Unconventional lifestyle

Living in a car during your college years can be an unconventional yet rewarding experience. Most university libraries are open 24 hours or until midnight from Monday to Friday, ensuring you always have a place to study or work.

The university gym typically has long operating hours, allowing you to take showers and exercise conveniently. Additionally, every hall or dorm has a laundry room; you can either walk in or have a friend let you in.

The primary challenge of car living near campus is finding a parking spot. You might opt to park far from the main area and bike or skate to campus, as I often do. Alternatively, if you prefer parking closer, purchasing a parking permit is an option.

Let's break down the costs:

Living in a Student Hall/Dorm:

• Rent per year: $700 * 12 = $8,400
• Utilities per year: $100 * 12 = $1,200

Total for one year: $9,600; for four years: $38,400

Living in a Car:

• Second-hand 10-15 year-old Toyota Prius: $6,600
• Car maintenance: $500
• Miscellaneous car fees: $500
• Auto insurance: $150 * 12 = $1,800
• Gas per year (roughly $10 per week): $10 * 52 = $520

First year total: $9,920

Years 2, 3, and 4: ~$3,320 per year; total for four years: $19,880

Which Option is Better for You?

At first glance, living in a car during your first year might not seem significantly cheaper. However, after the initial investment in a used car, the savings become apparent — about $20,000 over four years compared to living in a dorm or apartment.

You could allocate the money saved towards a down payment on a house. Personally, I prefer using the extra funds as a personal development budget.

Investing in your skills is the most rewarding investment you can make.

Give It a Try!

If you're hesitant, why not spend one night in a car and see if you could embark on this journey?

Nothing is too audacious when we're still young.