I've got all the money I'll ever need, if I die by four o'clock.
- Henny Youngman
Are you one of those people who has so much money you just don't know what to do with it? You know, extra cash just laying around collecting dust. No? Me neither.
I will be speaking at the Philadelphia Home Show this coming weekend. Last year, Mark Brunetz of the reality show Clean House, spoke before me. I really enjoyed listening to him speak about his experiences working on the show and with people who really needed help getting their homes back in order. He also had a lot of great information to share.
One thing Mark shared was the statistic that one in every ten Americans rents a storage unit. One in twenty rent multiple.
First, I just want to say that there are many good reasons to rent a storage unit, some of them being:
to name a few.
However, "I have more stuff than what can fit into my home" is not one of them. If you have more than what you can fit into your home you either have too much stuff or need to buy a bigger home.
If buying something bigger is not an option, think about this: A 5 X 10 foot storage unit averages about $175.00 per month. Would you rather pay $175 dollars to store things you don't use, or put $175 extra into your budget each month? That's an extra $2,100.00 per year.
Consider what it's worth before you pay one more month's rent.