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Old 02-03-2010
eryka eryka is offline
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The approach we're using is quite similar to what bljones proposes, and we are cruising on it right now. In our case we spent $50K for a sound hull with a layout we liked, and $85 to put in exactly the systems we wanted. That included new sails ($5K), new standing rigging (another $5), new Yanmar ($20), new heater, new refrig, new wiring, new dink and outboard, solar panels. Based on our pensions & savings, we budgeted $2000/month for cruising: $500/month for maintenance, $150/month for boat insurance, $150/month for communications, $400/month for food; in our case that left $700/month for discretionary & unforseen crises. Some months there wasn't much discretion -- motoring every day down the ICW, fuel cost over $400 one month. But since we arrived here, we have spent less than $50 for fuel for the last 2 months. The OPs $300K would last about 6 or 7 years on our budget without working at all, and they could stretch it by cutting back on the "discretionary" so escaping the paradigm is certainly do-able. Hope this helps. -e.
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