One thing I wanted to mention – and am encouraging those who live in and around London to do – is to get the house sorted and be ready to rent rooms out for the 2012 Olympics. Kids can double up for a couple weeks – or if you are really frugal, get everyone to camp in one room and rent out the others.
I figure you can rent a double room for £150 a night. You could provide a breakfast: fresh fruit, muffins, juice, tea, coffee, or homemade granola. It wouldn’t break the bank! Think about it: if you have three rooms that you can rent, that amounts to £6,300 for two weeks. That is what some make in a year! It would take some arranging, such as a posted shower timetable. I would also charge extra to do laundry – say £5 a load… Maybe it would cost you £500 for water, electricity etc. – but heck, that is still £5,800 profit! Slap that down on your mortgage and watch the principle tumble.
Bah! I live 250 miles out of London. But it’s certainly an idea for the super-organised amongst us…
Update: This post was selected for the 185th Carnival of Debt Reduction.
Image credit: Meagan.