I am very excited about this new post and to see where it will take me on my journey. First I want to go over a few key points on why I want to do this monthly cost review.
- I have not found any Full-Time RV living cost break downs
- Keep me accountable
- Track my true RV costs
- Show others it might be an option to not only accelerate their FIRE journey but build a more intentional lifestyle.
So here are my true costs.
RV Payment $209
Truck Payment $89
RV Insurance Payment $0
No insurance costs because I paid for the next 12 months in December’s update.
Truck Insurance $0
No insurance costs because I paid for the next 6 months in December’s update.
Campground Site $1,540
This is me staying in two different sites over the month of March and paying for most of April.
Gas well we rarely use the generator anymore. I literally have not used it in two months. Here is the thing this gas is a overestimate I literally am saying we spend $20 in gas every time we move. We moved twice in March yet I can say without a doubt it was way less than $20 to move the RV. I just rather keep it simple for this.
Well, things can tend to come up when you live full-time in an RV. This month it was not a need it was us buying a new mattress.
Total Costs – $1,980
This has been one of the most expensive months. This is because of the crisis that we are seeing due to the virus. You see they closed one of the campgrounds we stay at. That one they closed just so happens to be half of the price of this one. Between the two it averages out to $900 a month in rent costs. Yet we now are staying full-time in this site on Coronado Island. It’s about $1,200 a month for this site a little more depending on what spot they give you here. So we just paid up to April 19th in this month’s snapshot. So the next month’s costs will come way down.
It’s Worth It To Us
This spot is breathtakingly gorgeous! Mind you the average rent here is around $2,300 and we get this spot with water, electricity, and WiFi for $1,200. This does not even account for the fact that we also get to use the showers and bathrooms for free. This is a huge financial win as we are staying in a great area for a fraction of the costs others spend to live here.
To me, this is what the core of FI/FIRE is really about. Just being able to think outside the box to get incredible results. Some times it is hard for me to compare my RV expenses to that of my luxury apartment. Because some of our RV expenses are not black and white. Like the mattress this month was not a need but a want. Yet when I compare these two as far as costs go I would never include the costs of my mattress in my luxury apartment. But this only makes the RV that much sweeter of a deal because even with inflated numbers every month it has been a cheaper, more flexible option that has helped me build more wealth.
Even People In The FI Community Make Fun Of My FIRE Choices
Yet funny enough recently I got flack on Facebook about my costs in the RV are not very FI/FIRE and I should not try and talk about FI/FIRE because this person spends around $2,000 a month for their place in Colorado with a hot tub. I decided to not even engage that person in a discussion. Because it was very evident to me they had an unhealthy outlook on my choice and really could not comprehend my finances. I literally am saving more money every month now living this lifestyle than in my luxury apartment. I live in a multimillion-dollar community for a fraction of the costs. I can live off the grid in this setup and move anywhere with it. I can live for free or dirt cheap basically for a few weeks at a time and already have done that.
I am less than 5 years from probably hitting FAT-FIRE seeing I will probably have twice my living expenses if not three times my living expenses in cash flow. I’m now hitting typically a 50% plus savings rate. We spend less than $30K a year in total expenses living here in “HCOL” San Diego. To many people that is insane and we are doing incredibly good. On top of all that I can sell the RV and truck even if I only get 50% of what I paid for it that is a huge win. It’s basically me getting an RV and truck for free by living this lifestyle vs living in my apartment.
Here is another cool thing that I just realized is my 15-month lease on my luxury apartment would have ended in March. I just checked the new rent rate and it’s now $2,070 a month. Which is about $200 a month more than I was spending on rent. I use $2,000 a month as a good comparison for the luxury apartment because with electricity, trash, and water that is about what I was paying. So now It would be around $2,200 a month. Which means I am even in a better financial position by living in the RV.
I have learned some people won’t understand your lifestyle choices on this journey. That is ok they don’t have to as long as it is right for you and your situation fuck what other people think. Not my clowns, not my circus is a new saying I have picked up.
In case you missed it here is last month’s break down. Keep on the journey and path!
Thanks for stopping by. I use affiliate links to support this site at no cost to you if you believe you get value, please consider supporting me by clicking.
My favorite free financial tool to manage my net worth is Personal Capital. You get a $20 Amazon gift card for signing up.
My favorite free investing platform is M1 Finance. You get $10 for signing up. No trading or management fees plus you can buy fractional shares.
My favorite phone service is Mint Mobile. You get a $15 renewal credit for signing up. I get a year of phone service for a rock bottom price of $240. As a guy who travels and lives in an RV full-time, this service has been amazing.