$3000/mo cruising budget - Page 4 - SailNet Community
 245Likes
Reply
 
LinkBack Thread Tools
post #31 of 462 Old 01-30-2014
Sailboat Reboot
 
svzephyr44's Avatar
 
Join Date: Jun 2000
Location: On Board
Posts: 609
Thanks: 3
Thanked 50 Times in 44 Posts
Rep Power: 16
 
Send a message via Skype™ to svzephyr44
Re: $3000/mo cruising budget

Quote:
Originally Posted by cranki View Post
My cruising plans are somewhat modest; I want to knock around New England and the Canadian Maritimes and then sail down to Florida, Bahamas, Caribbean
Of all the place you mention - and I have pretty much been in them all - my favorites were the French Isalands - Micequlon; Longlad: Saint Pierre and Newfoundland. A very short season but off the beaten path, the closest I have come to "old style" cruising with helpful and interested people on shore. I would also suggest Guatemala and the Rio Dulce. Another great favorite of mine.

Fair winds and following seas.

CAPT Roger J. Jones USN (ret.)
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


Sailboat Reboot

411 Walnut Street, #9700, Green Cove Springs, FL 32043-3443

Reboot's Agent's Email:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


Web Site:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


Blogging:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


Twitter @Sailboat_Reboot
svzephyr44 is offline  
Quote Quick Reply Share with Facebook
Sponsored Links
Advertisement
 
post #32 of 462 Old 01-30-2014
Swab
 
vega1860's Avatar
 
Join Date: Dec 2006
Location: At Sea
Posts: 810
Thanks: 2
Thanked 22 Times in 20 Posts
Rep Power: 9
 
Re: $3000/mo cruising budget

Quote:
Originally Posted by blowinstink View Post
Seems to me that if you could get that seasickness under control you'd be able to manage those grocery bills
The seasickness is under control now, thank you. Dramamine is cheap.

Quote:
Glad you chimed in here. I was beginning to think I'd need to find 5K a month . . .
After reading through this thread, I realize that I can't afford to go cruising after all. Time to pack it in and move ashore
aeventyr60 and Pearson796 like this.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
vega1860 is offline  
Quote Quick Reply Share with Facebook
The Following User Says Thank You to vega1860 For This Useful Post:
Pearson796 (01-30-2014)
post #33 of 462 Old 01-30-2014
Morgan 33 O.I. Perryville
 
travlineasy's Avatar
 
Join Date: Dec 2010
Location: Maryland
Posts: 3,484
Thanks: 3
Thanked 149 Times in 132 Posts
Rep Power: 5
 
Re: $3000/mo cruising budget

I've also decided that based upon this thread, I'm gonna have to stop cruising - however, based upon my own experiences over the past decade, I can cruise like a king on $3,000 a month. I'm pretty much self sufficient, self employed and know how to catch fish better than most folks on this forum, so that can make a big difference. I also do 90 percent of my own repairs, and 100-percent of the boat's standard maintenance. Health costs are a non-issue with me, I'm old and on medicare with a $58 a month supplemental policy. I have a good dental and vision policy, that only cost me $35 a month. My major expenses aboard are gasoline and food - that's it. Whoops, almost forgot the booze expense, which is about $200 a month when I have lots of visitors, but normally much less. My Internet connections are mostly free Wi-Fi that I find pretty much everywhere I travel. Same is true for TV, which either comes in via my onboard antenna from local broadcast stations, and I get all the movies I want when I have an internet connection through www.crackle.com .

Some days I eat oatmeal for breakfast, hotdogs for lunch, and canned stew or ravioli for supper. Then there are days when I grill a salmon fillet for supper, add some vegetables to the grill while the salmon cooks, mix a tall Margaretta and pig out. Nice way to watch the sun set in the Florida Keys or Bahamas. Then there are days when a fresh caught mahi mahi hit the grill, or I bread some mangrove snapper fillets with beer batter and pan fry those rascals - OH YEAH! Wash that down with an ice cold Coors Light, turn on a good movie on the flat-screen TV and enjoy life on the hook.

Last winter, I spent less than $1,200 a month to live at a marina in the Florida Keys, and I had a ball, lived damned well, and ate out at a restaurant at least once a week.

All the best,

Gary
travlineasy is offline  
Quote Quick Reply Share with Facebook
The Following User Says Thank You to travlineasy For This Useful Post:
Lou452 (01-30-2014)
post #34 of 462 Old 01-30-2014
Senior Member
 
Join Date: Aug 2006
Location: wherever
Posts: 5,283
Thanks: 8
Thanked 17 Times in 16 Posts
Rep Power: 11
     
Re: $3000/mo cruising budget

Health costs are all over the place.
Gary gets Medicare supplement for $58/mo, almost nothing. But you have to be 65 to qualify. At the other end of the spectrum are the invincible young people who will decide to spend zero. We're late 50's, that in between space where some of us have zero issues and others are already dead or infirm from major health issues. So each cruiser will need to evaluate this cost based on their situation. I've been self employed all my life, not dependent on some corporate or govt teet for care. So I pay for catastrophic health care and self fund the majority of routine care.
YMMV
xort is offline  
Quote Quick Reply Share with Facebook
post #35 of 462 Old 01-30-2014
Morgan 33 O.I. Perryville
 
travlineasy's Avatar
 
Join Date: Dec 2010
Location: Maryland
Posts: 3,484
Thanks: 3
Thanked 149 Times in 132 Posts
Rep Power: 5
 
Re: $3000/mo cruising budget

Xort, I've been self employed since 1975, so I know exactly where you're coming from. And, at age 73, I still work 5 to 7 days a week. The difference now is I have all the work I can handle, the income is better and the expenses are considerably less than they were 20 years ago when I was shelling it out as fast as it came it.

Good Luck,

Gary
travlineasy is offline  
Quote Quick Reply Share with Facebook
post #36 of 462 Old 01-30-2014
Senior Member
 
hpeer's Avatar
 
Join Date: May 2005
Location: East Coast US
Posts: 288
Thanks: 7
Thanked 9 Times in 9 Posts
Rep Power: 11
 
Re: $3000/mo cruising budget

Quote:
Originally Posted by svzephyr44 View Post
Of all the place you mention - and I have pretty much been in them all - my favorites were the French Isalands - Micequlon; Longlad: Saint Pierre and Newfoundland. A very short season but off the beaten path, the closest I have come to "old style" cruising with helpful and interested people on shore. I would also suggest Guatemala and the Rio Dulce. Another great favorite of mine.

Fair winds and following seas.
We have similar tastes. I'll bet you know the bakery by the water, near the carosell, with the lovely lady behind the counter and the worlds best pastries!

That alone is worth the trip. Been there on Bastile Day yet?
hpeer is offline  
Quote Quick Reply Share with Facebook
post #37 of 462 Old 01-31-2014
Senior Member
 
Join Date: Feb 2010
Location: Narragansett Bay
Posts: 11,104
Thanks: 46
Thanked 229 Times in 214 Posts
Rep Power: 7
   
Re: $3000/mo cruising budget

Best way to limit a cruising budget to any level ($500 or $3000) is to limit the boat to fit. The remaining question is whether you want to live on that boat.

Size, equipment, condition, all variables.

To cruise perpetually, with no ongoing income, you likely have to own the boat free and clear. Let's face it, your assets would need to generate income to pay the loan, which means you would need more assets than you owe. Might as well pay it off. The exception might be having an annuity, like a retirement check that is used to make loan payment. However, that a very inefficient use of retirement cash flow.

Therefore, you are down to two major components, as I see it. Boat care, where you will have little choice after picking your vessel, and standard of living, where you have a lot of choice.

Personally, I want to be comfortable and be able to enjoy myself. Both are subjective. On a long term cruise, I don't need to be entertained like a never ending vacation, but I don't want to deny myself a restaurant, sight seeing, etc, for being on a voluntary budget. I also want to be able to fly to the see the kids, whenever necessary or at least a few times per year. I expect good medical care. These are not required for everyone, but that's the reason the cost to cruise is so variable.
tomandchris and Group9 like this.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Jeanneau 54DS

In the harsh marine environment, something is always in need of repair. Margaritas fix everything.
Minnewaska is offline  
Quote Quick Reply Share with Facebook
post #38 of 462 Old 01-31-2014
Senior Member
 
Group9's Avatar
 
Join Date: Oct 2010
Posts: 1,810
Thanks: 24
Thanked 72 Times in 70 Posts
Rep Power: 5
 
Re: $3000/mo cruising budget

Yeah, that's a good point to emphasize. The guy who figures out how to successfully cruise on $500 a month is not going to be on a 50 footer with all the bells and whistles.

I lived in some pretty spartan conditions (think "hooch") as part of my job I recently retired from.

In a lot of ways, it was always kind of refreshing to get back to basics like that.

On the northern Gulf of Mexico.


"Best thing to do is get her out on the ocean. If anything's gonna happen, it's gonna happen out there." Captain Ron Rico
Group9 is offline  
Quote Quick Reply Share with Facebook
post #39 of 462 Old 01-31-2014
Senior Member
 
Join Date: Dec 2012
Location: new england
Posts: 2,320
Thanks: 54
Thanked 46 Times in 43 Posts
Rep Power: 3
 
Re: $3000/mo cruising budget

Minnie- flip of that is to pay attention to your assets. If the loan is <5% ( which it is) and return on investments is >5% ( which it is) makes sense to play with other peoples money. Also get tax benefit which I will lose once (and if) we ditch the house. Owning a depreciating asset such as a boat should be looked at as a cash flow exercise. Admittedly rate of depreciation varies but given there is always some rate of inflation the longer you run a loan the more you are paying things off with "cheaper" future dollars. If appropriately positioned your investments reflect this more than the artificially low loan rates of recent years. Would keep boat fully insured regardless as it's now required in so many places and it is a major asset. In short one size does not fit all. Caveat is you always must maintain enough liquidity to pay off all loans should review suggest that's financially prudent.

s/v Hippocampus
Outbound 46
outbound is online now  
Quote Quick Reply Share with Facebook
post #40 of 462 Old 01-31-2014
cruising all I can
 
Join Date: Apr 2007
Posts: 914
Thanks: 3
Thanked 24 Times in 19 Posts
Rep Power: 9
 
Re: $3000/mo cruising budget

travelingeasy - 73 years young !
you are incredible. I hope I'm still sailing if I make it to 73.
truly inspiring. hope you get to do another keys run.
Faster likes this.
joethecobbler is offline  
Quote Quick Reply Share with Facebook
Reply

Quick Reply
Message:
Options

By choosing to post the reply above you agree to the rules you agreed to when joining Sailnet.
Click Here to view those rules.

Register Now



In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.


User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Similar Threads
Thread Thread Starter Forum Replies Last Post
Budget Cruising/Bluewater Cruising Cruisingdad Cruising & Liveaboard Forum 104 10-28-2014 08:35 PM
Tartan 3000, is the Hull cored? And .. how is she for Cruising jasper Boat Review and Purchase Forum 4 02-26-2009 12:41 PM
Cruising Budget? PilotMike Cruising & Liveaboard Forum 24 08-09-2007 12:05 AM
Cruising budget???? bugged Cruising & Liveaboard Forum 10 03-17-2002 07:55 PM
CRUISING BUDGET TOMWILLOW Cruising & Liveaboard Forum 2 02-11-2001 01:22 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome