Well, that depends on how long they want to full time. Let’s say the RV travel costs are $2,000 per month. That’s on top of whatever other costs they have (Insurance, repairs, clothing, cell phone, etc.). Then a person needs an income to support that level of spending for as long as they’ll be full-timing. If they want to try it for a couple of years, don’t want to work while traveling, and have no other source of income, then my guess is a couple needs around $100,000 saved up to live off.
The answer to this question will vary greatly depending on your RV lifestyle and choices. It really is a highly individual thing. We like full hook-up campsites which cost a bit more. On the other hand, we like to travel slowly staying in an area for at least a month, which costs quite a bit less. In this article, we discuss the typical budget line items. Also at the bottom of the article, we’ll share our average monthly budget expenses.
Small electric space heaters are an excellent way to conserve propane burn and provide added warmth to the areas occupied during the day and evening. Be careful to purchase only brand-name, heavy duty space heaters with undamaged electrical cords. Adding a small space heater to the lavatory will help keep the black tank from freezing and is a nice addition for people coming out of the shower.
My fiance and I have two northern Michigan winters under our belts already and are getting ready for a third! We have a propane company bring us a 120 gallon pig, put plastic on all the window, have an efficient space heater running so the furnace doesn’t come constantly kick on, we keep a little heat lamp underneath by the water hook ups, and use w inch foam as a skirt around the bottom of the camper! The best investment is a heated mattress pad for those cold days because the heat rises so it might as well rise into you, our dog is actually impossible to get out of bed when that’s on ❤️ It’s a lot of work but it really is a blast. We also have a dehumidifier plugged in because to much moisture can rot the rig!
So you may wonder after three years on the road if we have plans to buy land, jump on a boat, or keep driving. We can whole-heartedly say we want to keep driving. We love the RV lifestyle and what it has brought us. So much so that we are diving in even more and focusing on RVing in our work lives, too. We have big plans for the coming year and we are excited about what we are doing next. We want others to share in this journey and know that they can do it, too.
6) They’re willing to live frugally. This can NOT be stressed enough. At the ages of 25-35, full timing can either be a joy or a chore. They’ll be surrounded by old people, in perhaps less than stellar conditions, in a cramped hovel that’s difficult to either keep cool in summer or warm in winter. But… they can move with the weather. And frugal living helps them afford to do that.
To make sure our hose drained quickly, we built a downhill track for it out of cheap vinyl guttering and cinder blocks. (We did have one of those accordion folding type of sewer hose supports, but it was constantly falling over and we wanted something sturdier.) Additionally, our sewer hose runs under the bottom of our RV and is fully enclosed with skirting, so frozen sewage hasn’t been a problem for us.
RV maintenance depends on how handy you are and what kind of rig you have. I do all of my regular maintenance on the Airstream, so I usually only have to budget for maintenance parts and not labor. That’s only a couple hundred dollars a year. Since we have a tow vehicle, maintenance of that will also be lumped in I guess. I’m not really a person who has done strict budgeting, but I think a couple thousand bucks a year to put away as an emergency fund is a good idea.
5. I would’ve understood that low mileage doesn’t necessarily mean an RV is in good shape – RVs need to be driven. The longer they sit the more things dry up and crack. If I had to do it over again, I’d ask if it was stored inside or outside, how much it was driven and how often routine maintenance was done. If the owner doesn’t know this and doesn’t have records, I’d either take it to a mechanic before purchasing or keep looking.
This is a dream of mine, though I don’t know if my husband wants to do this. I’m at least trying to get him to agree to quitting his job so we can live abroad half the year. We just acquired another property, which I am hoping will bring in the rental income needed to support this lifestyle. Thankfully we are debt free, so we’ve got options. I am just looking forward to the day when he feels comfortable enough to quit and we can be free, lol… Super inspiring story!
I’m sorry it takes so much time and effort for you to feed your furnace. Have you looked at more efficient stoves? I’ve heard of two that take advantage of mass to store heat energy. They’re related and are supposedly quite efficient: Masony Heaters http://www.inspirationgreen.com/masonry-heaters.html and Rocket Mass Heaters http://www.richsoil.com/rocket-stove-mass-heater.jsp . I hope this helps!
I remember a year or so ago Thing 1 and I were talking. He was having a hard time wanting both the adventure of RV life and the stability of being stationary. He missed our life in California but at the same time enjoyed our life of travel. It was a conversation we had often as we gauged the boys’ needs to make sure full time RVing was still working for everyone. During this one particular conversation his big brown eyes were contemplative and he asked,
It is a large chunk, yes. You would have to read my full story (www.tinyrevolution.us) to understand the basis of this post. Not every month is the same. But that is the reality. Some campgrounds/parks/villages/resorts are more expensive than others. We treat ourselves for 3 months a year by living in SW Florida where it is sunny and warm rather than endure the winter other locations have. I would guarantee you that if you chose to do the same you would find identical costs. And no, I wouldn’t say it is against the tenets because it is only by choice that we are able to escape in such a way. We have the choice to appropriate our money each month as we like because we aren’t saddled to debt be it consumer, mortgage, personal loan, etc. You are right Joe. You can lease a darn nice house in a lot of places and that is your choice to do so if you are financially free to do so.
Did you have any trouble passing a home study while living in the camper? We are currently full timers while we save up money to pay cash for a house. We are wanting to adopt but I worry about the homestudy. Our camper is 34 feet and right now its just the hubby and me. I know we can make it work, but how to I prove that? Would love your advice! Thanks!
For toys/kids stuff we are building a special area for his clothing. Baby things are hard to hang up so I’d rather have drawers. Toys will have one area in the camper. That way it’s all contained in one spot, we can have minimal things, and there is always a place for the toys to go back to. I also plan on having a special area with learning things. Paper, markers, stickers, any activities that we will do together. We can think of this as our “school drawer.”
Have a “fun fund” for those spur of the moment adventures. If you decide that today is the day you want to go for that hot air ballon ride, do it! Having money set aside for these experiences will make that transition to RV living more enjoyable and fun. We always seek out free and cheap things to do in our travels, but there are some experiences that are worth the splurge.
It is best to choose a bag that has a lower temperature rating than you expect to actually encounter. For example, if you predict the weather will be 35 degrees Fahrenheit, select a bag that will tolerate down to 25 degrees Fahrenheit, that way if you become too warm, you can simply vent the bag to promote more air circulation, or even shed a few layers of clothes.
When Robert was offered a job in Atlanta working for an airline, they didn’t think they had enough money to buy a “proper house” for their two kids, their dog and their cats. So they decided to take the plunge on the RV lifestyle. Jessica convinced her company to let her work remotely so she could home-school their children and work in the RV anywhere in America. Robert works four days at the airline and then gets four days off, which he spends with his family in the RV.