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Why Join the Tiny House Movement?

To those who haven’t tried tiny house living, it may seem daunting. Why would someone choose to live in a small space? But “bigger is better,” right?

It turns out there are many merits to the tiny home movement and the tiny life philosophy. Of course, people may join the movement for any number of reasons, but the most popular reasons include environmental concerns, financial concerns, and the desire for more time and freedom.

The tiny life provides huge financial advantages and the ability to live a lifestyle filled with adventure. For most Americans, 1/3 to 1/2 of their income is dedicated to the roof over their heads! That means many people will spend a lot of time figuring out how to afford their homes. Buying a house often translates to at least 15 years of working over your lifetime to pay for it. Because of the high cost of owning a “typical-sized” home, as well as the associated expenses (and culture of “buy now, pay later”), 76% of Americans are living paycheck to paycheck.

We work hard to afford bigger houses than we need. We continue to work, so we can fill our houses with more stuff…items we may not need but buy anyway. Many Americans are overwhelmed by their packed schedules and obligations. They’re tired of running in the rat race.

So, what’s the alternative to this high cost of living? One solution is to live smaller—and it’s that realization that brings many people into the tiny house movement. While small homes aren’t for everyone, tiny house costs are much lower than a full-size building.

In my own journey, I started out in an apartment that cost me $1000 per month once you added in utilities, insurance, etc. Once I moved into my tiny house, my bills virtually disappeared, it now costs me $15 (yes you read that right, fifteen dollars!) per month. The cost of building my own tiny house was recouped in under 2 years’ time, allowing me to bank a lot of savings. Even if you’re not ready to take the plunge, there are lessons to learn and apply to escape the cycle of debt in which almost 70% of Americans are trapped.

The cost of buying an average-sized house over 30 years can be much higher than you think. The initial cost of a $290,000 home includes the purchase price, of course, but also includes the interest, taxes, insurance, maintenance, repairs and improvements. All of this can add up to a total cost of over a million dollars during the lifetime of your home. This is the “true cost” of a home.