5 Tips for Multi-State Living on a Budget

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5 Tips for Multi-State Living on a Budget

Sep 22, 2022

If you're one of the many entrepreneurs who have decided to live in two states, you may wonder how to make ends meet. After all, maintaining two homes can be expensive. But there are ways to cut costs and stay organized. Below, NASE shares five tips for living in two states on a budget.

1. Review your insurance policies.

If you're looking for ways to save money when living in two states, review your insurance policies. Typically, the state with the cheaper insurance options will be less expensive overall. However, it's essential to make sure you're getting the best deal.

When it comes to auto insurance, shop around and compare rates. And if you're already insured, ask your provider about bundling your policies to save money.

For health insurance, you must understand the rules and regulations in each state. In some states, you may be required to have a certain level of coverage. Again, it's essential to compare rates and find the right plan for you.

Further, make sure you're not paying for duplicate coverage. If you have multiple vehicles, you may be able to get a discount by insuring them all with the same company.

2. Cut costs where you can.

There are many ways to reduce your living expenses these days. For example, if you have a gym membership in both states, see if you can cancel one of them. Or, if you have a subscription service that you use in one state but not the other, cancel it or put it on hold until you're back in that state.

Another option is to trade your cable subscription for two or three streaming services. This will give you lots of content for a fraction of the price while allowing you to access your favorite shows and movies on any device, from anywhere.

3. Stay organized.

It's hard enough to keep your life organized when you run a business and live in a single state. In a multi-state arrangement, you might need to give it a little more thought.

Consider using a digital calendar to keep track of appointments and deadlines in both states. This will help you avoid double-booking yourself or missing important events. Also, ensure both your homes have efficient storage solutions so you can stock up on essential supplies and reduce the number of things you carry in transit.

Another consideration is hiring a registered agent where your business is registered. This will ensure you have someone navigating legal concerns when you’re out of town.

4. Use product review sites.

Before making any big home purchases, consult websites that provide expert reviews for various products. This will help ensure that you're getting the best bang for your buck and avoid buyer's remorse later on down the road. For example, if you're looking for a top-notch humidifier to keep your plants healthy and vibrant, you can compare reviews to find the perfect match.

5. Learn the living costs in other places.

When living in two different states, you must be able to plan for everyday expenses. Otherwise, it will be challenging to create a budget and protect your finances in daily life. Below, we've listed a few typical living costs in different cities to help you prepare!

  • A 5 x 5 self-storage unit in San Diego, CA, averages $91.66 per month. Research climate-controlled storage units available to find the best deal.
  • Annapolis, MD, residents spend an average of $316 per month on groceries.
  • Dining at a casual restaurant in Oklahoma City, OK, costs an average of $9.99 per meal.
  • You can expect to pay about $14.86 per hour for babysitting services in Dallas, TX.
  • The median home price in Bozeman, MT, is $535,000.


Living in two states doesn't have to break the bank. By strategizing your insurance, consulting product review sites, and implementing the other tips above, you can save money and stay organized while pursuing your entrepreneurial dreams. You'll be getting the most out of both states in no time!

Would you like to read more helpful content or learn about our business resources? Visit NASE.org today!

Meet The Author:


Candace Sigmon

You could say Candace Sigmon was born to DIY. She has always loved to tinker, fix, and build, and she has been working on home projects with her dad pretty much ever since she could hold a hammer. 


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The opinions expressed in our published works are those of the author(s) and do not necessarily reflect the opinions of the National Association for the Self-Employed or its members.

Courtesy of NASE.org