Originally Posted by zboss
Yes - I tried to steer her back on course by asking if someone could post something about published budgets. I'll stop responding to questions about insurance and moorings.
Could we split the thread?
The problem with answering the question about budgets is the answer completely depends on who is asking and their personal preference for cruising style. Also depends on the boat: size, age, condition, time since overhaul
or replacement of all the bits and pieces, on and on ad infinitum. So the question is about like asking how much a car costs. Depends on whether you're thinking about a used Toyota Camry or a new Rolls Royce Phantom.
So to get a meaningful, relevant answer about budget you would have to include in the question at a minimum:
1. Your boat: size, age, condition.
2. Planned lifestyle.
3. Your cruising style IE where, how often and how far you sail.
4. Cruising area.
Very generally here's my breakdown:
: Similar to what you spend at home. Very cheap
IF you are willing to buy local and don't insist in getting the same items and brands you get at home. The alternative, if at home you frequently eat out a fancy restaurants and drink expensive wine with dinner you will have similar costs cruising. So, cook on board, buy local produce at the local market your cost could be as low as $150-$200/month. On the high end as much as $2000-$3000/month eating out every meal 4-5 days a week including wine and drinks.
. Living on the cheap
buy a new bathing suit and a couple of t-shirts every few months. Hang out at fancy marinas
you have to keep a new blue blazer and all the fixin's at hand.
Marina costs. Even more variable. If you anchor
out every night the costs are zero. If you rent transient docks every night cruising around New England
it could be $4000/month.
Entertainment. How much do you want to spend?
Insurance. In the US for full coverage costs me under $100/month. Liability only, much cheaper. International, more.
, etc. Also extremely variable, depending how much you sail vs motor
, and how much time you're moving vs anchored or docked. I spent an average of $20-$30/month max when I was cruising.
, based on my 42' monohull
- Haul and bottom paint
. DIY in a cheap area, $600-$800 every year or two. Pay the yard to do it in Newport
. Depending on how much you sail, new sails
every 4-5 or 8-10 years. $6000-$8000 for good cruising sails, double or triple for fancy laminate or other high tech. Amortized monthly call it an average of $100/month
. Experts recommend max 10-12 years life span for SS wire. Again based on my boat $3000-$4000. Call this $25-$50/month.
. For my boat a new engine
would be around $12-$15,000. Don't plan on buying
one but won't know that until it dies or doesn't.
- Misc rope
, pumps, rigging
shackles, this, that and the other. Hugely variable, guess $15/month if your boat starts out in good working order. Older boat where all this stuff is on the way out, triple or more until you get things under control.
When I lived in the Bahamas
back in the late seventies I lived on about $100/month. I never stayed at a marina, sailed or rowed everywhere I went, mostly lived on beans and rice, spaghetti, etc and the seafood I caught. After a couple of years the big bills finally came due. New alternator
, a new main, replaced some of the rigging and general overhaul
. So the $100/month plus all this became closer to $300/month for a two year period.