In today’s episode, I share details about my family house hacking plan. Long story short, my wife’s mother talked about moving from Reno, NV to Denver, CO once we started a family. Like many grandmothers, she wants to spend as much time as possible with her grandchild. She’s even offered to watch the little one while we’re at work.
As I type this, I can visualize many of the readers cringing at the next sentence: Living near us, morphed into my mother-in-law moving in with us. Living with family can be extremely difficult. But the pros from a financial and family point-of-view, outweighed the cons.
We all moved in together just a few weeks ago. I don’t have any firm numbers to share yet, but my back of the napkin math estimates saving $2,000 to $4,000 a month. Afterall, a dollar saved, is worth $1.33 or more earned.
I recorded the podcast to share my strategy and to hopefully learn from others. If you have questions, ideas or advice, please reach out!