For anyone who`s graduated or had their kids graduate from college in the last decade, you know that accumulating substantial loans is a very real problem. Graduates are ready to start the rest of their lives, but often find themselves stuck in a seemingly endless cycle of debt as they try to balance loans, rent, and living expenses. If that sounds like a drag, you`re right.
Yet 25-year-old Joel Weber of the University of Texas decided that he wasn`t going to go down that path. To reduce his future expenses, he built himself a 145-square-foot tiny house, complete with electricity and plumbing. This way, he won`t have to deal with paying off loans and paying rent, and may avoid a mortgage later.
In all, Weber spent about $20,000 making his tiny house. He saved up a considerable amount, and the rest came from donations from friends, family, and his community. Weber designed the house himself, and a professional carpenter and an electrician both volunteered time to work with him to realize the design.
He drew inspiration from the natural surroundings.
Weber is currently residing in Dallas, but in August, he and his house will make the move to Austin for the new school year. His home will allow him to avoid spending upwards of $800 per month on living costs, and though the initial cost was greater, Weber is hoping that the house will help him save in the long run. "I may live in it forever, and I`m cool with that; 145 square feet might not be for everybody, and that`s okay," Weber explained. "It`s more about how I can live simple and still be grateful."
Weber`s initiative shows that with a little planning, investing, and a lot of dedication, as well as the support of your community, you really can make your own way in life. You can see more images of Weber`s house on his Facebook page.