Annual cost to fulltime
I understand there is no right or wrong answer to this and there are many variables. My question is, What is the average amount you spent to live as a full-timer for one year? $10,000 - $15,000 $...
Forum Discussion
ncrowley wrote:What people spend and what income they have is not necessarily the same. If you pay close attention to an individual's posts over time on this and other RV forums and look at things like the type of RV and other toys that they have, it may seem that they are spending well below their means so that replacing the RV is not that big an issue.
Something I do not see on the lists is the cost to replace the current RV (motorized with toad or truck and trailer). Is this because people do not plan to full time long enough to have to replace their rig?
Another benefit of not spending as much as you can possibly afford is that you will have what you didn't spend to deal with the sooner or later inevitable major breakdown, illness, injury or accident and have more financial reserves to get through the crisis.
Given the inherent depreciation of all vehicles including RVs, we decided to base our RV purchase budget on what we could afford to lose the same as we did when we invested in individual stocks in the market.
We bought a trailer that many would consider a weekend/vacation model with a floorplan we liked in 2007. We traveled cross country East/West and North/South each year towing it over 60,000 miles. We try hard to avoid extreme heat and cold. In 2013, we traded that trailer for a new one. The investment income on what we did not spend on a Diesel Pusher or New Horizons etc, 5th wheel was more than enough to cover the cost of the new trailer and we still have the initial principal earning income for the next replacement or an emergency.
Everyone needs to decide what will work for them not what someone else has done or thinks is best.
