How Much Does it Cost to Live on the Road?
Greetings from South Korea! How much does it cost to live on the road for at least part of the year? My husband is set to retire from the military in a few years and we are trying to figure out how...
Forum Discussion
Not a full-timer here, but have spent months traveling in our Class C. Talking to several different couples who do full-time, I will pass along some of their thoughts. If you enjoy your lifestyle now, you will want to maintain those interests. Do not plan to cut back or cut out things you really like to do. That said, if your basic habits like eating, working, remain the same, then realistically, your cost of living will remain about the same. You will likely spend about the same amount of money, but in different places. So, the first step in planning for future expenses, is to determine how much you are spending now, and where you are spending the money. In other words, create a budget. What you spend is not necessarily what you earn.
Once this is completed, factor in inflation approx. 3.5 percent a year until you reach retirement. Study that number and determine how you will come up with the cash to meet it. Examples include savings accounts, investments, annuities, bonds, etc. In some instances a part-time job will be necessary or work camping to achieve your number. Early planning now will help later. Good Luck.
Once this is completed, factor in inflation approx. 3.5 percent a year until you reach retirement. Study that number and determine how you will come up with the cash to meet it. Examples include savings accounts, investments, annuities, bonds, etc. In some instances a part-time job will be necessary or work camping to achieve your number. Early planning now will help later. Good Luck.
