The key to maintaining a comfortable full-time RVing lifestyle is how they plan to earn money on the road. If they have an online business, then they are in luck, as it is very easy to run an online business from your RV. I easily run our website while traveling for several months in our RV. In some cases, I am sitting by a pool with my laptop and an adult beverage, writing articles and answering Rving questions and uploading them Everything-About-RVing.com.
I spent months trying to figure out what to take on the road before we started out. I already knew (instinctively) that we wouldn’t need much, but I wanted to try to cover all the bases. The truth is that we needed even less than that. I took ~10% of my then-wardrobe with me, and I currently use about 10% of that. We brought along tents and other equipment we never use. We ALSO ended up buying a bunch of nifty (so we thought) “RV stuff” before we’d really spent any time in the rig on the road, another thing I’d now consider a no-no. In retrospect spending some time on the road before loading up would have made alot more sense. We’re planning a major cleaning-out when we get back to our storage in San Diego this winter and will end up much lighter for it (no doubt). If we keep this up the storage might end up going too…
Knowing our expenses may not help other RVers. Unfortunately, there isn’t just one easy answer, and without a bit of research, no one can say how much living full time in an RV will cost. It’s the same as when we live in a traditional house—we all have different costs and expenses depending on our income and our lifestyle. It will depend on how much traveling is planned, the type of RV, and what the budget is. We may travel more or less than others, have a smaller RV with less expenses, and boondock more.
Become a virtual assistant. Being a VA is an amazing way to make money from anywhere with a laptop and an internet connection. In fact, Kayla and I just hired a VA to help us grow our business, and she lives in Madrid, Spain! (In case you didn’t know, a VA is basically someone who helps a business owner with various admin tasks from answering emails to gathering data, booking events, managing projects, and more. It’s very versatile!)
We were so exhausted by these repairs (they hit us all at once between August and October of 2015), that I haven’t yet written a blog post about the last one. It just isn’t fun writing that stuff!! However, hopefully you can see the incredible value of getting a motorhome warranty or trailer warranty, especially if your rig is a few years old (ours is a 2007 Hitchhiker fifth wheel trailer).
We budget $6k per month and usually have a hard time sticking to it. I guess you would have to put us into that ‘upper’ bracket. We track every penny (we use YNAB as our budgeting tool-Google it), but still don’t deny ourselves anything we really need or want. We moved into the rig in July 07 with a nice portfolio and then suffered through the 07-08 market collapse. We dropped about 38%. We slowed our spending down a bit, workcamped for a season (Crazy Horse Monument in the Black Hills) and within a couple of years our portfolio had returned to pre-recession levels. In fact, our portfolio today is actually just a bit larger than the day I retired. And what’s our secret? Low cost passive index funds from Vanguard.
You can play a round of golf at a number of Dallas-Fort Worth area golf courses, including the Bear Creek Golf Club, Texas Star Golf Course and the Riverchase Golf Course. Spa facilities in the area include Sterling Day Spa near Carrollton, Serenity Day Spa in Richland Hills, north of Arlington, and Allure Day Spa in Hurst, also north of Arlington.
You also don’t want clutter. Make sure everything has a safe spot where it won’t get broken during travel. Invest in tubs, baskets, and storage items that will help you stay organized. You definitely don’t want your small space feeling even smaller because of all the items inside of it it. I hope these tips help you minimize your items in order to maximize your adventure! If you need more tips or suggestions for what to bring along in your RV, feel free to send us a message. We’re here to help.
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.
$4,000 Eating Out: We made a rule, we eat dinner out once per week at a quality restaurant recommended by the hip locals. Sometimes the bill would be cheap and other times not so much. Of course we would eat lunch out, or purchase a coffee every once and a while. This includes all expenses spent at a Restaurant, Pub, Bar, Happy Hour, Cupcake Shop, etc.
I’ve been trying to feel grateful for the life we had and I do. I feel extremely grateful but when I only focus on being grateful and try to bury all of the other emotions, I feel bad. I feel angry at myself for feeling any other emotion other that gratitude. Then I feel disconnected from the people around me because “they don’t get it”. And mostly I feel guilt. Guilt for feeling angry and disconnected and for basically feeling anything else other than gratitude. So then I try harder to feel grateful and the cycle would continue.
It’s funny that several of the blogs I’ve come across with budgets have talked about judgment on expenses and what a commenter feel is an excessive expense. Everyone has priorities in their lives and budgets. I’m sure if you looked into the finances of these commenters, you could find spending that you may think is excessive to you, but to them it’s a necessity. People need to LIGHTEN UP! 🙂
It began the way most just-so-crazy-it-might-work ideas do. Jennifer and Deas Nealy were dog owners and frequent travelers who kept running into the same problem. Every time they went out of town—which was often—they would either have to board their Australian Shepherd, German Shepherd, and corgi or tailor their vacation so that they were only staying at dog-friendly hotels. So they had a thought: What if they bought an RV, lived in it with their dogs full-time, and went on vacation forever?
An electric heat strip taped to the water hose and covered with circular foam tubing insulated it. This system worked for another 10 degree drop. Next the valve, where the water entered the RV, froze. One winter tip from other RVers was to hang two trouble lights with 40-watt bulbs in the storage pod and plug them in when the temperature dropped. Heat from the light bulbs should prevent freezing. It may have also kept our water tank in working order.
Hello again! Enjoyed reading your helpful post and the comment about not having health insurance. That is one of the big items that the hubby and I are debating about right now as we prepare for full-timing next August! We are both pre-Medicare age by several years, and have no ongoing insurance provided by our current employers upon retirement. We are debating about having a “catastrophic” policy and dealing with general health care needs on a cash basis. Out of curiosity, how do you prepare yourselves for the potential of a catastrophic need – such as a big medical issue, or an accident? (heaven forbid either of these happen to either of you!) thanks for your insight!
10. Establishing a permanent legal residence is an absolute must. While you may be planning to be on the road for 11 months and 29 days of every year, there are still very important reasons to have a permanent legal address. You have to consider things like your driver’s license, tax information, bank accounts and voting privileges. There is also the matter of mail forwarding, insurance rates and possibly vehicle inspections. While there are as many different sets of rules as there are states, the most friendly domicile states are South Dakota, Texas and Florida. Again, you will want to do your homework before leaving.
Definitely! The “fun” budget is something I include in our “entertainment” category and that’s definitely a part of the flexible budget that’s worth planning for when you go fulltime RVing. We actually spend less on entertainment than we did when we lived in a stix and brix in CA (mostly because we go out to eat less than we did when we both worked in a corporate job), but we do spend something in this category every month. It’s year-round entertainment now 🙂
This is probably one of the most frequently asked questions about full-time RV living, and probably one of the most difficult to answer. This is because everyone lives life and makes decisions differently. Some people need to blow dry their hair after shower; some need to be able to watch football every day and some don’t watch TV at all; some can’t live without a washer and dryer (perhaps a family that goes through a lot of laundry daily) while others are fine with going to a laundromat. Some people love to eat out every other night while others prefer to eat at home. Some people want the community and socialization at an RV park or campground, while others prefer the peace and solitude of middle-of-nowhere camping. You get the picture.
1. Try it out first. This is probably the most important tip for anyone considering RVing full time. You may have spent several weekends out already in your RV, and you may even have had a few weeklong trips. These have put you in the mindset that you would like to RV full time. However, you need to have several of these behind you before you’re ready to give up your home in lieu of the open road. Ask yourself how you’ll feel not having a place to return to, no place to unpack and no place to call a “home base”. At first thought, it may not seem like that big of a deal, but it’s not a mistake you want to make without plenty of forethought and practice.
I can go on for hours, but ultimately I can’t wrap my head around the fact I am going to pay rent for another year and get nothing in return in the long run. It seems like a waste of money. What are your thoughts? Is it possible to find a van in that state? Any aspect of van dwelling that you think might not mix well with the college environment? Am I a crazy 21 year old with far off ambitions?
What a shame that you dropped your 5D MkII in the water; however, I’m surprised that you could not return it to Canon to be repaired (unless it was salt water). The new MkIII — easily the finest full-frame semi-pro camera in existence and one of the best cameras ever made — is $3500 for the body alone, so it isn’t inexpensive. But for what you do, and your imaging requirements, perhaps the MkIII camera is a practical investment even though you guys are trying to save money! Good luck on your new travel plans!
$2,500 Insurance: Includes RV insurance, Car insurance, Life Insurance, Renter’s Insurance (to cover our belongings at home), Jewelry Insurance, and a Rider policy for camera/computer gear. We switched to State Farm Insurance halfway through the year and it saved us nearly $75+ per month vs. Geico and Progressive. We do not currently have health insurance, I know don’t yell at us… (est. savings $900)
I’m terrified and excited at the same time! We’re both In our early 50s and planning to sell our home to live a simpler life. My fear is being in a small space while a crazy storms is going on around us (our home base ATX so we won’t be on the road) or if the weather drops below 20s. My hubby wants a 5th wheel but I’m not sure because we want to try this for a year and see how we do, but of course need to make the right choice because money doesn’t grow on trees. We have two 10yr old chihuahuas who hate the thunder! Any advice?