I've been a boat owner for 12 years, and am thinking of moving up a little to accomodate a growing family
, but I'm not sure how much is "prudent" to spend. I'm a tightwad by nature, so it's hard for me to buy anything expensive.
is three day weekends, year-round. It's where we spend almost all our family
time (three days a week), and we all love it. I read somewhere that a lot of Americans spend up to 5% of their income
just playing video games and watching movies, so that made me feel a lot better about my current
boat represents 2.0% of my financial networth. My yearly expenses on my current boat are about 2.0% of my gross income
Is there any consensus on what "reasonable" numbers are for boat ownership
(weekend-only cruising) as a percent of networth and income?