other type of thievery the government can come up with.
Money is tight all over but making money off the grid is a unique challenge. If you are off the grid you still need to pay taxes. Here are 19 business ideas in which you can make money off-grid.