What Does It Cost To Start Traveling Full Time?

in travel •  5 months ago

buy-cash-coins-9660.jpg

One of the top questions we get asked about traveling full time is how much does it cost. Now of course this number will be different for every person or every couple that travels, as we all have various needs, comforts, support systems, income levels, and many more factors. BUT, by studying what others have done, you can get a much more clear idea of what it will take to make it on the road and this is something we did ourselves as well.

In October of 2015, we decided to begin saving for this adventure after many talks and long walks. A few months earlier, we were forced to leave behind our new home in Lone Oak, Texas and land we had been investing in to homestead on in Oklahoma and moved into my father’s home to get back on our feet. At first we were trying to get back to Lone Oak and rent another house as soon as possible, but after many discussions, decided that instead of picking just one spot, we should go EVERYWHERE! And then the idea to travel full time was born. And just before Christmas of 2016, we made our big purchase and got our new home. Then we worked on repairs until March of 2017 and then we began our journey on March 20th.

Listed below are the costs that it took for us to prepare to leave, totaling almost $35,000 when you account lost investments and other costs listed, which we raised in under a year and a half. However, this large amount of money was not all earned on our own, we had amazing help with truck repairs and having to pay no rent and bills from my father (which helped us save a ton of money), we had help from my mother and step dad on all the repairs, installs, generator, paddle board rack, etc. and helped us throw a garage sale to earn what we still needed to buy the 5th wheel out right, we had help from Hailey’s grandparents, had a small loan given and paid back to a dear friend, and help from other friends and family by purchasing art.

We also sold Hailey’s car for $1,000 and sold an old camera of mine for $900. And we had a huge failed investment when we put about $3,000 into products to sell at Art Outside, which is one of the largest music and art festivals in the world. However, a hurricane hit Mexico on the west coast and it made it’s way all the way to central Texas and flooded the event out, with NO refunds issued. We lost a ton of money and it was a major set back, but we still made it through!

Check out our detailed costs below and stay tuned for updates on the cost for each month of travel!

TRAVEL PREP COSTS:
$8.4k 2009 Sportsmen by KZ 27’ 5th wheel (bought outright) + inspection of mechanical working of 5th wheel
$4.3k Truck repairs to 2001 Ford F-250 7.3L
$3.8k Canon 6D + TS-E 24mm f/3.5L II Tilt-Shift Lens + 3 TB hard drive
$3k RV repairs and upgrades (major slide out water damage, toilet install, roof repairs, paddle board and generator rack)
$1k Natures Head composting toilet
$1k Generac 7500E Generator
$950 RV insurance for 1 year Progressive
$862 Hitch/install + grey water line + water hose + brass water pressure reducer
$600 Cody new glasses to replace broken ones
$560 Paddleboard
$400 GoPro Hero5 Session and adhesive mount
$335 weBoost (cell/wireless signal booster)
$300 Omega 8008 Juicer
$250 Cookware (cast iron skillets, wooden spoons, knives, plates)
$220 Logos for websites
$200 Camping gear
$175 Water backpacks
$150 New truck radio to replace broken one
$125 Recording Sunglasses
$120 Camera sd card
$100 Camera microphone
$80 RV surge protector
$75 Yoga mat
$60 Internet 1st month through AT&T
$45 Internet HomeBase AT&T
$40 Website domains
$40 Oster convection oven
$25 Cat leash and harness (Kiwi hates THIS)
$20 Solar showers
$20 Spiralizer for veggies and fruits
$20 RV drying rack (decided not use it)

Total = About $27,000

Other expenses:
$3,000 invested in an event (Art Outside) to make money for trip and it got rained out with no refund!
$2,500 Hailey skydiving “A” license
$1,000 in loans and acquired about $4,000 in credit card debt

Total = About $34,000

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

To listen to the audio version of this article click on the play image.

Brought to you by @tts. If you find it useful please consider upvoting this reply.

@mickeybeaves I don't thinks so in this amount we can travel whole world?

If you're traveling within the U.S. in an RV or Van then that sounds about right :) I think I was able to do 3 months all over Europe for under 5-6K on a leased car.

·

but India is cheaper then us you can travel by car :) I bet you would be great journey

I was five years old when I first started travelling on my own. One day I decided to ride my three wheel bike to go see my grandmother so I cycled down the hill very fast and overtook a car and then I over-took another one and I was flying down that hill.
When I got to the bottom I zoomed up the other side very fast and fell off my bike and hurt my knee and so started walking back home crying past all the parked cars I had passed on the way down.
I travelled a long way on that day and everyone saw me pedalling so furiously down that hill but they didn’t catch me until I was walking back.
And ever since then my relations have mentioned this, about how much of a daredevil I was and how far I got on that bike.
I was trying to get to my grandmother’s house, even though I didn’t know the way to get there, but I just had to go and so many times since then it has been the same, when you’ve got to go you just go.
I've never really had any money to travel so I've just gone and done it whatever...

34.000 dollars just to start leaving? Holy shit. I have been on the road for more than 8 months and it have Costed me maximum 10.000 euro. That includes my bike that costed 3000 euro and equipment of maybe 1500 euro. But I guess we do different travels:)