RV Budgets. Cost Of Full Time RVing
Full time RVing is cheaper than owning a house, especially if your RV is paid for. You won't have any property taxes, utility bills, (except for propane) or mortgage payments. However we must still do our budgeting. Full Timers have two choices. They can stay long periods of time in one park or they can stay in a different park each night. Most Parks have lower rates if your stay is weekly or monthly. If you want to travel constantly you'll have to budget for the price of gasoline or diesel as well.
As to the rig you chose you may have the extra cost of a new tow vehicle as well as a tow package. You can also spend money on adding other options or equipment to your rig. This, of course, will depend on your life style and where you want to go. Full Timers who still maintain a permanent structure along with their RV will spend more per month than those whose only living space is their RV.
I hope the following worksheet is beneficial to you. I tried to cover everything, but if your budget is different from mine, feel free to add items not listed and cross off any items that are not applicable to you. This is a plain Jane budget and is only a guideline. I hope it is of benefit to those of you considering going full time.
Savings $____________
Campground fees ____________
Cell phone _____________
Internet _____________
Satellite _____________
Insurance RV _____________
Auto _____________
Health _____________
Life _____________
Roadside Assistance ___________
Credit cards ____________
Storage ____________
Tags RV ____________
Car _____________
Inspection RV _____________
Car ______________
Fuel cost RV ________________
Car ________________
Propane _______________
Road Tolls _______________
Credit cards _______________
Vehicle Payment
RV __________________
Car ___________________
Monthly maintenance
RV __________________
Car ___________________
Medical
Doctor ___________________
Medicare ___________________
Prescriptions ______________
Prescription Ins. __________
Food
Groceries ________________
Eating out ________________
Incidentals Entertainment _____________
Clothing __________________
Sightseeing _______________
Gifts _____________________
Subscriptions _______________
Emergency fund
Repairs ___________________
Medical ____________________
Prescriptions _______________
Grand Total ==============================
June 10, 2008
RV Budgets. Cost Of Full Time RVing
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Trailer Life Advice
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1 comments:
Pretty comprehensive list. The only thing I would add is taxes (darn!). For those not yet on the road, you can get a ballpark figure for RV insurance with instant or overnight quotes from the major RV insurers at their Web sites. (Progressive, Foremost and Anon Recreation)
With the price of fuel being so high, it's good to know what you are spending in each area. Some areas like spending for RV parks and eating out can be controlled, giving you more to spend on fuel and other areas.
Jaimie Hall Bruzenak
author of Support Your RV Lifestyle and other RV books
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