Purchasing an RV is a big expense. But it’s not the only expense involved when you’re a full-time RVer. Let’s take a look at some other costs you need to plan for:
- Campsite fees can range from $20 to $100+ per night, depending on location and amenities.
- Utilities are typically included for nightly or weekly stays
- Most campsites include water, sewer, and garbage dumpsters at no additional cost
- If you’re planning on staying in the same spot for a month or more, you’ll most likely be asked to pay for your electricity. Rates vary – from .10 cents per kWh – to .30 cents per kWh on average
- Internet connectivity Most RV parks offer some form of wifi – but, you can’t rely on it. You’re much better off providing your own internet solution…Connectivity Guide for RVers
- Maintenance and repairs are ongoing and can vary greatly depending on the age and condition of your RV.
- Insurance and registration fees are mandatory, with costs varying by state and RV type.
- Fuel is a significant expense, especially for larger RVs – and if you’re traveling a lot as opposed to being stationary for months at a time.
Effective Budgeting for Full-Time RV Living
Effective budgeting is key to enjoying RV living without financial stress. Use a budgeting app or spreadsheet to track your expenses and adjust as needed.
Here are several ways to save on expenses:
- Boondocking – camping without hookups.
- Prolong your Stay – Staying in one place longer to take advantage of monthly rates
- Join RV clubs – Good Sam, KOA Rewards, and Escapees all offer discounts for being a member – typically 10% – and valid for stays less than a week
- Workamping – an arrangement where you work part-time in exchange for a free site and utilities for the season.
Hidden Costs: It’s important to be aware of the hidden costs associated with RV Living.
- Depreciation: An essential factor to keep in mind when purchasing an RV is depreciation, particularly if you’re planning to resell or upgrade in the future:
- The typical rate of depreciation is 35% – 38% after five years
- RVs can last up to 20+ years with proper care and maintenance
- Unexpected repairs: can (and most likely will) arise, so having an emergency fund is advisable.
- Lifestyle Changes: As you ease into your new RV lifestyle, you may find yourself being drawn to activities you hadn’t planned for in your initial budget. You may also find yourself dining out more often.
- RVs can last up to 20+ years with proper care and maintenance
Your Life – Your Way
RV Living can be whatever you envision it to be. A fun, fast-paced adventure – or a leisurely rewarding retirement.
We’ve found that most people can live full-time in an RV for $2500 – $3000 per month.
By understanding the upfront costs, preparing for ongoing expenses, budgeting effectively, and being mindful of hidden costs, you can ensure a smooth journey while living your life – your way.