Living Small and Saving Big

Owen Winkelmolen

Financial planner, personal finance geek and founder of PlanEasy.

Living small is a great way to save money. Today we’ve got a guest post on 1500 Days To Freedom about how our family of four lives in just 1,000 square feet.

1500 Days To Freedom is a blog written by Mr.1500 (he blogs anonymously). The blog is about his family’s goal to achieve financial independence by amassing $1,000,000 of investments in just 1500 days. Check out our guest post about living small and please make sure to check out the rest of the site too!

In the guest post you’ll find a detailed layout of our house. We live in a three bedroom bungalow that measures just 40ft by 25ft. We have a full size kitchen, living room and dining room but our bedrooms range from just ~80 square feet to ~120 square feet.

We chose to live small for many reasons, all of which are covered in the post, but one important reason was that it lets us save big. Our annual housing costs are approximately $15,000 lower than other family homes in our area.

Living small also allowed us to buy a house in a great location. This helps us save big on transportation every year.

In total, for both housing and transportation, our annual budget is only $13,220 per year.

For the full post click the link above!

Owen Winkelmolen

Financial planner, personal finance geek and founder of PlanEasy.

Want new articles as soon as they get published?
Subscribe to our awesome newsletter.

Want new articles as soon as they get published?
Subscribe to our awesome newsletter.

 

2 Comments

  1. DC @ Young Adult Money

    I’ll have to head over and check out the full post! I’ve been trying very hard to embrace living small. We essentially only use the first floor of our rambler (1,000 square feet) with some storage in the basement as well as a rental unit. Many friends of ours are buying homes in the 3,000+ square foot range. While the houses are big and have so much space, I am confident the longer we can stay in our home the more we can build up investments, pay down debt, etc. without having a huge mortgage hanging over our head.

    Reply
    • Owen

      Living small is definitely good for your wallet! There are other advantages too, mostly the time savings, but also just less stress in general. Three thousand square feet is a big home. I have to expect there are rooms that are never used in those. That or rooms are very large. Either way its a lot of money to tie up into something you don’t use 100%. I think your 1,000 sqft rambler sounds awesome. Especially if it has a rental suit for extra income. Thanks for the comment DC.

      Reply

Submit a Comment

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

Share This