Friday, July 18, 2014

College Fund or Tiny House?

07/18/2014





Which is a better investment in your babies future? Saving up for their college or building them a tiny house? According to MarketWatch the average amount parents save for their child's education is around $15,000... from collegedata.com
  1. "According to the College Board, the average cost of tuition and fees for the 2013–2014 school year was $30,094 at private colleges, $8,893 for state residents at public colleges, and $22,203 for out-of-state residents attending public universities."

That means that most parents have saved up only enough for a semester at a private college or an associates degree at a public college. Their children will still have to find a way to pay for car expenses and housing unless they are attending a college nearby where they can live at their parents house.

Or instead of saving up for college, you could build them their own tiny house! The tiny house movement is newer but I'm in love with it! Rent across the country averages around $1,200/month, with some places much lower and others MUCH higher! While The average cost of a tiny house seems to be around $23,000 people are proving with some hardwork and thrifty shopping you can do it for much less.

I'm not a parent yet, but when I get there I think that the house might be a better option. It is nice to know your child will never have to worry about being homeless! 

Fun Tiny House Links:
http://homestead-honey.com/2014/03/24/cost-to-build-a-tiny-house/
http://blogs.dallasobserver.com/mixmaster/2013/06/tiny_houses_workshop.php
http://tinyhouselistings.com/how-we-paid-cash-for-our-tiny-house/
http://www.treehugger.com/green-architecture/teen-finishes-130-sq-ft-mortgage-free-home.html