Living at work to save money

How to avoid signing your life over to a mortgage
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fizban
Posts: 2
Joined: Wed Nov 16, 2016 11:49 pm

Living at work to save money

Post by fizban » Sun Jan 15, 2017 5:13 pm

Hey everybody,
I've been a long-time lurker here, but this is my first post. As some basic information I'm fairly frugal, but more on the MMM side than alot here. I generally have a 50-60% savings rate (after taxes). I have a few reasonably expensive hobbies that I'd like to keep, but I really feel like money spent on housing is wasted money due to how little time I spend there.

I'm currently spending about $400/mo including utilities while sharing an apartment. I'll be moving out end of March. I was lining up to buy a duplex that would allow me to live extremely cheaply, but that looks to have fallen through. Living costs could be as low as $300/mo renting a room off of craigslist up to $550 for a cheap 1-Bedroom apartment (costs including utilities).

I run my own small business (w/ several employees) from a rented warehouse. Has a standard Half bath. My landlord leaves me pretty much alone. I have a very small camper that is currently outside. It does leak a little water currently. It could be brought inside and set out of the way for me to live in or left outside and fixed or covered w/ roof.

I do live in a temperature climate (ave. high about 40F). Costs would be minimal for living at the warehouse (maybe $600/year). There is some chance I could get in trouble w/ landlord or fire marshall or otherwise, but I'm hoping to keep it a bit hidden or low-key.

Any thoughts?

mfi
Posts: 93
Joined: Sun Jul 29, 2012 10:27 pm

Re: Living at work to save money

Post by mfi » Sun Jan 15, 2017 5:38 pm

Commit for a trial period at the end of your current lease. If you like it, you'll make it work and get to FI much faster. If you don't like it, you can always go back to your current arrangement and will not second guess yourself going forward.

OTCW
Posts: 238
Joined: Thu Mar 31, 2011 12:55 am

Re: Living at work to save money

Post by OTCW » Sun Jan 15, 2017 5:44 pm

Does the warehouse have a fire protection (sprinkler) system? I'd probably lean towards leaving the camper outside in either case. Like the above post says, see if you like it.

fizban
Posts: 2
Joined: Wed Nov 16, 2016 11:49 pm

Re: Living at work to save money

Post by fizban » Sun Jan 15, 2017 6:16 pm

No sprinkler system in the work. I'd see where a fire in the camper could be bad, as my insurance may not cover any damage caused by it. Hopefully if it was outside it wouldn't actually burn down the warehouse if it did go up. I'm looking at some 5th wheels, but not sure if I want to go that big really.

James_0011
Posts: 264
Joined: Wed Nov 09, 2016 12:00 am

Re: Living at work to save money

Post by James_0011 » Mon Jan 16, 2017 5:30 pm

I totally would do it if I had the option.Who cares about the landlord? Just lie if they ask you about it.

Toska2
Posts: 201
Joined: Fri Nov 20, 2015 8:51 pm

Re: Living at work to save money

Post by Toska2 » Tue Jan 17, 2017 6:03 am

Make a nook in the warehouse sans camper. Use YMCA for showers.

ducknalddon
Posts: 180
Joined: Fri May 20, 2016 5:55 am

Re: Living at work to save money

Post by ducknalddon » Tue Jan 17, 2017 6:32 am

The only thing I would say is living and working in the same place can bring it's own problems. I work from home but force myself to go out every day otherwise I'd go bananas. I guess it depends on the nature of your work.

James_0011
Posts: 264
Joined: Wed Nov 09, 2016 12:00 am

Re: Living at work to save money

Post by James_0011 » Tue Jan 17, 2017 7:10 am

ducknalddon wrote:The only thing I would say is living and working in the same place can bring it's own problems. I work from home but force myself to go out every day otherwise I'd go bananas. I guess it depends on the nature of your work.
what do you do if you don't mind me asking?

ducknalddon
Posts: 180
Joined: Fri May 20, 2016 5:55 am

Re: Living at work to save money

Post by ducknalddon » Tue Jan 17, 2017 10:11 am

James_0011 wrote:
ducknalddon wrote:The only thing I would say is living and working in the same place can bring it's own problems. I work from home but force myself to go out every day otherwise I'd go bananas. I guess it depends on the nature of your work.
what do you do if you don't mind me asking?
I run a small software business.

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