My husband and I are planning to transition to full-time RV living in the next 2.5-4.5 years once our oldest kids graduate high school (youngest will come with us and homeschool). We are concerned our biggest expense will be self funded health insurance. In your financial reports you say you haven’t purchased health insurance. What about now that Obamacare penalizes you on your taxes? Have you still chosen not to purchase health insurance and take the penalty or have you found a more affordable option? We have some medical expenses so likely couldn’t go completely uninsured. Hubby is considering a remote work job with benefits for this reason but really we’d like to travel for 1 full year without huge work commitments then do something like seasonal park ranger half the year and travel the rest of the year. Any advice or insight in this area would be awesome! Thanks for sharing your financial information. It is very helpful!
It’s no secret that the RV lifestyle is growing in popularity. Between 2010 and 2014, as the economy began to recover from the 2008 crisis, the RV industry grew by a whopping 115%. From Millennials to Baby Boomers, people all over the US are saying YES to a life of adventure. But for those who haven’t taken the plunge yet, one question often remains: How much money will I need to become (and stay) a fulltime RVer?
We are with Progressive Insurance. It helps that we have been with them for 10 years now through various vehicles, have no traffic infractions, and have not once relied on our deductible. Other than that though Jerry (which is comparable to your history) I don’t know. We don’t use an agent but rather deal directly with the insurance company, we are a one-car household, and keep low miles (by their standards).
Groceries – This figure can vary based on location as the cost of living fluctuates by region and if you are near metropolitan areas or tourist attractions. In addition, taxes can vary. Note: You may choose to put household items like cleaners, shampoo, dish soap, etc. as a separate line item. Since we purchase them with our groceries, we just include them here.
Hi Jill, I pinned a picture you have on pinterest. Bright orange poppies with LOTS of ruffled petals. Love them!! My grandmother had them in her yard when I was a child. I cannot seem to find any seeds like them for sale. All other types of poppies but not these. Interested in selling a handfull? Please le me know. I will pay for the seeds, the envelope, postage and your time!!
$2,500 Insurance: Includes RV insurance, Car insurance, Life Insurance, Renter’s Insurance (to cover our belongings at home), Jewelry Insurance, and a Rider policy for camera/computer gear. We switched to State Farm Insurance halfway through the year and it saved us nearly $75+ per month vs. Geico and Progressive. We do not currently have health insurance, I know don’t yell at us… (est. savings $900)
We already knew we enjoyed Vermont having traveled up to the southern part of the state a few times when living in the area. But we were still surprised by how much we enjoyed Burlington once we got up there. We only had a few weeks, but could have easily spent the whole summer there. It really seems to come alive and Vermonters make the most out of the season. Brandon was able to dive Lake Champlain multiple times and explore a wreck only a handful of people had seen before. And seriously, we're out of maple syrup, so we may need to go back this year.
Wow..we have been following your post since we saw the special on TV. Was hoping to get some information on RV-ing, but did not know you would provide great detailed information. We hope to start traveling in about 5 years and the cost have been on our minds alot this year. Your expense details really help us. Hope to see you on the road sooner than 5 years. Thanks for the posts.
28. RVing teaches you to fix things. I hoped I was going to be rich enough to pay a mechanic all the time. That strategy hasn’t worked out for me yet, so now I know how to flush my radiator, fix my generator, check gauges, and a lot of other manly stuff I couldn’t do before. I even recently outfitted our Honda CR-V for proper towing, Dad would be proud.
12. Consider how many people will be with you. Many people who RV full time are married couples who have retired. However, there is an ever-increasing population of couples with families who are hitting the road. Regarding the latter, you need to keep in mind that in addition to having less space for belongings, there is also less space for privacy. Learning to live together, and get along, is an absolute necessity and if that isn’t possible, it’s time to rethink your decision. One way around this is to make sure your rig is big enough to assign certain areas for certain children and their belongings, off limits to siblings. That personal space can mean the world to some people.
Hey there! We are Kelan & Brittany, high school sweethearts obsessed with personal finance and on a mission to help families learn how to budget their money, save like crazy, and find unique ways to make money from home. After Kelan quit his job to become a full-time personal finance blogger we have been featured on sites like USA Today, The Penny Hoarder, Bankrate, Credit Cards, Discover, Nerd Wallet, Rockstar Finance, Life Lock, Making Sense of Cents, Millennial Money Man, and many more.
As an example, before we started our RVing journey we lived CA which is a very high cost state both for income taxes, RV/car registration and insurance. When we went fulltime we severed our ties with CA and switched our domicile to SD which reduced those expenses significantly. Our state income tax went from one of the highest in the nation to ZERO while our RV/car registration dropped by around a factor of 5! Talk about instant savings!
In between the pop-up and Gateway, we had a 35’ Cedar Creek fifth wheel. It was really great but the big boys really wanted more space if we were going to keep full timing and I was kinda tired of the small kitchen counter. The one thing we loved about the Cedar Creek was the shorter length opened up more camping options. Many parks have 35’ length restrictions and we fit in a lot of driveways. The Gateway at 41’ no longer fit in my or Brent’s parents driveway and occasionally we couldn’t stay in some parks because it was too big. We don’t regret purchasing the Gateway and would buy it over again if we were full time RVing but now that we aren’t, we are looking for something shorter so we have more options.
We are a very young family, basically just at the point of settling down. We met travelling in South America, made a baby and that’s where it all began 🙂 the more we’re figuring out details about settling down, the more we really don’t want that lifestyle. So we might as well just keep travelling, and seeing your stories is so supporting because it seems possible and safe and feasible an fun and fine…
Choose campgrounds and RV parks that only have amenities you plan to take advantage of during your stay. Generally, the more services and amenities a campground has, the more it's going to cost. Campsite fees don't have to break the bank. State parks are a great low-cost option, as are many RV parks. Look here to find a campground or consider travel apps to help you find the campground that best suits your need.
We have two dogs who are ages 10 and 12, and thankfully both are still very healthy. These monthly costs are mostly food (buy from Costco, so gets bunched in with the Grocery/Household category a lot), heartworm preventative, flea and tick treatments, etc. We have had to take them to vets for lump removals and sudden illness (got better fast), and both dogs got dental cleanings done in 2017. We reduce our costs some by doing a lot of home pet care (for skin things, minor cuts, etc) and by going to vaccination clinics where you can get rabies and annual vaccinations for fractions of the cost.
A heated hose will allow a fresh water supply but even if the water supply is the cold weather type, if you leave it turned on without heating the above ground piping, it’ll freeze. Leave it turned off and fill your tank when necessary. Connect your sewer hose as needed and drain it when done. Be cautious with the plastic fittings as the colder they get the more brittle they become.
I wasn’t sleeping in my nest-bed in the RV. I was sleeping on a new bed in a new house, a house without wheels. I wasn’t going to wake up and walk a few steps to our kitchen. I would walk up a flight of stairs. I wasn’t going to wake the boys up from their bunkroom 20 feet away to get started with their homeschool. I would go to each of their separate bedrooms to wake them up to go to school. I wasn’t going to have a day exploring new places. I was going to drive the same streets to the same places.
$648 Miscellaneous – Magazines for the Nook ($25), Stock Music for videos ($70), Shipping charges for mailing random stuff ($72 – Don’t ask me what I mailed, but it added up), Movie Theater *we went to 2 movies in 5 months ($24), Home Improvement Stores ($173), REI Outdoor specialty items ($63), Parking and Tolls ($85), half day boat rental for the family in Lake Havasu ($136). Also I’ve stopped putting propane as a line item since we really don’t spend much on this; in fact we didn’t even fill our propane in this 5 month period.
No one should toss the house keys to the new owner and point their new rig towards the open road without having experienced previously spending time in an RV. Not just a weekend or even a week but ideally an extended period of time. No trial run will exactly duplicate the finality of being without a home base but being on the road will help identify what kind of full-timer you will be. Do you prefer being a “mover” or a “sitter?” Do you prefer the solitude of a campsite alone in the woods or the activities found in a commercial campground? These test runs will also serve to clarify your most important decision before becoming a full-time Rver…
I always imagined that you should try to buy the biggest RV you could afford. After all, who doesn’t want lots of space? Our travels over the past years, and perhaps more specifically the kind of travel we like to do (camping in public campgrounds, forests, state parks, off-the-beaten-track spots) has taught me that bigger is not always better. Our “beastly” size is super-comfortable but requires me to do quite a bit of detailed planning to make sure we can fit into the kinds of spots we like to visit. In retrospect, I would have wished for a smaller RV. For those camping mostly in private parks this is not a consideration, but for our kinda camping it sure would be nice with a few less feet.
Propane allows us to run the furnace, cook, and (if we choose) have hot water. We try to use it sparingly by cooking outdoors on the grill, wearing ample clothing during cold seasons, and use campground showers when possible (and inviting enough.) Filling our propane is easy enough as a number of RV resorts offer on-site fill or contract a company to fill your tanks on-site. You can also exchange tanks or fill them at truck stops like Flying J, Loves, and others. The average in most states is $22 for exchange and $18 for a refill of a 10lb. tank.
I’m glad you found our website, Mary. Better late than never! The Patriot Act became law in 2001, six years before we started full-timing, so it has been in effect the whole time we’ve been on the road. We’ve opened well over a dozen banking and other financial accounts, bought and sold several major assets, and obtained vehicle insurance from several sources. So, it can be done. Persistence is the name of the game. Keep asking for a supervisor until you reach someone who understands that your mail forwarding address is your legal mailing address and that you have no other address, period.
For MVUM maps there will *usually* be an indication of which roads allow camping, but it depends on the individual map. For many of the maps we physically own (I typically pick them up at the Forest Service office when we travel through) the roads are indicated by a series of dots along the side. Look at the map key and hopefully you’ll see it there. I haven’t used the App much myself, but I do think you get a color map there, so that may help.
I’ve got to give props to my girlfriend Kage, who has been living along with me on the road (and her husky Tobias). Being a man, the camper life isn’t too difficult, but for a woman, it’s an entirely different challenge. According to Kage, it is definitely more difficult to live in a camper full-time as a woman (where society expects you to still look good, as well as having to take care of feminine things), but she really does make it work somehow.
Well congrats on the upcoming adventures! For an easy “entry” into RVing I would most definitely recommend the New Mexico State Camping Pass. Not only are all the New Mexico parks quite lovely, they’re spacious with lots of trails (very dog friendly) and you’ll get to travel around and see a lot of variety at very low cost. Plus you can test out your rig and dry camping skills. I think it’s an excellent idea! Good luck and good travels!
Nina – We are devoted readers of your blog. We ourselves are just getting ready to hit the road this spring, and as basic as this question may be, we would like to know what type of dishes you recommend. Do you travel with regular flatware or something more light and durable? We are hoping to find something that does not contain BPA. Just wondering if you could recommend a brand and/or source.
On the one hand, these are supremely useful posts. Costs are a huge question for anyone who is considering getting on the road and one of the most searched-for items for newbie fulltimers. I remember it was one of the top things we fretted about before we went fulltiming and we had such a hard time figuring it out. Could we afford it? For how long? What kind of budget would we need? We found several blog posts, but no-one seemed to be able to give us an exact number. How are you supposed to work with that??
Very true, Eddie! Except when they don’t, also. But I agree that even with giant housing crashes like we’ve been dealing with the for the past ten years now, eventually home values go up. You can sell when you’re done, though you’re likely not going to get $1000 x 12 months x 30 years in profit (is your $300,000 house today going to be worth $660,000 in 30 years)?
Well thanks for watching! We love RV’ing and it was our full time life for 6 years. So, we definitely want to rent RV’s to travel inland as we hit new countries (no rving in the Bahamas where we are now). So there are more road tripping adventures in our future but the boat is our base camp and where we will spend most of our year. As for what the distant future holds…we have no idea. Maybe a hot air balloon?
Well I’m happy I could help alleviate some of that angst. You’ll be in great company out here -> lots of folks all doing this same RV thing, and I’d care to venture almost every one of them had some level of anxiety about it before they started. Just be open to the experience, and see where it takes you. Even if you end up not liking it, it’ll give you new and amazing experiences. Plus you will never have the regret of saying “I only wish I had tried it”.
Sandra, you are not the first to think we spend too much or too little. Everyones lifestyles are different and we don’t live on a shoe string budget, nor do we post our expenses for any reason other than to help others get an idea of what it costs us, with our lifestyle to live on the road. We buy local, fresh and organic food as much as possible. We like good all natural food that doesn’t come in a box or can and that isn’t something we plan on changing if we don’t have to. We work from the road (not retired or independently wealthy) and our websites are not just your average wordpress sites and we do a lot to keep them secure, backed up and so on and so forth. Our phones are a huge part of our business and we have to have smart phones with internet and such. Sure, if we didn’t work and didn’t have to have solid internet, this would be a lot less. Just not an option for us right now.
The value of Personal Effects coverage available generally ranges from $2,000 (National Interstate) to $20,000 (National General), and the full amount is reimbursed in the event of the RV’s total loss. In the event of theft, there has to be proof of forcible entry and a police report must be filed (the time limits for filing the report vary). In case you disagree with the value the adjuster assigns to an item at the time of a claim, it helps to have dated photos of each item and receipts.
Close family ties. People accustomed to frequent visits with family and friends need to consider how they will adjust, and how they will stay connected from across the miles. Some people find it difficult to leave a physical community or geography. On the other hand, we have met RVers who delight in their RV lifestyle as the perfect way to visit with friends and family geographically scattered around the country.
Hi there! I’m Katie and this is my husband Eric, and we’re the faces behind Mountain Modern Life, where we share our passion for creating a home you love, regardless of square feet. We’re currently traveling the US in our tiny home on wheels and our goal is to inspire YOU to create the environment you’ve always wanted, whether that’s through design, a certain lifestyle, or a combination of both. You can learn more about us here.