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Downsizing & Saving More Money.

My Tiny House Monthly Expenses

As lots of you understand, I’m a travel addict. But how I’m capable of go to 5-10 new nations a yr on the wages of a part-time blogger? It’s easy actually, my month-to-month bills are ridiculously low! How low precisely? Let me break it down for you…

MORTGAGE

My home is paid off. If you’re within the total cost of my build, click here.

RENT / PARKING FEE

Paying lease for a parking spot might be the most important expense most Tiny Housers will face. While I’ve written an article on the trials and tribulations of Tiny House Parking, I’ve by no means defined my present state of affairs intimately. I’ve been stationary for over a yr, parking full time at Mt. Hood Tiny House Village. What is Mt. Hood Tiny House Village? It’s an RV resort that has been round for many years, they usually lately determined to advertise and embrace the Tiny House motion.

The resort itself is very large, welcoming lots of of RVers yearly. The park administration has devoted one space of the park for Tiny Homes, cabins, and park fashions. There are presently 5 Tiny Houses out there for nightly leases on the property, and these tinies are owned and managed by the park itself. There are additionally 5 privately-owned Tiny Homes parked there as properly, they usually pay a montly rental payment.

My house is likely one of the 5 privately owned Tiny Homes at Mt. Hood Tiny House Village. Rent is roughly $450 a month (relying in your spot), and it consists of facilities akin to entry to the fitness center, scorching tub, and pool. A couple of utilities are additionally included, specifically water and trash. Gas and electrical are metered at every spot, so these utilities not included within the rental worth. Cable and web may also be added for a further value.

You can discover cheaper parking elsewhere, positive. But, in my expertise, you get what you pay for. Whenever I see RV parks charging $300 or much less per 30 days, I do know I gained’t be proud of the parking spot or the facilities. Many RV parks are falling aside with poor administration and/or situated in much less fascinating areas. Of course, you may as well select to not park in an RV park. Read this article for more parking options.

What do I pay per thirty days for lease? I do a piece trade, and in return, they wave my rental payment. I pay $zero for lease.

UTILITIES

As I discussed above, trash and water are included in my parking spot. Electricity can also be included with my particular settlement, however I do have a number of utilities that I pay for month-to-month: fuel and web.

Tiny House monthly expenses

Propane Water Heater

Gas

I exploit a propane water heater and a propane stove top in my Tiny House. I fill my 15lb propane tank about each three months. It prices about $7 a month on common as a result of I often select to refill the tanks at a fuel station (fairly than doing an trade). I even have a 3-way refrigerator, which makes use of propane once I’m off-grid. Currently, I’m plugged right into a hefty electrical outlet, so I’m operating my fridge on electrical energy.

Monthly Gas Cost: $7

Internet

I exploit an area web supplier for high-speed web in my home. I’ve a router and modem, like a daily house. My invoice is $55 a month. I would not have cable, as that may be additional. When I used to be traveling with my Tiny House, I had a big knowledge plan with Verizon Wireless and tethered my iPhone to my pc. This was very costly, and I all the time blew by way of my knowledge. I used to be spending about $130 a month on my Verizon invoice.

Monthly Internet Cost: $55

HOME INSURANCE

I do have insurance coverage on my Tiny House, and I’ve written an in-depth insurance article about my expertise (good and dangerous) with totally different insurance policies. My present coverage permits for renters as a result of, once I’m touring, I do lease my Tiny House out (name 877-570-2267 or visit this website and book the “Journey” Tiny House).

My insurance coverage prices $878.80 a yr, and I pay it in full. For the aim of this text, I’ll divide it out to a month-to-month value.

Monthly Insurance Cost: $74

HOME MAINTENANCE

I’ll be trustworthy with you, I haven’t skilled a lot residence upkeep within the final two years. I repaired my water heater two winters in the past when it broke on account of consumer error. That value me about $250. That similar yr, I changed all 4 tires as a result of I had traveled over 25,000 miles (for the monthly cost of towing a Tiny House, click here). I additionally changed my electrical area heater after it died on me, which value about $50. Last yr, I put in a winter skirt for round $100, and I bought a number of gadgets particularly for winter dwelling (click on right here to see my favorite winter appliances).

I haven’t spent various hundred dollars on upkeep since parking at Mt. Hood Tiny House Village final summer time. So, let’s estimate my month-to-month upkeep value to be $30, on the excessive finish. Normally, it’s zero.

Monthly Insurance Cost: $30

MY TOTAL TINY HOUSE MONTHLY EXPENSES: $166

That’s it. $166 is all I pay month-to-month for residence bills. Of course, I’ve different bills akin to scholar debt, automotive insurance coverage, a automotive mortgage cost, medical insurance, groceries, fuel, contributing to my retirement fund, and so on. I don’t think about these bills to be Tiny House associated, so I’m not going to reveal them on this article.

With all the cash I’m saving on my month-to-month bills, I’m capable of help myself with a part-time job that I really like – writing for this weblog and making YouTube videos! I’m additionally paying down my money owed (I’m hoping to be debt-free by the top of subsequent yr), and I exploit my additional revenue to journey about Three-months out of the yr. I don’t contemplate myself rich. My yearly revenue may even shock some individuals. But I’ve redesigned my life in order that I can do the issues I really like now, not in 40 years once I’m retired.

 


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