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I've lived in passenger automobiles for four continuous years. I started in a fullsize pickup and eventually downsized to a hatchback sedan.
Yes, living in your car is worth it, IF you have the right personality type. INTJ is mandatory. If you're the kind of person who finds organizing, optimizing, and simplifying your inventory in RPGs is the most enjoyable part of the game, you just might make it in this life. You must have an obsession with efficiency, nearly infinite tolerance for failure, and the ability to evolve and adapt in ways that most people wouldn't think possible.
The first year is the hardest, and you also won't save any money because you'll be spending it all on gear for your lifestyle. If you can get through the first year, it becomes dramatically easier after that and the savings really start piling up.
The most important thing is to NOT get a full size van or pickup truck. These vehicles are far too expensive to own, drive, and repair. The increase in storage space makes it easier in the short term to downsize your material possessions at a slower pace, but in the long run you will be bringing yourself to the brink of financial ruin, going over 200,000 miles halfway through your loan period, racking up thousands in repair bills, and paying over $100 per week in gas. It is critical to get a small, reliable SUV at the absolute most, and a hatchback sedan is very doable as well if you have the skill. I am an avid outdoorsman with many tools and weapons for every purpose and every season, and I am able to fit them all in my vehicle and sleep in it at the same time without relying on a storage unit. I work at a grocery store but I have over $2000 in completely disposable income every single month. I could survive easily as a part time gas station cashier if I had to. I can move anywhere at any time. I am so comfortable that I no longer even think about my living situation, I am well beyond accustomed to it. This is what's possible.