- The Washington Times - Monday, July 21, 2008

  • Get a roommate or a really tiny apartment. Move to a cheaper neighborhood or suburb to find less-expensive housing.
  • Consider living in an apartment that is part of a tax-credit program or undergoing renovation to lock in on good rates.
  • Live near public transportation for ease of maneuvering the city to cut down on gas costs.
  • Curb spending. If using a credit card, make sure to pay off more than the minimum every month.
  • Eat out rarely. Pack lunches and cook dinner at home.
  • Budget and check the bank account often.
  • Distinguish between wants and needs and track spending in a diary.
  • Treat even small monthly contributions to savings accounts - including 401(k) plans and Roth IRAs - as an automatic part of every paycheck.
  • Build relationships far and wide to get connected in the city and expand future career opportunities.
  • Source: Kristen Fischer, Kim Andreadis, John Challenger, Forbes.com

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