Having a reliable roommate can help reduce your fees by having someone to share them with. It is a practical idea for anyone on a fixed income. It will also help you save money and boost your budget.

You can save thousands of dollars every year by sharing your humble abode with someone. Here are just a few ideas on how you can save:

1. Split all expenses down the middle; share the costs.
2. Buy in bulk, such as food products.
3. If you're single parents, take turns babysitting.
4. Budget your expenses together; increase your cash flow.
5. Discuss anything that will effect finances (e.g. car payment).

Choose Your Roommate Wisely
Here are a few tips in choosing the right person to share your humble abode with:

1. Get 3 character references (avoid rent skippers).
2. Choose the same sex (prevent potential conflicts).
3. Choose someone of like interests (opposites can detract).
4. Choose someone that is fairly independent (no Clingons - pardon the bad Star Trek pun).
5. Spend a few hours with the person in a neutral location (like a coffee shop) and get to know one another, such as interests, likes and dislikes (obssessive picking).
6. Use this handy dandy Roommate Questionnaire (protect your sanity).