Timothy I'd put the rent money and only that money in a new savings account. Deposit it every month just as if you were paying rent. I'm not a lawyer and don't know the law where you live, but if some jackass lawyer or court down the line says you owe for rent, then you can show good faith and you have the $ to pay. If you don't ever have to pay it, then you have a nice bonus for retirement or towards a down payment if you choose. i don't know what your economic circumstances are, but since you would normally be paying the rent money out anyway hopefully you won't have to raid the "rent" money account. If needed for other necessary expenses so be it, but in this economic times it may be prudent to resist the temptation to splurge and buy guns or those things that wives need want. Maybe you could save it for your escape plans when that becomes possible. Even though you have ties to Michigan I wouldn't come here unless you don't have to work. Like Frank said earlier the unemployment rate is high, over 15% officially. Unofficially it's over 25% as some of the unemployed are not counted in the official record keeping. The unemployment rate for this years college graduates is 80% and I don't think they are counted.