2.20.2014

The Downsizing Dilemma: Does Less Equal More?

I'm a big fan of frugality and a lover of thrifty.  There's nothing quite like scoring a great deal on a must-have item.  But lately I've been wondering if I can go bigger.

The topic of discussion lately has centred around selling our house and getting something smaller.  We have a lovely house in a great neighbourhood with a huge yard and even a pool.  Yeah, it's a lot.  And it's starting to feel that way.  It feels like we have it, just because we can.  And I don't like that feeling.  After Alice was born I didn't return to work which has been lovely.  But that means that also means taking a big hit on our household income.  Yes, we can stay in our house, but we don't have the cushion like we did.  Yes, my frugal senses have been working overtime to ensure we're getting the most bang for our dollar.  But it still seems that most of our dollars go to this house.


So we're thinking of downsizing.  Getting something smaller, without a pool or the giant yard.  Something that we can pay off in a few years and not have a mortgage hanging over our heads until we're old and grey.  Something that will be cozy and comfy, but allow us to travel more and show our kids the world.  Could you imagine not owing anything? No mortgage, no debt.  Think of the places you could go and the things you could see!

I seem to have finally convinced my husband that downsizing isn't a bad thing.  In fact, it could be one of the smartest things we do.  So whether it's a condo or small house outside of town...it doesn't really matter, as long as it's the right place for us.

Who cares about keeping up with the Jones's? I don't even know the Jones's!

Now this whole idea started last year after I read You Can Buy Happiness (and It's Cheap) by Tammy Strobel.  My husband thought I was a little nutty when I said I wanted to get rid of everything.  OK, maybe that was a bit drastic, but he seems to be coming around and realizing that less can be more.  He recently started reading  Debt Free Forever by Gail Vaz-Oxlade and I think that really got the wheels turning for him.  At any rate, I see some changes coming in the future for our homestead and I can't wait to see where we end up.

Have you ever made a huge thrifty life shift, either by choice or necessity? Any advice for this desiring downsizer?
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9 comments:

  1. We are currently doing just this! The house we are livivng in at the moment is costing us a fortune every month so we are moving to a brand new house that is far more economical and will cut our household outgoings in half! It is a smaller house but still perfectly big enough for what we need. I can't wait to get in there now and start seeing the savings. Thanks for sharing on #ThriftyThursday :-)

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    1. Awesome! I think we share a brain or something as just about each week we're thinking of the same things. Keep me posted on how it goes!

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  2. Family needs now and long term are the most important over possessions. We chose our home on a quiet court of a quiet street with mature neighbours for the safety and security of raising a young family, a larger space versus a polished inside so that we could chip away at it over the years and yet have the functional space required for a growing family now and in the future. The most important decision of all for us was for our kids to be in one of the best academic schools in London and to be able to walk to both public school and highschool in under 10 minutes. A lot goes into choosing a forever home.

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  3. Thought provoking, thank you:) Visiting via #Thriftythursday

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  4. There's a LOT to be said for a smaller home! Less work to clean, less money to heat (we pay 1/4 of what our friends pay for utilities!), lower repair bills, more family togetherness, smaller "carbon footprint" etc.

    You couldn't pay me to live in a large home, after enjoying a smaller one!

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    1. Good to hear! Now we just have to find one. :) But at least I know it can be done.

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  5. I just stopped by to let you know your post is being featured on this week's Fabulously Frugal Thursday party.

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    1. Awesome! Can you send me the link to check it out?

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