Forum Discussion
SkiMore
Jan 05, 2014Explorer II
nazpaz wrote:
Thanks. Doing depreciation is beyond my capabilities and while I know people do it, I can't imagine being fulltime while making RV payments.
I do agree with preparing for a future RV update. We're doing that but I'm expecting it to be several years before we have that expenditure. (I kind of doubt that I would show what we paid in my blog though :) )
Agreed, what you paid for your RV is your business. The rough cost of your rig isn't a big mystery. You have a model XYZ and the price can be looked up. You may have gotten a great deal or a crummy one, but if someone is interested in what your rig is worth they can find out pretty easily.
I guess I was saying that if you plan on trading in your RV in 5 years and think the upgrade will cost $30K dollars you could add a line to the expenses titled something like "RV upgrade fund" of $6K/year ($30K / 5 ). It may be better than waiting until year 5 and have your expenses jump up by $30K for that year. It doesn't matter much if you don't do it in exactly 5 years or don't spend the target amount.
People need to factor in cost of RV, RV replacement, depreciation or something similar if they are trying to figure out their cost to fulltime.
On second thought I suppose that you could live the way you do in a $15K RV or a $500K RV. The fuel and maintenance costs would be different, but everything else would be the same. Maybe the cost of the RV shouldn't be in the public spreadsheet.
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