After reading the title of this post you may be saying, “given the economic climate many people have learned to live on less.” And you would be absolutely right, because overall our spending habits have changed. My question to you is still, how much are you willing to downsize your lifestyle?
Over the weekend I watched a video about Jay Shafer’s decision to downgrade his lifestyle to have more freedom. He moved from a 4,000 square feet home into a tiny home measuring only 89. I’m not missing any zeros here – this home is 8 feet by 12 feet.
This downsize has its benefits: no mortgage, much lower utilities (less than $100/yr), and more freedom to pursue your passion since you are not being weighed down by the responsibilities of maintaining a big home.
As a family of four, I can definitely say that this would not work for us. However, I think the concept of living on less is great. I must admit though being a native Floridian, I don’t think that house would work for me – even if I was single without any children. It would have to meet hurricane standards or withstand some serious winds in Chicago. 🙂
Whether we choose to live on a lot less or a little less the idea of conserving more is a great one! I recently joked with my friend on the phone that being frugal is just part of my DNA makeup.
Finally, the video that inspired this post (Click the button next to volume to watch it in full screen mode):
I agree with Jay’s perspective, if you live on less you can have more freedom to pursue your passion.
What are your thoughts? Please share them using comments.