I came into life unexpectedly during my parent’s plans to fulltime in their 40’s. They elected to proceed with their aspirations with the condition of how I would adapt. In 1978, everything was sold and we left Missouri to “go west young man”. Over the next 10 years, we vastly traveled while Dad built banks. Every weekend was an adventure scoping out the gems the area(s) had to offer. Mom enrolled me in school at each location providing me social skills I would’ve not learned if home schooled. Almost in high school, they decided to retire and stabilize my education. Wow! What a culture shock! My most impressional years were spent in a 40′ fifth wheel, and then it all stopped.
Now I’ll tell you what I will do. I will show you how an average lower-middle class family can not only survive financial difficulty, but thrive despite it and use the situation to invest in their future. I’ll tell you what we’ve learned about financial responsibility through our hardship, and I’ll give you some encouragement on your own journey to financial freedom.
We create a monthly budget. While many expenses are not monthly in nature (registration, insurance, maintenance, etc.), we choose to break them up into monthly line items for our budget, and put that amount into savings each month. This ensures we don’t come up short when the expense is due. For example, our RV and truck insurance is due twice a year. We divide the amount into six and that is what we put into savings each month.
I hope this does not come off as complaining. Finding places to boondock has been a major obstacle to our travels. I have been reading through Boondocking for Newbies Part I – Finding Where to Go. I am not having much success using the BLM or National Forest websites for the top down planning process you describe. I am hoping you can give me some guidance.
5. Make sure you have Wi-Fi access: Investing in an internet service plan that includes hotspots or a robust mobile service will make your life easier, especially if you telecommute for work while on the road. The kids will want access to the internet too, especially during long drives. If you can’t get a strong signal while on the road, consider scoping out Internet cafes at your next pit stop.
Nikki, Thank you for your reply. I meant no disrespect by using the word “gibberish.” I appreciate all your videos and valuable information: So in your case, If I may ask, what was the cost of your current RV, the taxes, and the documentation fees? Did you purchase an extended warranty? What was the cost? Did you finance your motorhome? If so, for how many years? what is the interest rate? What is your current monthly payment? How much of the interest can you write off as a first or second home on your taxes? as a full time RVer is there a particular state I should be setting up a fictitious residence so I can save on taxes? For example in Oregon they do not have sales tax on cars or RV’s (that’s about a $10,000 savings on a $100,000 motorhome). Any idea what your current motorhome will be be worth when you sell it in 5 or 10 years? 25% less, 50% less. Once again I want to thank you for all your valuable information.
Penni Brink (62) and Chip Litchfield (59) have a “Welcome to Margaritaville” sign outside their RV and the kind of easygoing spirit that immediately draws you in. The couple met in the late 1980s when they were working in the same business complex in Vermont, but Chip was married to someone else at the time. Their paths crossed again a few years ago at a craft fair and as their relationship blossomed, Chip suggested they travel in an RV. Penni was apprehensive at first.