Chickery's Travels

Chickery's Travels logo. A blue-green Earth globe with continents surrounded by dots with an arrow denoting movement or travel and "Chickery's Travels" as part of the dotted circle. Next to this is a photo of their blue and white Arctic Fox 5th Wheel with the awning out.
  • Home
  • Campground Reviews
    • Alternatives To National Park Campgrounds
    • Best Luxury RV Resorts For All RV Types
    • Best Waterfront Campgrounds For Every Budget
    • Alabama
      • Gunter Hill Campground (Montgomery, Alabama)
    • Arizona
      • Best Campgrounds in Arizona
      • Aspen Campground (Payson, Arizona)
      • LazyDays KOA (Tucson, Arizona)
      • Lost Dutchman State Park (Phoenix, AZ)
    • Arkansas
      • Catherine’s Landing (Hot Springs, Arkansas)
      • Downtown Riverside RV Park (Little Rock, Arkansas)
    • California
      • Best Campgrounds in California
      • Crescent City Redwoods KOA (Crescent City, California)
      • Sea Breeze RV Park (Seal Beach Naval Weapons Station)
    • Delaware
      • Cape Henlopen State Park (Lewes, Delaware)
    • Florida
      • Best Campgrounds in Florida
      • Blue Angel Naval Recreation Area (Pensacola, FL)
      • Jonathan Dickinson State Park (Southeast FL)
      • LazyDays RV Resort (Tampa, FL)
      • MacDill AFB FamCamp (Tampa, FL)
      • Military Camping in Key West
      • Patrick AFB FamCamp (Cocoa Beach, FL)
      • Rainbow Springs State Park & Campground (Ocala, FL)
      • Walt Disney World’s Fort Wilderness (Orlando, FL)
        • Halloween at Disney’s Fort Wilderness
        • Chickery’s Travels Podcast Episode 5: Fort Wilderness Campground Review
    • Maryland
      • Cherry Hill Park (College Park, Maryland)
    • Michigan
      • Port Huron KOA (Kimball, Michigan)
    • Nevada
      • Las Vegas RV Campgrounds: Nellis Air Force Base and Lake Mead RV Village
      • Boondocking Near Las Vegas
    • New Hampshire
      • Lincoln / Woodstock KOA (New Hampshire)
    • New York
      • Round Pond Recreation Area (West Point, NY)
    • North Carolina
      • Outer Banks West / Currituck Sound KOA (Coinjock, North Carolina)
    • Oklahoma
      • Oklahoma City East KOA (Choctaw, Oklahoma)
    • Texas
      • Best Campgrounds in Texas
      • Alsatian RV Resort (Castroville, Texas)
      • Maverick Ranch (Lajitas, Texas)
      • Texas Wine Country Jellystone (Fredericksburg, Texas)
    • Tennessee
      • Camp Margaritaville (Pigeon Forge, TN)
      • Crossville I-40 KOA (Crossville, TN)
      • Midway RV Park (Memphis, TN)
    • Virginia
      • Fort Belvoir Travel Camp (Alexandria, VA)
      • Harrisonburg / Shenandoah Valley KOA (Broadway, Virginia)
      • Luray KOA (Luray, Virginia)
      • Lynchburg / Blue Ridge Parkway KOA (Monroe, Virginia)
      • Shenandoah River State Park (Bentonville, Virginia)
    • Washington
      • Crescent Bar RV Resort (Quincy, Washington)
    • West Virginia
      • Harper’s Ferry KOA (Harper’s Ferry, West Virginia)
  • USA
    • Arizona
      • Apache Trail: A Crazy, Scary, Beautiful Drive
      • Lost Dutchman State Park (Phoenix, Arizona)
      • Phoenix Faves
    • District of Columbia
      • Budget Friendly Fun in Washington D.C.
      • Favorite Hikes near Washington DC
      • Indoor Skydiving and TopGolf: Just Another Day of Family Fun!
    • Florida
      • Best Walt Disney World Festivals For Adults
      • Blowing Rocks Preserve – Jupiter Island, Florida
      • Bok Tower Gardens
      • Daytona Beach – The World’s Most Famous Beach
      • Epcot International Food & Wine Festival
      • Gasparilla – Tampa’s Pirate Invasion
      • 3 Days on the Nature Coast 
      • Florida Freshwater Springs on the Nature Coast
      • Halloween at Disney’s Fort Wilderness
      • Kennedy Space Center – Cape Canaveral
      • Island Hopping at Honeymoon Island and Caladesi Island State Parks
      • Must See Sights in St. Augustine, FL – America’s Oldest City
      • Rainbow Springs State Park & Campground (Ocala, Florida)
      • Sunny Sarasota
      • Tampa
        • Get Back to Nature in Tampa Bay
        • Take Me Out to the Ball Game – Spring Training in Tampa, FL
        • The 5 Best Beaches in the Tampa Bay Area
        • Why We Love Tampa
      • Tarpon Springs – The Gulf Coast Town with Greek Flavor
      • Top 5 Things to Do on Florida’s Space Coast
      • What Not to Do When Kayaking on the Weeki Wachee River
      • Wizarding World of Harry Potter – Universal Studios and Islands of Adventure
    • Georgia
      • Visiting Atlanta? Don’t Miss These Civil Rights Museums
    • Illinois
      • One Day In The Windy City – Chicago Itinerary
    • Maine
      • Coastal Maine Vacation
      • Monhegan Island Maine
      • Two Days in Acadia National Park
    • Nevada
      • Planning an RV Trip to Nevada
      • Las Vegas RV Campgrounds: Nellis Air Force Base and Lake Mead RV Village
    • Tennessee
      • Burgess Falls: 3 For 1 Waterfall Special
      • National Civil Rights Museum – Memphis, TN
      • Window Cliffs, TN – I’m Not Afraid of Heights, But I am Afraid of Falling!
      • WWII History in Tennessee
    • Texas
      • Best Eats in Fredericksburg
      • Enjoy a Bird’s Eye View of Texas Hill Country
  • RV Resources
    • 3 Simple Steps to Find the Best RV Campgrounds
    • 5 Years Full-Time RV: Lessons Learned & Biggest Regret
    • Boondocking – What We Learned From Our First Dry Camping Experience
    • Tips for Boondocking Success
    • Essential RV Gear
      • Essential RV Gear Guide
      • DIY RV Power & Solar Upgrade
      • RV Must Have: Tire Pressure Monitoring System
      • RV SnapPads Product Review
      • RVLOCK Keyless Entry Door Handle Installation and Review
      • Shop “RV Local” With TechnoRV
      • Top RV Gadgets & Accessories
      • WeBoost Cellular Booster Review
    • Living in an RV
      • 9 Lessons From 2 1/2 Years on the Road
      • Biggest Regret Full-Time RV Living
      • Dealing with my Biggest Full-Time Travel Struggle, Missing Family While Traveling
      • Downsizing: 3 Areas That Make The Biggest Impact
      • Full-Time RV: 2019 Year in Review
      • Full-Time RV: 2018 Year in Review
      • Full-Time RV Travel – 2017 Year In Review
      • How Full-Time RVers Celebrate the Holidays
      • How to Prepare for Full-Time RV Travel
      • Internet Solutions for RV Travelers
      • Learn How to RV Full-Time
      • Living in a Tiny, Traveling Home
      • Making Friends (and reconnecting with old friends) While Traveling Full-Time
      • Pros & Cons of Full-Time RV Travel
      • RV Organization & Storage Ideas
      • Short-Term RV Storage: Leaving The RV Behind
      • Top 3 Lessons Learned & Biggest Regret: 3 Years Full-Time RV Living
      • What We Wish We Knew Before Full-Time RVing
      • What You Need To Know Before Selling Everything And Moving To An RV
      • Why We Are Traveling Full-Time In Our RV
    • Maintenance Tips
      • DIY Power Upgrade – “Solar Ready” Arctic Fox Fifth Wheel
      • DIY RV Power & Solar Upgrade
      • Easy DIY Project to Protect Your RV Water System
      • An Easy Way to Protect Your RV Water Heater
      • How to Reduce the Likelihood of Tire Blowouts on your RV
      • Odor Free RV Black Tank Tips
      • RV Condensation: What It Is, What It Does, and How To Stop It
    • Must Read Books Before Becoming A Full-time RVer
    • RV Organization & Storage Ideas
    • RV Remodel
      • Planning an RV Remodel
      • RV Kitchen Cooking Videos
      • Painting Your RV Interior
      • Update the RV Kitchen – Backsplashes & More
      • Updating Your RV Window Treatments
      • RV Bedroom Makeover
      • RV Remodel Costs with Before & After Photos
      • Vintage Camper Renovation
    • RV Holiday Tour – Decorating Our Small Space
    • RV Hurricane Evacuation
    • RV Misery Can Be Overcome By The Generosity Of Others
    • RV Travelers: How to Read Books While Saving Space and Weight in Your RV
    • Slow Travel
    • Small Kitchen Cooking
      • Cooking Videos
      • Eating Healthy on Travel Days
    • Staying Healthy
      • Traveling with Fibromyalgia, Arthritis, and Other Chronic Pain Conditions
    • Trip Planning
    • Traveling with Pets
      • RVing with Your Cat
      • Traveling with Restricted Breed Dogs
    • Why I Prefer RV Travel Over Flying
    • Your Guide To Planning The Best Family Vacation This Summer
  • Travel Finance
    • 5 Tips to Save on RV Travel
    • 5 Ways to Fund Full-Time Travel
    • Full-Time RV Expenses
      • Annual Full-Time RV Expenses – The Big Three
    • Five Credit Card Strategies To Improve Travel
    • How Much Do Campgrounds Cost?
    • How Much Does it Cost to RV Full-Time?
    • How to Camp for Free
    • How to Start a Profitable Blog
    • How to Save Money on RV Fuel Costs
    • How to Save on Food While Camping
    • How We Earn A Living While Traveling Full-Time (And How You Can Too)
    • How We Paid $139,000 of Debt in 2 Years While Full-Time RVing
    • Learn How to Finance Your Dreams
    • The Top 7 Ways to Save Money While Traveling Full-Time
    • Roadmap to Financial Freedom
      • Roadmap to Financial Freedom: Accountability Report April 2018
      • Roadmap to Financial Freedom: Accountability Report May 2018
      • Roadmap to Financial Freedom: Accountability Report June 2018
      • Roadmap to Financial Freedom: Accountability Report July 2018
      • Roadmap to Financial Freedom: Accountability Report August 2018
      • Roadmap to Financial Freedom: Accountability Report September/October 2018
    • RV Purchasing
      • RV Purchasing: Understanding RV Types
      • Benefits of Renting an RV
      • Should I Buy A New or Used RV?
      • The Costs of RV Ownership
      • The True Cost of Financing an RV
      • Why You Should Attend An RV Show
    • Save Money Using the Public Library (On More Than Just Books)
  • Military Travel
    • Guide To Using Military Campgrounds
    • Health Care for Retired Military Full-Time RVers
    • Why Military Retirees Should Fly Space-A
  • Videos
  • About Us
    • RV Shows We’re Attending
    • Contact Us
    • Follow Us
    • Why We Are Full-Time RVers

February 22, 2018 by Julie 5 Comments

The True Cost of Financing an RV

When financing a new RV there is a lot more to consider than just the sticker price or monthly payment. In this article, I’ll discuss crucial factors such as depreciation and interest.

The bottom line for most people when purchasing an RV, or even a car, is the monthly payment. This was a mistake we made when we purchased our first Fifth Wheel brand new. If we could go back, we’d definitely do things differently. In fact, we’ve created a program where we share our process for paying off $137,000 in debt in 2 years while traveling full-time in our RV. 

Learn how to pay off debt, earn an income, and save money all while traveling full-time.

The Standard Purchase Methodology

The purchase price of our fictitious RV is $100,000. Using traditional thinking, we know that we can only afford a payment of approximately $750. So, we go to the dealership with that payment in mind, ignoring the overall complete cost. Predictably, after the desired RV is selected, the salesperson asks two questions.

  1. What monthly payment can you afford?
  2. How much are you willing to provide as a down payment?

This will typically start the “negotiation” process. As an example, let’s say the response is a goal of having a $750 monthly payment and a down payment of $5,000. Everyone knows what happens next – the salesperson cannot actually negotiate with you. There is a mystery person in a back office that every salesperson goes to. Does this master mathematician of pricing actually exist? Who knows, but the salesperson will come back with an offer. The offer will be amazingly close, but slightly more than what you wanted to pay initially.

The Offer

The salesman returns and asks if it is possible to put down a little more than planed. If so, the payment can be very close to $750. After a couple of rounds of negotiation with the mystery man in the secret room, the “negotiation” ends with an agreement to pay $763 per month after putting $7000 down. With the down payment and your “great credit score,” the loan is 5.25% for 15 years. So, $93,000 is financed at 5.25% with a monthly payment of $763 for 15 years. Sounds great, right? You leave the dealership happy with your purchase and the peace of mind of a 2-year warranty on your 15-year purchase.

What it Really Costs

Hopefully, the RV is everything it was expected to be and you want to keep it for many, many years. However, most RVs are traded after three to five years. In addition, the average RV can depreciate between 25% & 40% within the first one to two years. In this example, the $100,000 RV is only going to be worth between $60,000 and $75,000 very shortly after purchase. This can be considered a “good times with the RV” cost because it will never be recovered from a trade-in or private sale.

But wait, there’s more! Making the $763 payment every month will pay off the RV in 15 years. Along with the cost of the RV, the 5.25% interest rate adds up to an additional $40,000+ in interest. This means that the total cost would be $140,000 for a product that quickly becomes valued somewhere between $60,000 and $75,000. This is what the bank wants because it makes them the most return on the loan.

What Can Be Done

The most ideal approach to take to the purchase is to pay cash. But really, most of us cannot afford to pay that much for an RV in cash unless the money was accumulated and saved for several years. So, one option is to wait until the money is in the bank and then make the purchase. In this option, the $40,000 in interest is avoided, but the large drop in value from depreciation is not.

A second option is to buy a used RV that fits within the budget and allows for a cash purchase. The average trade-in time, as indicated above, is three to five years. Many of the RVs in this range have several years of use left in them. This method allows for someone else to “pay” the huge depreciation in the first couple of years. In this option, interest is avoided as well as depreciation. This really is the ideal option for RVers who want to be debt free and live on a reasonable budget.

Lastly, do the homework before making the purchase. The dealership and private seller will not talk about the historical depreciation of the RV model you are considering. This would not be counter to their goal of maximizing profit. Review what two- to three-year-old models are selling for. Also, scour the Internet for information on problems related to that model along with impressions from people that own it. The more information gathered before negotiating the purchase, the better the decision will be on price.

And if you’re interested in learning more about how to pay off debt, check out our Full-Time RV Finance program. 

Feedback

We are interested in your feedback/advice on the RV purchase. Please let us know if you have any tips or tricks you used when purchasing your RV.

There are a lot factors involved in financing a new RV. More than just the sticker price or monthly payment. In this article, we cover the crucial factors of depreciation and interest.

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January 3, 2018 by Julie 12 Comments

Annual Full-Time RV Expenses – The Big Three

In this article we’ll share our expenses for the year of full-time RV travel across three major categories: campgrounds, fuel, and entertainment. We’ll provide our average monthly costs and explain what occurred in the high and low months as well.

Full-Time RV Finance is designed to help you realize your full-time travel dreams. Over 25 video lessons, we will help you chart a course towards financial freedom, create a realistic full-time RV budget, and learn how to make money and save money on the road.

Campgrounds

We stay exclusively in full hook-up (water, 50 amp electric, and sewer) campgrounds. We read reviews and typically stay in those that have good WiFi (to save on our hotspots), pools, and fitness rooms. We are typically near cities with a major airport due to frequent work travel.

This year we stayed in 11 different campgrounds: 4 Military, 6 Private, and 1 State Park. We post reviews of our stays on our YouTube channel. We travel slowly and take advantage of monthly rates when we can.

  • Average Monthly Cost: $575
  • Highest Monthly Cost: $1500 This was at Fort Belvoir, VA in the Washington DC metropolitan area. While it was an expensive campground for us, we think it is worth it because our oldest son and future daughter-in-law live nearby! You can see our review of the campground here.
  • Lowest Monthly Cost: $495 We spent the month of July at MacDill Air Force Base in Tampa, FL. You can see our review of the campground here.

Fuel

Heartland Cyclone and Chevy Silverado HDWe pulled a 44’ Fifth Wheel with our Chevy 3500 HD Truck. We typically stayed in place 4-6 weeks before moving which helps keep costs down, but the truck is also our only vehicle for local drives. In addition, Sean has to travel quite a bit for work and we are typically about 1 ½ hour away from a major airport and have to drive there and back a couple of times a month. Next year, we plan to keep a separate log of mileage from moving with the Fifth Wheel, driving in the local area travel, and traveling to and from airports.

  • Average Monthly Cost: $365
  • Highest Monthly Cost: $793 This was in September when we had to evacuate southeastern Florida due to Hurricane Irma. We moved from Jupiter, FL to Valdosta, GA; Auburn, AL; Millington, TN; and finally back to Cocoa Beach, FL in that one month. Luckily we maintain an emergency fund as part of our financial strategy.
  • Lowest Monthly Cost: $233 This was in October. We were exhausted from our adventures the previous month and stayed put. The weather was lovely and we road our bikes around the local area and hardly used the truck. We did have to make 2 trips to the Orlando airport.

We also spent $52.76 on propane for the whole year. We stayed at full hook-up campgrounds in warm climates and only used propane for cooking (stove top and oven) on a daily basis.

Entertainment

  • Average Monthly Cost: $210
  • Highest Monthly Cost: $294
  • Lowest Monthly Cost: $119

Our highest month was August in Cocoa Beach, FL. We both went on a bioluminescence kayaking tour which was $84. Also Julie got the deluxe adventure package at the Brevard Zoo which included an aerial adventure obstacle course, zip lining and kayaking for $57. We discuss how much fun we had on the Space Coast and what 5 activities we recommend in this article. Our least expensive month was again at Fort Belvoir because there are so many free activities in the Washington DC area (i.e., Smithsonian museums, monuments, and hiking galore).

What’s the Bottom Line?

If you add together all of our expenses, our average monthly cost to RV Full-Time this year was $3,576. We are both working and are fortunate that we are able to live on one income and put the remainder towards debt and savings. Our savings is further broken down into categories for things like retirement, vacation fund, holidays, etc.

In December 2017, we set a goal of being debt free by the end of 2019. In addition to our income, we employed 3 other strategies to help us pay off $91,000 in debt in under 12 months.

We also created a program called Full-Time RV Finance to help others financially achieve their full-time travel dreams. Over 25 videos we help you chart your course towards financial freedom, create a realistic full-time RV budget, and learn how to make money & save money on the road. 

Can you be more frugal?

Yes! It is possible to have a more frugal budget for sure. For example, we know folks who dry camp the majority of the year. This very low cost and sometimes even free. Many others that are trying to cut back on expenses will reduce their budget for dining out and cut out the streaming subscriptions and extra hot spots. You can read our tips for saving money here. And just remember, it is completely up to you and how you’d like to live.

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See a breakdown of one year's worth of full-time RV travel expenses. If you've ever wondered what it costs to travel full-time in an RV, motorhome, fifth wheel or travel trailer, you can find all the expenses here.

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November 8, 2017 by Julie 8 Comments

How Much Does it Cost to RV Full-Time?

The answer to the question, “How much does it cost to RV full-time?” will vary greatly depending on your RV lifestyle and choices. For example, if you want to stay in RV resorts, you will obviously have to allocate more money towards the campground portion of your budget. In this article, we discuss the typical budget line items.

We based this information on our six years worth of experience as full-time RVers. We also used that knowledge to create a program called Full-Time RV Finance where we cover the entire RV budget — there are so many more expenses than you might think — as well as methods for making money & saving money on the road.

Monthly Budgets and Less Frequent Expenses 

We create a monthly budget. While many expenses are not monthly in nature (registration, insurance, etc.), we choose to break them up into monthly line items for our budget, and put that amount into savings each month. This ensures we don’t come up short when the expense is due. For example, our RV and truck insurance is due twice a year. We divide the amount into six and that is what we put into savings each month.

Ownership Costs

These expenses will occur even if you live stationary in your RV and never travel anywhere.

Note: Replicate these expenses for all of your vehicles (motorhome, tow or towed vehicle).

  • Payments – If any of your vehicles are financed, include your monthly payments.
  • Insurance – It is important if you are living in your RV full-time to specify this to your insurance company so you are covered not only for the RV, but your contents as well. If your RV is financed, you will want to be sure that it is insured for the full payoff value. If it is not, you will have to decide the replacement value.
  • Registration – This will vary based on your legal state of residence (also known as domicile). In some states it is a set fee, and in others it is a property tax based on the value of your RV.
  • Maintenance and repairs – Even if you have a warranty, you should save some money each month for things that may not be covered like oil changes, water filters, wiper blades, generator maintenance, etc.
  • Gear / Modifications – Your RV dealership may or may not provide some of the basic “gear” that is needed to live and travel in an RV (see our Gear Guide here). You may also want to complete certain upgrades for safety or convenience. For example, we were not happy with the tires that came on the Fifth Wheel, and purchased all new tires (at our own expense). Many RVers like to boondock, or camp off-grid, and outfit their RV with solar. Others remodel and paint, change flooring or fabric to make it their own. This is often an ongoing expense that you should budget for as just like in a sticks and bricks home, people like to upgrade and make changes to improve their daily lives.

Fuel Costs

There are 3 main type of fuel costs associated with RV travel.

  • Gas / Diesel – This expense can vary greatly depending on how often and how far you travel. If you plan to travel around the entire 48 contiguous states in one year, you’ll need a fairly sizable budget for gas or diesel fuel.
  • Propane – If you have propane appliances (stove top, oven, refrigerator, or heater), you will need to budget for propane. This varies depending on usage. We don’t RV in cold climates, but we do use our propane stove top and oven daily. We have 2 propane tanks on our Fifth Wheel, and only need to refill about 2-3 times per year. Still, we average the cost and budget for it monthly.
  • Generator Fuel– If you have a generator, you will need to assess how often you use it and budget for fuel. For example, we typically stay at full hook up campgrounds, but use the generator to run the air conditioners when we are moving between locations in the summer. However, if you plan to dry camp or boondock a lot, you’ll use the generator often if you don’t have a solar power set up.

Campgrounds

This can be one of the biggest recurring expenses, but varies greatly depending on your “style” of RVing. Below are general categories, but there are variables in each as well. To learn more about saving money on campgrounds, see our video here.

  • Resort Campgrounds – Typical RV resort style campgrounds offer full hook ups, meaning water, sewer, and power. They also typically include amentias like swimming pools, mini golf, and organized activities. The cost for these will vary by amenities, location, and season. They can range from $30 to more than $100 per night.
  • National and State Parks – These are often “no frills,” but found in amazing natural locations. We’ve stayed at some rather rustic ones with power, water, and maybe one old bathhouse, as well as some with full hook ups, large sites, and recreation areas with tons of activities. The cost for these will also vary, but are typically much lower than the resort campgrounds. Some can be very difficult to get a reservation because they are in such high demand. For example, Florida State Parks allow you to reserve up to 11 months in advance and many book as soon as that window opens. They can range from $15 to $48 per night.
  • Boondocking – This is a term that essentially means camping without hookups typically in dispersed locations for free (or less than $15 per night). There are many places to camp for free in an RV or tent in the United States. RV boondocking locations include Bureau of Land Management (BLM) land and National Forests. Free boondocking sites are plentiful out west, but significantly limited in states east of the Mississippi. To read a terrific review of boondocking sites in Florida, click here.

Mail Service

While most full-time RVers change as much as they can to electronic, there are still some things that will be mailed. Many full-time RVers use a family member’s address, and still others use mailing services. Even if you use the former, you’ll need to include a budget to reimburse them if you need something forwarded to you. If you use a mailing service like the one offered by Escapees, you may have a monthly expense of $16.25 to $19.50 depending on the package you choose.

Electronics

There are several items you may consider under electronics to include internet devices, cell phones, satellite television, and streaming subscriptions like Netflix or Hulu.

  • Cell phone– Cell phone service can vary across the country. Before you take your current plan with you, we recommend you read reviews or check coverage apps like Coverage to determine if that carrier is suited for your travels.
  • Internet devices– Many full-time RVers, especially those working remotely, purchase hotspots or other devices with monthly plans to provide internet access. While many of the resort type campgrounds offer WiFi, we don’t find it reliable. For more information to help you make an informed decision, the Mobile Internet Resource Center provides a wealth of mobile internet information.
  • Satellite television– Many resort type campgrounds offer cable television, but if you choose state/national parks or boondocking sites you may want a satellite option to keep up with your favorite sports team. Both Dish and DirectTV have packages for RVers.
  • Streaming subscriptions– There are also many streaming services that many continue as they transition to RV life. So if you need your Netflix, Hulu, HBO Go, or Starz subscription, don’t forget to include them in the budget.

Entertainment

Don’t forget to have fun! When traveling to new places it is very tempting to want to go everywhere and see everything. You will have to assess how much of your budget you want to go to entertainment such as amusement parks, museums, movies, national/ state park passes, and other activities.

Savings

This line item will also likely remain the same. When asking yourself how much you should save each month, just remember: the more money you have saved, the more you control your own destiny.

  • Emergency Fund – The most important part of savings is your emergency fund. Conventional wisdom suggests you should have at least six months of expenses in a savings account. I know a lot of people scoff at the idea of a traditional savings account where you might only earn 1% interest annually. However, if you think about it anything is better than earning 0%, or not having savings and going into credit card debt for emergencies, which will cost you 10% in interest or more.
  • Retirement – If you aren’t retired yet, please don’t forget this important line item in your budget. 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! Click here to read 34 Expert’s Tips to Save for Retirement. 
  • Other Savings Goals– Some people identify other savings goals to include in the budget. Here are a few examples:
    • Special Occasions – If you don’t plan ahead birthday’s, Mother’s Day, Father’s Day, Anniversaries, and other special occasions can bust the budget. Put a little aside each month for gifts, cards, flowers, and special dinners out.
    • Christmas – This tends to be the most expensive holiday of the year for many and can easily sneak up on you. Once again, plan ahead by saving each month for gifts, cards, decoration, and even extra groceries if you are cooking a feast.
    • Vacation – Yes, even RVers take vacations and save for airline tickets, hotels, etc.

And Many More…

There are many other expenses that vary when you make the switch from a traditional home to an RV. That’s why we created a 4-part program called Full-Time RV Finance where we cover every expense in detail and explain how the budget fits into your entire Full-Time RV Financial Plan.

Learn how to pay off debt, earn an income, and save money all while traveling full-time.

Sharing is caring!

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Have you ever wondered how much it costs to travel full-time in an RV? This guide shows every single item on our full-time RV budget to help you plan your expenses.

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