by Julian Lane | Image via Pexels
If you find yourself torn between two geographic areas as a business owner, you have options. You don’t have to settle for living out of a hotel or suffering a lengthy daily commute. Establishing homes in both states is not a pipedream these days, and doing so can keep your family, your business, and yourself thriving. Below, Right Key Mortgage shows you how to do it the smart way!
Save Money Where Possible
Saving money is always an excellent idea, but when you’re juggling life between two states, it becomes crucial. Fortunately, there’s no shortage of strategies for keeping your decisions in line with your budget.
For example, you can choose where to purchase most of your insurance policies. If you live in Massachusetts half the year and in Nebraska half the year, you can obtain auto, health, and pet insurance in the state with the cheaper policies. Of course, this will require you to research and speak with various providers to identify the best plan for your specific needs and budget. But it will prove to be well worth it.
Consider other ways to cut costs in your life. For example, opting for streaming services over cable can save you significant money each month. Netflix, Amazon Prime, Hulu, and other platforms provide loads of content for a fraction of the price.
Dining out will wreck your budget in no time. Explore recipes online and choose a few slow-cooker meals you can easily prepare at home. You can save even more money by purchasing your ingredients in bulk. While you’re at it, buy some non-perishables and foods you can freeze and store in both homes.
Invest in High-Quality Products
Along with saving money, you also want to ensure your family is safe in either place they’re staying. Research the market to determine the best home security system for your needs.
You have plenty of options whether you’re looking for a DIY or professionally installed security system. SimpliSafe, ADT, and Vivint are some of the leading brands to consider. Scour detailed product reviews before making your final decision.
Keeping the Household Thriving
Ideally, your family will be safe and thriving. Keeping your pantry, refrigerator, and freezer stocked with healthy food is an excellent start. But you must consider physical activity and entertainment as well.
Consider investing in minimal exercise equipment to keep in both homes and carving out a space where your family can work out to online tutorials. Store a few board games and other activities in your homes for when you want to take a break from electronics. And take time to declutter and clean both living environments thoroughly.
Get Help from a Registered Agent
Running a business and living in multiple states has its perks, but it can be challenging to keep things running smoothly when you’re out of town. Find a registered agent in the state your business operates in. Go over the day-to-day fundamentals with your agent so they can keep your company in good standing if any serious issues arise.
Research the Different Costs
Lastly, make sure you know the costs of living in both cities, as well as any others you would consider moving to. Here’s a breakdown of ordinary expenses in several different cities:
- The average 5 x 10 self-storage unit in San Diego costs $119.80 monthly. There are a lot of storage units in San Diego, so research to find the cheapest rates.
- The average apartment in Philadelphia, PA runs $1,877 per month.
- Residents in Albuquerque, NM spend an average of $316 a month on groceries.
- Auto insurance in Saint Louis, MO costs $2,540 per year on average.
- You’ll likely pay about $1,115 monthly for daycare in South Easton, MA.
Who says you need to choose between two states you love? Operating a business while owning multiple homes is entirely practical these days. Make sure your family has everything you need to flourish, find a registered agent to help prevent issues when you’re away and learn about the costs of storage, housing, and other necessities before making any moves.
Are you looking for top-rated mortgage services in Massachusetts? Visit RightKeyMortgage.com today!