Posted in Musing & Stories

Moving! Pt 3- Hypothetical Homesteading

How can we plan for retirement with very little savings; and get our homestead sooner?

SO HERE’S THE GRAND PLAN {HA! as if those ever worked out…}

Also! “How we saved the Down Payment in two years”

  • Vibrant Rose
    Almost time to plant!

    $75k Budget for HOMESTEAD over 18-24 months.

  1. Spring 2019
  2. $5-6k- Used truck
  3. $27-33k- Raw Land- (+/- 2 acres)
  4. July/August
  5. $8k- Used Travel Trailer
  6. MOVE onto land
  7. $500/mo. Savings!!
  8. Autumn ’19
  9. $2-3k- DIY Shed, Generator, Wood stove, Livestock/Garden prep.
  10. Spring/Summer 2020
  11. $10k- Well/septic/block foundation/electric hook up/permits etc.
  12. Autumn 2020
  13. $12-18k- Used Single wide MH 3bd/2bth {actually bigger than what I have now!}

After extensive research: we nixed the notion of a Pre-fab cabin, yurt

viewfromthetruck falltrees-jsm

or modular kit as a year-round residence. A tiny house under 400sf would suck long term. We lived 2 yrs on the truck… just ask me anything about teeeeny living... O.o

Prefab Kit builds over 600sf: Adding any electrical, plumbing, etc. is pricey. Though we’re still considering a tiny ‘something’ as a guest room or AirBnB, but not for a couple years.

Manufactured Homes: Why yes! I have spent weeks researching every tidbit. Craigslist. LandWatch. AutoTrader and RVTrader. Finally, we found one used MH dealer Homenation.com (by state). ALSO Factory Direct.

 

A pot of turkey hash feeds a big family.

Land Loans {and/or rolled into a  ‘Land/Home’ next year}: Most require 20% down payment. Pre-Approved is not the same as Pre-Qualified. 

  • HOW WE SAVED THE MONEY:
  • Baseline figures: 20% x $33,000=$6,600.
  • Down payment:
    • [1 year: $132.00 x 50 weeks]
    • [2 years: $66.00 x 100 weeks]
  • OUR 2 year method: $50 weekly; [Feb. 2017-2019]
    • then added: bonuses, overtime, tax returns.
  • Top money saving tips:
    • Write out a budget. Say “no more stuff.” Repeat often.
    • Secondhand only, DIY or do without.
    • Plan less trips to the store. Plan meals around sales.
    • Get a side gig. Use your skills.
      • Upwork, Thumbtack or Taskrabbit
      • Or find free courses to learn new skills.
      • [I walk dogs and Mturk in between writing & merch]

OUR #1 prerequisite for all of this — It all must be paid for in 8 years. Hubby retires in 10. Thus why we’re doing this in increments, and saving additional money by holding over this winter [and budgeted for] a travel trailer.

Other considerations: Grid-tied for health reasons. Yet enough land to sustain a simple, back-to-basics lifestyle. Close to our jobs. Close to daughter’s family AND close to my Dad. Must have trees and a good stretch between neighbors. 😀

Frugal now; peace of mind later, Friends and Confidantes – Grandma Auburn

#homesteading #retirement #budget #truckerswife
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