Annual Live Aboard Budget ?

[MoonlightShadow]

Wow. That's deep Eric. ...difficult to accept one's own abilities! In my case: difficult to find!

[Weyalan]

I'm bumping this thread as it appears that the questions answered here get asked quite regularly... mods can un-bump it if they see fit...

[wolfenzee]

I have had to do a rethink of lie-aboard budget, as I am planning to cut my land ties and wanted to figure how much that would free up for a cruising budget. My income is $90/mo..cutting expenses that will be left behind on the dock frees up 50-60% of my income, the refit I am performing this winter about 20% of my income, most of the rest are expenses that I will continue to pay in one way or another (health insurance and monthly cost, mail box w/re-mailing. food and phone, etc.). This not only gave me a good idea of what I had to work with but also a good example of a live aboard budget

[Hannah on 'Rita T']

Wolfenzee, obviously a typo but I can't figure out how many zeros you left off. If not, good on ya.

[wolfenzee]

Originally Posted by Hannah on 'Rita T'

Wolfenzee, obviously a typo but I can't figure out how many zeros you left off. If not, good on ya.

Just 1....my income is $900/mo

[LaRaven]

Great thread! Thank you for your input! I'm working on the five year plan to retire. Will sell one of my properties for a 30-40', take my meager pension (was self-employed nearly 20 years) and head down to Belize & Caribbean for winter months to start and then who knows...

These numbers fit my general guesstimate. I'm now planning the moves to make it happen! Anything is possible!

[harryrezz]

How much ya got???
That's what it costs!

[boatman61]

Originally Posted by harryrezz

How much ya got???
That's what it costs!

Jesters do oft prove prophets..... Bill Shakespeare

Costs me all I've got... regardless of boatsize..

[bljones]

I've got what I've got.

I spend what I've got.

Ergo, my budget is every damn dime that I've got.

[wolfenzee]

Originally Posted by bljones

I've got what I've got.

I spend what I've got.

Ergo, my budget is every damn dime that I've got.

So do I, but as things stand 70% of my income goes into land ties and refit(costs that will be eliminated when I leave)...which will leave me with a comfortable cruising budget.

[Cacique]

Originally Posted by bljones

I've got what I've got.

I spend what I've got.

Ergo, my budget is every damn dime that I've got.

This is so true, but you still have to budget.

[Brent Swain]

My next $92 pension check seems to always roll in before the last one is spent.
No typos.

[osirissail]

Originally Posted by wolfenzee

I. . . most of the rest are expenses that I will continue to pay in one way or another (health insurance and monthly cost, mail box w/re-mailing. food and phone, etc.). . . .

If I read that correctly he is removing ALL living costs including food, etc. and only considering the $900 for direct boat expenses involved in cruising such as diesel, check-in/out, and discretionary stuff like tours and local entertainment.
- - If that is true than - yes, $900/month is really good to go.

[adriadream]

1974 Power Diesel Trawler/Two people living on it:

Mooring/Marina: 4200
Insurance: 1800
Towing Service: 250
Diesel: 5000 (if we cruise over 2500 mi)
Maintenance: 5000 (included bottom and sides painted)
Food: 3600
PumpOut/Utilities: 1500
Phone/Internet/TV: 1680
Transportation: 7000 (including car payment/insurance and gas)

Annual cost +/- = $30530

Need income at least $2500 monthly to cover LA cost.

This is for people who are still tied to land bc of job or just want to live closer to land.

Now cut the job and land ties:

1974 Power Diesel Trawler/Two people living on it:

Mooring/Marina: 0
Insurance: 1800
Towing Service: 250
Diesel: 5000 (if we cruise over 2500 mi)
Maintenance: 5000 (included bottom and sides painted)
Food: 3600
PumpOut/Utilities: 0
Phone/Internet/TV: 1680
Transportation: 0 (including car payment/insurance and gas)

Annual cost +/- = $17330

Still need income around $1500 a month in order to cover the LA cost.

It is hard to imagine to be a LA without having an income at least $1500 a month if you have power cruiser. If you have a sail boat, you are still looking at least $1000 income a month. It would be very hard to do it with less.

[zeehag]

"It is hard to imagine to be a LA without having an income at least $1500 a month if you have power cruiser. If you have a sail boat, you are still looking at least $1000 income a month. It would be very hard to do it with less."
i8 know many who are able quite able to live on considerably less--- they receiie considerably less. they just learn to livve without many things and stretch the haulouts to 5 yrs instead of yearly and they downsize to accommodate their meager income. they would be in homeless shelters if they lived in land dwellings. these are not bums nor indigents. they earned their meager income by working all their lives.
my ssdi brings me a lot less than your projected monthly minimum budget--LoL--i have been living aboard since 1990 making differing amounts every year until i became disabled and could n longer do that which i so enjoyed doing. we manage to liive within our means and repair boats and travel..... wonder how that could possibly be?????? isnt like i have a teensy weensy boat or anything like that, either....