Life in the modern day world is a tough challenge especially for the middle class and lower class persons. The daily needs of everyday life seem to always bog down the life of the common man such that life becomes a vicious cycle where man lives to make money to meet his expenses which never seem to abate but rather seem to increase.
Many people are taking drastic measures to help them improve their lives. In Singapore, one of the most expensive places in the world to live in, people are taking up strenuous money making ventures in a bid to make more money. Some people are opting to work more than one shift in their daily jobs while others are working more than one job. Some of the people are going a step further and they are using their own houses as money making avenues.
Just like many other things in the City State, housing in Singapore can be very expensive unless you are a native Singaporean who has managed to buy your own HDB house. If you are a foreigner and need to rent a short term rental it could be quite expensive. Singapore has many annual visitors, tourists, students, and expatriates who come into the city and need temporal accommodation.
Many of the locals cash in on this demand by providing some of the rooms in their houses. Some of the rooms that are rented out in the short term include common rooms and master rooms. These are basically bedrooms. The master room has the advantage of having an adjacent bathroom whereas the common room is a smaller room and usually does not have an adjacent bathroom.
People living in Singapore who have an extra room in their house might opt to rent out the room and earn money from it. The money would be quite helpful in managing some of the expenses such as settling the rent for the house.
Housing expenses are usually a major burden for Singaporeans. Saving money through paying less rent can lead to one saving a lot of money. The saved money can then be used for meeting other expenses.
Renting a master room or common room in Singapore is an intelligent strategy for someone to save some money. Renting a whole apartment can be quite expensive. Renting an entire house also requires a lot of paperwork and other legalities. Renting a common room or master room on the other hand is much cheaper and straightforward.
Another way of reducing housing expenses is by sharing a room or sharing a house. Living with someone else and sharing the facilities is a great way of reducing the costs of housing since you will share the rent and each may end up paying just half of what an individual would have to pay if they were living alone.
Despite the need to save money, saving money in housing often involves compromising and sacrificing some luxuries. For example, when trying to save costs by sharing a room, one will have to give up some privacy privileges.