Join Date: Feb 2006
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i have been researchign this very thing. it appears that a budget of about $1,000 a month is what is necessary, and this includes boat and health insurance, beer and food, water and gas, as well as a cell phone and all of the other necessities. Of course, there are some that do it for $500, and some that do it for much more. It depends on how often you plan to dine ashore as well. this budget of course would only allow once or twice a month for that.
obviously, this budget is not meant for those intending to spend time in marinas. i'm not sure why anyone would want to do that anyways..... just more $.
also, this budget does not include boat maintence. so if you add that in, i would say your 16,000 a year comes out just perfect, hoping that you don't have major boat expences. i would say its defiuntely possible, if you work to make it that way.