One main reason people choose a tiny home or join the little house movement is their desire for a simpler, more minimal way of life. Many tiny home enthusiasts say their lifestyle is less expensive and allows them to save more over the years. It’s also a way to live mortgage-free.
Lower utilities, green living and portability, the tiny homeowner enjoys all this and more. If you’re keen on frugal living and saving money in general, a tiny home, and a tiny cell phone bill to go with it, might be right up your alley.
What is a tiny home?
According to the National Association of Home Builders, the average tiny home is 186 square feet. You’ve probably seen some shows about tiny home living and maybe you’ve thought, I want to do that.
Many tiny homes are mobile so you can pick your home up and take it with you wherever you want to go. Tiny homes are a fun option for recent retirees who are living on a budget and want to take in the country’s national heritage.
Maybe the minimal lifestyle appeals to you. Tiny home ownership seems to promise a simple, frugal way of life where adventure is easy and where you live large outside your home’s walls.
Why go frugal?
Frugal, savvy spenders prioritize low overhead living costs and high savings. Reducing your cost of living is a great way to turn more of your paycheck into savings for retirement and pay down debt or student loans.
Do tiny home owners really save more money?
As far as frugal appeal goes, the numbers seem to stack up in favor of tiny homes. Let’s see how frugal tiny homeowners are. We got all of the stats below from The Tiny Life.
68 percent of tiny house people have no mortgage compared to 29.3 percent of all US homeowners (LA Times). Probably because the average tiny home
costs significantly less than a regular sized house or a McMansion.
55 percent of tiny house people have more savings in the bank than the average American (Census.gov). Tiny home owners are probably spending less of their hard earned cash on mortgage payments and paying off their tiny homes faster due to lower cost barriers to homeownership.
89 percent of tiny house people have less credit card debt than the average American. 65 percent of tiny house people have zero credit card debt (NerdWallet). With a lower cost of living and a focus on a minimal lifestyle, it seems like tiny house people are spending less and avoiding debt.
Tiny house living tips: mindful usage of… everything
Tiny living, by sheer space constraints alone, requires a certain awareness around consumption and usage. The opposite is true. Tiny homeowners spend less because they use less. Of everything.
You can’t accumulate mountains of stuff if you live in tiny house with no place to hoard it. That means entertainment is more about parking your tiny home in a new place and exploring your surroundings, rather than having the biggest home entertainment system.
Thinking of a tiny home? How about a tiny cell phone bill?
If you’re interested in the little house movement and are looking into a mobile tiny home, you’ll want to start thinking about what your day-to-day life will look like and how it will change. You can deck out your tiny home as much or as little as you want, but most people opt for a tiny home for the simplicity it offers.
Ting is a great option for frugal living in a tiny home. Tiny house people can start at just $6 per line and go from there. The less you’re using, the better. Cut expenses at every turn and build a phone plan that suits your needs.
The cheapest cell phone plan? One that lets you pay for what you use.
In line with the ethos of tiny home ownership is a mobile service that lets you save more when you use less. Tiny home ownership is all about opting for a lifestyle that’s smaller. It’s less about consumption and more about saving for the future.
See how tiny your cell phone bill could be.