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post #8 of Old 01-29-2014
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Re: $3000/mo cruising budget

Just re did a spreadsheet with the finance guy to figure if we should own the boat totally or leave part owned by the bank. In short figured will sail until 80 and have resources to buy total boat from bank when we want which is why we did analysis. Figured in flights, all insurances, all living /boat expenses and hanging on to house for the first few years. For our 46' boat you're looking at ~50k/yr as base for the boat and living on boat.Figured in replacement schedule for sails/rigging/through hulls/ batteries etc. If you add in holding onto house/cars etc. you're looking at more. As TC says depends on boat size,age of boat and cruising ground. Realize you may need additional health insurance if your stateside insurance wouldn't cover you out of country. Many things are trade offs. Have watermaker- don't buy water, Need to service watermaker. Have wind/sun don't burn diesel for electricity- need initial outlay. Do a spreadsheet with an outside partner. Makes it all very real. Also thought 3k/m was realistic. Still think quite do-able but want "play" money to sight see. Now as we edge into the life find may have underestimated expenses.

s/v Hippocampus
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