Getting Personal Effects coverage above and beyond the $20,000 limit generally requires scheduling each item and giving it a value. Progressive requires each item to be appraised ahead of time and submitted as part of the application process for securing an insurance policy. Nationwide doesn’t require appraisals but asks for receipts showing prices paid and date of purchase so they can determine the depreciated value. I’m not sure how either handles the “outside the RV” scenario if the base coverage is higher than $20,000.
Always, always, always expect to incur maintenance charges each month. Expecting to pay each month for maintenance will save you many headaches and knots in your stomach when you inevitably break down, blow a tire, shatter a brake pad, or have a propane leak–all of which happened to us. You’ll need to be changing your oil and refilling on propane regularly anyway, so it’s best to just count this as a guaranteed expense.
If you’re looking to find financial freedom and are willing to make some significant lifestyle changes to do that, then RVing could be a path to achieve that but it is NOT a golden ticket quick fix – it’s a bit more complicated than that. I'd suggest checking out Mr. Money Mustache for some good financial tips and tricks if you're really looking to make some changes in your pocketbook.
I am the author of two RV books, one of which is published by Woodalls and hundreds of RV articles. My husband and I have been fulltiming for ten years. I have to say that this is the best article that I have EVER read on full-timing. We have come to the same conclusions that you have…even after 10 years. Great job! I will be sharing with my group of 5000+ Rvers.
And finally there’s just the whole money thing. Money is a “hot” topic and these kinds of posts almost always generate heated debate about how much it really costs. What one person might consider “a pretty good deal” could be construed as “ridiculously expensive” to some one else (“you spend that much on xxx??” is a common response). So I’m going to say this up front. Don’t take ANY of these numbers as fixed. Rather use these posts as a guide together with other folks who publish their data (which I’ll link to) to create your own, individual financial plan.
These were all things we did before we hit the road. But the costs are different now – as we’re frequently finding out about events fairly last minute and sometimes paying late entry rates and sometimes able to pay less for a last minute ticket to an unsold out event. And, sometimes we end up needing to forfeit event fees that we had to sign up for in advance, but routing plans changing to make it unrealistic to attend. Be sure to know the ticket transfer/re-sell policy before you buy.
Obviously, electric blankets on your bed make for more comfortable sleeping conditions during the cold winter nights. I discovered another great use for electric blankets by accident. I draped one over the sofa and left it on a low setting. Even when I wasn't on the sofa, I left the blanket on. The temperature radiates into the air, adding wonderful warm heat to the RV. My sofa was built in to an extending unit on the RV, so it was a very drafty area to sit on cold winter nights. The heating blanket worked wonders for keeping me warm.
These days everything is available online and if you’re putting most of your spend on credit or debit cards* it’s super easy to import it into programs (e.g Quicken or Mint) that will summarize and keep track of exactly where your money is going. Not only will this give you a solid idea of your starting point, but it will be key to pointing out places you can possibly save once you change your lifestyle and get on the road.
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I am so glad to have found your site. Retirement is probably a decade away for me but I find myself dreaming about traveling around with a little trailer I plan to buy (a Happier Camper or HC1). I have started researching being a full timer. I am single, have two dogs and plan to continue having dogs. (i.e., if I don’t get to do this for 10 years, I will have two dogs then; possibly three). I would not have all the luxuries of an RV with fully equipped showers and stuff, but I guess that would cut down dramatically on some expenses too. Were I to do this today. I’d be driving my 2016 Jeep Renegade, pulling the lightweight HC1, a kayak and my bicycle. And writing about my travels. I am so glad that well-written sites like yours are out there! Any ambitions to go International in your travels? Thank you again.
Personally, I prefer the smaller the better, but you will need to make that choice on your own. Check out this service if you want to try and give a couple of different types of RVs a spin before you buy, even if it’s just for a weekend here or there. Probably less likely to get a truck / trailer combo on that setup, though, but look around, you never know!
What’s amazing (and a big relief!) is that our “Upgrade” and “Maintenance” costs didn’t bring any unwanted or nasty surprises during the years we have been on the road, and they have remained much the same as they were in the first year, although there were plenty of years without any upgrades or big maintenance projects. As mentioned above, we barely ate out in the beginning and we splurged this past summer. We had mostly new clothes when we started and have replaced almost all of them, and we now see the importance of having the right tools and supplies for little “RV Owner” projects.
In fact, we created Finance Your Detour, a 4-step budgeting program to help others implement a budget in order to afford to travel more, or really, do whatever it is that makes YOU feel more alive! The program includes a budgeting tool that we designed, video tutorials on how to use it, as well as video lessons and worksheets to help you understand how to budget successfully in order to reach your financial goals. You can check it out here.
Since selling our house, our monthly bills have decreased. We no longer have utility bills or cable bills. Wahoo! We did finance our RV, but the payment is nowhere near what our house payment was. Spending less on our living expenses has actually allowed us to live more. We are able to travel, have experiences, and buy recreational equipment that we would never have been able to afford before.
She’s a very comfortable fifth wheel with 5 slides and thousands of dollars of upgrades including 600 watts of solar & expanded battery bank. We’ve maintained her well and have the preventative maintenance service records. We’ve never had any major problems and the minor ones the come with buying a new rig have been worked out for you. The back bunk room was modified to have a desk and more storage but it could easily be converted back to a third bunk and even a 4th bunk (trundle). Currently, she sleeps 6. We also modified the front closet where the washer and dryer would go. It is now an office/desk space, perfect for people who want to work on the road.
I have a very unique situation, I think. I hope you can read the basics here and give me some advice. Single mom, works seasonally. I home school and already work in remote areas. This would be perfect, but what about winter? What happens if the power goes out? Does gas cost a ton? I have a ton of questions, but don’t want to write on a message board, can you email me ?
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!
It’s a good tip. We used to have business cards and still exchange them on occasion, but I have to admit we’ve gone mostly online now. I connect with lots of folks through either Facebook or Instagram, and of course there’s also RVillage where you can check in and see where various folks and groups are on a map. Lots of good ways to stay connected.
Now that the windows are covered, lets do something about those roof vents. Most vents really don't seal well and we all know that warm air rises, so what can we do to stop it? Again, there are lots of possibilities: That same shrink film can be used, or some fiberglass insulation can be cut to fit and held up with a piece of cardboard. There are also nifty little pillows that are designed to fit snugly into the vent opening to seal and insulate it. These are great, as they are easily removed when you want to have the vent open.
We had planned to stay in the RV for an entire year after being stationary but soon realized that wasn’t going to work. Not only were the boys embarrassed, our 41′ RV shrunk exponentially once we quit moving. Having Yellowstone or Lake Superior as the playground in your backyard is much different from the city campground where the RVs are crammed together like books on a bookshelf. So we found a house and a few months later said goodbye to the RV.
This is something we cannot advise you on. Our experience is life on the road is a little less expensive than sedentary life. I do know there are several people out there living extremely inexpensively in an RV, but I’m not sure where to direct you. I would think living in an apartment would be less expensive and more comfortable than trying to live in an RV. The one piece of advice I can offer, don’t purchase a motorhome (RV with an engine) if you’re going to leave it sitting, purchase a towable that does not have an engine.
* Safety: Do not make alterations or heat an RV in any way that could create a safety hazard. This includes using unvented heaters, such as space heaters or the gas stove/oven, in the living space. Unvented combustion heaters produce carbon monoxide, a colorless, odorless gas that can be fatal, and almost ½ gallon of water per gallon of fuel. Any heaters that burn a fuel source inside the living compartment must be vented properly to remove poisonous gases. Make sure to have a fire extinguisher and smoke and carbon monoxide detectors.
Boondocking/Free: We enjoy mixing in a lot of boondocking. This might range from awesome places on public lands (BLM, National Forests, etc), staying in lower cost public campgrounds without hook-ups, ‘blacktop boondocking’ overnight in commercial parking lots or rest stops, to driveway surfing with friends & family (got bus parking? We love invitations!). These low/free cost stays not only bring our average cost down a lot, they’re some of our most memorable stays.
Spray the bottom of the camper with spray foam. This isn’t something I can recommend from personal experience; it’s just something I know some people do. If I were going to do it, though, I would want to make sure I didn’t do any spraying that would prevent me from accessing certain systems if they needed repair. An alternative is to attach foam board insulation to the bottom of the RV.
In the end, the decision was made easy by the amazing views out my window every day. From my perch high above the Columbia River and Wenatchee Valley, I could enjoy the ever-changing scenery, which varied throughout the day with changes in light and weather. I could watch low-level clouds form and dissipate over the river. I could see the shadows move and lengthen with the shifting of the sun. I would watch the moonlight play upon the hillsides and cliffs. And I could marvel at the lights down in the city, sparkling with color. Would I see all that cooped up in a tiny rental apartment? Or closed up in a cavernous hangar with just three windows? No.
Wow!!!! have I ever enjoyed your written article,I will tell you you have a gift of writing.stay at it and enjoy your life style ,not too many folks have the kahoonas to do it ,me included, I do build some awesome custom traveling campers &wagons of Aluminum,spray foam sip insulated,wood facade rustic looking,lightweight . My product we call Woolywagons & Woolycabins. We also welcome tiny house dwellers here at our woodsy central Indiana lazyaa B&B Guest Ranch home of the Woolywagons custom built RVs I am 62 and love building and people and traveling with my horse.I have done some whitewater canoeing but Man you are one radical kayaker too too cool If ever in Indiana I would sure appreciate chewing the fat with you at our campfire.This invite is good for all of you
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.
Capital depreciation is an important consideration because the years go by and you eventually pay for the value in your RV that has been lost over time. That shouldn’t keep you from getting a brand new rig if you can afford it, but it does have to be part of the overall financial assessment of the costs of going full-time. You can see the rigs we chose here. I’ve written an outline of things to take into account when choosing an RV for full-timing here. I recommend starting with a cheap and small RV to practice and learn on here. I’ve got some notes about the thing I think is most important in a full-time RV — the carrying capacity — here.
Currently we are not full-timing it, but we are on the road for up to 6 months straight. For those extended periods, monthly expenses can vary depending on what campground or resort we are staying in. Campground prices vary widely. If you are staying in one area long-term, your best bet is to pay a monthly rate for your campsite. That will give you a deep discount, but in most cases you will be responsible for the monthly electricity (and sometimes water usage) for your campsite. Depending on the area you are staying in, monthly rates could be as low as $300.00 a month plus electricity. In more popular areas, the cost could exceed $600.00.
I have been thinking of closing up my home and going on the road. I am a military widow, no children, 4 dogs and was either looking at a class c or b. However, I do have a trailer tow package on my 2015 Explorer. How do I know the best option for me? I am a little overweight and sometimes I can not lift or set up things with the limited strength in my hands. However, I do really want to try this out. What would you suggest? I live outside of Dallas, Texas and there are a lot of RV Centers. Would it be best to go talk to a “salesperson” but I am concerned they will not take my issues into consideration and only try to “sell” me.
Bus/RV: We have a full-timers policy on our bus that is kinda like a combined home-owners and auto policy ($1018/yr), and annual tag fees for our personalized speciality plates ($110/yr). As of 2013, we are registered and insured out of Florida – and we have limited full coverage options for a restored vintage bus conversion (our policy is through National General – and our agent is Epic-Insurance – Gina is awesome, give her a call!)
The truck needs regular oil changes, new filters, new tires, alignments, and regular maintenance as it gets older and we put more miles on it. It also occasionally breaks. For us this number is relatively low since Tom and I do so much of the maintenance and repairs ourselves. We estimate that we’ve saved thousands of dollars in labor and parts by doing it ourselves. In 2016 we did have a big breakdown that we had to take it to a shop to get fixed (we can lift transmissions by ourselves) that brought our costs way up. Better to estimate high in this category and be pleasantly surprised than the other way around.
My first winter after living in the COMET for the summer and fall, I rented a TINY 50 square foot closet under the stairs in a collective house/commune and lived there over the winter. Yep, just like Harry Potter. It was less than $100/month and included communal meals and utilities/basic living supplies like soap and toilet paper (bulk items, basically).
I apologize very much for not giving you proper credit for your work. I have adjusted the post to direct people to your website for skirting. I’m sure you don’t remember but you helped my wife and I purchase the tools we needed to prepare our RV for a last minute winter storm in Breckenridge. Without your help I know our pipes would have frozen and it would have costs us hundreds in repairs.
Life as a suburbanite isn’t all bad. Like most of life, it’s a matter of perspective and attitude. I’m slowly incorporating things that I used to enjoy about being in one place like going to libraries and getting in my favorite cashier’s line at the grocery store. <== I’m obviously the life of the paaartay. Simple things that I didn’t realize I missed. I’m an introvert and homebody so it’s hard for me to get out and meet people but it’s happening. Slowly.
We’re still living out of our backpacks with just a few belongings each - but we have a bit more room and space to move around while we’re here. The house was empty - it’s different then the "tiny but full of expertly packed items" space of the COMET or the Element, but it’s nice. We’ll talk about doing more house-sitting like this in the future during the winter if the situation is right.
Hi Kristen, if you haven’t already you will want to read the full Fulltime RV Living series, that should answer many of your questions. Costs are going to vary greatly depending on what kind of camper you decide you need. Our payment was $430 per month which we thought was rather high. Water, gas, electric, and site rental will depend on the campground and the season of the year. Our rv was not custom, it was a standard Open Range 413RLL model. Most that live in an rv fulltime (that are traveling) homeschool their children. If you are going to stay in one place you may have other options. I hope that helps!
Bryanna, My husband and I are in the beginning stages of talking about selling everything and moving into an RV full time. One question I do have is…do you have to have a “home” address? We did live in our RV for about a month and 1/2 last Feb./March in between homes, one sold very fast and the other wasn’t ready to move into. At that time we had a PO box near where we were set up. I do most of our bills on line any way and know that I won’t have that many in the future, but was wondering about car tags, insurance things like that. Thanks for your help, Michelle
$2,319 Fuel Cost – So far we’ve put a lot less miles on the RV this year (around 5,000 so far) however we’ve been driving our Smart Car loads more (probably double last year)! Everyone complains about fuel costs, but if you look at it our fuel isn’t our largest expense, and how much really does a 10 cent increase per gallon cost? You’re either going to travel or you’re not, I’m tired of hearing people use the excuse of fuel costs as a reason they don’t take out their RV. Suck it up, put on your big boy pants, and travel….you’ll thank me later as you realize the trip only cost an extra $25 because of the rise in fuel cost. Sorry for the rant, we just hear this excuse over and over and it’s a moot point.
7. Being thrifty should become second nature. Unless you’ve won the lottery or have a handsome retirement package, you can definitely benefit from making every dollar stretch to its maximum potential. Before you embark on this lifestyle, you should make a habit of logging every dollar spent to see exactly where your money is going, and for what. Doing this allows you to see where cuts can be made and where it might benefit you to stock up on certain things that you buy often. A good rule of thumb is to check with other RVers who already live this lifestyle and ask for their input on this matter. Everyone has their own favorite tips and solutions so be prepared to take notes.
You asked if any one read or cared about the expense reports, I do. We are in the downsizing mode and it will be 1 1/2 years til we full time. ( We just bought a fifth wheel that is in storage and have no truck at this point) I have visited several other sites and keep returning to yours. I think I could write a blog on preparing and down sizing but have no idea how to start one. Please keep up the expense posts.
State Income Tax – Texas doesn’t have State income taxes. There are other states out there like South Dakota, Florida, and others that many RV’ers claim residence to save on insurance, income tax, and vehicle registration. We are actually from Texas so I cannot help you with this info, but I do know there are several locations to find it…you can start with searching the escapees program.
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.
Joyce Ann Seid (84) and Steven Seid (77) bought their first RV in 2001 to travel on weekends to see the grandkids and visit casinos and parks. By 2010, they moved into the RV full-time. “We rented our house and wound up getting a bigger RV and then we wound up living in it because we liked it so much,” Steven said. “If we don’t like our neighbors, we just pack up and leave.”