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I looked into 'house hacking' to live for free, but there are a few reasons I've decided it's not for me

I looked into 'house hacking' to live for free, but there are a few reasons I've decided it's not for me
Inti St Clair/Getty Images



When my husband and I looked at buying a home in a suburb of Jacksonville, Florida, we considered setting ourselves up to "house hack," which would cover the costs of our property.




House hacking is where you utilize your primary residence to help you earn income, so you can live for free or drastically reduce expenses.




But we found that we couldn't find suitable properties for this strategy where we wanted to live. Plus, having a toddler makes it hard to rent space to roommates or do short-term rentals.




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As someone who's obsessed with optimizing their financial life, I like to take advantage of any opportunity I can to reduce as many expenses as possible. This means spending less on the three biggest categories in my budget: transportation, food and housing costs.
After drastically reducing my food costs by shopping from my pantry once a month and keeping transportation costs down by staying a one-car family, it was time to tackle housing.
When it came time to buy a house, I had read in many FIRE (Financial Independence, Retire Early) blogs about the term "house hacking." It seemed like a great way to reduce costs since many bloggers have successfully slashed their housing costs in half, or altogether.
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