Can Living In A Tiny Home Save You Money?

At the onset, investing in a Tiny or CargoHome can seem quite daunting. Yet the long-term benefits of living in a smaller, more efficient home will pay off.

Many families already living in a large home find they first need to make a mindset change by decreasing their personal possessions and adjusting their priorities. These are some of the more difficult hurdles to overcome before making the leap.

Living in a compact structure with minimal storage space can be challenging. As is the case with many tiny homes, open familial spaces make for great gathering spaces, but aren’t very conducive to privacy.

The benefits?

For Gabriella Morrison, the biggest perk is no longer being financially stressed. Their family built a tiny home in Ashland Oregon in 2011, and they estimate that in 5 years the home will have paid for itself in savings just from not having a mortgage. Not to mention having no utility bills due to their solar panel array and water sourced from a well on the property.

If your ambitions include going off the grid, the savings can pile-up even faster. Because of the energy-conscious design of a CargoHome, a relatively small solar array can fuel an entire home very easily. Rainwater harvested from the roof or utilizing a well from your property can both save your pocket and the environment in the long-run.

Think outdoors. People who gravitate towards tiny houses often tend to be outdoor-oriented. Tiny houses are also natural fits for rural spaces or vacation rental opportunities. And if you live in a tiny house with favorable weather, outdoor living on decks supplements the inside spaces.

Using less fossil fuels, less non-renewable resources; just deciding to make your existence in a tiny house is a win for the environment and your decisions to help the planet will just cascade from there. Every day is a green day. Of course, living with less translates into more for other areas of your life – more time, more money, more balance…