Neither of us knew anything about RVs. My parents and I lived in a small travel trailer off and on for three years when I was in elementary school, and Mark’s family lived in one for a few months while his dad was transferring jobs, Other than that, neither of us had spent any time in an RV since we were kids. While Mark had towed several big boats and U-hauls, neither one of us had ever towed even a small camper, let alone a king-sized RV like those you see on the roads today.
Our monthly expenses vary depending on where we are and what we are doing. We can go a couple of weeks at a time with the only expenses being groceries and water if we are boondocking and not moving. In that case, we can get by with probably 50 bucks a day or less. Otherwise, we can easily double or triple that budget depending on gas prices and where we are. So maybe on the average, we are spending about 100 a day. Bottom line: $1,500-$3,000 a month.
Last but certainly not least there is always the option to winterize your RV before you hit the cold weather. Whether you’re lazy, cheap, or you just plain don’t want to deal with all this crap I’ve rambled on about above, this option works like a champ. Before you hit the road purchase a couple 10 gallon jugs of water for drinking. Shower & use the toilets in the facilities at the campground (they’re usually heated during the winter). Of course this means when nature calls you have to high tail it through the freezing weather to use the Jon, but at least you don’t have to worry about your pipes freezing! If you decide to go this route make sure you stay in the site located closest to shower and bathroom facilities, you’ll thank me later.
To save money, we don’t have a cell phone. We estimate that since we started traveling this may have saved us about $50/month or as much as $4,500 all together. We have also equipped our trailer with solar panels and we camp for free virtually every night. These choices make us happy, but may not suit everyone. Here’s a description of our minimalist internet and communications solution and our tips for how to live off the grid in an RV.
Then estimate your future lifestyle costs that you need to add in (the numbers we share below will help with that). These include your fuel costs and your vehicle insurance and registration fees for both vehicles that make up your rig, whether it is a motorhome/car combo or a truck/trailer combo. If you have chosen your domicile city/state, you can do very specific research to estimate your future vehicle insurance and registration fees. We have some notes on domicile selection on our full-time RVing page.
Found your blog and read through mean replies. very very helpful. My wife and I are 55 and getting ready to dive into the full time RV thing. We are having a hard time making our decision based on the future of fixed income. we live on a lake in Minnesota. it is very quite and offers boating and fishing with a wooded camping feel. we’re crazy to do this right!
For us, living mobility has been substantially less expensive than when we lived in fixed homes with rent/mortgage, upkeep, utilities, travel, etc. But of course, we were on opposite coasts when we met – Chris living in a penthouse apartment in San Francisco, and Cherie in a beachside home in Florida. For us to live in an area of the country that would keep us happy long enough to stay put, we’d be paying a pretty penny in cost of living – plus we’d still be traveling anyway because we have serious wanderlust. A mobile lifestyle suits us quite well instead!
You are probably working at a job right now and paying for an apartment or house. The first thing you do is decide what type of vehicle you want to live in and purchase it. Then you have a garage sale and sell as much of your excess stuff as you can, and give the rest away. Then you move into your vehicle. Now this is very important, you open a savings account and the money you used to pay to your landLORD for your apartment or house payment (including the utilities) you start paying to yourself instead by putting the payments into the savings account instead. Now you alone are the LORD of your life! The hardest part is that it will soon turn into a lot of money and you will be tempted to spend it. Don’t do it! Leave it there unless it is a total emergency. If you are currently paying $600 a month for rent and utilities, then at the end of the year you will have saved $7,200. Now you can travel for the next 7-14 months without working. Or if you work intermittently, you can extend that even further.
Chip took Penni to a used RV lot just to “check it out” in 2015, but they ended up buying a 395-square foot camper they call “Daisy.” They say they love this lifestyle now and have no plans to return to a typical home. Penni is selling her condo in Montpelier because they don’t think they’ll need it anymore. They track how many states they have been to on a map on the side of their RV. The current tally is 25.