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Does the American dream require a big American home?

February 2, 2023 by Brett Tams

This is a guest post from Steve Adcock, who writes at Think Save Retire, a blog about early retirement and Financial Independence. Steve and his wife retired in their mid-thirties to travel full time in an Airstream trailer. For more info, check out their YouTube channel.

One of the most deeply-embedded pieces of the “American Dream” is the desire for a large, spacious home with lots of sitting rooms, corners, nooks, and crannies. Large dining rooms and other entertainment spaces! Wrap-around porches! Two- or three-stall garages and one heck of a master suite!

To many of us, a large home is a mark of success. A big house indicate status, and the more space we’re able to call our own, the more successful we look and feel.

But, what if I told you that most of us don’t use even a fraction of that space? That’s not just me talking. A research team affiliated with the University of California studied American families and where they hung out the most inside their homes, how (and where) clutter builds, and the general stress level associated with living big.

The findings were overwhelming: The majority of the space in our homes is wasted.

How We Use Our Homes

As J.D. shared on Saturday, researchers at UCLA conducted a detailed study of 32 dual-income families living in the Los Angeles area, one of the first studies to document so vividly how we interact with the things for which we’ve paid good money. The findings were not pretty. In fact, they helped prove how little we use our big homes for things other than clutter or objects that hold little intrinsic value.

From the press release:

The researchers doggedly videotaped the activities of family members, tracked their every move with position-locating devices and documented their homes, yards and activities with reams and reams of photographs. They asked family members to narrate videotaped tours of their homes and took measurements at regular intervals of stress hormones via saliva samples.

When I originally wrote about the study, I took special note of where families spent the large majority of their time. In the following UCLA-published diagram of one family that was studied, we can easily observe a truth that’s probably common among so many of us: We tend to congregate around two primary areas of the home: food preparation/eating and television.

Time spent in the home

While this diagram only represents a single family, the results of the study suggest that this family is very typical of most of those studied, and the majority of traditional homes.

Posted in: Home Buying, VA Loans Tagged: 1970s, 2016, advice, air, All, American Dream, Appreciate, bathroom, bed, bedroom, Bedrooms, beds, before, big, bigger homes, Blog, Built, Buy, buy a home, Buying, california, car, cars, Census Bureau, city, Clean, cleaning, clutter, consumption, cost, couch, country, data, desk, dining, dining room, dogs, downsizing, dream, driveway, Early retirement, Emotions, entertaining, Entertainment, expensive, experience, Family, financial independence, Financial Wize, FinancialWize, food, Fraction, furniture, General, good, Grow, guest, guest post, Happiness, heating, hold, home, Home & Garden, home buying, home size, homes, house, Housing, Income, internet, jobs, kitchen, kitchens, Life, Live, maintenance, Make, money, More, Mortgage, Mortgages, Move, needs, neighborhoods, new, office, Other, park, payments, pinterest, pool, porch, pretty, protect, relentless, Rent, Research, retirement, risk, room, RV, save, security, Sell, shopping, shower, single, single-family, sinks, small space, space, Spending, story, stress, suite, summer, tax, television, time, title, tour, traditional, traditional homes, Travel, U.S. Census Bureau, unique, value, Video, wealth, will, work, youtube

Credit Card Data

February 1, 2023 by Brett Tams

NerdWallet’s credit card research team spends thousands of hours a year poring over data to spot trends, opportunities and dangers for consumers.

Posted in: Credit Cards, Moving Guide Tagged: 2016, 2021, 2022, All, analysis, assets, average, bad credit, Banking, before, big, Blog, bonuses, book, build, Census Bureau, Consumers, cost, Cost of Living, covid, COVID-19, COVID-19 pandemic, Credit, credit card, Credit Card Data, Credit Card Debt, credit cards, credit history, currency, data, Debt, drives, exercise, expenses, expensive, Fall, Federal Reserve, Fees, finances, Financial Wize, FinancialWize, Forbearance, fraud, future, government, great, Grow, growth, helpful, history, household, household debt, household income, Income, industry, Inflation, interest, interest rates, list, loan, Loan Forbearance, Loans, low, market, Medical, Medical debt, miles, millennials, More, Mortgages, nerdwallet, offers, Other, pandemic, payments, Planning, points, poor, programs, Psychology, Rates, Recession, Research, returns, rewards, simple, Spending, Spring, student, student loan, Student Loans, studying, summer, surveys, time, Travel, Travel Cards, Travel Credit Cards, trends, U.S. Census Bureau, value, will, winter, work, wrong

Smaller Can Be Better- Maximize Your Savings With A Small House

January 31, 2023 by Brett Tams

Hi, I’m Ariel, Michelle’s sister-in-law and editor. I’ve been editing and learning from Michelle’s blog for over two years now, and if you’ve read any of the posts I’ve written for Michelle, you know I’m conscious about my savings and spending. I have a degree in English Literature, and I make a living as an […]

The post Smaller Can Be Better- Maximize Your Savings With A Small House appeared first on Making Sense Of Cents.

Posted in: Debt, Home Tagged: 2, affordable, All, appliances, ask, at home, average, basement, basic, bathroom, bedroom, Bedrooms, before, big, Blog, brick, Budget, building, Built, Buy, Buying, Buying a Home, cats, Census Bureau, cents, childhood home, Children, city, Clothes, clutter, collecting, condo, cost, Credit, credit card, Credit Card Debt, credit scores, data, Debt, decades, decision, decorating, dogs, downsizing, Downsizing your home, dream, efficient, Emergency, Emergency Fund, energy, environmentally friendly, experience, Family, farmhouse, finances, Financial Wize, FinancialWize, first home, floor, friendly, fund, furniture, garage, goal, good, great, Grow, guests, heat, holiday, holiday decorations, home, home building, Home Improvement, homeowners, homeownership, homes, house, How To, impact, improvement, improvements, Income, Inspiration, jobs, kids, laundry, Laundry Room, Law, Life, Lifestyle, lighting, Live, living room, low, LOWER, Make, making, mindset, minimalism, Minimalist, Minimalist Lifestyle, modern, money, mopeds, More, more money, Mortgage, Move, Moving, natural, new, News, organization, organize, Other, painting, Personal, pets, pinterest, pretty, Purchase, quality, Raise, ready, Research, room, rugs, RV, save, Saving, savings, School, second, Sell, simple, sleep, small house, solar panels, space, Spending, Spending Less, square footage, stable, stewardship, storage, storage solutions, summer, time, title, Travel, trends, tv, U.S. Census Bureau, under, updates, utilities, will, windows, work, working, Yard

Want To Live Your Best Life? It Starts With Saving

January 30, 2023 by Brett Tams

Let’s get this out of the way first – saving your money is one of the best things you can do for yourself. And, the financial security that comes from learning to save your money means you’re able to pursue your passions, try new things, and jump on whatever adventure comes your way. So, why […]

The post Want To Live Your Best Life? It Starts With Saving appeared first on Making Sense Of Cents.

Posted in: Debt, Home Tagged: 2, 2016, adventure, All, Alternatives, Amount Of Money, analysis, average, balance, Bank, bank account, bigger homes, Blog, Budget, build, Buy, Buying, Cable TV, Census Bureau, cents, Choices, clutter, Compound, Compound Interest, cost, couch, data, Debt, Early retirement, earning, Emergency, Emergency Fund, expensive, Family, Finance, Financial Wize, FinancialWize, frugal, Frugality, fun, fund, funds, goal, Graphic, great, Happiness, healthy, hold, home, homes, household, How To, how to save money, impact, Income, Inflation, interest, Investing, investments, items, job, jobs, jump, Learn, Legal, Life, Lifestyle, lifestyle inflation, Live, Make, making, Making Money, math, Medical, mindset, Mint, mint.com, money, More, more money, Music, myths, natural, new, offer, Opinion, Other, paycheck, paycheck to paycheck, Personal, personal finance, pretty, Purchase, quality, rate, retirement, retirement savings, right, RV, save, Save Money, Save your money, Saving, saving money, savings, savings goal, second, security, simple, Simplifying, smart, Spending, Spending Less, Start Saving, states, stress, time, title, tv, U.S. Census Bureau, united, vacations, wants, Ways to Save, will, work, working

What is a Virtual Credit Card?

January 30, 2023 by Brett Tams

Online shopping has opened up a new world of convenience for busy multitaskers and shopaholics alike. The U.S. Census Bureau reported a 3.9% increase in e-Commerce sales in the second quarter of 2018, bringing online sales to $127.3 billion. With services offering to deliver your groceries, toiletries, and revamp your closet – it’s hard to

The post What is a Virtual Credit Card? appeared first on MintLife Blog.

Posted in: Find An Apartment Tagged: 2, 2021, 2022, action, advice, Applications, ask, author, Bank, before, best travel, black, Blog, capital one, Census Bureau, Closet, color, commission, company, Consumer Financial Protection Bureau, Consumers, Convenience, Credit, Credit & Credit Cards, credit card, credit card account, credit card company, credit card fraud, Credit Card Reviews, credit cards, credit fraud, credit freeze, Credit Info, Credit Report, credit score, data, data breach, Data breaches, Debit Card, education, experience, finances, Financial Goals, Financial Planning, Financial Wize, FinancialWize, fraud, fraud alert, goals, good, good credit, government, groceries, guide, health, helpful, holiday, impact, Income, layout, Learn, Life, list, Make, making, man, marriott, Mint, mint blog, mint.com, mobile, money, More, new, News, offer, online purchases, online shopping, Other, party, plan, Planning, Popular, present, protect, protection, Purchase, questions, ready, Research, return, Review, Reviews, rewards, rewards credit cards, right, risk, sales, save, scams, second, shopping, single, Software, Spending, statistics, Style, Technology, theft, time, tips, title, tools, Transaction, TransUnion, Travel, travel rewards credit cards, U.S. Census Bureau, under, unique, update, updates, virtual, white, will

What Is the PCE?

January 29, 2023 by Brett Tams

The index tracks how much consumers are spending on goods and services. It’s frequently used to measure inflation.

Posted in: Moving Guide, Personal Finance Tagged: 2, 2023, All, assets, Blog, Bureau of Labor Statistics, Buying, Census Bureau, Clothing, Consumer Price Index, Consumers, consumption, currency, data, employer, expenses, experience, Fall, Federal Reserve, Finance, Financial Wize, FinancialWize, food, furniture, gas, gas prices, government, habits, health, Health care, household, Housing, Income, index, Inflation, Insurance, items, Life, list, Medical, nerdwallet, Personal, personal finance, programs, Purchase, rate, Regulatory, rural, Spending, statistics, survey, surveys, taxes, time, U.S. Census Bureau, update, updates, utilities, value, vehicles, will

How to Check Your 401(k)

January 28, 2023 by Brett Tams

The 401(k) plan is the largest asset many investors own accounting for 36.2% of their total net worth according to the U.S. Census Bureau. Regularly checking your 401(k) account can help you stay on top of your investments, and make sure that your money is working for you in the best way possible. What is […]

The post How to Check Your 401(k) appeared first on Good Financial Cents®.

Posted in: Retirement, Starting A Family Tagged: 2, 2021, 2022, 2023, 401(k) plan, 401(k)s, 401k, AAMS, Accredited Asset Management Specialist, advisor, All, app, author, balance, before, Benefits, Blog, blue, bonds, book, Budgeting, budgeting tools, business, Census Bureau, cents, changing jobs, color, commission, cost, custom, data, disclosure, earnings, employee benefits, entry, ETFs, expenses, experts, Featured, Fees, Finance, finances, Financial Advisor, Financial Freedom, Financial Goals, financial management, Financial Wize, FinancialWize, freedom, funds, goals, good, Google, government, great, green, Grow, growth, historical, How To, Illinois, Income, Investing, investment, investment performance, investments, investors, IRA, irs, items, jobs, Learn, library, Life, list, Main, Make, making, money, More, mutual funds, net worth, new, offer, opportunity, Other, paycheck, pension, Personal, personal finance, plan, planner, Planning, podcast, Popular, Purchase, questions, Research, retire early, retirement, retirement funds, Retirement Income, Retirement Planning, retirement savings, Review, right, risk, roth, save, Saving, savings, Savings Goals, savings plan, science, SEC, security, selling, simple, single, stocks, target, tax, tax-advantaged, taxes, time, title, tools, tracking, U.S. Census Bureau, value, Video, wealth, wealth management, will, work, working, youtube

Best Mortgage Rates in Rochester, NY

January 28, 2023 by Brett Tams

Like many U.S. housing markets, Rochester, New York, has been facing a gradual decline in home sales due to a general shortage in the number of properties available. Research from the Greater Rochester Association of Realtors indicates that closed sales volume decreased by 2.9 percent in 2018 following a 1.4 percent decline in 2017. While […]

The post Best Mortgage Rates in Rochester, NY appeared first on Good Financial Cents®.

Posted in: Home, Loans Tagged: 15-year, 2, 2021, 429, AAMS, Accredited Asset Management Specialist, ad, advice, advisor, affordable, Alabama, AllY, Appraisals, Arizona, Arkansas, author, Bank, before, Benefits, Blog, blue, book, building, business, buyer, Buying, california, Census Bureau, cents, CFPB, closing, closing costs, color, Colorado, commission, Competition, Connecticut, Consumer Financial Protection Bureau, Consumers, cost, country, Credit, credit score, custom, customer service, data, Deals, Debt, disclosure, down payment, efficient, entry, expenses, experts, Featured, Fees, Finance, Financial Advisor, Financial Freedom, Financial Wize, FinancialWize, Florida, freedom, funds, General, Georgia, Giving, good, Google, government, green, guide, hawaii, home, Home Sales, Homebuyers, homeownership, homes, Housing, Housing markets, idaho, Illinois, impact, improvements, indiana, Insurance, interest, interest rate, interest rates, investment, journey, Learn, lenders, lending, Life, list, loan, Loans, Local, louisiana, low, low mortgage rates, LOWER, Main, maine, Make, making, market, markets, Maryland, Massachusetts, median sale price, Michigan, mississippi, missouri, money, montana, More, Mortgage, MORTGAGE RATE, Mortgage Rates, Mortgages, nebraska, needs, Nevada, new, new home, New Jersey, new york, north carolina, offer, offers, Oregon, Other, ownership, payments, Personal, personal finance, planner, Planning, podcast, points, present, principal, programs, property, protection, Purchase, Quotes, rate, Rates, Realtors, refinancing, Research, retirement, Retirement Planning, right, risk, sales, save, savings, science, searching, SEC, seller, selling, shopping, shortage, simple, South Carolina, south dakota, specialty, Style, Tennessee, texas, time, tools, town, U.S. Census Bureau, under, Utah, value, virginia, volume, washington, Washington DC, wealth, wealth management, will, Wisconsin, work, youtube

Homebuilders still need lower mortgage rates

January 27, 2023 by Brett Tams

How are homebuilders positioned heading into spring? It’s all about mortgage rates as they move through a backlog of unfinished homes.

Posted in: Mortgage, Mortgage Rates, Refinance Tagged: 10-year yield, 2, 2021, 2022, active, All, balance, balance sheet, Behavior, bond, bond yields, Books, build, builders, business, buyers, Census Bureau, construction, crash, data, Deals, Department of Housing and Urban Development, efficient, existing, Existing home sales, expensive, Family, Financial Wize, FinancialWize, good, growth, historical, history, home, Home Sales, Homebuilder confidence, Homebuilders, Homeowner, homeowners, homes, house, Housing, housing crash, Housing inventory, Housing market, Housing permits, index, inventory, investors, Listings, low, LOWER, Make, making, market, model, money, More, Mortgage, Mortgage Rates, Move, Moving, NAR, new, new home, new home sales, Other, Permits, points, products, rate, Rates, ready, Reverse, sales, second, Sell, sellers, single, single-family, Spring, spring housing market, stock, stocks, story, time, U.S. Census Bureau, under, will, work

Optimism spreads after new home sales climb in December

January 27, 2023 by Brett Tams

Mortgage rates are falling and builders are offering incentives to buyers, but that wasn’t enough to prop up new home sales in 2022. 

Posted in: Mortgage, Mortgage Rates, Real Estate Tagged: 2, 2021, 2022, 30-year, 30-year mortgage, 30-year mortgage rate, affordability, All, Applications, before, Builder Sentiment, builders, buyers, Buying, Census Bureau, construction, cost, data, DEPARTMENT OF HOUSING AND URBAN AND DEVELOPMENT, Department of Housing and Urban Development, Economy, entry, Fall, Family, Financial Wize, FinancialWize, home, home builders, home market, home prices, Home Sales, Homebuilders, homeownership, homes, Housing, Housing market, Housing Starts, HUD, Joel Kan, LOWER, market, MBA, More, Mortgage, mortgage applications, Mortgage Bankers Association, MORTGAGE RATE, Mortgage Rates, Mortgages, nerdwallet, new, new construction, new home, new home sales, offer, pandemic, president, rate, Rates, Real Estate, Residential, sales, shopping, single, single-family, SINGLE-FAMILY HOUSING STARTS, Spring, trend, trends, U.S. Census Bureau, will, winter, Zillow
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