Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 22-09-2016, 13:03   #16
Registered User

Join Date: Jun 2016
Posts: 14
Re: Cost to Cruise with Family of Four

A64: Thanks for the clarification, I should have used a different term for maintenance, perhaps major repairs. I am wondering if we shouldn't plan on another year of working or 2 to further build up a big ticket repair fund as well. I would really rather never touch the principal.

I understand the flippant response however, the fear seems to take hold with that response. I would like to think we can continue to live within a budget and if it was just my wife and I we would have no problems however, I am jumping off the deepend with little means to come back to our current positions/state of life if we can't keep the budget and need to be able to support 2 young girls to make sure they have a better way of life that we have. I need to continue to research means to assist with staying within the budget.

Mikeod: How long were you gone for each time, does the figure you use take into account the maintenance or do you use the periods you are not cruising to cover those expenses?
__________________

__________________
bennenrkc is offline   Reply With Quote
Old 22-09-2016, 13:06   #17
Registered User

Join Date: Feb 2012
Location: Toronto area when not cruising
Boat: Bristol 45.5
Posts: 629
Re: Cost to Cruise with Family of Four

I think it is doable but it depends so much on your expectations and the lifestyle you choose. Insurance (boat and health) is an obvious one - you can spend nothing or a lot on these. We found that we lived quite cheaply with some months and places very cheap (crossing an ocean is free basically) and others more pricey. For example, in South Africa we did not begrudge the money to head into the interior for several weeks to look at the animals and experience the culture of SA and Lesotho. But (and there always is a but) we had fall back funds when we needed them for an emergency (hospital stay) or big ticket item (a couple of new sails).
__________________

__________________
Still looking for our next boat. Have decided we want to have something that will keep us happy for the next 10 years or so. By then I will be pushing 80 and if i am still sailing that will be a very good thing.
AiniA is offline   Reply With Quote
Old 22-09-2016, 14:22   #18
Senior Cruiser

Cruisers Forum Supporter

Join Date: Aug 2009
Location: between the devil and the deep blue sea
Boat: a sailing boat
Posts: 16,829
Re: Cost to Cruise with Family of Four

If you want to eat the cake and have the cake, you must make sure your capital works for you.

Your withdrawal rate alone is irrelevant. It is all in the withdrawal/return relationship. As long as you are making more than you are taking out, you are basically set to have both things.

b.
__________________
barnakiel is offline   Reply With Quote
Old 22-09-2016, 15:22   #19
Senior Cruiser

Cruisers Forum Supporter

Join Date: Dec 2010
Location: Cruising Indian Ocean / Red Sea - home is Zimbabwe
Boat: V45
Posts: 1,274
Re: Cost to Cruise with Family of Four

We have cruised for many years, since 1995, with our four children being delivered during this time. Your budget is very real but is dependent upon your habits. There are heaps of posts on this subject but anchoring out and eating on the boat shall be massive savers. You dont ID whether your insurance has to come out of this budget? Not withstanding, the single biggest influence is your locale. The Caribbean can be expensive whilst the Indian Ocean is pretty reasonable on costs; until you need spare parts. Much also depends on your own capability. Just an annual haul out can really dent your budget. We have parked up annually for scrubbing and antifouling on remote beaches saving thousands. These types of actions really save the bucks and are satisfying.
__________________
Bulawayo is offline   Reply With Quote
Old 22-09-2016, 15:26   #20
Registered User

Join Date: May 2014
Boat: Morgan Out Island 41
Posts: 683
Images: 2
Re: Cost to Cruise with Family of Four

Quote:
Originally Posted by bennenrkc View Post
My wife and I, 30ish, have worked hard over the past few years/ gotten lucky on a few business deals and we are looking to escape the rat race, raise our 2 daughters, and travel the world.

We are keenly interested in cruising to accomplish this, however the one thing we are having a hard time calculating is the cost of cruising. I have read several of the threads, including the 7 years cost data, Mexico for 1k a month, and just about every thread I can find that would give us some indication. I have enjoyed reading Beth Leonard's book but I question the numbers as they are several years old (we would fall into the moderate lifestyle, and I am hoping some cruising families would be willing to let us know if it is feasible to do on ~3600/mo all inclusive which would be about 3% annual withdrawal rate from the nest egg. This would likely be on a used 40-44 ft cat, and ability and willingness to perform most maintenance and repair tasks on our own with hopefully no deadlines, except we would probably like to be back in the states in time for our oldest to go to high school to ensure ability to succeed in college.

So is it possible?

p.s. GordMay will be visiting as this is my first post. So thanks for all the participate in cruisersforum it has been a wealth of knowledge.
$3600 a month should be easily doable, or does that mean you are making payments on your boat too? our budget going south with 2 kids (hopefully next year) is only $1500 a month
__________________
pcmm is offline   Reply With Quote
Old 22-09-2016, 15:44   #21
Registered User

Join Date: Dec 2014
Location: the Med
Boat: Nauta 54' by Scott Kaufman/S&S - 1989
Posts: 903
Images: 3
Re: Cost to Cruise with Family of Four

Marinas and restaurants are miserable ways to spend money, imo

I have a 100# anchor for this, and I am a great cook, and drink one bottle a year��
__________________
TheThunderbird is offline   Reply With Quote
Old 22-09-2016, 16:05   #22
Registered User

Join Date: Sep 2012
Posts: 4,824
Re: Cost to Cruise with Family of Four

If your just cruising for a year or two you can really keep the budget tight if you have to. Once your out for a longer period your costs go up as you have to start replacing things. Your cruising grounds make a huge difference in costs. If you hang around a cheap to live area for long periods of time it keeps your costs down. If you want to cross oceans that will increase your costs exponentially as these long crossing really work the boat and the gear. There is no easy answer. You can't compare costs of someone hanging out in Mexico or the Caribbean part time to someone voyaging to many different parts of the world. Enjoy the dream and good luck with your final decision.
__________________
robert sailor is offline   Reply With Quote
Old 22-09-2016, 16:26   #23
Registered User

Join Date: Jun 2016
Posts: 14
Re: Cost to Cruise with Family of Four

Quote:
Originally Posted by pcmm View Post
$3600 a month should be easily doable, or does that mean you are making payments on your boat too? our budget going south with 2 kids (hopefully next year) is only $1500 a month
This does not include payments on the boat. Boat would be paid for. Price of the boat will directly drive the ability to have a boat maintenance fund, if any.....

I have found a few expat health insurance plans that were relatively cheap, though I have not had the time to dive in and read the actually policy docs to see what they cover to determine if that is feasible. I agree that if we were stuck with ACA health insurance pricing that budget would be pretty well blown. I am hoping one of you may have the answer for the health insurance issue.
__________________
bennenrkc is offline   Reply With Quote
Old 22-09-2016, 19:24   #24
Registered User

Join Date: Dec 2014
Posts: 520
Re: Cost to Cruise with Family of Four

Quote:
Originally Posted by bennenrkc View Post
This does not include payments on the boat. Boat would be paid for. Price of the boat will directly drive the ability to have a boat maintenance fund, if any.....

I have found a few expat health insurance plans that were relatively cheap, though I have not had the time to dive in and read the actually policy docs to see what they cover to determine if that is feasible. I agree that if we were stuck with ACA health insurance pricing that budget would be pretty well blown. I am hoping one of you may have the answer for the health insurance issue.
Healthcare in Mexico is very good and inexpensive. Ask around when you get there.
__________________
captlloyd is offline   Reply With Quote
Old 22-09-2016, 22:45   #25
Registered User
 
Fore and Aft's Avatar

Join Date: Jan 2015
Location: Gympie
Boat: Volkscruiser
Posts: 71
Re: Cost to Cruise with Family of Four

If you make it to Australia we spend about $220 a week to feed a family of four, so that leaves plenty of your monthly budget to do other things.
The choice of your boat will put the biggest dent into your monthly budget. Owning a 40 foot cat is like maintaining two 40 yachts and a tennis court in-between. Two lots of engine spares when doing servicing, double the marina and slipway rate (at least here in Oz) etc. All that space is nice but you really pay for it.
Good Luck
Drew
__________________
Fore and Aft is offline   Reply With Quote
Old 23-09-2016, 01:37   #26
Registered User
 
Sea Dreaming's Avatar

Join Date: Sep 2015
Location: Whoo! Finally made it back to Mexico!
Boat: Cheoy Lee Offshore 38
Posts: 1,450
Re: Cost to Cruise with Family of Four

Quote:
Originally Posted by bennenrkc View Post
Price of the boat will directly drive the ability to have a boat maintenance fund, if any.....
This statement is a budget killer right there. Do not make this mistake. Your boat will need to be maintained, stuff will break. Not "maybe" but absolutely. If you don't plan for this in your budget, your voyage will end long before you want it too. "Penny wise and pound foolish".
__________________
If toast always lands butter side down, and cats always land on their feet, what would happen if you strapped toast to a cat's back and dropped it? - Steven Wright
Sea Dreaming is offline   Reply With Quote
Old 23-09-2016, 01:46   #27
Senior Cruiser
 
Kenomac's Avatar

Cruisers Forum Supporter

Join Date: Jan 2012
Location: Somewhere in the Adriatic Sea
Boat: Oyster 53 Cutter
Posts: 7,597
Re: Cost to Cruise with Family of Four

Quote:
Originally Posted by bennenrkc View Post
Will we only be able to enjoy Mexico for that budget?
You can live well in the Med on your budget, where you can anchor most of the time instead of staying in expensive marinas. 1000 times more to see and the kids will receive a great history lesson.

There's more to life and cruising than cheap tacos. IMHO.

Keep in mind, many of the CF people posting on this subject have never cruised full time, and don't have any idea of what it actually costs. Most are just reposting what they've read. With $3600 per month over and above the purchase price of your boat, you'll be just fine.

PM Bulawayo for better more accurate information. They're doers... not dreamers.

Regarding Healthcare in Mexico being cheap and high quality for foreigners... What a crock.
__________________
Kenomac is online now   Reply With Quote
Old 23-09-2016, 03:21   #28
Registered User

Join Date: Jun 2016
Posts: 14
Re: Cost to Cruise with Family of Four

Quote:
Originally Posted by Sea Dreaming View Post
This statement is a budget killer right there. Do not make this mistake. Your boat will need to be maintained, stuff will break. Not "maybe" but absolutely. If you don't plan for this in your budget, your voyage will end long before you want it too. "Penny wise and pound foolish".
I guess I was meaning based on some of the earlier posts that mentioned we might not have enough that if we do switch to a monohull or a cheaper cat we would have an additional fund for boat maintenance over an above the other stated minthly amount.

How much of that monthly budgeted amount needs to go towards the boat? This is a question that I realize is also hard to answer.

So I guess I am taking your response to be that we can't do it for the stated budget amount without a significant increase for boat maintenance. Would an additional 100k maintenance fund be enough? More?
__________________
bennenrkc is offline   Reply With Quote
Old 23-09-2016, 03:56   #29
Registered User
 
Sea Dreaming's Avatar

Join Date: Sep 2015
Location: Whoo! Finally made it back to Mexico!
Boat: Cheoy Lee Offshore 38
Posts: 1,450
Re: Cost to Cruise with Family of Four

Quote:
Originally Posted by bennenrkc View Post
I guess I was meaning based on some of the earlier posts that mentioned we might not have enough that if we do switch to a monohull or a cheaper cat we would have an additional fund for boat maintenance over an above the other stated minthly amount.

How much of that monthly budgeted amount needs to go towards the boat? This is a question that I realize is also hard to answer.

So I guess I am taking your response to be that we can't do it for the stated budget amount without a significant increase for boat maintenance. Would an additional 100k maintenance fund be enough? More?
Oh good gosh no! I don't mean to make boat maintenance seem like the devil. I just mean that you hAve to account for the costs and don't ignore that.
What kills any budget is cost overrun. Just keep a reserve for the inevitable cash out lay for unexpected repairs in remote places. A safety net that is readily accessible "just in case" 10,000 20,000, that's up to you.
Will you have enough? Yes! There are very good boats out there at nearly any price. Just don't sink every penny into the boat without leaving yourself a bit of room.
__________________
If toast always lands butter side down, and cats always land on their feet, what would happen if you strapped toast to a cat's back and dropped it? - Steven Wright
Sea Dreaming is offline   Reply With Quote
Old 23-09-2016, 05:02   #30
Senior Cruiser
 
Ramblingman's Avatar

Cruisers Forum Supporter

Join Date: Feb 2013
Boat: Chesapeake Light Craft Passagemaker, Tyler Craft T42, and 9' RIB.
Posts: 148
Re: Cost to Cruise with Family of Four

You might want to check out the family on TOTEM.

Sailing Totem and their book. They will be at the US Sailboat Show in Annapolis this Fall.

They are in or just leaving Atlantic City NJ at the moment.
__________________

__________________
Ramblingman is offline   Reply With Quote
Reply

Tags
cruise, family

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
30 footer for a family of four to the Bahamas subquanta General Sailing Forum 17 18-04-2012 08:40
Catamaran Size for a Family of Four ? irvus Multihull Sailboats 28 12-07-2011 14:16
Help Me Pick My Boat (Family of Four Liveaboard) _Oxygen_ Monohull Sailboats 25 09-02-2010 09:43
Cruising Boat Recommendations for a Family of Four SV Demeter Monohull Sailboats 12 10-12-2009 07:46
Family of Four Getting Ready to Go Ready2gosoon Meets & Greets 7 27-09-2009 18:59


Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 03:44.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.