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post #1 of 6 Old 08-17-2006 Thread Starter
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cruising costs

Finally,can afford the long awaited boat, time and dream !
At 57, healthy and reasonably fit, with the kids doing their own thing, I am almost there. Although I have done some monohull sailing (Day Skipper RYA)but have limited experience, I am considering a live-aboard, cruising catamaran, about 5-7 years old,38-45feet (My budget allowance)
However, I have no idea how much above the purchase price it's going to cost me to operate and live aboard. Was thinking of the Med to gain some experience (I live in Scotland) and if I like it and can do it...maybe further afield perhaps SE Asia. Can anyone advise me (Apart from not getting a Cat !!) Appreciate your help.


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post #2 of 6 Old 08-17-2006
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A lot depends on the lifestyle you want to live. Things like ...at anchor, or at marinas? Eating out, or eating in? These are the types of things you need to consider when trying to form a budget. As well as money for maintaince, insurance, fees and permits, etc., as they are your more basic needs and are more of a fixed nature. If you check the "Recommended Reading" thread, you'll find a host of books that deal with the subject, as well as some good articles right here on site.

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post #3 of 6 Old 08-17-2006 Thread Starter
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cruising costs

Thanks John. Fairly simple lifestyle really. Beer as opposed to champagne, a whisky (Scotch of course) rather than a cocktail, Ford, not Ferrari.....You know the kind of thing.

How much would you budget over and above living expenses, for boat costs, insurance, repairs etc.
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post #4 of 6 Old 08-17-2006
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For maintainence, start with about 10% of the boat cost per year; then adjust up or down depending on things like: how much you can do yourself vs pay a boatyard to do; how much offshore time; how new or old the boat & complexity of systems. Insurance will vary a lot with your level of experience & where you sail, can't help you much with that one.
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post #5 of 6 Old 08-18-2006
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We myself, wife & parents have budgeted $45,000 a year for boat expences(boat is payed off) and living well for a slow trip around the world or untill we get bored. This figure does not include med insurance and boat prep.
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post #6 of 6 Old 08-18-2006
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It really depends on what you're going to be doing, and what part of the world you'll be sailing/cruising/living in.

It might be worth going to noonsite.com and taking a look there. It should have info on costs in different areas and such.

10% of the value of the boat per year on average should be pretty good for a rough maintenance cost, but there will be other costs that aren't included in that figure.

New sails, new rigging, new engine or transmission are probably costs that aren't covered, it really depends on whether you replaced the rig and engine on the boat before leaving...

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