Lots of people try strategies like cutting their household budget and using debt consolidation to pay off what they owe. But when Garrett and Claudia Pennington found themselves with more than $200,000 of debt, they used an unconventional debt management approach to eliminate it: tiny living. Rather than chip away at their debt bit by bit, they downsized from a 1,500-square-foot house to a 536-square-foot, manufactured house to accelerate the process.
Find out how the Penningtons got out from under their mountain of debt. If you're in debt over your head, consider taking the leap to a tiny home — you'll find that living in smaller digs offers many perks.