Originally Posted by Mike OReilly
To be slightly serious, the reason these threads rarely result in answers to this ultimate question is b/c there is no general
answer. It depends on each person's lifestyle, their boat, their choices, and what they consider needs vs wants. It's the same as asking how much it costs to live on land -- it depends. It depends on where you live, the kind of house you have, your lifestyle choices, what your needs are, etc, etc, etc.
To answer the "how much does it cost" question I think you need to specify the general boat size, the location you're cruising in, the size of crew, their lifestyle needs, and likely a bunch more parameters I'm not thinking of right now.
To borrow from fine literature, you need to know the ultimate question
before you can understand the ultimate answer .
I think you have nailed it.
I tend to do things from a very frugal perspective.
Have only bought one new car in my life, way back in my 20's. Quickly figured out I didn't like payments or the massive depreciation. Last vehicle I bought was a minivan three years ago for $4k, which had cost me $300 in repairs
in that time. It has safely brought me back and forth from Florida
to Alberta twice.
I don't buy any processed food
, with the exception of canned goods when I'm on the boat. Bake my own bread. I've had monthly food
bills as low as $93 (lots of carry over), although $180-200 is more normal. Rarely eat out. Meat tends to come from hunting when in Canada
, and mostly chicken in the USA, where it is about half the price
. Lots of fresh fruit and veggies. I tend to shop at Aldis if available as opposed to Publix or even Walmart, and deal with a wonderful family
owned veggie stand when in Florida
. I don't drink so that saves tons.
I'm renovating both my condo in Florida and house in Alberta. Materials are bought at auctions or clearances. Work is done by myself. Quality tools come from pawn shops. Throw away tools from Harbor Freight or Princess Auto.
The boat I bought had most of the work done by the previous owner, yet I paid half or less from any of the same model listed on Yachtworld or sailboatlistings.com, due to the previous owner's circumstances.
Is this frugality for everyone?
Perhaps not. It does take some effort, and time. Deals sometimes seem to just happen, and one needs to recognize those. As example, T-Mobile $70 plan gives me unlimited talk, text, internet
and I can even tether a laptop
for up to 2.5 gig. Not having a TV helps.
Can I cruise
on $500/month? Some months yes. I don't count on it though. There are just too many variables to do that regularly.
$750 a month?
NOW we're talking!