Ways to Save Money

7 Times People Took Low-Cost Living Situations to Extremes

March 31, 2016
by Steve Gillman
Contributor

There’s nothing wrong with nice homes, new cars, vacations and dining out.

But a big lifestyle often comes with big rent or mortgage payments, and may require big jobs and more stress.

Maybe you prefer a less conventional way to put a roof over your head, in terms of both how you pay for it and what kind of roof it is. And maybe you want less expensive and more interesting ways to live in general.

For example, you could spend your life as a house sitter and caretaker to get the advantages of living in nice homes without the financial obligations of owning a place.

Or, if you want a more temporary change, you might live in a bus and travel the country for a year before settling down.

Whatever your goals, here are some real-life examples of alternative living. Would you try any of them?

1. Camping as a Lifestyle

Nancy Bolam says she was paying $500 per month for an unheated bedroom in a trailer outside Aspen, Colorado — and it didn’t have a closet or a door!

So she decided to try camping for a while, instead.

She bought a fabric dome, and ran power to it from a friend’s nearby garage. She heated it with a woodstove and carried in the water she needed.

After living this way for more than three years, she had saved enough for a down payment on a house.

But, she says, “I will greatly miss camping as a lifestyle.”

2. Living in a Truck

After discovering how expensive rent was near his new job at Google, 23-year-old Brandon (last name withheld) bought a box truck to live in, reported Business Insider.

His 128-square-foot living space includes a bed, dresser and places to hang clothes. He showers and eats on the Google campus and leaves the truck parked there, as well.

Brandon says this works because he really only sleeps in the truck. And he figured he’d quickly recover the $10,000 he paid for the truck because he’ll save more than $2,000 on rent each month.

He details everything on his blog, FromInsideTheBox.com. 

3. Being Homeless by Choice

A truck is a pretty minimal shelter, and a fabric dome even more so, but Daniel Suelo doesn’t even own a tent.

He doesn’t even use money, according to The Atlantic.

Suelo is homeless by choice — and sometimes lives in caves near eastern Utah, or in the Sedona, Arizona area.

He forages for wild foods or searches dumpsters, cooking his meals on stoves made of discarded cans. He drinks from streams.

He’s had some trouble with the law due to the 14-day limit for camping in any one place on BLM (Bureau of Land Management) lands, but mostly he stays out of sight so he’s left alone.

Suelo sometimes works as a house sitter. He’s also spent time living with anarchist squatters in Portland, Oregon, and in communal homes. But he spends most of his nights outside, and he’s been living this way for more than a decade.

4. Living in an RV

Bob Wells lives in his RV on a $1,100-per-month pension, and says he knows “dozens of people who live in their vans and make much less than $1,000 per month.”

It can be costly to travel much in an RV, so he suggests alternating between working and traveling — while still living in your RV, of course.

Here are some of the ways you can make money on the road, according to Wells:

  • Be a campground host
  • Make and sell crafts
  • Sell things on eBay
  • Create websites
  • Paint houses
  • Provide animal-grooming services

Check out our list of 103 ways to make money at home for more ideas to work from your home on the road.

5. Living on a Sailboat

Yes, you can live on a sailboat inexpensively — if you do it right.

HoboSailor.com’s Leann and Chad say it means buying a cheap used boat, sticking to free places to anchor and budgeting well. Their lifestyle, which includes a cat and a large-screen TV on their small sailboat, runs about $1,000 per month.

Because of the work involved with living on a boat, it may be best to do it as a couple. And Chad says it’s “a great pre-marriage test that I would recommend to anyone.”

6. Living in a Storage Unit

Nobody is likely to recommend living in a storage unit as a permanent housing solution, and there may also be legal issues.

On the other hand, people do sometimes choose this lifestyle out of necessity for a few months at a time.

Consider Becky Blanton’s story. When her freelance writing income declined, she put a bed in her 10-by-20-foot storage unit and moved in. The managers of the facility chose to say nothing.

After four months working various jobs and eating at cheap buffets, Blanton saved up some money and found more conventional housing.

7. Living as a Nomad

Britany Robinson says at the age of 27, she’s part of “generation rent.”

She has no plans to buy a home. In fact, she recently decided to drive around the country and look for a new place to live.

“I’m addicted to the freedom of renting over buying, as are many of my friends and peers,” Robinson says. For a while, she’ll be living in hotel rooms.

There may be a trend toward more-nomadic lifestyles, thanks to the many options for working online (and due to less job security). Of course, the cost of such a lifestyle depends largely on what kind of places you rent.

Your Turn: Would you consider any of these low-cost alternative lifestyles?

Steve Gillman is the author of “101 Weird Ways to Make Money” and creator of EveryWayToMakeMoney.com. He’s been a repo-man, walking stick carver, search engine evaluator, house flipper, tram driver, process server, mock juror, and roulette croupier, but of more than 100 ways he has made money, writing is his favorite (so far).

by Steve Gillman
Contributor for The Penny Hoarder

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