Wow! What a learning experience we are having when it comes to finances on the road…. We have been on the road 3 months and I have been amazed at how expensive things can be if you are not careful. It is not a matter of denial of experiences but rather choosing wisely to enjoy the same things that keep our expenses manageable. An example would be eating lunch out instead of dinner. Usually 1/2 the price.
Neil, some of us who hope to full time RV aren’t rich. My motorhome (really high school boys basketball buddy but does have a MH) friend likes to camp at a spot that is $47 per night with full hook ups. He has no solar, but likes to provide AC during the summer for his dog. Meanwhile I could camp nearby that same campground at a dry camping spot for $14/night with potable water access, dump station, and even includes two showers per day so the gray tank wouldn’t be filling up so fast. Yes, I plan on having solar power. That is a difference of $1,000/month right there if both of us were full timers already. How much is the MiFi as we currently pay less than $160 for DirecTV and the cell phone plan? Our food budget is considerably less than yours as well, but we do currently stock up on food when it is on sell (20+ – 33% off) to fill up the deep freezer (one thing that I will miss if we full time RV) and pantry. So as Nina says there is a lot of flexibility in how people want to spend their money. There is no such thing as one correct way to RV. There are very many different styles so everyone can choose which one fits their own personal style. Personally I intend to live off less than half the income for the first two years and then splurge in year three in Alaska provided that we full time RV. I don’t want to touch the wife’s 403B plan until legally required to do so. This way I have compound interest working for me rather against me. We are using Cash Is King method for finances and have zero credit cards currently (we use the debit card). One other point at our bank we have zero fees on the checking and saving accounts. I use gasbuddy.com for gas prices and have a spreadsheet to help me determine whether or not it pays to go to the far gas stations for the cheaper prices.
Once we retire, my wife and I are planning on spending winters (at least) heading south from Chicago in an RV for maybe 3 months at a time. I’m an over-researcher according to her, but also an accountant. 🙂 I’d love to play with your budgeting worksheet. Unfortunately, I can’t seem to find the link on your website. Is there a specific page where I can find it?
Why we recommend the Coachmen Chaparral fifth wheel: There are few fifth wheels which can offer the level of flexibility within 11 floorplans as the Coachmen Chaparral can. If tow weight is an issue for you due to fifth wheels being on the heavier side, the Chaparral 298RLS has got you covered. This RV weighs 9575 pounds (dry weight) which is actually quite impressive. Of course, if weight isn’t an issue and you’re having a lot of people living in the same RV, the Chaparral 371MBRB spans 41 feet and can house 11 people in it. Like we said, flexibility!
My husband and I are doing the same right now Toni. First we were considering selling everything and moving to a Caribbean island but after a lot of research we realized that it isn’t easy getting a job on some of the islands and the places where you can get jobs are crime ridden. So, we turned back to our life long dream of buying and RV and traveling the country. We are still in our early 50’s so we are too young to retire but through our research we discovered a website called flexjobs.com that is a great site for finding jobs that offer the ability to work remotely. It is a legitimate site without all of the scams and network marketing type of stuff. We also just discovered camp hosting on a website called workampingjobs.com. There are a lot of camp grounds in a lot of different states that offer various types of opportunities for couples to be camp hosts. Some are just for a free place in the camp ground in exchange for work but some also offer salaries to go with the free stay. I’m becoming more excited than scared now. My only concern is health insurance.
My husband and I both work online, so we were able to earn an income while we traveled. We relied on campground Wi-Fi signals and cell data for Internet service. Even with a Wi-Fi booster, getting fast Internet was often a challenge on the road, especially on weekends when many other campers were using the same signal. We would often have to relocate to boost our signal, and there were plenty of times we had to work in a local coffee shop or Walmart.
We lived full time in a camper a couple of years ago while we were building a house. It DOES has its challenges… The biggest one we encountered was the campground we stayed at… But once we got that fixed it was actually very nice… Some things I would think about/plan for: laundry, make an outside living space, make sure you have reliable internet, and food storage.
So I am curious. Why can you talk about the cost of the RV? You mention you aren’t allowed to discuss the cost of the Windy, and you only suggest you are leasing the new one. My concern is that it may be false representation of the life style. I am sure many people would like to do what you do and can. However, not many people under 30 years of age can drive around in a 200K RV doing what you are doing. I tend to think the RV’s are discounted to you or even loaned to you as part of financial agreements with companies you work for. If this is true, this isn’t something the average person can do. Can you please be more transparent if you are in fact trying to promote this life style. (I am not trying to be a hater, i just want to better understand how you are doing this).
Thing 1 isn’t just good at playing the piano. We recognized he really has a gift as a classical pianist and needed a teacher and real piano if he was going to continue to grow. He could only learn so much online with a keyboard. (Keyboards, even weighted ones, don’t have the same dynamics as grand pianos.) To not recognize and nurture this gift would cause us and him real future regret. This is a special period in life where he has the time to sit and play for hours without adult worries.
When you live in an RV, you adopt a mantra: one in, one out. There just isn’t the room to collect things. We started paring down our collection of stuff in preparation for living in an RV, but once you're in it, the lack of extra storage space really helps to curtail any retail therapy you may employ. The fact that we no longer watch much TV and even fewer commercials means we're not as bombarded by messaging to buy, buy, buy and have less impulse to go shopping. We now collect memories and sunsets with a few smashed pennies and stickers thrown in for good measure.