Informal living arrangements refer to housing situations that do not follow traditional rental or ownership agreements. These can include living with family, friends, or roommates without formal leases. Such arrangements often provide flexibility and can help reduce living costs. These setups may also involve alternative housing options like co-housing or tiny homes. Informal living can foster a sense of community and support, but it may lack the legal protections found in formal agreements. Understanding the dynamics of these arrangements is essential for those considering them.