We started living in our RV last year, and since then, I have received many questions. One of the main questions we get is about how much RV does it cost and if cheap RV life is even possible. guaranteed approval buy now pay later
This is a difficult question to answer, as RVing can be extremely cheap or it can be very expensive.
While there is no one size fits all RV budget, there are many common RV expenses. We are definitely not RVing experts either, so your RVing expenses may be slightly different than ours. I've heard that newer RVers tend to spend more than the average RVer, because we like to drive all over the place with no idea what we're doing, haha! Also, they all travel a little differently, too.
RVing is a lot of fun, and I really don't know when we'll go back to living a more "normal" life. It took my husband a surprisingly long time to convince me to get an RV, but now I know it was the best decision for us.
We love being in our RV!
Typical RV expenses include:
SO IS CHEAP RV LIFE POSSIBLE?
Typical expenses related to your actual RV include the RV you purchase, sales tax (this can be quite high in some states!), License and registration fees, property taxes, and maintenance.
RV prices can vary widely. You may be able to find a used RV for less than $ 10,000, or you can buy a new, extremely luxurious RV for more than $ 1,000,000.
Whether you buy a new or old RV, many are acquired through a loan, and RV loans are a bit different from auto loans. You can often get an RV loan for 15 or 20 years. Therefore, I always recommend that you be careful because a 15 or 20-year loan can make an RV seem more affordable when in fact, it is not.
Fuel is super cheap right now. There are plenty of RVs out there that only get 6-10 miles per gallon, and this cheap gas is probably changing some people's lives, haha!
If you want to save money on gas, a great thing you can do is travel slower. Lately, we have been travelling at a slower pace and have noticed a big difference in fuel costs.
Our typical monthly expense: $ 200. By travelling slower, our average monthly gas cost is low despite living a life on the road.
CAMPS AND RV PARKS.
Your overnight stays when RVing can vary widely. There are numerous amazing free camping spots in the United States, and then there are RV resorts that can charge $ 150 + per night.
Campgrounds in state and national parks can vary widely. I've been to a state park in California that was $ 50 a night (California has the most expensive state camps I've seen so far) with no hookups, and I've also been to beautiful $ 8-a-night campgrounds in Colorado.
RV parks can also vary. Do you feel a theme here? Everything varies! We've stayed in an RV park for $ 17 a night with our American Passport Card, and we've also stayed in one for $ 60 a night. The longer you stay in an RV park, the cheaper the cost will generally be. Therefore, if you reserve a place for a whole month, you can save a considerable amount of money instead of moving to a new place every day.
If you plan to stay in many RV parks, I recommend that you get a Passport America and Good Sam card. They usually only pay for one or two uses and are worth it.
Our typical monthly expense: $ 600.
What you spend on food now is probably a similar amount to what you will spend if you travel or live in an RV. This is because your RV still has the same things as your home, such as a stove and refrigerator.
You can start spending a little more on eating out if you are travelling by motorhome, because you may want to try all the popular restaurants when visiting a new city. However, it comes down to personal preference.
Our typical monthly expense: $ 750. This includes restaurants, beverages, and groceries. It is high at the moment, but I hope it will drop back down to around $ 500 soon.
Entertainment costs are something that can increase once you start driving. You likely want to see the events happening around you, which can add costs like admission, among other things.
For us, we love doing things outside. Because we already have all the equipment we need for mountain biking, climbing, hiking, etc., our entertainment costs are quite similar compared to before. However, we still keep a line of entertainment in our budget, as we still like to take guided rock climbing trips, occasionally we need to replace some of our equipment and more.
Our typical monthly expense: $ 100.
CELL PHONE AND INTERNET.
The main way the average RVer seems to stay connected is to have services from AT&T and Verizon. With these, you will almost always have service when working on the road.
We have a Verizon MiFi for our internet coverage, and it's something I definitely recommend if you're working on the go. It is not cheap, but it is practically a necessity if you work online. It starts at around $ 50 for 5GB, but the price per GB gets cheaper as you buy more. There are also other options for the internet and even for Verizon, but this just works for us.
Our typical monthly expense: $ 175. Yes, this is high, but I need internet in order to work, so I am willing to pay for it.
This is pretty much everything else you could spend money on. This could include flights home (if you need to take a quick trip back), pet costs, mail forwarding service (we use My Dakota Address), laundry, propane, clothing, and more.
We found that we do a lot less shopping now that we are in the RV. This is because RVs have limited space and can only hold so much weight, so you really think hard about whether or not each purchase is worth it.
Our typical monthly spending: $ 75 for our dogs (food, treats, annual vet visit, etc.), $ 18 for mailing service, $ 25 for laundry, $ 15 for propane, and $ 75 for clothing.
Are you interested in travelling or living in an RV? Why or why not? Would you be interested in living in cheap mobile homes, or do you think you would spend a lot of money?