Kiplinger's often provides our readers with tips on how to save money by eliminating expenses you don't need and by cutting back in other areas. But G.E. Miller at 20Somethingfinance takes it a step further by suggesting a way to dramatically reduce most people's biggest expense: homeownership. He writes about the benefits of downsizing to a tiny home. Tiny, as in a couple hundred square feet or less.
The cost savings and other benefits he touts are compelling, but I'm not sure my family of four could handle such close quarters. I'm curious what you think about this idea (share your comments below).
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
To continue reading this article
please register for free
This is different from signing in to your print subscription
Why am I seeing this? Find out more here
-
Stock Market Today: Stocks Run Out of Steam Ahead of Meta EarningsThe Dow Jones Industrial Average snapped a four-day winning streak after Boeing's first-quarter results.
-
One-Third of Parents Are Paying An Adult Child's House Down Payment? Are You?As housing costs soar, Gen Z and Millennial home buyers are turning to family for help with down payments.
-
5 Ways to Save Money on Vacation Rental PropertiesTravel Use these strategies to pay less for an apartment, condo or house when you travel.
-
10 Annoying Hotel Fees and How to Avoid ThemTravel Here's how to avoid extra charges and make sure you don't get stuck paying for amenities that you don't use.
-
How to Appeal an Unexpected Medical Billhealth insurance You may receive a bill because your insurance company denied a claim—but that doesn’t mean you have to pay it.
-
Amazon Prime Fees Are Rising. Here’s How to Cancel Your Amazon Prime MembershipAmazon Prime Amazon Prime will soon cost $139 a year, $180 for those who pay monthly. If you’re a subscriber, maybe it’s time to rethink your relationship. Here’s a step-by-step guide to canceling Prime.
-
How to Haggle for Almost AnythingSmart Buying Learning how to haggle is an invaluable skill. These strategies will help you negotiate a better price for just about any product or service.
-
Disability Insurance Can Provide COVID CoverageCoronavirus and Your Money If you are concerned about long-term complications from COVID-19, consider disability insurance coverage.
-
21 Things You Can't Return to AmazonBefore tossing these items into your virtual shopping cart, be sure to read Amazon's return policy first.
-
How to Avoid a Charity Scampersonal finance Scammers never quit, even when you're trying to be altruistic. But you can avoid getting duped if you do your homework.
