How much does it cost me NOT living on the road?
I see a lot of posts that ask how you can fund living on the road full time?.
I also see a lot of social media post that ask for the breakdown of cost so they can get a visual on what expenses there might be whilst travelling full time.
This is ALL very important research and I definitely agree, that planning to do such a huge lifestyle change needs to have careful thought, planning and consideration….
However…..
can I challenge you to look at things from another angle?
Rather than looking at the costs that COME WITH living full time on the road, maybe look at the cost that YOU WON’T HAVE anymore, once you hit the road full time.
Those cost that will become obsolete.
Obviously it would be impossible for me to itemise every cost imaginable, but it is possible for you to find your own number…
all you need to do is:
Go over your bank records and see what you spend money on each month
Ask yourself. Would I have this expense while on the road?.
You might be pleasantly surprised
Some expenses YOU are NOT likely to have on the road (purely to get you thinking) are:
private school fees
public School fees
school excursion fees (e.g. swimming week)
school camps
lunch orders
birthday parties (your own child)
birthday presents for your kids friends
sports memberships (season tickets)
kids sports and hobbies fees
some subscriptions (newspaper, magazines)
meals and drinks out with friends
costs associated with hosting large social gatherings for important events
can you think of any others?
There are also some major costs that you may see disappear like:
Rent or Mortgage
Council rates,
Water Rates, and,
Utility bills to name a few
But these are subject to how you wish to leave things.
We have met some amazing families that have chosen to sell their family home to help pay for their Caravans and motorhomes. And we have equally met others who chose to keep their home and rent it out.
For us, we chose to keep our home and rent it out to Uni Students, so we are paying for all the utilities and rates as before, and our mortgage. However, we found ways around this by using the rental income to cover these expenses, and more. But this for another post.
