Living On A Tiny House-Extreme Costs Saving

Living On A Tiny House-Extreme Costs Saving

In the US, the average cost of building a house is $246,453 (not including land costs). For that amount we could have built over 7 hOMes (which cost us $33,089.72). On top of that, the average utility cost for a conventionally sized house is $163 whereas in a tiny house it’s anywhere from $10-$40 per month. Along the lines of spending money, when living tiny, you just don’t have the physical space to amass unnecessary material goods. The potential to slash your spending costs is significant. The opportunity to get out of debt is much higher for those living in a tiny house than in an average house. According to Ryan Mitchell of TheTinyLife.com, 68 % of tiny house owners have no mortgage and 65 % have zero credit card debt.

Instead, imagine living in a house potentially built for less than a year’s worth of housing payments. For many people creating a tiny life, this is a reality. The benefits of living within one’s means are significant and what’s possible when one has no need to pay off debt (housing and consumer) is tremendous (early retirement, less time needing to work, more time for self care and with friends/family, etc.).

Cruising along on our current general trajectory as a society is not only unsustainable but comes at a significant financial, emotional, and environmental cost. The opportunity before us is to reassess our actual needs vs our perceived needs and to come back into living in a scale that supports mind, body, and planet. The tiny house movement is acting as a correction mechanism to the current increase in housing size that is wreaking havoc on so many levels. Whether or not the greater public adopts the tiny house living concept is yet to be determined, but one thing is certain; the movement, is at a minimum, bringing a much needed perspective into the dialogue of housing. Already shifts are happening on a large scale as more and more people begin to see that the American Dream has turned into a nightmare. The opportunity for transformation in how we live is tremendous and exciting and the numbers of people making the choice to break out of the rat race increases daily.