A primary motivation for many RV owners who make the move to full time RV life is a lower cost of living. Whether it helps you pay off debt, save money for the future, or just simplify your life, living more affordably is a common goal for many people we know who move into an RV full time.
Make Sure Your Move to an RV is Actually Saving You Money
Something you may not know is that it's possible to spend just as much on your RV cost of living as you are used to spending in your current home. If budgetary savings are a major motivation for your move, check out these tips to make sure you are actually saving money with this new lifestyle change.
Understand Your Ongoing Costs to Saving You Money
The initial costs of buying and renovating an RV are usually well understood, and chances are you are already planning for these upfront expenses. However, there is a false idea floating around that says once you've paid for the RV, you're essentially living for free at the point.
However, there is more than just buying food involved with your ongoing costs, so factor these in as you make your plan:
Fuel costs: One of the most significant expenses in RV living is fuel. The more you travel, the higher your fuel costs will be. RVs are not known for their fuel efficiency, so it’s important to budget accordingly. Planning routes and traveling during off-peak times can help reduce these costs. Another solution is parking at an RV park most of the time and taking day trips to see places with only your vehicle instead of the whole rig.
Maintenance and Repairs: Like any home or vehicle, RVs require regular maintenance. This includes oil changes, tire replacements, brake checks, and general upkeep. Additionally, repairs can be costly, especially if you encounter issues with the engine, plumbing, or electrical systems. Setting aside a maintenance fund is crucial to avoid unexpected financial strain.
Insurance: RV insurance is another significant ongoing expense. The cost will depend on the type of RV, your driving record, the coverage you choose, and where you’re traveling. Ensure that you’re comparing quotes and getting the best deal possible without sacrificing necessary coverage.
Utilities: While living in an RV can reduce utility costs, they don’t disappear entirely. You’ll still need to pay for propane (for heating and cooking), electricity (if you’re staying at a campground with hookups), water, and internet service.
Pay Attention to Your Lifestyle
The major area that ends up busting the budget for some full time RVers is living like you're always on vacation. When you know you're saving money by living simply, it can be easy to make up the difference with your lifestyle without quite realizing it.
While the RV lifestyle often emphasizes outdoor activities and simple living, the cost of entertainment and dining out can quickly add up, especially if you’re in touristy areas. Cooking your meals and focusing on free or low-cost activities can help keep these expenses in check.
Another great way to do this is by living in an RV park that has amenities and a connected community where you'll be able to make yourself at home. For example, our RV park is designed to make you feel right at home, featuring:
Fenced dog park
Wash house
Fire pits
Picnic areas
On site laundry
Vending machines
On-site management
Ready to learn more about living in an RV? We have a welcoming community in a Dallas area RV park we know you will love, so check our availability or contact us any time!
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