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How to Budget for Full time RV Life
Are you dreaming of hitting the road full time but wondering how to budget for full time RV life? Maybe you want to take the leap but don’t know if you have the savings to support it. One of the most common things heard from those who made their RV dreams come true- is their only regret is not making it happen sooner. With proper planning and realistic expectations of your expenses you can make the leap sooner rather than later.
Data shows more and more people have made the decision to become Full-time RVers. For some, this is a financial choice, while for others it is a choice to live a life full of adventure. No matter the reasoning behind your choice, living as a full-time RVer always leads to one BIG question: How much will it cost to become a Full-timer?
As anyone can guess, there are many variables to the BIG question. If you are used to living life to the fullest with no concern for the almighty dollar, you can still choose to spare no expense in one of the new high tech coaches with all the bells and whistles. For the more frugal Full-time RVer, you can enjoy an action packed adventure without breaking the bank.
Putting the cost of the RV aside, there are things that every Full-time RVer will have to prepare for. Campsite and hook-up prices can average between $25-$350 per night depending on location. As the old saying goes “Location, Location, Location…” Monthly rates and advanced reservations can help bring costs down. Using an app like RVingUSA.com can help find you the right place with the right amenities for the price that’ right for you.
RV Travel Expenses are specific to the area and distances the Full-timer chooses. If you enjoy staying put, gas prices will be lower, but you will also have RV insurance and repairs keep in mind. Some Full-timers use extended service plans to help cut down on repair costs. Extended services plans will cost you $50-$300 per month on average. This will help offset any major repair costs, similar to the way insurance does in case of an accident.
Full-time RVers do not have the costs of utilities or property tax. However, there are specific needs for the RV such as propane and house batteries that will be needed to run your kitchen appliances, water heater, and air conditioner. Propane price ranges from $3.00-6.00 per gallon. The average 20 lb. tank will hold just under 5 gallons.
House batteries run anywhere from $150-800 per battery. Regular maintenance of your propane tank, batteries, and all electrical systems are vital to keep from having costly repairs.
When it comes to everyday needs, such as food and beverages, the costs should be pretty consistent to what anyone living in a home would face. The tricky part here is RV cooking, which is more difficult in such a compact space. That would also be the same for entertainment costs. Camping these days is as outdoorsy as you choose to make it. If you want internet and satellite, you can have those things for a small monthly fee. Most of us cannot live without cell phones, but those costs would be similar to what anyone else would pay.
Check out: 10 Tips for Cooking in Your RV Oven (without burning everything)
A few other things to consider are:
Laundry costs $2 per load at a laundromat
Dump fees for black and gray tanks (usually minimal $5-10 or are included in RV park overnight fees)
Postage and mail service
Vehicle registration
When it comes to Full-time RVers, their expenses will fluctuate from time to time. The best way to track your spending would be to keep records in an RV Living Cost Log. A great example of an RV cost log comes from Technomadia. It's a great monthly cost log to help you get started.
The choice of lifestyle is up to each individual and with all the advances in the RV industry, you can be as tech savvy as you would like. On average, the living expenses will be somewhere in the $1200-2500 per month range. Living large or roughing it, it's is all up to you.
Happy trails!
Tags:Budget, Finance, Insurance, Purchasing, Savings, Tips
How to Budget for Full time RV Life
Are you dreaming of hitting the road full time but wondering how to budget for full time RV life? Maybe you want to take the leap but don’t know if you have the savings to support it. One of the most common things heard from those who made their RV dreams come true- is their only regret is not making it happen sooner. With proper planning and realistic expectations of your expenses you can make the leap sooner rather than later.
Data shows more and more people have made the decision to become Full-time RVers. For some, this is a financial choice, while for others it is a choice to live a life full of adventure. No matter the reasoning behind your choice, living as a full-time RVer always leads to one BIG question: How much will it cost to become a Full-timer?
As anyone can guess, there are many variables to the BIG question. If you are used to living life to the fullest with no concern for the almighty dollar, you can still choose to spare no expense in one of the new high tech coaches with all the bells and whistles. For the more frugal Full-time RVer, you can enjoy an action packed adventure without breaking the bank.
Putting the cost of the RV aside, there are things that every Full-time RVer will have to prepare for. Campsite and hook-up prices can average between $25-$350 per night depending on location. As the old saying goes “Location, Location, Location…” Monthly rates and advanced reservations can help bring costs down. Using an app like RVingUSA.com can help find you the right place with the right amenities for the price that’ right for you.
RV Travel Expenses are specific to the area and distances the Full-timer chooses. If you enjoy staying put, gas prices will be lower, but you will also have RV insurance and repairs keep in mind. Some Full-timers use extended service plans to help cut down on repair costs. Extended services plans will cost you $50-$300 per month on average. This will help offset any major repair costs, similar to the way insurance does in case of an accident.
Full-time RVers do not have the costs of utilities or property tax. However, there are specific needs for the RV such as propane and house batteries that will be needed to run your kitchen appliances, water heater, and air conditioner. Propane price ranges from $3.00-6.00 per gallon. The average 20 lb. tank will hold just under 5 gallons.
House batteries run anywhere from $150-800 per battery. Regular maintenance of your propane tank, batteries, and all electrical systems are vital to keep from having costly repairs.
When it comes to everyday needs, such as food and beverages, the costs should be pretty consistent to what anyone living in a home would face. The tricky part here is RV cooking, which is more difficult in such a compact space. That would also be the same for entertainment costs. Camping these days is as outdoorsy as you choose to make it. If you want internet and satellite, you can have those things for a small monthly fee. Most of us cannot live without cell phones, but those costs would be similar to what anyone else would pay.
Check out: 10 Tips for Cooking in Your RV Oven (without burning everything)
A few other things to consider are:
Laundry costs $2 per load at a laundromat
Dump fees for black and gray tanks (usually minimal $5-10 or are included in RV park overnight fees)
Postage and mail service
Vehicle registration
When it comes to Full-time RVers, their expenses will fluctuate from time to time. The best way to track your spending would be to keep records in an RV Living Cost Log. A great example of an RV cost log comes from Technomadia. It's a great monthly cost log to help you get started.
The choice of lifestyle is up to each individual and with all the advances in the RV industry, you can be as tech savvy as you would like. On average, the living expenses will be somewhere in the $1200-2500 per month range. Living large or roughing it, it's is all up to you.
Happy trails!
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Comments (1)

ttricia
May 4, 2020 | 12:45 PMWe have no debt and our monthly expenses average almost $5000 a month. Whenever I see that people claim they live on very little I wonder if they are including all insurances, internet, satellite TV, food, camping fees, etc. We certainly could live on less but don't have to and that's not why we full-time.


