Rudi and Lauren Smith, a couple living in Leeds, found themselves struggling to make ends meet due to the rising cost of living. Their £750-a-month rent, combined with £500 in bills, left them with very little disposable income. They felt trapped and unable to plan for the future.
In 2022, they decided to take a radical step: they bought a 25m by 100m plot of land for £8,000 and a used caravan for £6,000. The caravan, described as ‘tatty’, required extensive renovation, costing them an additional £2,000.
Despite the initial investment, they now live mortgage-free and rent-free, saving a substantial £13,800 per year. Their monthly bills have been slashed to under £100. Rudi, a stone mason, is able to put 90% of his salary into savings, while Lauren, a hospitality worker, covers day-to-day expenses.
The couple acknowledges that their new life isn’t without its challenges. The winters can be cold, and the initial renovation required a lot of hard work. However, they are enjoying the peace and quiet of their remote location and the financial freedom it offers.
Their goal is to use their savings to invest in a motorboat yacht in Spain, which they plan to rent out. They believe this will ultimately free them from working for others.
This couple’s story highlights the possibility of a budget-friendly lifestyle, but it’s not for everyone. It requires significant effort, DIY skills, and a willingness to embrace a different way of living.
