Original price estimates..
This page is here so that you can see some of the original estimates that
I made during the planning stage. I wanted to keep these available to show
some of the things that I was right and wrong about when planning for my
extended trip. Remember that the original estimates were done early on
in 1997.
When I decided to go fulltime, I needed some idea as to the cost of
life on the road. I did a little research, and came up with the following
estimated costs. A lot of these estimates were based on very little hard
data, but the numbers sounded good at the time.
Original Schedule of Estimated Costs
Bill
|
Basis for Estimated cost
|
Yearly
|
Daily
|
Gas
|
10,000 miles/year @ 7 miles/gallon @ $1.50/gal
|
$2142.86
|
$5.87
|
Camping
|
$15.00 per nite average
|
$5475.00
|
$15.00
|
Food
|
$200.00 per month
|
$2400.00
|
$6.58
|
Bills
|
-
Health insurance... $178 / month - $2136 / year
-
Trailer insurance... $350 / year
-
Truck Insurance... $300 / year
-
Mailbox and forwarding ...$200 / year
-
Cell phone ...$360 / year
-
Internet access ...$300 / year
-
Club dues (Elks, SKP) ...$130 / year
-
Medications ...$100 / year
|
$3876.00
|
$10.62
|
Admission
|
Entrance fees for various attractions.. wild guess: $2.75 / day
|
$1003.75
|
$2.75
|
Misc.
|
Assorted non-repeating costs... wild guess: $3.00 / day
|
$1095.00
|
$3.00
|
|
Grand Totals
|
$15,992.61 |
$43.82 |
OK, The above estimates told me that I could get by on $16K a year. Anyone
want to guess what I missed? Or where I was way under or over on actual
costs? See the next section for a cut at the actual costs.
September 1997
I realize that it's only been a couple of months, but I'm beginning
to get a feel for what it really costs..... I missed the boat in a couple
of areas on the estimates, and will have to adjust them upwards to match
reality. First, some explanation:
-
Gas .. I figured on only 10,000 miles a year.
So far, I have been averaging 2000 miles a month or so. Obviously the country
is bigger than I expected! This estimate should probably be revised upwards
by at least 50%. And I don't travel every day: I try to stay put at least
2 or 3 nites most everywhere I stop, and rarely travel more than 200 miles
in a day. Well, If you do the math, that's 200 miles every 3 days.... or
2000 miles a month. Shazam! I suspect that as I spend more time out here,
I'll probably travel less and stay put more, so for now I'll bump the estimate
up to 17,000 miles a year, or about $10.00 / day or $3650.00 / year at
the calculated rates of 7 MPG and $1.50 / gal.
-
Camping .. I hit this one pretty close... I'm
currently averaging about $12 a night, and some of the costs will be higher
down south during the winter season, so no changes here.
-
Food .. I missed this one by a mile! I was
estimating a little over $6.50 per day for food, which is pretty low. What
I failed to consider is that most of the non-edible items needed to conduct
life-as-we-know-it always wind up as part of the trip to the grocery store.
Things like cleaning products, plastic bags, bug spray and paper products
all get added in. I guess it makes sense why my ACTUAL food bill is running
closer to $13 per day! I think that this one will come down a little, but
we'll just have to see. New estimate will be $10 per day, and I'll see
if I can meet that....
-
Bills .. No surprises here.... only the addition
of $240 / year for the satellite TV service, and coverage for vehicle registrations,
which I plumb forgot! New estimate is $4216 / year.
-
Admissions .. I'm staying well under the original
estimate on this one so far.
-
Misc. .. Ouch! I'm running almost 3 times over
my original (and admittedly optimistic) estimate of $2.35 / day. Part of
the reason is that when you just start out living in an RV, there are bound
to be a lot of little things that you discover that you need to make life
more comfortable. This figure should drop over time, but for now I'm going
to re-estimate it at $5 / day
Here's the revised information:
Revised Schedule of Estimated Costs
Bill
|
Basis for Estimated cost
|
Yearly
|
Daily
|
Gas
|
17,000 miles/year @ 7 miles/gallon @ $1.50/gal
|
$3650.00
|
$10.00
|
Camping
|
$15.00 per nite average
|
$5475.00
|
$15.00
|
Food
|
$300.00 / month
|
$3650.00
|
$10.00
|
Bills
|
-
Health insurance... $178 / month - $2136 / year
-
Trailer insurance... $350 / year
-
Truck Insurance... $300 / year
-
Mailbox and forwarding ...$200 / year
-
Cell phone ...$360 / year
-
Internet access ...$300 / year
-
Club dues (Elks, SKP) ...$130 / year
-
Medications ...$100 / year
-
Satellite TV ...$240.00 / year
-
Vehicle registrations ...$100.00 / year
|
$4216.00
|
$11.55
|
Admission
|
Entrance fees for various attractions.. $2.75 / day
|
$1003.75
|
$2.75
|
Misc.
|
Assorted non-repeating costs... $5.00 / day
|
$1825.00
|
$5.00
|
|
Grand Totals
|
$19,819.75
|
$54.30
|
Looks like I'm gonna have a little trouble getting by on that $16k / year
I was planning on.... As more time passes, I will keep updating the revised
cost schedule. But for now, I need to get busy and print up some more $20's!!
;-)
Here's a snapshot of my current costs with 46 days of data:
11/1/97
After over 100 days on the books, my costs are running pretty close
to $50.00 a day. I have modified the database I'm using to allow for unplanned
large expenses, such as parts and maintenance on vehicles, medical expenses
and whatnot, to be tracked separately. Here's a snapshot of the current
situation:
The unplanned expenses will be paid out of a separate fund that is there
for "emergencies" until the fund starts to run low..... hopefully the unplanned
costs will be few and far between. The major unplanned costs so far were
a brake job on the truck, and a new muffler (expensive!) for the motorcycle.
OK, now you can see how my 'best laid plans' turned out. I'm happy
to say that as I continue to travel, I get better at keeping my costs down
and am actually getting closer to that original $16K a year figure. As
with anything like this, YMMV. (your mileage may vary)
Back
to previous page
This page last updated on February 10, 2000