How Much Does it Cost to Live in an RV Full-Time?
A Quick Look at Our RV Budget
So, we’ve been on the road for a few months now and have been keeping track of all our expenses. It seems that every month is different depending on what state we’re in, who we’re visiting, etc., and we’ve had some unexpected maintenance costs that have set us back a bit, but we now have a good idea of how much it takes to be on the road. As we’ve mentioned in an earlier blog post, we work on the road and budget wisely – that’s the only way we could afford to do this – we don’t have a pension and we’re not trust fund babies.
To help those of you who are planning a trip or considering the full-time RV lifestyle, here’s a run down of how much it costs to live and travel in an RV – month to month.
Total = $2,795
It is important to note that the above budget doesn’t include other expenses related to our business, like ongoing training, professional memberships and subscriptions, or personal effects, like clothing and gifts. We also budget for these things, but they aren’t necessary for life on the road so you will have to make your own decisions about what you can and cannot afford. Likewise, the above budget doesn’t include personal insurance coverage such as life, health and disability. We carry all three of these types of insurances and recommend you do the same, but your costs will vary depending on your age, health and the value of the coverage you select.
As you can see, living and traveling in an RV is quite affordable. You can have an amazing time on the road for less than $35,000 a year (not including the personal items I’ve mentioned). So, we hope you are encouraged to start living your dream!
As always, we are interested in your comments and questions. How much do you spend when traveling? Feel free to share your tips for saving.
Photo Credit: Zack McCarthy