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  #371  
Old 08-27-2014
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Re: $3000/mo cruising budget

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Originally Posted by Don0190 View Post
Aren't you just a judgemental ahole type looking for ways to be insulting. I don't understand why you keep reading and posting on this thread since all you are interested in is attacking me. What a valuable source of info you are!
Nope, wrong again. You want black and white answers when there are not any. You ask about reality while living in fantasy. Not having any kind of "cruising plan" must surely add to your angst. Why not answer the simple questions I posed? If you read the "Cruising Finances" thread you would know that the majority of folks have a PLAN and can articulate what it may be.. So again, whats your plan? Long term offshore cruising? Coastal? What's your ideal "cruising lifestyle". How are YOU going to make it happen?

Again I don't think you will be able to do it on $3000 a month, especially without being able to answer the questions above. If that rufffles your feathers now, what are you going to do when the **** hits the fan offshore?
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  #372  
Old 08-28-2014
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Re: $3000/mo cruising budget

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Originally Posted by cthoops View Post
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.
I agree with your point, but was trying to add a distinction that I thought was relevant to the current query. When you return to shore, you'll need somewhere to live. If you rent, you'll need that increase in cash flow to cover it. Maybe its an offset to one's boat costs, but that depends. If you buy a house or condo, you'll need that capital. For most, its pretty unlikely that the boat value is a swap. Finally, your medical or long term nursing care needs will need to be met as well, understanding a reasonable number of cruisers that go without medical insurance in younger years.

If one is cruising for a few years in their 40s or 50s with the understanding they will return to work, this is less relevant. If one's plan is to spend every moment until they can no longer be aboard, it's very relevant.
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  #373  
Old 08-28-2014
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Re: $3000/mo cruising budget

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Instant noodles.

Ask any university student.
I've never been so poor I couldn't live off Ramen noodles.
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  #374  
Old 08-28-2014
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Re: $3000/mo cruising budget

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Originally Posted by aeventyr60 View Post
Nope, wrong again. You want black and white answers when there are not any. You ask about reality while living in fantasy. Not having any kind of "cruising plan" must surely add to your angst. Why not answer the simple questions I posed? If you read the "Cruising Finances" thread you would know that the majority of folks have a PLAN and can articulate what it may be.. So again, whats your plan? Long term offshore cruising? Coastal? What's your ideal "cruising lifestyle". How are YOU going to make it happen?

Again I don't think you will be able to do it on $3000 a month, especially without being able to answer the questions above. If that rufffles your feathers now, what are you going to do when the **** hits the fan offshore?
I agree. It's like asking people, "What does it cost to build a house?" without knowing where you want to build it, or how big you want it to be.
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  #375  
Old 08-28-2014
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Re: $3000/mo cruising budget

was a lot more useful thread before it turned to just really be bashing

just where would internet forums be without bashers looking for a "cause"
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  #376  
Old 08-28-2014
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Re: $3000/mo cruising budget

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Originally Posted by Don0190 View Post
was a lot more useful thread before it turned to just really be bashing

just where would internet forums be without bashers looking for a "cause"
We're all trying to tell you the same thing, but because it's not the answer you want to hear, you think we are bashing you.
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  #377  
Old 08-28-2014
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Quote:
Originally Posted by Group9 View Post
Quote:
Originally Posted by Don0190 View Post
was a lot more useful thread before it turned to just really be bashing

just where would internet forums be without bashers looking for a "cause"
We're all trying to tell you the same thing, but because it's not the answer you want to hear, you think we are bashing you.
i

You aren't telling me anything as the thread isn't about me. There isn't any answer I want to heard . I already know the answer for me
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Last edited by Don0190; 08-28-2014 at 03:56 PM.
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  #378  
Old 08-28-2014
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Re: $3000/mo cruising budget

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Originally Posted by Don0190 View Post
i

You telling me anything as the thread isn't about me. There isn't any answer I want to heard . I already know the answer for me
Okey Dokey.
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  #379  
Old 10-28-2014
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Re: $3000/mo cruising budget

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Originally Posted by Don0190 View Post
Determining a cruising budget and trying to find out if it will work seems like one of the most important parts of cruising, yet is one of the hardest to find any answers on. Before I got into sailing I spent 2 years researching the cost issues and in the end kind of just gave up and placed myself on a path to cruising anyway.

The question frequently becomes all jammed up with "it depends" and "it costs whatever you can afford to spend" answers. Which are true, but of little value for planning. Planning becomes even more important for those not so young when the decision to stop working and go cruising equals an end to a career and little chance of returning to work at anywhere near the level they were when they sailed off. The goal becomes balancing leaving while young enough to get the most of of cruising, while working long enough to not run out of money.

But I'm becoming more and more job burnt out and more and more caught in the dream, so find myself looking for the answer. To do it I spend lots of time reading though blogs looking for what people are spending and comparing it to what they are doing. I read things like the "Interview with a Cruiser Project", waste my time on the various forums, and just plain taking a guess based on what it costs me to live on land and maintain my boat now and have a budget in mind.

The budget I'm currently planning for is $3000/mo, which has to cover basically everything. Now this isn't a down and dirty budget, and it isn't a live high budget. But it is expected to be a comfortable budget that allows sightseeing and not eating out of a can budget. And as an average amount is one that I could cruise on till I no longer an able (that $3000/mo, $36,000/yr budget becomes $52,500 when I'm 75 at 2% inflation).

If you are in the cruise for $500/mo group this isn't a thread for you. But if you are in a similar position for cruising on $3000/mo I would love to see comments on what you expect this to mean far as your cruising plans.
I'm back to looking at the budget with a planned leave target being Sept 2015. I'm still figuring $3k/mo on average spending budget to cover everything.

It is looking that on Sept 2015 we will have $442k in cash and 401ks. In 2022 & 2023 we each could start collecting about $1300/mo in social security. Had the financial advisor run the projections and he said it all works (was surprised a financial advisor would even say that).
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  #380  
Old 10-28-2014
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Re: $3000/mo cruising budget

Quote:
Originally Posted by Don0190 View Post
I'm back to looking at the budget with a planned leave target being Sept 2015. I'm still figuring $3k/mo on average spending budget to cover everything.

It is looking that on Sept 2015 we will have $442k in cash and 401ks. In 2022 & 2023 we each could start collecting about $1300/mo in social security. Had the financial advisor run the projections and he said it all works (was surprised a financial advisor would even say that).
Did your planner take into account the new USCG document fee it may break the bank ya know.
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