Originally Posted by FindingFreedom
I am just getting into the "Live Aboard" lifestyle and I am trying to figure out what the real costs of the "Cruisers" life is. As I have gone through and tried to make a planned budget for a year I have no idea if it is based in reality or just a false expectation of a "Newbie Know Nothing". So please feel free to comment, correct and or direct me to any areas where I may lack a realistic budget. All cost are for a 1 year period of time and include my areas of assumption;
1) Boat Maintenance
& Upgrades - Per Year - $6000
2) Boat Insurance
3) Marina / Hard Costs - $4500 (Plan to spend majority of time on hook)
4) Provisions - $10,000 (expect between $800 & $850 per month. Will not eat out much or often)
5) Country Entry/Immigration Fees
- $3000 (Figured for Caribbean)
(Diesel) - $2500
That brings me to $27,600 annually.
Is that a realistic expectation? Is it low or too high?
Look forward to your responses.
Let the opinions & experience comments begin.
Overall, fairly good. Insurance might be a little low but provisions seems high if you mostly eat onboard. I suspect once you get out there, those will cancel out.
As someone mentioned, health
insurance/care doesn't appear to be included.
Assuming you are reasonably handy and the boat isn't a fixer upper....$6k/yr for maintenance seems fairly reasonable but if you don't spend it all one year, save it for future years.
Also, are you planning to do anything beyond sitting on the back deck
watching life go by? What about flying home once or twice a year to visit friends & family
? Do you want to do any other traveling? This is one reason, we've kind of lost
interest in the Caribbean
...once you've spent 6 months staring a different beautiful beach each day, does it get old.