Our 2015 Budget

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Above you will find our personal RVing budget for 2015.  It is based on past years' experiences and our anticipated travels for the year.  Remember, we keep track of every single penny and we have zero debt.

We have set our 2015 Budget at $39,981.  As we have mentioned many times, we believe that $3,000 per month ($36,000 per year) on average is a really solid budget for a moderate full-timing lifestyle for those that don't stay in one place for longer than a month at a time.  We all full-time differently, so we all spend differently, but we hope our budget at least provides a good starting point.

Additional Notes

Here are a few additional notes regarding the budget.

We have significant internet connection costs (business expenses) which are not included in the budget above because they are higher than most RVers would need.  For most people a range of $50 - $100 per month should suffice. 

Also, though we have a fifth wheel, we also have an extra vehicle - a Jeep Liberty.  The additional costs of the Jeep run us about $1,200 per year for maintenance, insurance, and property taxes, so those with towables and no extra vehicle won't have those expenses.  Of course, the Jeep also means we have additional fuel costs; however, those costs are offset by not using the less fuel-efficient diesel truck for local errands and exploring.

One last note.  I debated about whether or not to include our Federal Estimated Taxes in the above budget.  I opted to take it out.  Otherwise, our budget would have been way high based on our last couple of years of income, and I just didn't want to give the wrong impression of basic RVing living expenses.

For those that have higher incomes and tax-related expenses, those that like to stay on the move, and those with RV or other debt payments, it can be much more expensive than our budget.

For those that have lower incomes, those that like to workamp, those that like to boondock and avoid campground fees, and those that simply like to stay put for a few months at a time, it can be much less expensive.

Our experience has been that workamping saves us about $1,000 per month with reductions in expenses primarily in the campground fees, fuel, food, entertainment, and miscellaneous categories. So, if we planned to workamp six months a year, our budget would be in the $2,500 per month ($30,000 per year) or less range. With some sacrifice, we could get that down around the $2,000 per month range, but anything less than that would be really tight for us.

Additional Note:  I prepared this budget in late 2014 expecting a full year of travel and no workamping.  However, in early 2015 we accepted a three-month workamping job in northern Minnesota for the period from June 22 - September 21.  I decided NOT to re-work the budget to take that into consideration.

So, based on the paragraph above about our typical workamping savings, we should come in about $3,000 less on our budget.  However, because the workamping job is a paying gig and we are doing well financially right now, I suspect we'll come in under the original budget but not by the full $3,000 as we'll probably spend more on Entertainment to explore the area.