Should You Move to Save Money?
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Geoarbitrage
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Geoarbitrage is moving from a high cost of living area to a low cost of living area to save money on living expenses
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Advantages to Geoarbitrage
1. Lower cost of living
The biggest advantage to geoarbitrage is that you can save tons of money - especially on housing
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The reduced cost of housing isn't the only cost saving advantage. Taxes are also lower when you move away from cities - and some states don't have sales tax!
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Advantages to Geoarbitrage
1. Avoid the Crowds
Smaller, cheaper, places generally have less people overall and are less crowded
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Which also means that there will be less traffic for you to deal with!
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Disadvantages to Geoarbitrage
1. Jobs
The biggest disadvantage to geoarbitrage is that there might not be many jobs available in the smaller town
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But - if you can work remotely, this might not be a limitation!
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Disadvantages to Geoarbitrage
2. Family Support
If you rely on family to help with childcare, or just want to be near them, moving might not be helpful
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Childcare is expensive, and if you can get it for free where you are, moving might not save you that much
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Learn More about how you can move and save a ton of money! Swipe Up!
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Easier Ways to Save Money:
Save Money on Living Expenses
Save on Groceries
Money Saving Tips