Retirement – Once you have an adequate emergency fund, and are debt free, the next component of savings is your retirement savings. We follow Dave Ramsey’s plan which suggests putting 15% of your gross income into tax-favored plans such as your company’s 401(k) and Roth IRAs. Don’t wait until later to start saving for retirement. You just never know what may happen in the future!
I’ve been traveling since then, staying exclusively at spots where I can spend the night for free — Walmart parking lots for the most part. They have all welcomed me warmly when I ask at customer service if RVs are allowed to spend the night. It helps that I use a smartphone app to find Walmarts that do allow you to stay ahead of time, but I always confirm when I get there regardless.
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.
We purposely headed into Colorado and Utah in the winter because we wanted to ski, and because we wanted to travel the opposite direction of most RV’ers who go south for colder months. We were prepared with tools to help our RV survive: a heated, enclosed underbelly on the trailer; heated hoses; space heaters, etc. We survived a low of 10 degrees one night just before Christmas in Green River, Utah, and on and off sub-freezing temperatures the rest of our trip. We even had about six inches of snow in South Dakota after Easter.
Enjoyed your posts and input from others. We have a 33 Ft 5th wheel with 3 slides and a F350 Diesel Dully. We use electric heaters when plugged in at the RV parks. We got two at Sams. Most of the time one keeps us cozy. Saves a bunch of propane and the electricity is included in the cost of the space. We have 30amp service on our trailer so many times our spaces are cheaper than the 50amp spaces. My number one requirement for a RV is that it must hold a recliner. I have a bad back and a recliner is a must. Advantages of a fifth wheel over a motor home and a car. Wind and eighteen wheeler’s do not blow your rig around. When you are in a camp ground the truck is much safer for local driving than a small car. I learned that most RV’s do not have proper wheel alignment from the factory. I have blown several trailer tires because the wheels and frame were not aligned properly. Took my 5th wheel to a big truck frame shop. They aligned both axles and the frame. Now my tire blowing problem is gone. My preferred RV repair shop in Oklahoma City, AAA Fiber Glass, arranged for the alignment then added supports to the frame and tandem axle setup. They say that nearly every RV they look at is out of line. It takes all wheel alignment to make everything work right. They work mostly on large motor homes. Farmers Insurance sent me to them to get a problem fixed. The slides give you room to move around. Two of ours are opposite each other in our living and dining room. We regularly feed six large people in our trailer without anyone being cramped. We camp with several different RV buddies. The women get together plan the meals before the trip. The evening meal is at a different RV each night. Breakfast is usual optional and lunch most of the time are sandwiches at a picnic table. Still working 4 days per week Most of the money goes to the grand kids and camping. I am 74 and look forward to retiring and full timing it before long.
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.