Sometimes the biggest dreams come in the smallest of packages. Those dreams could include early retirement, financial freedom, or simply shedding the trappings of a material lifestyle. But how small a package are we talking? Believe it or not, there is a growing trend of people downsizing their homes to spaces as tiny as 200 square feet.
According to "The Tiny Life" website, the financial incentive for downsizing is not only significant, but can literally be life-changing, especially when you consider their statistic that 68% percent of tiny house people are mortgage-free. They state that 89% of tiny house people have less credit card debt than the average American, with 65% of tiny house people having zero credit card debt at all.
Learn more: What is the tiny house movement?
If saving money isn't incentive enough, there are also significant environmental benefits to this style of living. From solar panels to composting toilets, many micro-homeowners live completely off the grid. But even for those who are still plugged in, the cost of heating and cooling a tiny space can be as little as ten dollars a month. And having less storage space lends itself to less consumption, which naturally results in less waste.
There is nothing small about the imagination and ingenuity required to make these spaces both functional and fabulous. Some are built from modified storage containers, while others are more traditional in form. Tiny houses can be built from a kit, come pre-fabricated or sit on wheels to be pulled like a trailer. Like boats or campers, these homes are often configured with multi-purpose features, such as loft beds, flip-down tables and storage seating. One of the main appeals of tiny living is that it requires a person to de-clutter, purge excess baggage, and get organized. Seeing is believing when it comes to what's possible within a tiny footprint.
Making the decision to dramatically downsize is equal parts physical and emotional. And if the current popularity of this movement is any indication, it would seem that less really can be more.