$3000/mo cruising budget - Page 37 - SailNet Community

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  #361  
Old 08-27-2014
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Re: $3000/mo cruising budget

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Originally Posted by Minnewaska View Post
Good point. I was nearby when the securite was being broadcast. We arrived the following day, and within those 24hrs, she was lifted and gone.

It raises another point that too often starts an argument. If you're not insured, you are much more likely to just leave the hulk sitting on the bottom. In this case, it blocked a navigable entrance. To go uninsured, you not only have to have the resources to lose your boat, but also enough to remedy the problem you create for the rest of us.
And, there is an in between option. You can get liability only, with wreck removal, at about a fifth of the cost of full coverage. Doesn't replace your boat (or your home if you're living aboard) but it is the responsible thing to do if you can't afford full coverage (or just don't think it's a good deal).

And, as the costs of full coverage go up, more and more will probably take the liability only route, and bank the savings for that day.
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  #362  
Old 08-27-2014
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Re: $3000/mo cruising budget

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Originally Posted by MarkofSeaLife View Post
So everyone's budget is basically the same its only our parameters individually that differ. But these threads will not allow discussion of those parameters and thats very sad.

Are you sure you weren't drunk when you wrote this Mark ;-)

Actually, if I follow your long ramble, I agree. Outside of food costs, most expenditures will be driven by individual parameters, or as I and others have often put it, wants vs needs. It all comes down to choices -- and the consequences that follow from those choices.

If you must have a big, expensive boat then the consequences are higher capital and maintenance costs. Dockage, equipment, insurance etc all go up exponentially. This is why I appreciate the concept of going with the smallest boat you can live with. For some, that is a 55 foot cat, for others it is a 27 foot mono. If that's what your parameters are (your nee)d, then fine. Consequences will follow.

I'm happy to discuss these parameters Mark. Not sure why you think we can't. But I gotta sail now. We're leaving our plush marina now. Hopefully on the hook tonight, or perhaps an overnight sail to somewhere east.


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  #363  
Old 08-27-2014
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Re: $3000/mo cruising budget

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Originally Posted by MikeOReilly View Post
Are you sure you weren't drunk when you wrote this Mark ;-)
I've been there, done that.
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  #364  
Old 08-27-2014
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Re: $3000/mo cruising budget

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Originally Posted by Minnewaska View Post
A cruising budget is a very different thing from a long term retirement liveaboard budget.

Of course for those of us not so young the cruising budget is a living budget and a part of the long term retirement plan.
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  #365  
Old 08-27-2014
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Re: $3000/mo cruising budget

Minnie- I have full insurance . Can't afford to not have it. You are right but know several folks going bare. Been away cruising. One stop was sag harbor. We were the smallest boat in the anchorage. Our boat could be the dinghy for some of the sailboats in there let alone the wedding cake boats. Passed on the $31 hamburger offered in town and ate buffalo burgers on the grill. Yum. That $31 hamburger costs the same regardless of what boat you're on.
Still when the boat is a corporate asset and used to "entertain" clients the calculus is different for insurance. Last summer got friendly with a French couple. They have three kids.one borne on the boat. To my knowledge they just have liability insurance. Boat is sole asset. Would note even in our limited travels we have been asked for proof of liability insurance. Think that will increase as time goes by.
Being in a transition period so far find personal expenses less on the boat. Entertainment,clothes, food etc. are less. Obviously don't drive when on boat but fuel costs higher. Think differences between small ( <40') and moderate (40-50') may be somewhat overstated as actual living( food, drink, clothes, water, health insurance, flights etc.)
expenses the same.
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  #366  
Old 08-27-2014
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Re: $3000/mo cruising budget

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Originally Posted by Don0190 View Post
Of course for those of us not so young the cruising budget is a living budget and a part of the long term retirement plan.
What's a living budget? I don't follow.
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  #367  
Old 08-27-2014
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Re: $3000/mo cruising budget

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Originally Posted by Minnewaska View Post
What's a living budget? I don't follow.
the budget you live on, doesn't matter if it is on land, a boat, or a tent under a bridge
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  #368  
Old 08-27-2014
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Re: $3000/mo cruising budget

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Originally Posted by Minnewaska View Post
What's a living budget? I don't follow.
Instant noodles.

Ask any university student.
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  #369  
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Re: $3000/mo cruising budget

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Originally Posted by Don0190 View Post
the budget you live on, doesn't matter if it is on land, a boat, or a tent under a bridge
Ok, but you were replying to the distinction between a cruising budget and retirement live aboard budget. I will translate your point to say that you understand a living budget will change dramatically (increase) as you move back ashore in the latter days of your retirement.
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  #370  
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Re: $3000/mo cruising budget

I wasn't trying to make a distinction between a cruising budget and a retirement liveaboard budget. For us, retirement will mean full time cruising but we'll return to land when we're ready, not because we've run out of money. At the risk of stating the obvious, if a person can be in a position where their cruising budget comes from steady sources of income (e.g. a pension, earnings from investments) and they don't touch the principal, then it's not necessary to rely on the funds from selling the boat.

All I was trying to say was that if people are willing to look outside the box, they may find that they don't need as much money as they thought to go cruising.
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