micro-apartment skyline
The Saturday Weekly Review

Could I live in a 420sq ft Micro-Apartment?- The Saturday Weekend Review #56

micro-apartment skylineLIVING THE HIGH LIFE IN A SMALL SPACE

 

Living in a small space even if it is a 420 sq micro-apartment that transforms into 8 rooms may be perfect for one person and a nightmare for another.

I love reading about small houses/apartments and how these designers go about taking a small space and transforming it into a living space fit for a King or Queen.

Ok, maybe I’m going too far with that but let’s be honest when you see the video you will be shocked to see how well the designer Graham Hill also the founder of  treehugger.com puts this space efficient apartment together. He will not disappoint you, especially if you don’t mind sleek spaces that are magically transformed.

When faced with a shortage of space these designers have to put their heads together and start thinking outside of the box and to be honest this is when we start to see the real creativity flowing.

Not everyone can handle the functionality of a small apartment like the one in the video below (video removed as it was removed from Yahoo) not only because of the sleek modern use of space but because of the effort involved to live in that space.

 

Even smaller

 

Earlier in 2013 I wrote a post about whether you could handle living in a 230 sq ft home and to be honest this 420sq ft apartment is like living the higher life in New York compared to that home.

Both spaces are equally designed to keep the people who live in the home organized and functional on all levels except this new one is much more up to date and modern especially with the moving walls.

 

Growing up

 

Before I moved to Canada I had lived in some larger houses growing up in the UK and my grandmother she was well-off back in the day and lived in what I would consider a mansion back home.

My parents went on to own some larger homes of their own on some decent sized properties and although I got used to that lifestyle I soon realized the reality of living in the UK when It was my time to own my own piece of property.

Since then they’ve downsized and made use of their money by investing in more properties and renting them out.

The homes have since paid themselves over and have brought them in a nice retirement income that helps pay for their many trips around the world for weeks on end. Life is good.

Living in the UK compared to Canada is much different and although I can make many comparisons housing like in New York is costly and at a premium.

The first flat I bought at age 21 which for many is a young age to begin with was a small space. You get what you pay for in the UK and to be honest all I cared about was that I had my own place.

It was more like a bachelor pad than anything although it was an actual one bedroom one bathroom apartment and not an all-in-one space or as a bachelor apartment might consist of.

It was perfect for me and to be honest it cost me less than it would have if I was to rent a place so why would I have not saved up the money to buy it. Besides if I were to live at home like most of my other mates I’d likely be hanging out in my bedroom most days, out with my mates or working.

Anything is better than a bedroom at your parents house, so I thought. My parents were great to me and I wanted to start my road to financial freedom early and that’s the only reason I left to venture out on my own at such a young age.

I did the math early and checked home prices and it worked for me especially since I would be owing the home on one income. Like the guy in this video I made good use of every inch of the property I owned because it was necessary.

You would find things hiding in every spot in the house but I am meticulous when it comes to keeping an organized space and I don’t keep much around either.

I’m not one for collecting lots of stuff rather I’m the in with the new and out with the old type of guy or I simply just don’t spend money on things I don’t need.

The only things I’ve ever collected was a few cookbooks and carvings from my travels around the world but nothing over the top.

 

Collectors need not apply

 

If you are a person who likes to collect things living in a small space even a 420 sq foot micro-apartment might not only be a struggle for you but you’d literally hate being cooped up in the space.

I’ll admit looking back at my first flat (or condo or apartment whichever you choose to call it) that it was small but I made the most of the space with what I was given to play with just as the guy in this video has done with the design of this apartment.

When I bought my house just a few years later it wasn’t much bigger although it had a second level with 2 bedrooms and a full bathroom.

The lower level had a large lounge, kitchen and small eating area, back gardens and that was it. My house was more like a small apartment with an upper level with sleeping quarters.

Not too much to write home about but again I made use of the space.

 

Our home

 

Even now our home is just right for the two of us but there are many spaces of the home we simply don’t use because it’s too big of a space for us. The intention was to buy just a bit more than we needed so we could start a family and didn’t have to move again.

Living on the main level is just about all we really need because that is where we spend most of our time and to be honest seems like we do live in an apartment.

I think many of us over-think the home buying process and we buy much more than we actually need thus spending more and potentially a bigger mortgage.

Our goal was to buy a space that was reasonable in size and price that we were comfortable with in hopes of paying off our mortgage early and paving the way towards early retirement and living a debt free lifestyle. Not everything in life has to be big and beautiful to be fancy all you need is to be happy with what you have accomplished and the rest will come.

So to answer the question whether I could live in a 420sq ft micro-apartment the answer is, if I had to then yes. Having a roof over my head is better than having no roof at all.

I think we do what we have to to adapt to a living space and unless you have some fear about small spaces or for health or mobility reasons I believe that anyone can adapt if their options are limited.

What about you?

Could you move from living in a larger space to living in a small space like the 420sq ft micro-apartment?

 

Canadian Budget Binder this week

 

If you missed any of my posts from the week here is the list of posts you can catch up on reading!

 

CBB at home and the blog

 

Life has been pretty quiet the past week but with the cold and the snow it’s kept it adventurous none the less. I’ve lived through only 6 winters now in Canada and to be honest this one tops the list of worst winters.

We’ve had a bit of a crazy week in our house and in time I’ll get around to updating you all about how 2014 has been going for us. I’m hoping to make some transformations in 2014 and I can safely say that this year will certainly be a year to remember.

 

Fan deals and inspirations

 

Submit your Brag or Inspiration If you have a brag that you want me to share email me at canadianbudgetbinder (@) [yahoo] [.ca] or fill out my contact form by Friday each week to have your brag considered for the Saturday post.

This week CBB fan Angela M. shares the deals she found while grocery shopping for her family.

 

fan-deal-of-the-weekHi Mr.CBB,

Our best deal last week came from No Frills.

We only purchased a couple of their flyer specials that appealed to us the most.

Blueberries were on for $1 each, which is phenomenal at this time of year (I’ve seen it priced from $2.97 on sale to reg $4.99 recently).

No name whole wheat flour 2 kg was on sale for $1 as well and it’s usually $2.97-$5 depending on the week.

I can say I’ve never paid that little for flour, not even on clearance.

We purchased 1 of the flour since we already have one unopened on our stock shelf.

We purchased 6 blueberries (one is missing from the photo as that got eaten up really quickly).

Total for 7 items: $7

 

 

 Making a difference

 

money-soldiers

Hi, CBB readers.  My name is Arnel and I’m from the Philippines and run the blog called Money Soldiers.

Growing up, I always knew our family had little money. Thrift was instilled in me at a young age. In high school, I started saving money to fund my college education.  I wanted to attend the University of the Philippines.

Being smarter than most folks, I wanted to give myself an advantage in securing a high-paying job by graduating from the top university in my country.

But reality came around. If I wanted to be wealthy, I could not depend just on my salary. Money Soldiers was born because I needed another source of income other than my salary.

For the past 14 months since I started Money Soldiers, I was able to make more money from blogging than from working on my day job as a Civil Engineer.

The extra money I made I am now using to invest. In the near future, I am looking forward to discovering new ways of using money to make more money.

I hope to make a difference with Money Soldiers by inspiring people to take charge of their financial future and realize the immense power they have in their hands to reach financial independence.

I do not wish to change the world, that is the job of Spiderman. Changing one person’s life for the better is enough for me.

For that one person, if I can ignite a tiny spark in his heart and blow the ambers and nurture them into lasting flames of desire for financial literacy and discipline and help him fight for his financial independence, then I’d be happy and know that I have accomplished my goal with Money Soldiers.

Thanks Arnel for sharing your blog with us and your story!- Mr.CBB 🙂

 

What is a blog carnival?

 

Some fans have asked me just what is a blog carnival so a little explanation is due here for anyone reading for the first time or for my long-time fans.

A blog carnival is where a blog or website hosts what we call a carnival of blog posts from around the web. Most blog carnivals have a theme and certain rules for submitting which must be followed.

If you are a blogger and would like to learn what blog carnival directories I submit to each week you can find the information in a previous Saturday Weekend Review post that I wrote.

 

Carnival glory

 

A big thanks to these pages for accepting my blog posts and sharing them in the following carnivals…

 

Google search terms

 

Google-web-search-terms

Every week I get thousands of people visit Canadian Budget Binder because they did a search online and found my blog.

Here are a few of my favorite searches that may have even brought you here and you’re reading this, right now.

  • Speaking out about the $600 a month grocery bill- I have no idea what this is about but it sounds interesting
  • Alberta work for 31 a week for family of four can I survive- I’m going to say… no.
  • Being friendly doesn’t cost a thing– Well said

 

That’s all for this weeks edition of The Saturday Weekend Review #56-Could I live in a 420sq ft Micro Apartment?

Have a great week and catch me here again next Saturday with more updates.

-Mr.CBB

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5 Comments

  1. Wow – that apartment is great!! My only concern with living in something like that, especially once you add kids into the picture, is that there might not be enough personal space, you know? As in, “can ya just leave me alone for awhile?”. 🙂 Happy day to you, Mr. CBB!

    1. That’s just it but when I see a space like that I think for a single person or a couple. You’d have to be a magical genius to add in kids but the reality is many people do it. Like I mentioned it’s not too much smaller than my old house in the UK and it wasn’t too bad space wise.

  2. Quite the interesting place!!! I do not think that would be for me as I do like a little room to move about. It’s very organized but not for me. I do sewing and crafts and do need space to work on things and sometimes leave things out in the open. There is no way I could do it if I’m sharing the space with anyone!!! I need me room….

    1. If I had to I would but I wouldn’t by choice if I didn’t need to although my house was only about 600 sq ft so it’s not that far off.

  3. I could not live in 420sqft, as a family of 4, my 2.5 and 4 year old need room to run. When we bought our house we got a steal!!! $90k, 1 bed, 1 bath in just shy of 1100 sqft, 1 floor living. We then spent $15,000 updating the essentials (plumbing, wiring and roof) and renovations to turn into a 3 bedroom. If we want to move after all that we could’ve turn an amazing profit. But we liked it!!!! We have since rented out that house and moved into my fathers house (2400sqft) to help him with a medical condition. And even with the 5 of us I find it too big, with A LOT of useless space.

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