June 10, 2008

RV Budgets. Cost Of Full Time RVing

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 ==============================

1 comments:

Jaimie Hall Bruzenak said...

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