It has been said many times that RVing is an expensive hobby. That it is. Still, it doesn’t have to be financially crippling. You can even live full-time in an RV without going broke. You just have to take the right approach and follow some fundamental financial principles.
If you have ever thought about getting into RVing, do not let financial fears dissuade you from at least investigating it. There is no need to take the plunge if you truly cannot afford it. But if it’s just a matter of changing what you do financially, you may find that the joys of RVing outweigh the effort required to change.
Below are a few key suggestions for living the RV life without going broke, compliments of Connecticut-based AirSkirts. AirSkirts makes and sells a revolutionary, patent-pending RV skirting product.
Table of Contents
Get Your Finances in Order
The first thing you will need to do is get your finances in order. Remember that just getting into the RV lifestyle requires taking on new debt. Do you really want to risk financing a motorhome or travel trailer if your current financial situation is dicey? Probably not.
It might be worth the wait to delay RVing for a time, while you get your financial house in order. Start living on a budget. Get your most expensive debt paid down first. If you have student loans, get them taken care of as soon as you can. And more than anything else, make sure you are saving at least something every month.
Establish an RVing Budget
Once you have your finances in order, develop a budget dedicated exclusively to RVing. Decide how much you can realistically afford to spend every year. Whatever that amount is, do not exceed it.
There are certain expenses that come with RVing. In addition to buying a motor home or trailer, you will also have to cover insurance, repairs and maintenance, campground fees, and equipment. You’re going to have to invest in skirting if you plan to use your RV during the colder months. You need a budget to ensure you don’t stretch your finances too far.
Become a Money Saving Expert
Both full- and part-time RVing can easily consume a sizable chunk of your income if you’re not careful. So in addition to creating a dedicated RVing budget, become a money saving expert. Look for discount deals wherever you can find them. Learn about using coupons. Learn how to reuse and re-purpose rather than throwing things away and buying new.
Experienced RV owners are some of the most resourceful people in the world. They figure out ways to save money that the rest of us would never dream of. Every penny saved represents more money to keep the budget in check.
Take Your Work with You
If you are fortunate enough to be able to work remotely, you can combine your work with the RVing lifestyle. You just take your work with you. You can enjoy everything you most love about camping without sacrificing your income.
Maybe you and your family want to spend a month exploring one of our nation’s fantastic national parks. Unfortunately, you only get two weeks of paid vacation. No worries. You can take your two weeks off and work the other two from your RV. On those days you are working, your family can still get out and enjoy the park.
Living the RV life doesn’t have to ruin you financially. With a little common sense and a willingness to control your spending, you can do a lot with whatever amount you have to dedicate to RVing.