How a Storage Unit Can Save you Money

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Here's a guest post by Taylor Laurents, a freelance writer who wanted to share how he thinks a storage unit can save people money.  When he is not out saving money, he spends his time explaining to people that he is Taylor Laurents and not Taylor Lautner.  I have yet to ask him whether he has watched Storage Wars yet.

Everyone is looking for convenient ways to save money these days. Carpooling, keeping lights off, and turning down the air conditioning are just a few of the tricks people are using to keep extra money in their pockets at the end of each month.  However, when thinking of ways to save money, very few consider renting a Toronto self storage unit. Wait, paying money to rent a storage unit can actually save you money?  That's right. It may sound counter-intuitive, but there are actually a number of circumstances in which renting a storage unit can save you money.

A few of those circumstances include:

Downsizing

Storage Unit Pictures, Images and Photos

Many families have chosen to move in to smaller homes and apartments to combat the rising costs of living. However, many of those families still have important or prized family possessions that they may no longer have space for in their new home. Instead of compromising on a larger home or deciding to sell treasured items, rent a storage unit instead. A storage unit can safely store important possessions, and many units are even climate controlled to prevent mold and mildew from growing on furniture. The monthly cost of a storage unit is also inexpensive which allows you to still benefit from the money saved on your mortgage and utility bills.

 

 

Business Storage

Does your business have a great location, but lack adequate storage space for additional inventory? Instead of upping your overhead costs to move to a larger, yet still prime location, consider renting a storage unit to house your additional inventory instead. The price of renting a storage unit is minimal compared to the extra square footage of a rental property providing you with a great way to optimize your cash flow while still getting the extra space you need.

Moving

If you are moving for an internship, a temporary position, or simply change the scenery around you but know you will be coming back, there is no reason to move all your belongings. Moving all of your belongings, especially across a couple of provinces, can be expensive, however, so is continuing to pay rent at a place you aren't inhabiting. Instead of covering moving costs or an additional rent, put everything in a storage unit and just move yourself and the belongings that you simply can't live without. Renting a storage unit can be as cheap as $35 a month, and can greatly reduce your overall moving costs, not to mention save you the huge hassle of moving boxes upon boxes of items.

Youngandthrifty's Take: I can see how a storage unit can save you money, especially if you don't have storage in your apartment or your 60 year old house has no storage closets, has an attic, but you're afraid to go up there because you might see a dead rat, rat pellets, or other heebie-jeebies.  I am not speaking from experience, of course 😉  Well maybe a little.  For our home, I made sure we had a small storage closet and shrunk the square footage of the basement suite to accommodate for this.  I am sure glad I did, because otherwise, I don't know where we would put our camping gear or snowboards.  Storage is so important- without it, our surroundings become super cluttered and unappealing.  I don't do well with clutter myself.

However, one must not forget about the storage unit, otherwise, people like those on Storage Wars on A&E may take advantage of the storage unit you have neglected.  On that show, people bid on neglected storage units and sell the items in the said storage units.  On the most recent episode (yes, I admit I watched the first episode of the newest season!), Dave Hester found a bunch of new, unopened vending machines.  For $1350, he turned a profit of $29,000.  Watching it made me want to scour my past for some good finds.. but alas, I found nothing useful.  It would sure be a fun career though, in my opinion.

Readers, do you own a storage unit?  Do you find them helpful?  Of those who watch Storage Wars, do you find Dave Hester annoying like I do?

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Young is a writer and former owner of Young and Thrifty and the main "twitter' behind Young and Thrifty's twitter account. She lives in Vancouver, BC and enjoys long walks on the beach, spending time with her anxious dog, and finding good deals. If you like what you read, consider signing up for email updates.

14 Comments

  1. Obsessive Compulsive Daniela on July 25, 2011 at 11:57 am

    Love my storage unit. My BF stores his 400+ tapes of WWE pay per views in there. Yes, he actually re-watches these shows (for work). If we had to store those tapes in the condo, I might cry amidst the clutter. And yes, I’ve tried to convince him to put them on a hard drive, fingers crossed one day this actually happens.



  2. Lindy Mint on July 25, 2011 at 12:31 pm

    It is my goal in life to never have a storage unit. That being said, I do have an attic for storing my extras, and I would probably go crazy if I didn’t so I can see a useful purpose for them.

    Storage Wars is the best!



  3. Ginger on July 25, 2011 at 12:11 pm

    I’d say, if you are not going to use it, get rid of it. Stop having so much stuff and it will be so much cheaper. I disagree with the idea that a storage unit is going to save you money at all once you count the cost of the unit plus gas to get there.



  4. Financial Uproar on July 25, 2011 at 1:27 pm

    Is Dave Hester annoying?

    Yuuuuuuppppp.

    Brandi is a fox though. I like her.



  5. Melissa on July 26, 2011 at 5:22 am

    I love my storage unit! And by storage unit, I do mean the basement of my parents’ house. Haha. As much as I’d like to agree with the poster above who said, “If you don’t use it, get rid of it,” that’s just not always practical for tiny apartment living. For instance, I keep a couple tupperware bins of Christmas decorations there. I don’t use them but for two weeks of the year, but there’s no room for them the other 50 weeks of the year. I also keep a beautiful china hutch there, which belonged to my grandma. I don’t have space for it now, but damned if I’m going to get rid of it. I’ll have space for it ONE DAY.



  6. T.M @ My University Money on July 26, 2011 at 4:16 pm

    I love the storage wars type of shows. Guilty pleasure. Pawn Stars is another weird one I’ll watch while I’m doing something productive (this helps me believe I’m being efficient).



  7. young on July 28, 2011 at 11:45 pm

    @T.M.- I watch Pawn Stars too, but it pisses me off! I don’t like how they always try to low ball/ barter/negotiate with those selling their stuff. I do like seeing how much things are worth (or not worth!) though on that show.



  8. young on July 28, 2011 at 11:46 pm

    @Financial Uproar- Brandi’s hot! I like how she can hold her own. Are you going to include her as a “babe loosely related to personal finance” in your next link up? 🙂



  9. young on July 28, 2011 at 11:54 pm

    @Melissa- Haha, that is my extra storage unit as well. Free storage area rent too! I know what you mean- It would be so wasteful for the pocketbook AND the environment to buy new christmas decorations yearly.



  10. young on July 28, 2011 at 11:55 pm

    @Lindy Mint- I think everyone needs storage space. 🙂 Even if that means using the attic or the garage! 🙂



  11. young on July 28, 2011 at 11:56 pm

    @Ginger- Some people just need extra space… now if you don’t touch the stuff you have in your storage unit for a year, I would say get rid of it, however, if you use it regularly, I don’t see why not.



  12. young on July 28, 2011 at 11:57 pm

    @Obsessive Compulsive Daniela- LOL 400+ WWE tapes?! Does he make you watch it with him? I used to love watching the WWE when I was a kid, but now I cringe and become restless and have to leave the room if it’s on. Good luck with the convincing!



  13. Rockford, IL storage space on February 23, 2012 at 8:32 am

    Just this week I trimmed down my living space by at least 1,000 square feet. I went from a suburban home with tons of storage to a downtown city loft with practically none. It was one of the best decisions I ever made and my life has become not only so much simpler, but also way more inexpensive!



  14. Pamala on June 11, 2019 at 6:50 pm

    I know this website offers quality dependent posts and extra stuff, is there any other website which presents these information in quality?



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