Skip to main content

Frugal Challenge - Day 3 Downsizing Your Home

Less house space = less stuff!
This little place is 107 sq. feet! People actually are living in these around the country.
Read more about the frugal challenge HERE.

Today's Daily Goal:
Given your own unique situation and based off of what you have read today…determine your own goal. How would downsizing your home assist you in living frugally?

We bought our home in 1995 during a price dip in the market. We were able to secure Cal Vet financing since my husband had military service background. It was a low enough interest rate that we could afford the payments. Mind you, this was a LARGE home, 4 bedrooms and a full bath downstairs and a master bedroom suite upstairs. It was actually known as "Brighton Place" back then. An elderly care home in a residential neighborhood. Our 4 children were between the ages of 10 and 20 and all wanted a room of their own. We had rented in this area for 13 years and watched the housing market carefully. This home is only 12 blocks from the beach. I KNOW, I was pinching myself daily because I just could not believe we could really be living here! (Can't believe I don't have a good picture of it to show you. Guess I'll be taking some of those REALLY soon!)

As my husbands income went up and our kids were getting to "moving out" age, we changed our mortgage from a 30 year loan to a 15 year load which just doubled the monthly payment. Our intention is to have the house paid off by the time my husband retires. There would be no WAY he could retire and make a house payment.

Today's goal makes me think about home downsizing. Yes, we thought about that. But here, the homes jumped in prices so even if we bought a much smaller home, it would cost more than this one! We have downsized the items we keep IN the house, making the rooms into guest rooms minimally furnished. AND now that I've had 3 of my 4 kids come home and live for a while, I'm actually glad we DIDN'T downsize. (One family moved in because they lost their home to foreclosure) And my husband and I have thought that if we really needed to some day, we could probably even either rent rooms or close off the upper story and rent it out. We're also hoping that home prices will rise and as we pay down, the home's value will go up and if need be, we could THEN sell the house and make enough to live on through our final years. We also use the backyard for fruit and vegetable gardening which saves us quite a bit on our grocery bill.
Little Girl's Guest Room
My PLANS for our last Guest Room.

Our Beach Guest Room

Do we have other "home" ideas. Of course! We have a motorhome that is a very simple one bedroom, about 270 sq. ft. place. It is in great condition and fits hubby and I perfectly, at least for a couple of weeks at a time! I can't imagine living permanently in it, but we could if we had to. Forced frugality FOR SURE! 

For now, I think we will just keep doing what we are doing. Our rooms downstairs are filled with necessities only and by the end of this year, I'm hoping we can say that about the rest of the house as well. 


Popular posts from this blog

Grave's Disease

The Picture - Half Empty or Half Full? Many of you who know me know I've been fighting a battle with Graves' Disease for about a year and a half. It was diagnosed in February of 2007. I was so very sick back then I actually thought I was going to die! One of the main symptoms was a rapid heartbeat and mine was probably 110 beats a minute. I was put on Methimazole, about 40 mg. per day to knock down the worst of the symptoms. That has gradually been reduced until now my dose is 5 mg. a day. Then I got some really bad news this week, my numbers are beginning to rise again. My Dr. called on Wednesday and told me he wanted to do the radioactive iodine treatment. I just don't feel ready for that at all. He gave me until the 7th of November, my next appointment, to "see the numbers change". He says to take the medicine every other day and in two weeks go off it all together. Yeah, the numbers will change and it won't be for the better I'm sure. So, I went on the

Baby Shower Busy-ness

Ok, you probably thought I fell off the face of the earth right? Nope, there is just alot happening around here. The next event is Beckie's Baby Shower this Sunday. Decided to make my very first Diaper Cake and these are just a few of the pictures. The first thing I did was watch about 20 YouTube videos describing how to do it. Then I bought my supplies and put it together roughly first then more refined about a day later. This is a close up of the baby sock roses with mitten leaves. Yes, that video DOES exist! Next is a close up of wrist rattles and a little caterpiller radio that makes soothing sounds for baby. Background ribbon is from WalMart and the blanket set is from the Jungle Adventure Collection at K-mart. The topper for our "Jungle" themed cake is a Silver Back Ganz Gorilla . These little links slipped easily over the ribbon and added a little extra bling to the sides of the cake. Each layer consists of diapers along with extras like washcloths, bu

Patriotic Book Bag

My daughters and I love a challenge. So, back in late May we decided to take each other on in a $5 Dollar Store Challenge. We found inspiration over at Lindsay's Blog , Living With Lindsay. This is how this challenge goes. You shop your local Dollar Store spending no more than $5 on supplies. Then you put your purchases together, in a different way and make something brand new. You CAN use SOME supplies that you have on hand at your house already to complete it. For our challenge, we decided to put in that it would have to be something patriotic, red, white and blue, or something using 4 th of July type supplies, knowing that the completion date would be right around the first of July. I walked in the door of the store about a month ago and found some really nice, thick placemats like these. The ones I picked up were red and white stripes with a blue star pattern. I was already thinking a purse of some kind so I knew I would need about 3; one for each side and one to cut up for