1. We have made it a goal to become debt free ASAP.
2. It is very important to my little family that we stay together as a family.
First things first, for those of you who have not learned about Dave Ramsey, I highly recommend visiting his WEBSITE and learning more about the journey to financial freedom! We are currently working on the baby steps and trying to become completely debt free. It is amazing how easy it was for us to give up all of our worldly things and move into our camping trailer. Yes it was hard at first, but keeping the end goal in mind made it a lot easier. I want to share with you a spreadsheet of the difference between our cost while living in our 1,900 sq. foot house vs. our expenses now in a fifth wheel, which will explain how this lifestyle is helping us achieve our goal of becoming debt free!
House (2013) RV (2014)
Mortgage $1200 RV Payment $250
Electric $100 Site Rent $300
Water $100 Maint. $50
Garbage $20 Insurance $10
Yard Maint. $50 Propane $50
House Maint. $50
Total: $1,575 Total: $660
The difference is $915 a month! Now I know moving into an RV is not an option for everyone. There were several events that led up to us making the decisions that we did. There are, however, several ways that those who do not live in an RV can still cut back and save enormously!
Several things that we did before moving into the trailer to increase our savings were; Introducing the Envelope System, disconnecting TV and Internet services, cutting up our credit cards to prevent spending, sell the things you do not need or can go without, etc. Also visit my post on Lower Your Grocery Bill, which might help you save more than you'd think. It seems harsh, but if you really desire debt freedom, it will be well worth it! Since starting this journey we have paid off 3 credit cards, a cargo trailer loan, and a car loan.
To address the second reason... My husband is an Apprentice Power Lineman. This is a job that requires A LOT of traveling. He started his apprenticeship in January of 2014 (15 months ago) and we have currently moved 9 times! Why you ask? The company he works for builds power lines that stretch across entire states. So as they progress, we move along the power line, reducing everyones commute to work.
There are several families in this line of work who send their husbands out so that they can work, keep kids in school, stay close to family, etc. However, we have chosen that for our family we prefer to stay together. Our son is young and we are enjoying traveling! We are constantly meeting new people, seeing exciting things, and learning so much. This lifestyle is not for everyone, but it is something that we love.
Sure we could always rent an apartment or house on a month to month lease. It would not be easy, however, to pack up boxes and a U-Haul every few months and try to find the next place to live. Our "home" is always ready to go. Which I find extremely convenient when my husband comes home on Friday or Saturday night and informs me that we are to be moved and ready to work at the next site on Monday morning!
I really hope this has helped to understand our crazy life and why we do it. I also hope it has inspired others to make it a life goal to become debt free and enjoy the freedoms that it can provide! Thanks for letting me share, and as always, I would love to hear your input, thoughts, and ideas!