Downsizing from a family property to a tiny house can free you from clutter, slash your bills and earn you a lump sum to spend on what really matters, from hobbies to travelling the world. In fact, according to homebuilders Tiny Heirloom, your running costs could drop to between $50 (£38) and $300 (£227) per month. That's a saving of at least $1,300 on the average household costs, according to the Bureau of Labor Statistics. Here's how much money you could free up by living tiny in 2020...