Even though I have agreed
Even though I have agreed to take a temporary assignment for my employer which will significantly increase my living expenses during the period, I have a couple ideas on how I can minimize the damage:
1.) My employer will cover the costs of moving myself and my stuff up for my assignment. It makes sense to me to try and convince them that they can save money by assisting with furniture rental instead of moving all my stuff. It will save me the hassle of moving and could help reduce my monthly expenses if structured correctly.
2.) I think the best opportunities to reduce my housing costs would be to find someone with a house that is looking for a roommate. Apartment complexes typically have fixed rent prices, leases, and other requirements. People who rent portions of their houses could be more flexible on the price, lease, or terms.
3.) I am going to try and rent a room or at least some portion of my house out while I am gone. While I probably won't cover the mortgage payments, it will help offset some of the monthly expenses for my house.
4.) Temporary Assignment Tax Deductions. I have been reading up on this tax topic for months and I am doing my best to ensure I will have my duplicate living expenses (from the temporary assignment) qualify as a tax deduction. I hope to dive more into this area later.
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