People say ‘ugh’ when I tell them I live in a caravan but I save 90% of my salary
A MAN told how he is constantly judged for living in a caravan, but he said he doesn’t care because he saves 90% of his salary every month.
Rudy said that he is now sacrificing material pleasures so that he will be rich in a few years.
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He posted a photo of his bright green trailer on TikTok and said that people always say “yuck” to him when they find out he lives in a trailer.
However, he added that he is ‘now avoiding material life to speed his way to wealth.’
The TikTokker explained that because he lives in a caravan, he can save 90% of his salary each month, instead of spending it on rent or mortgage.
He said that in this way he could make “20 years of progress in five years.”
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He added that he has been living in the caravan for two years, so he only needs to live there for three more years to reach his savings goals.
The TikTokker explained that he loves living in his caravan, but that there are downsides, such as the freezing winters.
However, he said he installed a wood stove in the caravan to keep it as warm as possible.
Rudy plans to build a house on the land where his trailer is located and sees his temporary home as a “good financial investment.”
His video, which he posted under the username @byrude, has probably impressed many people: the video has already been viewed more than 597,000 times on the video platform.
TikTok users rushed to the video’s comments section to share their thoughts.
Someone said, “We’ve been living in our trailer for a few months now and we love it.”
Another said: “I’ve just moved into a static caravan on the cliffs in South Devon. I absolutely love it.”
A third person said, “I want to do this so bad, I’m tired of the 9-to-5 corporate job.”
Living in a caravan is a great way to save money on a home while still maintaining your independence.
How much does it cost to live in a caravan?
LIVING in a caravan can be an economical and flexible lifestyle choice in the UK. Here is a breakdown of the costs involved:
Initial costs
- Caravan Purchase: £8,000 – £40,000 (depending on size, age and condition)
- Caravan insurance: £200 – £800 per year
Ongoing monthly costs
- Pitch costs: £150 – £600 (varies by location and facilities)
- Utilities (electricity, gas, water): €40 – €120
- Maintenance and repairs: €20 – €80
- Internet and TV: €20 – €50
- Gas for heating/cooking: €15 – €40
Other potential costs
- Waste removal costs: €8 – €25
- Transport costs (when moving): Variable, depending on the distance
- Optional extras (awning, solar panels, etc.): £400 – £1,600 (one-off)
Sample monthly budget
- Pitch costs: €400
- Utilities: €80
- Maintenance and repairs: €40
- Internet and TV: €40
- Gas for heating/cooking: €25
- Total: €585
Annual estimated costs
- Total monthly costs: £585 x 12 = £7,020
- Insurance: €500
- Maintenance and repairs: €480
- Total annual costs: €8,000
Tips to save
- Rates for pitches outside high season: Look for lower rates outside of peak season.
- Performing maintenance yourself: Carry out minor repairs yourself.
- Energy efficiency: Invest in solar panels to reduce energy costs.
Although the initial costs of setting up can be significant, the ongoing costs of living in a caravan are relatively low, making it a viable option for those looking for an affordable and mobile lifestyle in the UK.
As the cost of living continues to rise, more adults are finding it difficult to afford a home and are choosing to stay in their family home longer.
The 2021 census found that more than half of people aged 23 and under still live with their parents.
The average price of a house in the UK was £285,000 in March 2023. This has now risen to a whopping £735,254. For many, this is unaffordable.
Research by the Resolution Foundation also shows that the average deposit for a first home buyer has tripled: from 5 percent of the house price in 1989 to 15 percent in 2019.
This means that buyers have to save for much longer and spend a larger percentage of their income to purchase a home.
Recent research by property website Zoopla found that 42 percent of adults under 40 who do not yet own a home have given up their current home because of the astronomical costs associated with buying a house.
This included 38 per cent of people earning more than £60,000 (almost double the average UK salary).
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