UNEXPECTED RV EXPENSE! RV LIVING FULL TIME COST Q & A! FINANCING & HEALTH INSURANCE

Posted on by Tom

We had a lot of questions on our last video “RV LIVING FULL TIME COSTS! ONE YEAR RV TRAVEL EXPENSES! HOW MUCH? (TO BUDGET)!” (See the full blog post here) Plus questions on what we do for health insurance. Logan and Cheri use Philadelphia American (contact Mike for more information at
mike@rvinsurancebenefits.com or (770) 335-2059 and let him know that Cheri Meeks referred you). See our new video here!

How did we finance our ‘new to us’ RV? We used USAA. I am a new member but Cheri has been a long time member and loves their customer service! We were able to join because we had parents that served in the military.

Now back to the expenses! I do have an accounting degree, so I occasionally like to geek out on the numbers! Hopefully I won’t bore you. Realize that accounting may seem like hard numbers only, but it is really an interpretation of what the numbers mean. You will be interpreting my numbers on how they would fit your situation.

In our last video, we added camping fees separate from the campground memberships so you could know exactly what the costs were. Some of you wanted camping fees combined with all memberships so here it is: $14,692.14, which is a new per day camping cost of $40.25. But in my opinion, those are bad numbers to interpret. The only way you would experience numbers like that would be if in your first year of full time RVing you did exactly what we did!

We should exclude the one-time costs for the interpretation of these numbers going forward and that would be $9547.14 for the year, or a per day camping cost of $26.16. This would be a more accurate number going forward for camping fees in future years.

Total RV payments for the year $6172.10. That is both payments on our old RV and the new RV with some overlapping months. Plus we had to pay off the Columbus! A whopping $4851.17 to clear the title so the buyers payment would finish paying off the loan. This was certainly not an expense we wanted or expected, but that’s what we had to do to sell the old RV. RVs are not a good investment in money but an investment in experiences. Grand total of RV payments for the year $11,029.27 (which includes that pay off).

Total vehicle payments of $2155.55 for the year, and that is just for the truck we paid off during the year. We paid cash for the car in a previous year.

Several of you wanted the total expenses for the previous calendar year, so here it is $45,284.63 (or $124.07 per day or $3773.72 per month). A more accurate way to interpret the numbers would be to exclude the one-time extra $9996.17 (one-time camping memberships and old RV pay off). That total is $35,288.46 or $2,940.71/month or $96.68/day.

Again, these expenses do not include: groceries, entertainment and medical expenses. So what will numbers look like this year? We look forward to adding up our camping fees for the current year and sharing all of our expenses in an updated video soon.

Thank you for reading, watching and subscribing and sharing this with your RV friends. And again, share what your expenses are and how you save money each year on the road! Safe travels friends! Say hi if you see us on the road!

Tom, Cheri & Logan

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