There has been a very cool cultural trend gaining traction that offers an alternative to traditional housing, the tiny house. Shows like Tiny House Nation and  Tiny House Builders are introducing a broader audience to the concept of living in a significantly smaller home. How much smaller you ask? The average home size in the united states is 2679 square feet, an increase of 1000 square feet since 1973. Contrast this with 100-400 square feet for an average tiny house and you can imagine the difference it would represent for many people. If you want to get a visual representation of what a tiny house is really like, here is a tour of a pretty spacious tiny home:

 

 

A 200 square foot home that can house up to 2 people comfortably, it is amazing how much a little creative thinking can accomplish. We also wanted to highlight alternatives to traditional housing because there is always a different alternative. So we pose the question to you our readers, could you live in a tiny house? 

It Isn’t Just a Home It’s a Lifestyle

A tiny house represents more than just a place to live, it represents the adoption of the ultimate ideals of simplicity, organization, innovation and efficiency. When you only have 200 square feet to work with every inch matters. You don’t have the space to waste on fruitless possessions or excess. Most importantly people who live in them often epitomize many ideals that can help someone handle their money well.

First they embrace simplicity. Tiny house living requires simplicity, you don’t have the room for the normal trappings of home life. Gone are the big screen TVs, clothes that don’t get worn, and the clutter that becomes yard sale fodder for many of us each summer. Saying no to a purchase must be really easy for tiny house inhabitants, the only question they have to ask is “will it fit?” How much of the stuff you are surrounded by are you actually using? 50%, 40%, we think if you did an audit of our stuff you would be shocked how much you could do without.

Tiny House living also requires organization and creativity. Finding the space for necessities in a limited space means you have to come up with creative solutions. Doing research for this post it was awesome to see the ideas that are tucked into these tiny spaces. When you are on a tight budget have to be creative with how they use their dollars. Financial success means you continue to look for creative ways to use your money, and to make more. 

The Savings!

The tiny house in the above YouTube video cost just under $33,000 to construct. That is a minuscule amount compared to most homes. Considering that many Americans spend as much as 1/3-1/2 of their monthly take home pay on their home, a tiny house represents incredible savings. What is amazing is that there are direct and indirect costs that a tiny home can save you:

  • Purchase price
  • Utilities
  • Taxes
  • Decorating
  • Furnishing
  • Limited purchases of consumer home goods
  • Maintenance costs

Are there limitations to living in a tiny house? Absolutely there are. We’re not trying to convince you to sell your home and move into a 200 square foot home, but we are trying to get you to think about adopting this type of lifestyle, one of simplicity and efficiency. Even if you don’t change your living situation changing your mentality will help your bottom line. Learn from our tiny house compatriots, they have much to teach us.

Could you live in a tiny house? Are you willing to adopt the mentality it would take to live in one? 

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