Join Date: Apr 2009
Location: Washington, DC
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Re: How did you get the money for your first sailboat?
I don't have my boat yet, but I do have $11,500 saved in the 'boat fund' so I'll tell you the route I took.
As someone else did above, I also went the 'carless' route. My car payments, insurance, gas, and parking tickets amounted to about $500 a month. I sold the car, job pays for metro, and the savings go in the boat fund. I bought a Vespa to get around town, still take a nice vacation a year, save the maximum in my 401K, and eat out at restaurants. But no car. I've gotten many raises in my career, but nothing like getting rid of the damn car. They just eat money. The only catch is you have to have some way to get to work.
Edited to add: my partner does have a car, so I'm not too worried about getting to the boat once I've bought it, although clearly that would also present a snag in this plan.
Last edited by emcentar; 12-11-2012 at 09:53 PM.