The day of our sabbatical approaches and I continue to edit and reconcile our budget models. I've read through threads on this site along with others and would like your opinions.
38 ft - Catalina
Cruising in the Bahamas
Which estimates are logical, which are too high, are there any recurring costs that I'm missing all together?
Insurance - $200
The insurance sounds pretty low too. CD's boat is a 40' boat and his insurance is $4500 or so... your budget is for only $2400.
Really too low, unless you can manage to sail everywhere and not your dinghy's outboard much
A bit low unless you've got a watermaker IMHO. Many islands only have RO water and you have to pay for it.
This sounds low, unless you are anchoring out almost every day. If you used a slip and had to pay $1.50 a foot, you're looking at $114 for just two nights. There are also often dinghy dock fees, so even if you're anchored out, you might be paying something each night.
Most of the food in the islands, other than what they can catch or raise locally, has to be imported. This makes the food far more expensive than you'd see in the US, where transportation costs are much lower. I seriously doubt that you could survive on this budget.
While you can eat reasonably inexpensive if you stick to the restaurants that the locals use, drinks will add up fast.
Land Transportation, Custom,Park Fees - $100
Customs fees can be higher than that... so it depends on how often you change ports and/or countries.
Entertainment/(Tank Fills) - $100
Why do you combine these two? Also, entertainment can be very expensive.
Depends on the service. $50 is normal for the states, but in most of the islands, you'll be using a pre-paid card and the minutes are far more expensive, especially if you're calling internationally.
I'd highly recommend putting aside a slush fund for major repairs that can crop up. The larger the boat, the more complex the systems, the more expensive the maintenance costs will generally be.