When you're coming straight out of college, it is difficult to get on your feet. Whether you're coming out debt-free or you're drowning in loans, life after college is a huge transition. It's as if life kicked you out on the curb and said: "figure it out."
The biggest question after college is "where are you going to live?" Apartments, houses, rent, gas, electric, garbage, bills, and every other fee and cost you can think start to build up quickly. It's overwhelming.
I was able to sit down and speak to a recent college graduate who was able to find a diamond in the rough when it came to her living situation after graduation. She went to live in a tiny home.
The number one thing to know about tiny home living is that you have to do it right. While tiny homes that you see on HGTV will run around 50k, but if you go RV or car renovation you're looking at spending 10k max. Which is the first tip when looking into the tiny home living, check out alternative options than a house on the ground. RV's and trailers are always an option when looking into tiny home living. The only downside of RV tiny home living is dealing with the sewage because you have to take care of that yourself unlike living in a home.
The best thing about an RV tiny home is financial freedom. You do not have to worry about a mortgage, rent. You only have to answer to yourself not a bank when it comes to tiny home living.
The compacted space may not be ideal for families, but it is ideal if you're single or even newly married due to their affordability and the easiness it has to just get up and leave. Tiny homes are great for smaller pets like cats, small dogs, or a hamster. One just has to keep in mind that a smaller area means less space for the pet hair to go.
However, the compacted space does reteach you how to live simply, become less materialistic, and budget. Due to their smallness, tiny homes do not allow for much "stuff". This helps make you become less attached to "stuff" and you're able to refocus your priorities. Instead, you focus more on the necessities instead of the wants. You're more likely to spend less money at the store because you simply do not have the room.
Through this saving, you're able to sock away more money for a rainy day - and let's face it there are plenty of rainy days that happen in adulthood.
After being on your own in college, it may be difficult to move back in with the parental units, but living on your own may just be a burden itself. When figuring out life after college, know that financial freedom is out there and there are plenty of options that are outside of an apartment with five roommates to make ends meet. You just have to do your research.