Living in a tiny House

[BuffaloPolypteridae]

^ right! you have to limit yourself to such a low spending rate i doubt youd be able to maintain anything larger then a 30 gallon and be able to go do free things haha no vices. Thats my issue w/ spending, i have my vices and theyre relativley not cheap. Trading in an old common fish for a new rare one is another haha

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[jlnguyen74]

GETTING debt free is the hard part though.

I don't see how someone can be debt free. Even if you pay off your car, you still have repair bill and gas bill to pay. Even if you pay off your mortgage, you still have property tax to pay. On top of those, you have utility bill to pay. Even if he/she lives off some other person, he/she is still in debt of that other person, unless he/she is in denial and thinks that person owed him/her, thus, has to take care of him/her

 

[harleyboy]

I don't see how someone can be debt free. Even if you pay off your car, you still have repair bill and gas bill to pay. Even if you pay off your mortgage, you still have property tax to pay. On top of those, you have utility bill to pay. Even if he/she lives off some other person, he/she is still in debt of that other person, unless he/she is in denial and thinks that person owed him/her, thus, has to take care of him/her

Your getting cost of living confused with debt. Debt is money borrowed having a interest rate added onto it or not
You can choose not to own a car

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[Chicxulub]

I don't see how someone can be debt free. Even if you pay off your car, you still have repair bill and gas bill to pay. Even if you pay off your mortgage, you still have property tax to pay. On top of those, you have utility bill to pay. Even if he/she lives off some other person, he/she is still in debt of that other person, unless he/she is in denial and thinks that person owed him/her, thus, has to take care of him/her

Those things aren't debts. They're the cost you pay for services rendered. Those bills have no interest and no money was loaned which makes them simply bills, not debts.

Big difference.

They'd only be debts if you (foolishly) pay them with credit cards.

 

[krichardson]

Your getting cost of living confused with debt. Debt is money borrowed having a interest rate added onto it or not
You can choose not to own a car

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Those things aren't debts. They're the cost you pay for services rendered. Those bills have no interest and no money was loaned which makes them simply bills, not debts.

Big difference.

They'd only be debts if you (foolishly) pay them with credit cards.

Wholeheartedly agreed.

 

[zapantha]

If you ARE debt free, that kind of money isn't THAT hard to come up with. Even on a blue collar paycheck.

GETTING debt free is the hard part though.

What I meant is he sounded like NEVER having debt was easy. Like "well I can just shell out 40gs and have my place to stay, lalala." It takes a long time to save that much depending on bills and such. Renters pay almost as much as home owners nowadays in my area. Not a lot of people just have 40 k in their savings. While he's saving up and paying rent. I'm making payments to own my home AND not paying extra for rent. Each month he has to have more than me for 1 to save the 40 gs and 2 to pay rent. Of course all depends on standard of living, income and dependents.


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[zapantha]

Also my use of rich may be different of what you may use. Middle class and upper middle class people I usually call rich, since a lot of my friends are poor/working class. Anything else, including my life style I call rich cause my friends do


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[Chicxulub]

What I meant is he sounded like NEVER having debt was easy. Like "well I can just shell out 40gs and have my place to stay, lalala." It takes a long time to save that much depending on bills and such. Renters pay almost as much as home owners nowadays in my area. Not a lot of people just have 40 k in their savings. While he's saving up and paying rent. I'm making payments to own my home AND not paying extra for rent. Each month he has to have more than me for 1 to save the 40 gs and 2 to pay rent. Of course all depends on standard of living, income and dependents.


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I don't really get your point.

I'm 30 years old with a wife, one kid and two more on the way. Between the wife and I, we clear less than 55k a year (but we both do something we love). In some parts of this country, that is practically poverty. With only the mortgage, one car to pay and one credit card that is empty for emergencies, I have no problem squirreling away a couple thousand a month.

One needs only balance the budget. There's a reason why my 510 gallon has taken a year and a half to put together and I have a hard time even filling my 150 gallon tank. I could throw money at it but that would be foolish.

People can LIVE quite comfortably debt free. I'm almost there thanks to nothing more than discipline. Unless something major happens, I'll have no debt in less than a year. The problem people have is a lack of discipline and a tendency to buy **** they don't need. You don't need a $200 a month data plan. You don't need 900 channels of TV. You don't need a 50 mbps internet connection. You most definitely don't need a new car every two years. Hell, you don't need a new car period. A $3000 Escort will do everything a $45,000 new Mustang will... except run 12s and stroke your ego. All of those things are nice to have, but at the end of the day are completely irrelevant and are a key reason why people can't put any money away. In five years, unless something dramatic happens, I'll be paying CASH for 20-50 acres (depends on what feels 'right' at the time) and a house.

I have no pity for someone who is 'broke' while working for $15 per hour when they have a brand new 2014 Mustang GT, a brand new iPhone 5 with unlimited data and all the other stupid ass bells and whistles people buy but don't need. When I was in the army I saw this crap all too often. I was a staff sergeant when I got out and I did two years as a drill sergeant. I got a first hand, up close look at how irresponsible people could be with their money. In the army, my Joe's problems were my problems and I got the distinct pleasure of fixing it for them.

All those stupid baubles won't make you happy anyway. Fill your life with the things that matter- family and friends who love you. Everything else is tertiary. People don't seem to understand that and try to fill that void with things. :/

 

[zapantha]

I don't really get your point.

I'm 30 years old with a wife, one kid and two more on the way. Between the wife and I, we clear less than 55k a year (but we both do something we love). In some parts of this country, that is practically poverty. With only the mortgage, one car to pay and one credit card that is empty for emergencies, I have no problem squirreling away a couple thousand a month.

One needs only balance the budget. There's a reason why my 510 gallon has taken a year and a half to put together and I have a hard time even filling my 150 gallon tank. I could throw money at it but that would be foolish.

People can LIVE quite comfortably debt free. I'm almost there thanks to nothing more than discipline. Unless something major happens, I'll have no debt in less than a year. The problem people have is a lack of discipline and a tendency to buy **** they don't need. You don't need a $200 a month data plan. You don't need 900 channels of TV. You don't need a 50 mbps internet connection. You most definitely don't need a new car every two years. Hell, you don't need a new car period. A $3000 Escort will do everything a $45,000 new Mustang will... except run 12s and stroke your ego. All of those things are nice to have, but at the end of the day are completely irrelevant and are a key reason why people can't put any money away. In five years, unless something dramatic happens, I'll be paying CASH for 20-50 acres (depends on what feels 'right' at the time) and a house.

I have no pity for someone who is 'broke' while working for $15 per hour when they have a brand new 2014 Mustang GT, a brand new iPhone 5 with unlimited data and all the other stupid ass bells and whistles people buy but don't need. When I was in the army I saw this crap all too often. I was a staff sergeant when I got out and I did two years as a drill sergeant. I got a first hand, up close look at how irresponsible people could be with their money. In the army, my Joe's problems were my problems and I got the distinct pleasure of fixing it for them.

All those stupid baubles won't make you happy anyway. Fill your life with the things that matter- family and friends who love you. Everything else is tertiary. People don't seem to understand that and try to fill that void with things. :/

Ok how bout those clearing 2000 a month net, paying 800 to rent an apartment by themselves, unless you rent a room that's the cheapest you'll get round here, and in a high crime neighborhood. That's barely a 1000 they can save if they pay nothing but living space. It'll take at least a few years to save that much. Add a kid. More expenses. Not that easy. Poverty line is 12000. You're well over it even with a wife and kid. Maybe to you it's not THAT hard, but I'm saying it's not easy. And like I said I call rich anything not living paycheck to paycheck. You can afford to pay rent and save a couple gs a month, good for you. Not the same situation for most, so yes you're well off. But for those who can't just save 2 gs a month, you can get a no money down loan, pay 800 a month on the mortgage when the market took a hit, and that 800 isn't just lining the landlords pocket, it's going towards owning my residence.


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[Mr. Mom]

First of all well said Chicxulub ... I've nothing to add to that.

I was going to say...
my house is about 850 square feet and no basement, and my 245 fits just fine. but I've got more space with less wife.

I live in a 24sqm flat roughly (apparently it's 250 sqft???) . It's about 10m long at its longest and 3m wide at its widest (but about 1.5m wide mostly). It costs me £90 a week including bills... I somehow do have a 160l tank, full ergonomic desk and chair, freezer, three chest of drawers etc but it isn't exactly spacious... saying that though, I love my flat for one very good reason: it takes an hour to fully spring clean. I'll try and get some photos though later..

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I lived in a 375 sqft basement suite for almost 3 yrs. HAPPILY .... started dating my wife while I lived there. But her things stayed at her place. When we moved in with each other and had our first child it was a 750 sqft apartment for 2 yrs. to save for our house. It's called being organized.

We've got debt, but we've also paid everything ourselves including her going back to school for her nursing as well as our decent sized wedding (about 100 guests). Our house is decent sized 2 story 1465 sqft. (not counting basement) and to me its too big. And yes you could fit a couple larger tanks in that 375 sqft sweet I had ... just have to be creative with the stand ... things become multipurpose.