Subletting a room: A simple strategy to reduce living costs

Too often, clients overlook practical, everyday strategies that can make a big financial difference. One of the simplest? Subletting a spare room.

Here’s why it works:

• Offset rent or mortgage repayments – A subletter’s contribution directly reduces your housing cost.
• Share utilities – Electricity, water, internet… split bills mean instant savings.
• Turn unused space into income – A spare room isn’t just empty space, it’s an asset.
• Accelerate financial goals – Savings can be redirected to debt reduction, building an emergency fund, or investing for long-term wealth.

Of course, it’s not as simple as just putting an ad online. The process requires:

• Checking lease agreements and local laws.
• Preparing the room properly.
• Setting rent and utilities clearly.
• Drafting a proper sublease agreement to protect both parties.

The takeaway

Subletting isn’t just about extra cash flow, it’s about using what you already have more effectively. For many clients, it’s the difference between just “getting by” and making serious progress toward wealth creation.