Real Cost To Full Time RV (Detailed Breakdown!)

TL;DR

The cost of living full-time in an RV depends on various factors such as the type of RV, repairs and renovations, fuel expenses, monthly campground fees, and entertainment costs.

Transcript

full-time RV living so most people assume that this is a great way to save money but how do the expenses actually shake down when you compare it to renting or buying a house well after two years on the road full-time we're here to share our numbers so sit tight as we dissect our RV living expenses and dive a little deeper into our decision to postp... Read More

Key Insights

• 😟 Buying an RV can be as expensive or inexpensive as one chooses, depending on individual preferences and budget.
• ⛽ Fuel expenses are a significant cost while traveling in an RV, especially with their truck's 8 miles per gallon fuel efficiency.
• 😘 Monthly campground fees vary depending on the location and length of stay, with longer stays offering lower rates.
• 🈷️ Maintenance and repairs are essential to consider when budgeting for RV living, with an average of $400 per month in expenses.
• 📣 The costs of cell phone, internet, propane, laundry, and RV-related memberships are additional expenses to consider.
• ⌛ RV insurance for full-time RVers may be limited, and finding suitable coverage can be a challenge.
• 🍧 Having an accountant for tax purposes can be helpful, especially when earning income from various sources.

Questions & Answers

Q: How did the couple finance their Airstream purchase?

They took out a personal loan from a company called LightStream, but the total loan payment and campground fees were still cheaper than their previous apartment rent.

Q: Are Airstreams the only option for RV living?

No, there are various types of RVs available, and the choice ultimately depends on individual preferences and budget.

Q: What were the significant maintenance expenses for the Airstream and truck?

In the first three months of ownership, they spent $7,157 on servicing, new batteries, and transmission replacement for the truck. Throughout the year, their total maintenance expenses amounted to $4,779.04.

Q: How much did the couple spend on entertainment related expenses during their year of travel?

In 2018, they spent $5,054.29 on entertainment, including dining out and exploring new areas.

Summary & Key Takeaways

• The couple initially considered buying a Class C RV, but ultimately chose a used 2001 Ford F250 and a 2007 Airstream Safari within their budget.

• Immediate repairs for the trailer and truck cost them a total of $3,852.79.

• The couple invested in renovations and made changes to the interior of their Airstream, spending $11,492.75 in the first round and $3,321.59 in the second round.