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Old 07-05-2010, 18:09   #1
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Kept Track of All Finances ?

Just wondering if there are any people out there who have kept track of all their finances for extended cruising?? Im thinking like circumnavigators. And Im talking ALL of their expenses. Just curious.
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Old 07-05-2010, 18:21   #2
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There have been a number of articles published, in mags and in forum threads. Probably none as extensive as you are asking for but a number that have gone into a lot of detail.
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Old 07-05-2010, 19:26   #3
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As a matter of habit I keep a record of every penny that I spend.

Have been doing it for years both for clients and myself.

Now that I am retired, my girlfriend enters and maintains our “expenses spreadsheet”, (coded for easy sorting).

It has the desired effect to show her how much we spend....
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Old 08-05-2010, 14:57   #4
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Quote:
Originally Posted by dniello View Post
Just wondering if there are any people out there who have kept track of all their finances for extended cruising?? Im thinking like circumnavigators. And Im talking ALL of their expenses. Just curious.
I was about to pass a coment on the psyche (or lack there of) of folks who track every little cent!

Then I decided I would shut up!



Quote:
Originally Posted by Pelagic View Post
As a matter of habit I keep a record of every penny that I spend.

“expenses spreadsheet”, (coded for easy sorting).
I even hate anyone who can even set up and spreadsheet... I detest those that even know what XLS means!


dniello, I have looked at a fair few expenses sheets that people have kept and some available on the internet.
They show me one thing: The basic expenditures as quite similar. There are just a few areas where some cruisers bugets exceed or double the others: Marinas and Resturants. Higher budgets can include a trip home.

So, within reason, it looks like 3 cruisers on, say, $15,000, $20,000 and $25,000 PA each spend $15,000 on cruising & living. Then the higher one spends more nights in marinas are eating out and the highest does that and flys off at Christmas etc.

Of course I can't find my folder of other peoples budgets
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Old 08-05-2010, 15:06   #5
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Well, I don't yet...but if/when we get aboard, I plan on it. And yes, in a spreadsheet, because that way I can have statistical fun with it.
Probably will track other things too...
What can I say, keeping track and taking notes is an anxiety reliever for me - cheaper than Valium!
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Old 08-05-2010, 16:57   #6
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Quote:
Originally Posted by MarkJ View Post
I have looked at a fair few expenses sheets that people have kept and some available on the internet.
They show me one thing: The basic expenditures as quite similar. There are just a few areas where some cruisers bugets exceed or double the others: Marinas and Resturants. Higher budgets can include a trip home.

So, within reason, it looks like 3 cruisers on, say, $15,000, $20,000 and $25,000 PA each spend $15,000 on cruising & living. Then the higher one spends more nights in marinas are eating out and the highest does that and flys off at Christmas etc.
Clear, succint, useful. Thanks Mark
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Old 08-05-2010, 17:49   #7
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Not all, but all major - yes. Up to like 5% I think.

b.
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Old 08-05-2010, 23:47   #8
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Cruising Expenses

Dniello,
It's rare that the answer to a question posted, is so easy....

1) Yes, I DO know of one cruiser (family of four) who document ALL their expesnses, itemize them, and post them on-line for all.....

Rich Boren and family, on s/v Third Day.....

Read their website and see everything you ever wanted to know....
Third Day
and a direct link to the expense list....
http://www.svthirdday.com/PDF/expenses.pdf



2) Second part of the answer is:
You will spend what you have......simple as that....

I hope this helps you out.....


John
s/v Annie Laurie
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Old 09-05-2010, 00:40   #9
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Rich Boren and family, on s/v Third Day.....
Having a look at their expenses reminded me there are always cost you could never imagine ebfore setting out, or arriving in some place. One was the $2.40 per day dinghy fee in Panama. If you are on a budget and anchor out but dinghy in each day thats over $60 per month. They get you!

Whatever someone calculates as the amount they will need once they go cruising the will always get some rude surprise! Even cheap adds up quickly.

Oh well, its better than paying the bus fare for the 8:05 am to the city!
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Old 09-05-2010, 05:39   #10
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That S/V Third Day link was the best "how much does it cost" answer I've seen. Got the shakes reading their alchol expensives (because it was so low). Was interesting to see that most of the medical expenses are for the CAT!
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Old 09-05-2010, 08:34   #11
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That's pretty thorough! On that budget, we could almost go NOW - well, if we had a boat. The "Unplanned Boat Repairs" category stood out though, would be interested to know what had to be done that wasn't planned for that ran up nearly $4000. (Not that it's necessarily a lot - our "unplanned" transmission rebuild on the car was about $2000, and that was all at once, not spread over the year.)
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Old 09-05-2010, 16:09   #12
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The details are there....

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The "Unplanned Boat Repairs" category stood out though, would be interested to know what had to be done that wasn't planned for that ran up nearly $4000...
Mariness,
The description of what these expenses are for, is right there in the pdf...
Every month has some additioonal detail / commentary.....

Here's a couple of examples.....
In Sept '09
Quote:

We are making a Driving trip to El Centro for our new anchor windlass
so September will be yet another budget buster month due to unplanned
boat repairs! About $2K for the windlass…yikes!
In May '09
Quote:

$87.5 in Marina fees for welding work
$650 Stern pulpit welding repairs and upgrades
and to add solid SS railing around pulpit for future chartering
Plus other things such as anchor windlass solenoid, new start battery, new battery charger......
Etc. Etc. Etc.....
The details are all there.....


And, if you want editorial details of all of this, and a whole lot more, please read their "ship's log blog".....
Rich and family are a great bunch of folks......


John
s/v Annie Laurie
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Old 09-05-2010, 19:53   #13
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Originally Posted by MarkJ View Post
I was about to pass a coment on the psyche (or lack there of) of folks who track every little cent!

Then I decided I would shut up!

I even hate anyone who can even set up and spreadsheet... I detest those that even know what XLS means!
Mark, I know part of what you say is tongue in cheek …but your premise is a bit silly.

By definition, cruising sailors manage their resources not only to be able to predict their range but also to keep track of their inventory and prioritize their “to do” list when they need to do some business ashore.

Anyone who needs a spreadsheet to decide if they can live the life they choose is allowing the numbers to control them... rather than... them controlling the numbers.

If being proactive is a Sin…. Then guilty as charged!
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Old 09-05-2010, 23:02   #14
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Cruising Family Year End Expenses

We are a cruising family of four and I keep track of everything we spend daily on a notepad *yes, I carry it with me* and then enter it into a spreadsheet every month. It's anal, I know, but we want to KNOW what we spend our money on. We love cruising and we want to continue. Keeping track let's us know if we need to do less eating out one month or if we can splurge for a marina stay another month. I've posted our 2009 year-end link here: Expenses First Cruising Year (Friday 01/01/10) | Expaticus

We just sold our 35' Cal Cruising (Windfall) and are on the hard in Mazatlan, MX on our 41' Tartan TOCK (Hotspur) making repairs. We upgraded to a larger boat so we could continue our cruising more comfortably. I am still recording all our expenses, but I haven't posted them by the month as my New Year's resolution dictated. I'll do that in the next few days. It will be interesting... maybe even terrifying! *where's the puking icon?*
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Old 10-05-2010, 00:25   #15
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. maybe even terrifying! *where's the puking icon?*
LOL. Yeah, I'll load you in with Pelagic!

You did very very well for your first year out!

You did West coast USA from up north to the Sea of Cortez?

Some of your expenses are really low... fuel, water, lots of incidentals seem to be very good. We would love a year like that! especially considering theres 4 of you.

All the best with the new bigger boat

Mark
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