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Have you thought about living in a car to save money?
Well, you are not alone
I found 3 facebook groups with minimum of 5 thousands members in each
Most importantly, 2 reddit sections for discussing this topic one called urban car living
While the other is called vandwellers
This means the concept of turning a car into a dwelling is a common idea between many groups of people
But why would anybody think to live in a car and giving up on his home?
I know it would make sense to live in a tent as tents are spacious but not in a car
That’s why I am going to discuss the idea of living in a car in details below
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Would you live in a car to save money?
Actually saving money is not the only reason to live in a car
You will save a lot of money more than you have estimated
But few people pursue a moving action around US to visit all states
That would take easily around a year to move and stay in all states
While there are others who want to experience simple life and abandoning lot of items
Are living costs on housing currently exorbitant?
Without any doubt handling mortgage is exorbitant
You can pay up to 40% of your income, in other words combined family income to cover just the mortgage
In so many cities in US and Canada it is tough to pay mortgage if you are having single income
Even acquiring a mortgage in some areas requires you to pay 20% of the house price just to get the bank to approve your mortgage amount
Beside mortgage, you have property tax plus all utilities and home maintenance
Even if it is rent, it can eat up to 25% or 30% of your income
Pros of living in a car
There are 3 benefits of living in a car to save money
Cost effective
Very cheap even if you pay extra gas and insurance
There is no way you can compare what you will pay extra against house expenses
You will cut electricity and utilities
But you definitely need a GYM membership for taking showers
You can camp for free in any public parking lot near playgrounds
Definitely you wouldn’t be able to cook so you will buy ready made meals
You can use microwave at work or maybe in GYM
Freedom
Those living in cars or vans decided to escape the modern society and live life on their own terms
Some do that so they can travel freely with less cost
They managed to shrink the living expenses to the bare minimum
With no rent increase and home repairs
Friendships
Do you remember about the Facebook and Reddit groups I told you about?
Those people living in cars managed to arrange to travel together across the US and arrange to have regular meetings together
They post their favorite spots and safest places to sleep over
Although there are many benefits for living in a car to save money
But you have to be aware of the cons too so you can make informative decision
Lack of security
The top cons is the lack of security
Imagine a mother and her daughter living in a car how unsecure it could be?
This is not a thought I made but there was a real life story on Reddit of a mother who had to live with her daughter in a car
So if you are living on your own or with a partner it would be OK
But don’t live in a van if you have a family to care about
Cooking your food
If you are obsessed of living and eating healthy food then living in a car won’t help you achieve that
There is no way you can enjoy cooking healthy food in a car or van
You have to rely on eating junky and using kitchen appliances like microwave at work
Being alone
Yes you can experience being alone as this won’t be a surprise to you
Most of those who experienced living in a car to save money had their relatives cut their relationships with them
Homeless stereotype
Unfortunately if you live in a car for the sake of saving money or for any other reason
You have no way to avoid the stereotype of surroundings seeing you as homeless
Reality of living in a car to save money
In reality living in your own car is a personal decision you make that comes with disadvantages beside benefits like saving money
You make this decision easily if you have no family
Or I would say if you have a plan to save the money you would lose in housing costs
Like so many people who lived in cars managed to pay their students loan in very short time compared to those who did not
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