Thursday, May 5, 2011

I refuse to pay rent.

I was raised with the Monopoly mindset: It does not matter how much money you make or how many times you pass Go, but how much property you own. Wealth lies in two things: Not having to pay rent, and being able to charge others rent.

Think about the amount a person might pay in rent during their lives. For a 2-bedroom apartment, I must pay a minimum of $425 a month, and most people with a good-paying job would spend at least $600 a month. That's $5,100 to $7,200 a year, or up to $72,000 over the next ten years. A pretty decent home could be bought for $72,000. In fact, with the current foreclosures, I've seen shell-homes for as little as $7,500, and livable homes for $17,000.

But with the current mortgage crisis, it's almost impossible to get a loan. Meaning that if you're working minimum wage like me, you must have the money up-front to buy a home. Almost impossible to save $17,000 WHILE paying rent, especially if you're working minimum wage.

Unless you're a college student. I'm offered $20,000 in financial aids and student loans each year. My goal... to be able to buy a home by the time my financial aid comes in in January 2012.

Of course, a $17,000 home in my assets means I will probably no longer be eligible for financial aid, even though I will still be working minimum wage... but ya know whatever. Our economy is designed to keep the working class working, but hopefully with some creative accounting, I can work my way out of this class.

Tuesday, April 5, 2011

Starting over.

Today, our three chickens were brutally massacred. Decapitations, disembowelments, etc. Chickens broken, warranty expired. :(

So we're starting over. Today I put in several rows of corn, and I may go buy some more blueberry bushes later. Hopefully we can get some new lating hens soon.

We're slowly-- slowly but surely-- working our way towards being a self-sustaining homestead.

Wednesday, February 2, 2011

Hi!

My name is Kim and I live on Sunnyslope, a cul-de-sac in a little suburb in the Midwest. Right now it's not particularly sunny, however; We're snowed in. 'We' is me, my 18-month-old daughter, my 3 roommates, our cat Trachea, 2 chihuahuas, and the newborn baby rat chihuahua puppy. We're all going a bit stir crazy (along with everyone else in the Midwest), so we've been doing some indoor gardening. I have some tomatoes and forget-me-nots sprouted. I also had lemon basil but Trachea ate it and I don't think it will recover. I'm waiting on rosemary and squash to sprout. Chelsey is growing roses and Jordan is growing forget-me-nots.

We're getting a head start  so that we'll have some stuff to transplant when it gets warm. We hope to have a pretty sizable vegetable garden this year, along with maybe an herb garden and some berry bushes. My daughter just loves blueberries. :) We're also looking into having a chicken coop for fresh eggs, and a compost bin. We're four college students and I'm a single mom, so anything we can do to save money! lol

This blog will be updated regularly with the status of our garden, pictures, gardening tips, as well as any other helpful articles I can find on frugal and sustainable living. Enjoy! :)