Wow... ppl being honest instead of glamorizing every part of the lifestyle? Here for it!!! 100% I think you made it clear to there were things you could have done to make those expenses cheaper, but you really had a "bucket list year" as you called it. Great work breaking it all down for us!
I tell people all the time, dull time RVing is not any cheaper than stick & bricks. Its just a different way of spending the money. Do you want "stuff" or "experiences & memories" is what I tell everyone.
@@HappilyEverHanks Can you post a link to the StarLink video you mentioned? You apparently intended for there to be clickable link in this video (you pointed to it at 13:55) but it isn't there.
it takes a lot to share personal numbers in this way. Most folks wouldn't do this. It is a TREMENDOUS help for new RV'ers whether full-time or not. Thank you for sharing.
It's impressive you guys can track the numbers so closely! You guys are making more than you are spending, while seeing the world, to me you nailed it!
I never dreamed RV travel was that expensive. Any one who was thinking of buying an RV owe you a big thank you, because now they have an idea of what they are waling into 👈🏾
6 หลายเดือนก่อน +8
It's not. They are people who need top shelf. I spend around 1000 a month and I LIVE 24/7 IN MY RV
A lot of these costs are pretty standard. Phones and internet are pretty much the same for people living in a house, same with food, if you commute to work your fuel cost will be up there, your registrations the same no matter if your stationary or not. Everyone pays these same bills, they just pay a little bit more because of travel. Which I’d say would be 100% worth it.
@@The88ninjas I spend nothing like that on home internet or cell phone here in Chicago. My cable internet has only lately risen to $54 a month, or a little over $600 a year, and my cell phone bill from Xfinity is $21.43 a month on a limited data plan that is ample for my needs. Travel and life on the road are very expensive for an inferior lifestyle.
$53,472.66 total = $4500 per month roughly. Personally I think you are doing great. Look at the experiences and destinations that you have experienced. You are making memories and that is what is important. Great video to inform those who are uninformed. Tremendous service to budding RV'ERS. We just retired 12/31/22. We winter in Florida with an older diesel pusher. The upkeep, maintenance, and repairs are high. We knew that going in but we are making memories Have a cruise to Alaska and a European Tour scheduled. Making memories.
Congratulations to you guys on the retirement! Thank you for your wonderful support and for taking the time to watch. Yes, the update and maintenance are definitely expected with any RV lol We hope to hear from you guys again soon, stay safe out there!
@@bluesteel48 We are very blessed and fortunate to be able to afford these luxuries in retirement. Hard work, good health, staying married to the same spouse for over 40 years. etc...are the reasons.
1. Money well spent. 2. What a huge task that is to compile this and so very helpful for those trying to decide if they can do this. 3. Thanks for making me feel better about our grocery bill. We are a couple who spend about the same. Great video as always
For me this episode is awesome. I am a spread sheet number cruncher and track everything so this made big sense. I spent nearly your total amount living in brick stick house PLUS weekend camping adventures. I hope you are enjoying your life adventures as much as your subscribers enjoy your weekly videos. Stay well stay safe stay awesome. Thanks Kyle & Renee
Thank you so much for a very nice comment! We are big on tracking everything and now having an audience to share it with makes us want to track it even more diligently! Much love from the Hanks!
We bought our new 5th wheel in Michigan and they issued us a permanent trailer plate, which only cost $200. And we never have to pay or renew again. Nice!
I can see part-time campers balking at the total. But for full-timers, this is a good year (considering y'all went to Alaska and partied like rock stars while living the Dream!) When we lived in S&B, our annual expenditures were right at $60k, easy. Since we sold everything, only have my car payment and insurance now as mostly bills, and rent lots by the month, our expenditures are Way, Way down! I just finished our 2023 numbers, and without any boondocking, our total was $28,285. We stayed within 3 states, which lowered the diesel fuel expense a Lot over 2022 (6 states). Since we still work FT remotely, its been a great year for us. I'm so glad you guys got to Alaska and time with family. Hope the PA family meet will happen in the warmer months this year! (Go south, when propane cost go north! 😂)
A big item is missing from the list - depreciation of the truck and RV. Assuming a 75k purchase price for each (150k total), a 10-year life span, and a 25k resale value for each (50k total), you're looking at $100k of depreciation or $10k per year.
@@KaiAdventure could also stop treating everything as disposable and then resale value doesn't matter at all, nor does depreciation. It's all about its utility to the owner at that point.
@@KaiAdventure I don't count depreciation on my personal vehicle. It's something I need and use for life. If they didn't have the trailer, they would still need a vehicle which would depreciate. Then you need to add back the rent they would save by living in the trailer.
@@safeandeffectivelol Surely you need to keep track of depreciation so you can budget how much you need to save so that you have enough to replace the asset when the time comes. This is standard budgeting stuff.
Under $4,500 a month in 2023 is nominal to profile for full time living all over north America. I remember watching this same annual breakdown by a retired couple who were not pinching pennies and the husband even had an unplanned and not fully covered surgery. They ended up with north of $4,500 but less than $5,000 in 2021, so you have done a reasonably good job at finances with the good news that if given the choice, you can get it down to under $4,000 a month--- until you have to budget for a new truck & RV😄
As a retired couple from Mississippi on a fixed income, we have a 24ft travel trailer and a GMC 1/2 ton gas burner. Our spring 2024 trip is 3-months, and we’ve booked US Army Corps campgrounds for 13 of the 15 camps, and the odd two are single nights as we make a long drive. Corps parks cost us $9 - $15 a night, and we know what to expect with Corps facilities. This trip, we’ll drive in a contained geographic area (GA, SC, NC, VA, WV, OH, IN, IL, KY, TN, AL and back home. Except for the one nighters, we stay at least a week in each camp and two weeks in those where we want to explore. We cook the vast majority of our meals, and neither of us like touristy destinations, preferring to be in the woods hiking or exploring the towns near our camps. I say all this only to tell others that life on the road doesn’t have to break the bank. We did a similar trip for our Fall 2023 trip but in a different area of the country.
Having a 24 ft trailer and a "separate truck" for hauling is the best way to go. I am originally from Mississippi. Enjoy your trips and always think safety first 👍🏾
I know a retired couple who sold their house and went all-in on the RV lifestyle. After a couple years of heavy mileage, they realized they basically could not afford to take their RV on the road anymore. They ended up parked year-round at a national park, doing "docent" work in exchange for a free hook-up.
Selling your home to go full time RV is not usually the smartest financial move. If you own a home and want to go full time RVing for a while it is usually much smarter to rent out your home. In most places the home is likely to hold value or appreciate. The RV/truck on the other hand is a consumable good which wears out and devalues over time. Cashing out an appreciating asset to purchase a depreciating asset is not usually the best move.
I feel for you on the he budget!!! My first year retired in my parked RV. Whew! Budget went out the window 2023. Additional setup required, mice ruined furnace, sewer, added sewer pipe run... High enegy bills. Dug into my retirement savings to pay off ea month. I live on my own land, in a forest, meadow, with tons of free wildlife. Totally worth it all!😂 Enjoy your adventure! Thanks for all you share.
We just got mice in our furnace in the last month. We heard it at night and would see little piece of stuff blown right outside the vents. We tried glue traps, snap traps, spinny trap things, none worked. Then, even though we didn't want to, we got poison & haven't heard them since a few days after we put poison in a few different locations. Under the sinks, in the basement, along a couple of other spots. We're currently in Quartzsite, AZ so they probably went looking for water and died out there in the desert. I've heard mouse/rat poison works by dehydrating them. No idea if it's true or not but the mice are gone & we've not smelled them. If you don't have animals, maybe try those sonar things. It worked in our sticks in bricks before full timing, but when we got a dog, he can't take it, unfortunately.
@@theRovingVets Thanks for the great info! Had a mobile RV tech replace motor as mice had gotten stuck in blades! 😳 Happened twice before winter '23 so he wrapped, taped metal screen over the furnace box. Still heard mice behind cabinets so decided to get Tomcat bate traps last week. Put in compartments etc too. Nice, quiet. No chewing! I live in Appalachian Ohio foothills so we got critters. Hate to use poison but Tomcat boxes are pet proof, tiny opening for bate. Enjoy your journey!
I retired, pre-Covid, from Butte Co. (Chico) in N. CA in 2018. I bought a brand new $50k travel trailer and fled Hellifornia. My first year to register it in my new state with FOREVER registration with personalized and specialized plates was $325. That’s FOREVER , meaning I never pay registration again. I got a registration bill from the Hellifornia DMV in 2019 for $1,245… I sent them the new state’s title indicating they get nothing from me. Born, raised, college at Chico State, career there and Hellifornia will never get another penny from me…
@@ryanteter Thanx :^) I had a glitch with my atv and wound up having to pay its reg or they would’ve held up my tax refund…. Between the sheer number of ‘homeless’ and the rampant crime along with the politics and exorbitant cost of everything and much more, it was time to gtfo lol
What state did you get your "forever" registration? Was that $325 for your truck and trailer? Our state taxes the hell out of us for everything, to the piont we are looking at moving.
@@MrToby33333 It was $325 for each. Forever reg for vehicles 10 years and older, but can do on brand new RV's. That includes the specialized (pick your plate from a huge variety) and personalized (pick your word) plates. Forever applies to new motorcycles/atvs as well and they were quite a bit cheaper. CA wanted rougly $1,800 for my truck and travel trailer for ONE YEAR. For $650 I never have to pay a dime ever again. Not to mention my auto insurance was cut by well over 1/3. Montana :^)
Hey guys, thanks for all the great information. I'm a newbie wannabe camper and the idea of year round travel fascinates me...until I watched your video. Your "real facts and costs' analysis thoroughly convinced me to take the train.
Love the Video! But we have definitely got you beat with our expenses this year! As retired Navy guy, I like to capture the big details from our recent travels. This is somewhat of an “after action report”, and includes a summary then a breakdown of all of our RV Expenses in 2023. We started 2023, in Orlando, Florida spending holidays with our family. We then hit the Tampa RV Supershow, 24 Hours of Daytona, Key West, and then spent 2 weeks working for Y2V in a Florida State Park. We left Florida in March, to attend the FMCA Rally in Georgia, followed by 2 weeks of work on the Old Lady (name of our 2008 Tiffin Allegro Bus 42QRP) in Red Bay Alabama. From there, we went south to Gulfport MS and got caught up with Peggy’s family. Then we headed North to Tennessee to hit the AIM rally and catch up with our friends. We spent most of May in Tennessee, and then traveled north to Kentucky and the Bourbon Trail. We stopped in East Peoria, IL in June to visit our family. Afterwards, we headed to Iowa for a Tiffin Rally, and then spent 2 weeks in the Wisconsin Dells. We then traveled onto Minnesota and spent the 4th of July at a COE Campground. We then continued West to Medora, North Dakota. Next, we moved to South Dakota and stayed at Sturgis, boondocked in the Badlands, and stayed in Rapid City visiting all of the local sites (Mt Rushmore, Wind Cave, Custer State Park, Crazy Horse, etc). We then spent a night at Devil’s Tower and visited Little Big Horn National Park. We spent a few days in Cody, WY prior to heading to Yellowstone National Park. We boondocked outside of Yellowstone and spent several days enjoying the majestic sites in the Park. We then headed just a few miles South to Grand Tetons NP, where we enjoyed a quiet week and some great hikes. We then headed to Gillette WY for the FMCA Rally, where we joined the Elks. We then spent about 5 weeks in three different Colorado State Parks. After Colorado, we headed to the Albuquerque Balloon Fiesta for 10 days. This was the highlight of the year. We got to be a member of a Balloon Chase Crew, and both Peggy and I were able to get some “air time” in the Balloon. After the Balloon Fiesta, we started our slow return to Florida, stopping in Amarillo and Oklahoma City on the way. We also spent a week at a nice COE Park near Little Rock, AK prior to heading back to Red Bay for some more work on the Old Lady. After Red Bay, we returned to NAS Pensacola for a couple of weeks prior to heading back to Orlando. After Thanksgiving, we traveled down to the Florida Keys and spent one week on the beach at Curry Hammock and 2 weeks at NAS Key West. We returned to Orlando, to celebrate the most important event of the year, the birth of our first granddaughter on December 23. We spent Christmas and New Year’s with family, friends and Baby Demi. STATS FOR THE YEAR: Miles Traveled in RV: 10,612 - Diesel Consumed 1,682 Gallons; net cost for diesel $6,420 or $0.605/mile 19 States Visited: FL, GA, AL, MS, TN, KY, IN, IL, IA, WI, MN, ND, SD, WY, CO, NM, TX, OK, AK Camping: We stayed at 66 different Campgrounds (includes Boondocking, Elks & HH) over 365 days. During the year, we spent 47 nights without any utilities. Of the 365 days of camping, we spent: 53 Nights in TT/Encore Parks (Campground Membership) 28 Nights in Coast to Coast (Campground Membership) 96 Nights in State/City/National Parks/COE Campgrounds 27 Nights Boondocking 65 Nights in Military Campgrounds 42 Nights at Rally Sites 35 Nights in Commercial Campgrounds 12 Nights in Elk Lodges 7 Nights in Harvest Host (Boondocking) $10,713 on Campgrounds, and $2,875 on 6 Rallies. Club Membership $2,431 - including TT $945, C2C (4 yr renewal) $480, AIM Lifetime $400, Others - Coachnet, HH, Boondockers Welcome, Elks, Moose, Nomads, Escapee’s, FMCA Insurance $1,906 - Full-timer’s Policy from Progressive Items for the RV (assorted stuff) $2,281 - includes an expensive dashcam and a new Ninja Woodfire grill RV Mailing Service $ 418 - St Brendans Isle RV Internet - $ 1,770 - MiFi with unlimited T-Mobile from Calyx $500 + Rest is Starlink Ok, now the really expensive stuff: Damage/Paint Work - $2,595 - most of this was paint work repairs due to age, not from collisions. Maintenance - $3,914 - Routine Maintenance on Diesel Engine, Generator. Blue Ox and Aqua Hot, roof inspections, plus replacement slide toppers and a detail 6 New Tires - $4,021 - replaced 6 rear tires at 6.3 years old. Shop Repairs $9,406 - Repairs to Coach Air System, slide out floor replacement, Dash AC repairs, slide motor replacement, replaced solar wiring, replaced powered cord reel, repair toilet, repair engine heat shield, inspect AC’s & fix, repair broken tiles, plus others RV Upgrades $6,080 - Replacement carpeting, wifi thermostat, new dinette table, upgraded interior lighting in multiple locations, installed tile backsplash, TV Cabinet modifications, new desk and ottomans. Solar/Lithium Upgrades $8,518 - Added 400Ah of Lithium to previously installed Lithium. Added another set of 4-0 wires to inverter. Replace solar controller and all six solar panels. The number below represents our RV expenses for the year, they DO NOT include food, entertainment, meals out, medical, cell phones, personal expenses or clothing. TOTAL RV EXPENSES FOR YEAR: $61,258
Hi I am Max Christensen. I am 74 yrs old. I have been RVing part time for a number of years. I have had several travel trailers, from 16 ft to 29.6 ft., as well as having a home-made pickup camper and tents. We had a 29 ft Aspen Trail for 10 years and pulled it with a 2004 F150 with a 4.6 l engine. We have been to all 50 states. In 2022, I bought a new 2021 F150 with a 3.5 eco-boost engine. We currently use it to pull a 29.6 ft Springdale travel trailer. I took the old, 2012, Aspen Trail travel trailer to all states, except Hawaii. That pickup had been 60 miles north of the arctic circle, in Alaska. It had 242k miles on it. The trailer had 69300 miles on it when we traded it off for our new trailer. It has been nice watching your videos as we have been to most of the places ;you are describing. Last year, for our trip to eastern Canada, New Brunswick, Nova Scotia, and Prince Edward Island, we purchased an "RV Toll Pass". This worked out really well for all states and Canada. I am a retired Construction Project manager. I retired in 2016. Before that, I would travel with my wife around the country as she taught search and rescue dog handling to groups. I would go whenever I could get the time off. We would try to take a week both before and after the class she would teach and sight see as we traveled. Keep up the fun travels.
I have a C-Class Jayco 31 on a Ford 450 Super Duty chassis and a Triton 10 engine. It is a beautiful deluxe camper. At gas stations, often people will admire it and ask, “what kind or gas mileage ‘ya get with that?”. Usually, I just look puzzled and reply, “I don’t really know, I just get gas when I need it”. Point: I didn’t buy this rig for fuel efficiency. Just between us: I get between 9.5-10.5. It’s a 2019 w/ 53K miles. I use it and I LOVE IT!!
Thanks for the update, the depreciation on the RV and truck would make you cry. But take in all the sights and experiences versus hotels, rental cars and expensive meals not to mention flights.
Holy guacamole!!! More boon docking guys for sure, but hey - stuff adds up faster than you think. Keeping track of expenditures is a good idea, and your honesty is very helpful to others.
Wow! Thanks for the breakdown. it was very helpful. Gives us a better idea of how much it would cost us to RV through Alaska. Thanks Hanks! For all the work and sharing it with your viewers!
In California, if you rent someplace for a month you trigger the rent/tenant laws. Among other things it can make it extremely difficult to evict you, you are now a TENANT. If you only stay for 29 days, you are not covered by those laws. RV parks would be wiser to offer a four-week, 28 day rental, and stay away from "monthly" for that short term.
The other problem (if I remember correctly) is California residency laws. At 30 days or more at one location the state can claim that you established residency which could then trigger tax implications and even DMV requirements.
I could live in an ultra-elegant 2,200 sq ft Lake Shore Drive condo with views of Lake Michigan in Chicago for less than what the RV lifestyle costs these two.
@@teamtaggedout Easy to prove. A high-quality Class A RV, like a Newmar or a Prevost Marathon, costs at least $500,000 for one used. If it's 40' long and 8' wide it will, with additional space from slide outs, give you 400 sq ft space at the most. If you use it as designed, which is to travel, a Prevost will get 4 mph and a Newmar maybe 6 mpg if that. That's about $2,000 a month in fuel costs if you get any real use of it at all. Then, you cannot live in it full-time, at least not in cold climates, unless you want enormous additional utility bills. Then there are the repairs and routine maintenance. Between fuel, maintenance, and expected repairs, you will easily spend $3,000 a month you run this rig, and then there are the costs of decent, safe, campgrounds, figure $50- $200 a night and you must reserve months in advance. By contrast, you can buy an elegant, architecturally significant condo with 2 huge beds and 2 baths at 3800 N Lake Shore in Chicago, a drop-dead gorgeous building with elevators, garage parking, and spectacular views of Lake Michigan for $530,000-$550,000. The HOA is $2,200 a month and it includes your heat (big item in Chicago), water, trash collection, building maintenance including 2 on-site custodians. It includes professional management. The unit on sale now has Space Pak AC, gigantic rooms, ample storage space, 2 beds and 2 baths, and is in good condition though you will want to decorate. Taxes are about $9000 a year. Buses downtown at the door, in a safe neighborhood with restaurants, coffee houses, live theaters, libraries, medical facilities, schools, multiple grocery stores, and you can flag a taxi. You get two parking spaces in the covered garage. Secure building with elegant, wainscoted lobby, passenger and freight elevators, of course. In all, about the same costs as life squeezed into a Class A RV, and the smaller RVs are worse.
Whoa! We only move twice a year and work camp to live for free…including propane and laundry. It definitely makes a huge difference. Thanks again for a wonderful video. ❤️Pitts from Pittsburgh.
Well, y'all just murdered my dreams & ambitions of living in my Van & travelling for a few years to enjoy my retirement. Guess I'll sit in front of the TV & sleep away my days & retirement years. 😢 Happy travels to everyone who can afford it.
Good news is, if you are healthy, that every day you have a choice. Either spend the day indoors, zombied out in front of a screen or, you can treat every day like a new adventure. Do something that benefits mind and body, and isn't draining the wallet.
There are ways to cut those costs considerably and still have fun. Boondocking, stay longer in one spot (cuts fuel costs), etc. If you really want to, you can do it
drive less and stay a while, go to a nearby spot instead of Alaska and back. Use BLM land and stay free, or NF land for a $30 annual pass. Don't go to restaurants as a general rule. When I went out camping for a week I spent $15 on food. Convert a van instead of an expensive RV. They are just making expensive choices like a lot of people do.
Considering the cost of stationary housing today, your cost for the year does not sound outrageous. *Cost-of-living* - anyplace, or in any comfortable form; is alarming during these current times.
Hi! I'm not a full time RV'er. However, I do go on extended trips of 4 to 6 months at a time (ain't retirement great!). You asked about numbers. Here are a few of mine: Trailer insurance (Farm Bureau): (2024 East To West Alta 2350KRK), $118 x 2 = $236, Pickup Insurance (2021 Chev Silverado gas): $603 x 2 = $1208, Trailer Registration: $53, Truck Registration: $34, for a TOTAL OF $1531. There is a one time Sales Tax $2954. This is for Meigs County, TN. Other counties in the state have different rates, wheel taxes, etc. I'm going to try Starlink this next trip, but I don't have it yet, so the costs are still pending. I enjoy your videos and like every one I watch. Maybe our paths will cross some day. Look for me mainly in the Pacific Northwest. 😀
We appreciate the clear picture of your 2023 year. FYI - we are trying to stay at Echo Basin in CO on your say so this spring.... Pressure is on. Take care.
Great video! Considering all you did, that wasn’t as high as I expected it to be. Appreciate your transparency and humility as you share the details of your journey with all of us.
My mortgage payments (plus tax and insurance) are 22000 per year, this is for ownership of a 3500 SF, purchased in 2015 (when interest rates were low). Crazy to think just to park your RV, you pay $16K per year.
You may want to add the monthly cost for the purchase of the truck and RV these aren't normal costs for 99% of people. What did you pay for the truck, RV and hitch? To buy what you have you are looking at about $150,000.
I appreciate your diligence in keeping your records and sharing them with us. I think that most people starting out on the road have no idea how much it will cost them. We don’t live on the road but we pulled a loaded cargo trailer 2000 miles for a friend who was moving. We couldn’t believe the extra fuel we used and the amount of DEF the truck went through. Twice as much as the trip home without the trailer.
A couple of additional categories: Actual camper and/or truck payments if not already paid off in full. Keep in mind that even if these are paid in full, you should be setting the same as a payment aside towards an eventual replacement. Then, there are a host of things related to a transient lifestyle - handling postal processing, higher health insurance premiums, annual app fees, all the related video creation costs, etc.
This is great information Harry! Well received on our end, because we can completely agree with you. It's great to stay ahead of the game with finances, and take into account those other expenses 😃 Thank you for your time in watching our videos, we appreciate you - Kyle
@@HappilyEverHanks - Hi Kyle! Thanks for your reply… and I just uncovered a paper I was looking for to prep for filing taxes. We live in Indiana, and have a 2021 Grand Design Reflection 315RLTS and a 2022 Ford F250 (gas 6.2L). We paid $563 on plates for the GD and $432 for plates on the truck in 2023. So almost $1000! (We also have another commuter car and a utility trailer.) Anyway wanted to give you feedback on comparison to your South Dakota plates. We are still sticks and bricks for a few more years but spend about 30 nights a year in the RV which we have named “Grace”. The two shelties love to go live in the “bye-bye house”! We love to watch both of you. (And Dexter!) We live in the county where your rig was built! LOL
This is actually really great info! Hearing about this stuff on the really high-end of things makes me feel a lot better, and I'm relieved to say my projected budget sits comfortably even with a huge number like that. My wife and I are in the planning stages of RV life right now, and still have a long way to go. So much research to do! 😄
Me too. I'm looking at a 20ft single person camper, a used truck, relaxed travel plans and as much boondocking as I can manage. So my 35-40K a year's looking AOK right now.
Great video but you left out some of the biggest costs - the prorated cost per year of purchasing the truck and RV (or monthly loan cost) and the depreciation of each every year. You really need to include these to come up the true cost for the year. This isn’t necessary for a house since that value usually increases or usually at least stays the same over time instead of depreciates.
I'm so glad you did the Alaska trip since my husband and I want to take a trip up there once we retire and hit the road. I loved seeing the scenery and want to see it with my own eyes even more now.
Over the years we had downsized to a 23-foot class B after driving a large class C for decades. Now we don't have the kids or any pets, so a smaller rig works out well for us. Getting 17 MPG is nice now. Going out to eat was our biggest expense. We also try to avoid expensive RV parks as much as possible.
Basically your monthly expenses were ~$4500/mo. Which didn’t include any entertainment/clothing/vet/miscellaneous expenses. Which isn’t too bad for being able to travel anytime and any place. RV full timing or living in a brick/mortar isn’t that far apart when you break down the expenses. I still can’t get over how expensive your RV insurance was, cost almost the same as a homeowner insurance. Thanks for sharing.
Great point! Yes, it is a little bit more easily digestible when you break it down on a monthly basis like you've done. Thank you so much for your support and sharing this with us! We appreciate your time in watching - Kyle and Renee 🙂
Thanks for another amazing video. Just love that y'all are down to earth and really put it all out there. We won't ever be full time, but it's easy to see that the cost can drastically rise if you're only staying a few nights here and there. We did a 30 day trip, to Colorado, Rocky Mountain National Park, Grand Tetons, Yellowstone, Mount Rushmore, Branson, Mo and then home and our costs totaled over $6,000. Now that included some excursions. Even though it wasn't cheap, I would do it again in a heartbeat for all the wonderful things we did and saw.
Thank you very much for saying this, it makes our day reading it! That is so awesome to hear that you guys were able to squeeze in a 30 day trip to all those amazing places. It sounds like a really great avenue to go and we foresee ourselves one day having a home base possibly. Thank you for your support and for taking the time to watch our videos 😊 - Kyle and Renee
I think a big part of that total was the trip to Alaska, like around $20,000 or so as I recall. The good thing is that my hospitalization is about $800 a year due to medicare but the rest seems about right. Keep the good stuff coming guys.
From my experience transporting Propane from refineries to distribution companies, the price change on propane happens on Tuesdays. Weekend sales get reported on Mondays.Supply and demand. So, as it gets colder, fill your tanks prior to Tuesday and as it gets warmer, fill after Tuesday. Once again, great job on the vid and breakdown
Honest look back at the years cost. Thanks Hanks! Whether taking off for vacation, semi full time or outright over the road living it's prudent to do a amortization of costs. Look at your costs for house or rv, they'll be similar. Mortgage, food, utilities and compare with campgrounds, food and fuel. If for example your amortized costs for home living is $4100. per month. You should be able to manage rv'ing for a similar cost on the road of $41K annually. Exceptions will be bucket list high expense items and other out of the norm items. Can't wait for the Hanks Tennessee "huddle"!
@@Lex-Rex My house payment is only $400/mo for a 6bd/4ba that I bought in 2020. Compared to other states in the US, that's dirt cheap. Since he's in an RV and not a cardboard box, he might be happy parking it "under a bridge next to a river". Think about it. He has the river in his backyard to fish every day or get out his kayak and doodle along. The plan w my RV is to swap it for a boat: an RV on the water.
You didn’t cover medical expenses. Upgrading your truck and trailer. You know like the battery bank and generator. Clothing is another consideration. Anyhow like you said it’s not cheap. You do a great job of watching where the money goes.
I am tickled lol!!! The food y’all! I hope yall enjoyed every single day of 2023. It was a huge price hike for everyone I think. Thank you for the videos!
That is why I hit the like button as soon as the video starts and watch all the ads. That is how you make money from you tube to keep your channel going. Love you guys !!! Nana, you look great in blue, Carl (my name also ) you look . Lest move on, LOL !! Even though we do not have an RV, watch your channel every week just to get ideas where to go. My bride ( of 35 yrs. ) took a nomadic trip 2 yrs. ago around the east coast. Had a plan to go from north GA, up thru TENN, Kentucky, Ohio to Niagra Falls. Over to NH and back down home to GA. Missed 2 states on the trip, Maine and RI. Missed Maine because and Arcadia , the prime leaf changing season. No hotels for a 250 mile radius. Got luck and found some where to stay at a 1970's dew drop inn that had been remodeled. Was one of our best stop of the trip. Point being, half of our stops were not planned. We just took us where the wind blew us. Case in point. We were drive down the road and my bride says, Mark Twains house is coming up. I rolled my eyes, said OK. We spent the night and went there the next day. I ate my words again, was one of our best stops on the trip. Most of our best stops were not planned, just hit on a whim. The Air & Space Museum we found out about from the Wright Brothers Museum hosts. We ended up spending an entire day there, unplanned. We are retired so we had that option. The thing that mad me sad was seeing the other family's come thru, look at a plane for 5 seconds and move on because they had a schedule to keep. Did not read anything and learn about the history. My bride and I read most of everything, took us the entire day to go thru and we got there when they opened. Left at almost closing time. Yes, we spent a bit of money staying at hotels. We got up every morning with a soft plan in place where we were going for the day, headed that way but if something came up. BAM, change of plans. Got done with the day, started heading towards the next spot and my bride would find us a place to on the road to our next stop. BEST THING WE HAVE EVER DONE !!!!!!!!!!!!!!!!!! Yes we spent 10K on this trip, traveled 4008 miles. Would not trade it for all the tea in China. The Hanks are part of why we new where to go and we thank them. Also, they taught me to go with the flow, expect the unexpected. We did and stopped on a whim. What a blessing that was. If you ever come down I - 75 north of ATL. There is a new RV park being built in Cartersville, GA on the Etowah River off of Red Top Mountain Rd. exit. Which is around exit 288. Not completed yet, but maybe by end of summer '24. Looks like about 75 spots. Some along the river. SAFE TRAVELS !!!!!!!!!!!!
It must be nice to be that young and have that kind of money. It's definitely something to be envious of, seeing and taking in all the beauty that this continent has to offer. Realistically though, I don't think most people will ever be able to relate to and/or enjoy such luxuries. I think for many right now, just making $53,000 would be a blessing.
With Vanlife and 21K a year I've traveled in/lived in /worked in Alaska and Montana (originally from Tennessee) It is doable but there are a myriad amount of ways to lose money when RVing full time.
Sounds about right , we saved a lot of money by boondocking and in most cases it’s was the best experience, no generators or people . The expenses you didn’t mention are the cost of the trailer and the truck , if you’re not paying cash for them and have to make payments you also need to include that as well . As you know you can get into those combined for $150,000 to $200,000 easily. There’s no doubt that RVing is fun but as you have shown it’s not cheap. Thanks for sharing
First of all, Renee, that is THE PERFECT COLOR for you!!!!! You looked especially pretty in this video. My husband and I enjoy watching your weekly videos. Thanks for all the fun info!
Part of this is because you are trying to live in an RV like you would in a large home. Try a used van, cook your own food, and only camp where it is free then you can live cheaply. You also must be debt-free with no payments. If you are going to spend this much money you may as well stay in a house that doesn't depreciate like your RV will. Good luck.
They strike me as very well off in some form or another because first of all it takes a good deal of income to even have these expenses and secondly it would be extremely foolish to do without having assets in place
@@fkcoolers2669 Maybe, but debt is at an all-time high and many are living off credit, but if anything goes wrong they lose it all. I have a friend who had $180K in cash a year ago, but after buying a new truck to pull his new 5th wheel he is now broke and his job has now cut him from a 6-day to a 4-day week due to sales dropping 60%. He's not sure how long he can hang on. But he looks rich.
@@Broncort1 Enjoying the outdoors without having debt is much better than having the stress of a big RV. Being able to hunt, fish, and camp in the wilderness almost anywhere and anytime is never boring. Maybe you're just the in-door type playing video games all day.
Thanks for all the deets! 😁 We just spent $513 for our annual RV insurance policy through Progressive. We have a 33' Grand Design Reflection, and it's full-coverage ($500k liability) but without roadside assistance. Needless to say, we find that to be a very good deal.
@@safeandeffectivelol Fully loaded 32ft RV 350ci V8 engine with 9 Adults and a double axel U-haul trailer fully loaded with band equipment. Criss-crossed across the nation. Yes. Absolute $300 day in gas. Now go on and mind your business.
Thanks! You guys are very informative! I have thought about going full time when I retire and your diligence and honesty help out with the pros and cons!
Always interesting to compare our budget to others. Oh our Ram 5500, New Horizons 5th wheel and CRV insurance for 2023 was $2700 total. I'm about to share totals for all 11 years we have been fulltime. It's interesting to see the increases.
GAH! They spent more parking in RV parks than I spend on my HOA (which includes an indoor pool and most utilities), house taxes, house insurance, electricity, phone & internet together.
After just purchasing 2024 zr2 before Christmas After much much videos I got rid of it yesterday and got a 3500 turbo diesel...even before purchasing a 5th wheel I realized the zr2 was holding us back..my wife knew I wasn't happy...love her..and your videos signed I GOT THE RIGHT TRUCK NOW😊
It's nice getting an honest run down of costs. I roughly plan for $1k per week of RVing. It's relative. Some would say that's a lot, others might say that's inexpensive compared to other road trip methods. My number doesn't include maintenance, insurance, depreciation, wear and tear. A chunk of that are fixed costs supporting this thing I like to do called RVing.
Well what do you expect if your idea of RV living is traveling in a huge mobile home? My wife and I spent 2 full years living in our small RV and we traveled 60,000 miles. Costs were really, really cheap. We did not need to stay in RV parks. A couple of solar panels made up for a lack of hook ups so we stayed in boondock areas, National Parks, National Forests, BLM land, etc, etc. When on the road, we stayed at rest stops, Walmart, Cracker Barrel, etc for no cost. Costs for camp sites averaged under $10/day. We did not tow tens of thousands of pounds so fuel costs were much lower. Food was simpler and less expensive than when we lived in a house. Propane costs were hardly worth mentioning. Even when we needed heat, the living area was small and cheap to heat. We established residency in South Dakota so we had no income taxes, low insurance costs both medical and for the RV. We never paid for internet and used our unlimited cellphone plans to provide computer hot spot internet access. We traveled the country, had a great time and spent less than living in a small apartment.
@@Chris-hw2nx Northstar 9.5' truck camper. The only seating is a 4 person dinette but otherwise it has all the basic comforts: queen size bed, kitchen with 3 burner stove, microwave (rarely used), refrigerator, wet bath, solar/generator, oversized AGM batteries and way more storage than we needed even as 4 season full timers. What is missing is open floor space, washer/dryer, oven, fireplace, big screen TV. Choices are a matter of lifestyle. We spent almost everyday outside with only a couple of hours a day indoors in the evening.
That's not bad at all. Especially, when you consider renting sticks & bricks alone, in many markets, will run you north of $2000 per month. Renting anything with a view, or lakefront, or anything like where you stayed this past year, will run you $4000-$6000 in the Boston market. I'm guessing it's similar in many California markets, too.
Your right about the prices. Campgrounds prices shot up in when covid hit and everyone started to do camping for their family vacations. Inflation doesn't help and that how they justify the increase. Yet I bet the prices will not come down when Inflation does drop.
Our family spend your grand total on rent alone for a year in San Diego. So that sounds like money well spent! And by changing where you stay and choosing to boondock gives you the control to lower your cost of living, unlike living in a sticks-n-brick home.
One thing you forgot, Value loss, by plowing all those miles onto the truck you lose value faster,after 10 years your 5 th wheel lost 80%or more of its value,so keep that in mind when you have to replace all of that
Kyle and Renee, you guys have come a long way since you began. This was a great presentation but you're really only talking 4400 +- per month which includes Alaska and a lot of seafood. You guys are also internet super stars who document your travels and do your Traveling Nursing so that gives you a higher budget to start with. I feel the average RV couple would spend less because most are retired and don't need to live at the same standards as when they were working. I am not full time yet so i can't throw out my numbers but i have done a few lengthy excursions. My last was 17 days up the east coast and into Canada. I used a mix of Harvest Hosts and reserved campgrounds, bought seafood, souvenirs, park passes and even ate out more than usual and i think our total including diesel was 2100 but we are both still working so our budget is bigger than if we were retired. The Fuel was the number one cost at 900. Total miles were 2263.
Wow! We retired in 2018 with the intent of touring America and visited family all year round. It was really, really expensive. And we discovered we don't like towing a 35 foot travel trailer. It's scary. We parked out travel trailer full time in a 55+ RV park in Rio Grande Valley near Brownsville and South Padre Island. We bought a second camper, A 20 foot hybrid trailer that remarkably has everything we need while we're on the road. We toured 5 months in 2019. Then came the pandemic and we stayed in Texas for two years. Now we tour 2-3 months every summer. We don't see everyone every year but we get there every couple of years.
They do have more disposable income than many others in the full-time rv lifestyle. We started our journey in 2011 & finished in the summer of 2022. The cost of fuel& maintenance on our motorhome were getting to the break point - so we found our final home and now just travel in our small truck & hotels. We definitely didn't have as much disposable income (started with $1600 a month !) but we planned well and as SS became available we took it early in order to increase our monthly income. We have no regrets in our time on the road, but now glad to have a permanent home within our budget.
Thank you for making this video and your transperancy! Money well spent if you ask me. Didn't hear the solar or generator mentioned, were those included in any of the catagories? #ThanksHanks
You only live once. Really not that bad. Great information. We are retired. You both are still working. Some months we are at $4,500-5,000. But we RV part time and will never sell our real home at our age. Thank you for the information. This video will require a rewatch.
There are a couple of other items that could be mentioned. And that would be the Mortgage monthly payment for the rig and tow truck. As well as DEPRECIATION, on both. I know everyone has to live in something, but it's got to be figured in as an expense of RVing.
#Thanks Hanks: Having traveled in the past, I can understand how expensive it can be to travel in a RV in places like California, Washington State and Alaska. All of these places can be very expensive to travel around in. While I know that it costs to buy groceries and eat out, I tend to make eating out more of a once or twice a month treat. I tend to spend more time cooking at home and save on buying too many meals out and tipping that way. If I'm camping for a week, I tend to make a pot of soup or chili and a batch of corn muffins, which normally will last me for a week. I will tend to freeze the soup or chili and corn muffins in my 12v freezer/frig and work the soup or chili with a corn muffin in. Either between breakfast and dinner or have a bowl and corn muffin for dinner. I also tend to get a fishing license and catch fish for a fish fry and serve them with some potatoes. I find that I can keep the cost of buying meat products down, this is just what works for me. For me to keep my cost of cooking with propane down, by tending to cook over an open fire more. Including, using a convection burner or 12v frying pan or 12v oven hooked to my power station or cook over an open fire to help keep my costs down, which is what works for me. I would agree boondocking will save far more money and is a lot of fun to do. I'm not sure who you are doing business with guys, but my RV insurance that I just priced out through State Farm Insurance will run me $30.00 per month for a total of $400.00 per year. If you have checked this out Hanks family, the national parks offer a national parks pass for an annual rate. I will list a link to their site for you to review: www.nps.gov/planyourvisit/passes.htm
Wow... ppl being honest instead of glamorizing every part of the lifestyle? Here for it!!! 100%
I think you made it clear to there were things you could have done to make those expenses cheaper, but you really had a "bucket list year" as you called it.
Great work breaking it all down for us!
I tell people all the time, dull time RVing is not any cheaper than stick & bricks. Its just a different way of spending the money. Do you want "stuff" or "experiences & memories" is what I tell everyone.
We really appreciate your honesty, Kalen! Thank you for your support and kindness ❤ We appreciate you!
EXACTLY!!
@@HappilyEverHanks Can you post a link to the StarLink video you mentioned? You apparently intended for there to be clickable link in this video (you pointed to it at 13:55) but it isn't there.
@@Milesco Here you go! th-cam.com/video/WjIXDdshPpk/w-d-xo.html
it takes a lot to share personal numbers in this way. Most folks wouldn't do this. It is a TREMENDOUS help for new RV'ers whether full-time or not. Thank you for sharing.
It's impressive you guys can track the numbers so closely! You guys are making more than you are spending, while seeing the world, to me you nailed it!
I never dreamed RV travel was that expensive. Any one who was thinking of buying an RV owe you a big thank you, because now they have an idea of what they are waling into 👈🏾
It's not. They are people who need top shelf. I spend around 1000 a month and I LIVE 24/7 IN MY RV
"walking"? "wading"?
@@Milesco waling. Like running into a wall..lol
A lot of these costs are pretty standard. Phones and internet are pretty much the same for people living in a house, same with food, if you commute to work your fuel cost will be up there, your registrations the same no matter if your stationary or not. Everyone pays these same bills, they just pay a little bit more because of travel. Which I’d say would be 100% worth it.
@@The88ninjas I spend nothing like that on home internet or cell phone here in Chicago. My cable internet has only lately risen to $54 a month, or a little over $600 a year, and my cell phone bill from Xfinity is $21.43 a month on a limited data plan that is ample for my needs. Travel and life on the road are very expensive for an inferior lifestyle.
$53,472.66 total = $4500 per month roughly. Personally I think you are doing great. Look at the experiences and destinations that you have experienced. You are making memories and that is what is important. Great video to inform those who are uninformed. Tremendous service to budding RV'ERS. We just retired 12/31/22. We winter in Florida with an older diesel pusher. The upkeep, maintenance, and repairs are high. We knew that going in but we are making memories Have a cruise to Alaska and a European Tour scheduled. Making memories.
Congratulations to you guys on the retirement! Thank you for your wonderful support and for taking the time to watch. Yes, the update and maintenance are definitely expected with any RV lol
We hope to hear from you guys again soon, stay safe out there!
How do you support that expense ?
@@bluesteel48 We are very blessed and fortunate to be able to afford these luxuries in retirement. Hard work, good health, staying married to the same spouse for over 40 years. etc...are the reasons.
So how much would it cost if you had 2 kids going on your trip another 10 thousand maybe?
I spend 1000 a month. Full time rv. 2 years. My rv is paid for.
1. Money well spent. 2. What a huge task that is to compile this and so very helpful for those trying to decide if they can do this. 3. Thanks for making me feel better about our grocery bill. We are a couple who spend about the same. Great video as always
They have to compile these expenses for taxes anyway.
@@sailshonan Why they did it does not make it any less of a huge task. So other than trying to devalue their efforts I am not sure I get your point.
Thank you so much @JolleanSmith!
Why are people amazed? Daily data entry on a spreadsheet. 2 to 3 minutes a day. Now if your disorganized like so many people you'll never do it.
For me this episode is awesome. I am a spread sheet number cruncher and track everything so this made big sense. I spent nearly your total amount living in brick stick house PLUS weekend camping adventures. I hope you are enjoying your life adventures as much as your subscribers enjoy your weekly videos. Stay well stay safe stay awesome. Thanks Kyle & Renee
Thank you so much for a very nice comment! We are big on tracking everything and now having an audience to share it with makes us want to track it even more diligently! Much love from the Hanks!
We bought our new 5th wheel in Michigan and they issued us a permanent trailer plate, which only cost $200. And we never have to pay or renew again. Nice!
We're in Michigan too. Love the one time registration fee!
I'll pack that away into the old memory bank for later lol
Do you travel MI roads and what are their condition?
I can see part-time campers balking at the total. But for full-timers, this is a good year (considering y'all went to Alaska and partied like rock stars while living the Dream!) When we lived in S&B, our annual expenditures were right at $60k, easy. Since we sold everything, only have my car payment and insurance now as mostly bills, and rent lots by the month, our expenditures are Way, Way down! I just finished our 2023 numbers, and without any boondocking, our total was $28,285. We stayed within 3 states, which lowered the diesel fuel expense a Lot over 2022 (6 states). Since we still work FT remotely, its been a great year for us. I'm so glad you guys got to Alaska and time with family. Hope the PA family meet will happen in the warmer months this year! (Go south, when propane cost go north! 😂)
A big item is missing from the list - depreciation of the truck and RV. Assuming a 75k purchase price for each (150k total), a 10-year life span, and a 25k resale value for each (50k total), you're looking at $100k of depreciation or $10k per year.
Your math is off. How can you have $100K of depreciation when the cost was $75K? With a $25K resale, that would be $50K depreciation, which is $5K/yr.
@safeandeffectivelol I assumed 75k EACH for the towing vehicle AND the RV = 150k total. Thus, my math should be correct.
@@KaiAdventure could also stop treating everything as disposable and then resale value doesn't matter at all, nor does depreciation. It's all about its utility to the owner at that point.
@@KaiAdventure I don't count depreciation on my personal vehicle. It's something I need and use for life. If they didn't have the trailer, they would still need a vehicle which would depreciate. Then you need to add back the rent they would save by living in the trailer.
@@safeandeffectivelol Surely you need to keep track of depreciation so you can budget how much you need to save so that you have enough to replace the asset when the time comes. This is standard budgeting stuff.
So true! Everyone we talk to tell us that their travels always cost more, even when they plan and prepare. Good tips!
Under $4,500 a month in 2023 is nominal to profile for full time living all over north America. I remember watching this same annual breakdown by a retired couple who were not pinching pennies and the husband even had an unplanned and not fully covered surgery. They ended up with north of $4,500 but less than $5,000 in 2021, so you have done a reasonably good job at finances with the good news that if given the choice, you can get it down to under $4,000 a month--- until you have to budget for a new truck & RV😄
As a retired couple from Mississippi on a fixed income, we have a 24ft travel trailer and a GMC 1/2 ton gas burner. Our spring 2024 trip is 3-months, and we’ve booked US Army Corps campgrounds for 13 of the 15 camps, and the odd two
are single nights as we make a long drive. Corps parks cost us $9 - $15 a night, and we know what to expect with Corps facilities. This trip, we’ll drive in a contained geographic area (GA, SC, NC, VA, WV, OH, IN, IL, KY, TN, AL and back home. Except for the one nighters, we stay at least a week in each camp and two weeks in those where we want to explore. We cook the vast majority of our meals, and neither of us like touristy destinations, preferring to be in the woods hiking or exploring the towns near our camps. I say all this only to tell others that life on the road doesn’t have to break the bank. We did a similar trip for our Fall 2023 trip but in a different area of the country.
Having a 24 ft trailer and a "separate truck" for hauling is the best way to go. I am originally from Mississippi. Enjoy your trips and always think safety first 👍🏾
I know a retired couple who sold their house and went all-in on the RV lifestyle. After a couple years of heavy mileage, they realized they basically could not afford to take their RV on the road anymore. They ended up parked year-round at a national park, doing "docent" work in exchange for a free hook-up.
Most people aren't constantly driving. They will stay at a park for a few weeks before moving on
"doh-cent" work
Selling your home to go full time RV is not usually the smartest financial move. If you own a home and want to go full time RVing for a while it is usually much smarter to rent out your home. In most places the home is likely to hold value or appreciate. The RV/truck on the other hand is a consumable good which wears out and devalues over time. Cashing out an appreciating asset to purchase a depreciating asset is not usually the best move.
I feel for you on the he budget!!! My first year retired in my parked RV. Whew! Budget went out the window 2023. Additional setup required, mice ruined furnace, sewer, added sewer pipe run... High enegy bills. Dug into my retirement savings to pay off ea month. I live on my own land, in a forest, meadow, with tons of free wildlife. Totally worth it all!😂 Enjoy your adventure! Thanks for all you share.
We just got mice in our furnace in the last month. We heard it at night and would see little piece of stuff blown right outside the vents. We tried glue traps, snap traps, spinny trap things, none worked. Then, even though we didn't want to, we got poison & haven't heard them since a few days after we put poison in a few different locations. Under the sinks, in the basement, along a couple of other spots. We're currently in Quartzsite, AZ so they probably went looking for water and died out there in the desert. I've heard mouse/rat poison works by dehydrating them. No idea if it's true or not but the mice are gone & we've not smelled them. If you don't have animals, maybe try those sonar things. It worked in our sticks in bricks before full timing, but when we got a dog, he can't take it, unfortunately.
@@theRovingVets Thanks for the great info! Had a mobile RV tech replace motor as mice had gotten stuck in blades! 😳 Happened twice before winter '23 so he wrapped, taped metal screen over the furnace box. Still heard mice behind cabinets so decided to get Tomcat bate traps last week. Put in compartments etc too. Nice, quiet. No chewing! I live in Appalachian Ohio foothills so we got critters. Hate to use poison but Tomcat boxes are pet proof, tiny opening for bate. Enjoy your journey!
Having your own space and land is so nice! Especially if you have full hookups!
Best part about it - you get to live your life and you also get to write it all off for your youtube channel!
I retired, pre-Covid, from Butte Co. (Chico) in N. CA in 2018. I bought a brand new $50k travel trailer and fled Hellifornia. My first year to register it in my new state with FOREVER registration with personalized and specialized plates was $325. That’s FOREVER , meaning I never pay registration again. I got a registration bill from the Hellifornia DMV in 2019 for $1,245… I sent them the new state’s title indicating they get nothing from me. Born, raised, college at Chico State, career there and Hellifornia will never get another penny from me…
Glad you made it out alive. I have friends who have told me that Cali has tried to collect taxes from them for years after they moved away.
@@ryanteter Thanx :^) I had a glitch with my atv and wound up having to pay its reg or they would’ve held up my tax refund…. Between the sheer number of ‘homeless’ and the rampant crime along with the politics and exorbitant cost of everything and much more, it was time to gtfo lol
I moved from Chico 4.5 yrs ago n moved to Virginia to be close to my grandprincesses
What state did you get your "forever" registration? Was that $325 for your truck and trailer? Our state taxes the hell out of us for everything, to the piont we are looking at moving.
@@MrToby33333 It was $325 for each. Forever reg for vehicles 10 years and older, but can do on brand new RV's. That includes the specialized (pick your plate from a huge variety) and personalized (pick your word) plates. Forever applies to new motorcycles/atvs as well and they were quite a bit cheaper. CA wanted rougly $1,800 for my truck and travel trailer for ONE YEAR. For $650 I never have to pay a dime ever again. Not to mention my auto insurance was cut by well over 1/3. Montana :^)
Karl with the smedium t-shirt and gun show FTW. Hero
Hey guys, thanks for all the great information. I'm a newbie wannabe camper and the idea of year round travel fascinates me...until I watched your video. Your "real facts and costs' analysis thoroughly convinced me to take the train.
Don't worry about the cost, y'all are livin the dream, enjoy it while you're young !!!!
Lol.
Love the Video! But we have definitely got you beat with our expenses this year!
As retired Navy guy, I like to capture the big details from our recent travels. This is somewhat of an “after action report”, and includes a summary then a breakdown of all of our RV Expenses in 2023.
We started 2023, in Orlando, Florida spending holidays with our family. We then hit the Tampa RV Supershow, 24 Hours of Daytona, Key West, and then spent 2 weeks working for Y2V in a Florida State Park. We left Florida in March, to attend the FMCA Rally in Georgia, followed by 2 weeks of work on the Old Lady (name of our 2008 Tiffin Allegro Bus 42QRP) in Red Bay Alabama. From there, we went south to Gulfport MS and got caught up with Peggy’s family. Then we headed North to Tennessee to hit the AIM rally and catch up with our friends.
We spent most of May in Tennessee, and then traveled north to Kentucky and the Bourbon Trail. We stopped in East Peoria, IL in June to visit our family. Afterwards, we headed to Iowa for a Tiffin Rally, and then spent 2 weeks in the Wisconsin Dells. We then traveled onto Minnesota and spent the 4th of July at a COE Campground. We then continued West to Medora, North Dakota. Next, we moved to South Dakota and stayed at Sturgis, boondocked in the Badlands, and stayed in Rapid City visiting all of the local sites (Mt Rushmore, Wind Cave, Custer State Park, Crazy Horse, etc). We then spent a night at Devil’s Tower and visited Little Big Horn National Park. We spent a few days in Cody, WY prior to heading to Yellowstone National Park.
We boondocked outside of Yellowstone and spent several days enjoying the majestic sites in the Park. We then headed just a few miles South to Grand Tetons NP, where we enjoyed a quiet week and some great hikes. We then headed to Gillette WY for the FMCA Rally, where we joined the Elks. We then spent about 5 weeks in three different Colorado State Parks. After Colorado, we headed to the Albuquerque Balloon Fiesta for 10 days. This was the highlight of the year. We got to be a member of a Balloon Chase Crew, and both Peggy and I were able to get some “air time” in the Balloon.
After the Balloon Fiesta, we started our slow return to Florida, stopping in Amarillo and Oklahoma City on the way. We also spent a week at a nice COE Park near Little Rock, AK prior to heading back to Red Bay for some more work on the Old Lady. After Red Bay, we returned to NAS Pensacola for a couple of weeks prior to heading back to Orlando. After Thanksgiving, we traveled down to the Florida Keys and spent one week on the beach at Curry Hammock and 2 weeks at NAS Key West.
We returned to Orlando, to celebrate the most important event of the year, the birth of our first granddaughter on December 23. We spent Christmas and New Year’s with family, friends and Baby Demi.
STATS FOR THE YEAR:
Miles Traveled in RV: 10,612 - Diesel Consumed 1,682 Gallons; net cost for diesel $6,420 or $0.605/mile
19 States Visited:
FL, GA, AL, MS, TN, KY, IN, IL, IA, WI, MN, ND, SD, WY, CO, NM, TX, OK, AK
Camping:
We stayed at 66 different Campgrounds (includes Boondocking, Elks & HH) over 365 days. During the year, we spent 47 nights without any utilities. Of the 365 days of camping, we spent:
53 Nights in TT/Encore Parks (Campground Membership)
28 Nights in Coast to Coast (Campground Membership)
96 Nights in State/City/National Parks/COE Campgrounds
27 Nights Boondocking
65 Nights in Military Campgrounds
42 Nights at Rally Sites
35 Nights in Commercial Campgrounds
12 Nights in Elk Lodges
7 Nights in Harvest Host (Boondocking)
$10,713 on Campgrounds, and $2,875 on 6 Rallies.
Club Membership $2,431 - including TT $945, C2C (4 yr renewal) $480, AIM Lifetime $400, Others - Coachnet, HH, Boondockers Welcome, Elks, Moose, Nomads, Escapee’s, FMCA
Insurance $1,906 - Full-timer’s Policy from Progressive
Items for the RV (assorted stuff) $2,281 - includes an expensive dashcam and a new Ninja Woodfire grill
RV Mailing Service $ 418 - St Brendans Isle
RV Internet - $ 1,770 - MiFi with unlimited T-Mobile from Calyx $500 + Rest is Starlink
Ok, now the really expensive stuff:
Damage/Paint Work - $2,595 - most of this was paint work repairs due to age, not from collisions.
Maintenance - $3,914 - Routine Maintenance on Diesel Engine, Generator. Blue Ox and Aqua Hot, roof inspections, plus replacement slide toppers and a detail
6 New Tires - $4,021 - replaced 6 rear tires at 6.3 years old.
Shop Repairs $9,406 - Repairs to Coach Air System, slide out floor replacement, Dash AC repairs, slide motor replacement, replaced solar wiring, replaced powered cord reel, repair toilet, repair engine heat shield, inspect AC’s & fix, repair broken tiles, plus others
RV Upgrades $6,080 - Replacement carpeting, wifi thermostat, new dinette table, upgraded interior lighting in multiple locations, installed tile backsplash, TV Cabinet modifications, new desk and ottomans.
Solar/Lithium Upgrades $8,518 - Added 400Ah of Lithium to previously installed Lithium. Added another set of 4-0 wires to inverter. Replace solar controller and all six solar panels.
The number below represents our RV expenses for the year, they DO NOT include food, entertainment, meals out, medical, cell phones, personal expenses or clothing.
TOTAL RV EXPENSES FOR YEAR: $61,258
Amazing, this is about what we spend with a Prevost 45'
@@imike0367 Lol. We have good taste too! It's not cheap to maintain these large DP's, regardless of the quality level.
Hi
I am Max Christensen. I am 74 yrs old. I have been RVing part time for a number of years. I have had several travel trailers, from 16 ft to 29.6 ft., as well as having a home-made pickup camper and tents. We had a 29 ft Aspen Trail for 10 years and pulled it with a 2004 F150 with a 4.6 l engine. We have been to all 50 states. In 2022, I bought a new 2021 F150 with a 3.5 eco-boost engine. We currently use it to pull a 29.6 ft Springdale travel trailer. I took the old, 2012, Aspen Trail travel trailer to all states, except Hawaii. That pickup had been 60 miles north of the arctic circle, in Alaska. It had 242k miles on it. The trailer had 69300 miles on it when we traded it off for our new trailer. It has been nice watching your videos as we have been to most of the places ;you are describing. Last year, for our trip to eastern Canada, New Brunswick, Nova Scotia, and Prince Edward Island, we purchased an "RV Toll Pass". This worked out really well for all states and Canada. I am a retired Construction Project manager. I retired in 2016. Before that, I would travel with my wife around the country as she taught search and rescue dog handling to groups. I would go whenever I could get the time off. We would try to take a week both before and after the class she would teach and sight see as we traveled.
Keep up the fun travels.
Definitely nice to see a true breakdown of a budget living/traveling in an RV. Thanks for sharing- well done 👍 😊
23 was an extremely expensive year for RVing in general! Full time had to be so much harder to budget for! Thanks for the info!
So true!
Didn't watch your "frugal cost" video yet but the reason costs are so high I do know, so does everybody else. Thanks for sharing this with us.
I have a C-Class Jayco 31 on a Ford 450 Super Duty chassis and a Triton 10 engine. It is a beautiful deluxe camper. At gas stations, often people will admire it and ask, “what kind or gas mileage ‘ya get with that?”. Usually, I just look puzzled and reply, “I don’t really know, I just get gas when I need it”. Point: I didn’t buy this rig for fuel efficiency. Just between us: I get between 9.5-10.5. It’s a 2019 w/ 53K miles. I use it and I LOVE IT!!
Thanks for the update, the depreciation on the RV and truck would make you cry. But take in all the sights and experiences versus hotels, rental cars and expensive meals not to mention flights.
Again you guys are the gold when it comes to information about Rv life full time
The depreciation per year on truck and rig need to be figured in to. Replacement will come faster. 👍
Holy guacamole!!! More boon docking guys for sure, but hey - stuff adds up faster than you think. Keeping track of expenditures is a good idea, and your honesty is very helpful to others.
You got that right!
Wow! Thanks for the breakdown. it was very helpful. Gives us a better idea of how much it would cost us to RV through Alaska. Thanks Hanks! For all the work and sharing it with your viewers!
Thanks from the Hanks, for watching!
In California, if you rent someplace for a month you trigger the rent/tenant laws. Among other things it can make it extremely difficult to evict you, you are now a TENANT.
If you only stay for 29 days, you are not covered by those laws.
RV parks would be wiser to offer a four-week, 28 day rental, and stay away from "monthly" for that short term.
California only allows 14 days without a long term rental. Thank Newsom and Covid.
That would be a good idea but wonder if the states looks at it as a loop hole
The other problem (if I remember correctly) is California residency laws. At 30 days or more at one location the state can claim that you established residency which could then trigger tax implications and even DMV requirements.
yikes at the food bill!!! I know families that don't even earn that in a year. You guys are truly blessed to live this life style
Barely spent 3/4’s of that in my own home and that includes a seasonal site at a campground this video convinced me to stay put and not travel 😂
Yes, I definitely was an eye-opener for us as well! Thank you for your support and for watching our videos. It means a so much! - Kyle and Renee
I could live in an ultra-elegant 2,200 sq ft Lake Shore Drive condo with views of Lake Michigan in Chicago for less than what the RV lifestyle costs these two.
@@chicagonorthcoast prove it
@@teamtaggedout Easy to prove. A high-quality Class A RV, like a Newmar or a Prevost Marathon, costs at least $500,000 for one used. If it's 40' long and 8' wide it will, with additional space from slide outs, give you 400 sq ft space at the most. If you use it as designed, which is to travel, a Prevost will get 4 mph and a Newmar maybe 6 mpg if that. That's about $2,000 a month in fuel costs if you get any real use of it at all. Then, you cannot live in it full-time, at least not in cold climates, unless you want enormous additional utility bills. Then there are the repairs and routine maintenance. Between fuel, maintenance, and expected repairs, you will easily spend $3,000 a month you run this rig, and then there are the costs of decent, safe, campgrounds, figure $50- $200 a night and you must reserve months in advance. By contrast, you can buy an elegant, architecturally significant condo with 2 huge beds and 2 baths at 3800 N Lake Shore in Chicago, a drop-dead gorgeous building with elevators, garage parking, and spectacular views of Lake Michigan for $530,000-$550,000. The HOA is $2,200 a month and it includes your heat (big item in Chicago), water, trash collection, building maintenance including 2 on-site custodians. It includes professional management. The unit on sale now has Space Pak AC, gigantic rooms, ample storage space, 2 beds and 2 baths, and is in good condition though you will want to decorate. Taxes are about $9000 a year. Buses downtown at the door, in a safe neighborhood with restaurants, coffee houses, live theaters, libraries, medical facilities, schools, multiple grocery stores, and you can flag a taxi. You get two parking spaces in the covered garage. Secure building with elegant, wainscoted lobby, passenger and freight elevators, of course. In all, about the same costs as life squeezed into a Class A RV, and the smaller RVs are worse.
@@justincasesomethinggoeswrong Budgets are different for different people. If you can afford it, why not!
Whoa! We only move twice a year and work camp to live for free…including propane and laundry. It definitely makes a huge difference. Thanks again for a wonderful video. ❤️Pitts from Pittsburgh.
Well, y'all just murdered my dreams & ambitions of living in my Van & travelling for a few years to enjoy my retirement. Guess I'll sit in front of the TV & sleep away my days & retirement years. 😢 Happy travels to everyone who can afford it.
They have a house on wheels, just get a small one. Plus keep in mind is two people. All they spend divided by 2
Can’t change your future crying on TH-cam
Good news is,
if you are healthy, that every day you have a choice.
Either spend the day indoors, zombied out in front of a screen or, you can treat every day like a new adventure. Do something that benefits mind and body, and isn't draining the wallet.
There are ways to cut those costs considerably and still have fun. Boondocking, stay longer in one spot (cuts fuel costs), etc. If you really want to, you can do it
drive less and stay a while, go to a nearby spot instead of Alaska and back. Use BLM land and stay free, or NF land for a $30 annual pass. Don't go to restaurants as a general rule. When I went out camping for a week I spent $15 on food. Convert a van instead of an expensive RV. They are just making expensive choices like a lot of people do.
Considering the cost of stationary housing today, your cost for the year does not sound outrageous. *Cost-of-living* - anyplace, or in any comfortable form; is alarming during these current times.
Very true!
You guys are a wealth of information, entertaining and practical to boot. Thanks for sharing your experiences & mistakes.
Hi! I'm not a full time RV'er. However, I do go on extended trips of 4 to 6 months at a time (ain't retirement great!). You asked about numbers. Here are a few of mine:
Trailer insurance (Farm Bureau): (2024 East To West Alta 2350KRK), $118 x 2 = $236, Pickup Insurance (2021 Chev Silverado gas): $603 x 2 = $1208, Trailer Registration: $53, Truck Registration: $34, for a TOTAL OF $1531. There is a one time Sales Tax $2954. This is for Meigs County, TN. Other counties in the state have different rates, wheel taxes, etc. I'm going to try Starlink this next trip, but I don't have it yet, so the costs are still pending.
I enjoy your videos and like every one I watch. Maybe our paths will cross some day. Look for me mainly in the Pacific Northwest. 😀
We appreciate the clear picture of your 2023 year. FYI - we are trying to stay at Echo Basin in CO on your say so this spring.... Pressure is on. Take care.
You'll love it there!
Great video! Considering all you did, that wasn’t as high as I expected it to be. Appreciate your transparency and humility as you share the details of your journey with all of us.
My mortgage payments (plus tax and insurance) are 22000 per year, this is for ownership of a 3500 SF, purchased in 2015 (when interest rates were low). Crazy to think just to park your RV, you pay $16K per year.
You may want to add the monthly cost for the purchase of the truck and RV these aren't normal costs for 99% of people. What did you pay for the truck, RV and hitch? To buy what you have you are looking at about $150,000.
I appreciate your diligence in keeping your records and sharing them with us. I think that most people starting out on the road have no idea how much it will cost them. We don’t live on the road but we pulled a loaded cargo trailer 2000 miles for a friend who was moving. We couldn’t believe the extra fuel we used and the amount of DEF the truck went through. Twice as much as the trip home without the trailer.
A couple of additional categories: Actual camper and/or truck payments if not already paid off in full. Keep in mind that even if these are paid in full, you should be setting the same as a payment aside towards an eventual replacement. Then, there are a host of things related to a transient lifestyle - handling postal processing, higher health insurance premiums, annual app fees, all the related video creation costs, etc.
This is great information Harry! Well received on our end, because we can completely agree with you. It's great to stay ahead of the game with finances, and take into account those other expenses 😃 Thank you for your time in watching our videos, we appreciate you - Kyle
@@HappilyEverHanks - Hi Kyle! Thanks for your reply… and I just uncovered a paper I was looking for to prep for filing taxes. We live in Indiana, and have a 2021 Grand Design Reflection 315RLTS and a 2022 Ford F250 (gas 6.2L). We paid $563 on plates for the GD and $432 for plates on the truck in 2023. So almost $1000! (We also have another commuter car and a utility trailer.) Anyway wanted to give you feedback on comparison to your South Dakota plates. We are still sticks and bricks for a few more years but spend about 30 nights a year in the RV which we have named “Grace”. The two shelties love to go live in the “bye-bye house”! We love to watch both of you. (And Dexter!) We live in the county where your rig was built! LOL
I’m a full time car lifer and just started my TH-cam channel. So fun to see fellow car/van/rv lifers :)
Hi Brittany! That is so awesome to hear 😃 Best of luck to you on your adventure, and documenting through TH-cam! Thank you for your support - Kyle
This is actually really great info! Hearing about this stuff on the really high-end of things makes me feel a lot better, and I'm relieved to say my projected budget sits comfortably even with a huge number like that. My wife and I are in the planning stages of RV life right now, and still have a long way to go. So much research to do! 😄
Doing a ton of research is the perfect place to start!
Me too. I'm looking at a 20ft single person camper, a used truck, relaxed travel plans and as much boondocking as I can manage. So my 35-40K a year's looking AOK right now.
Great video but you left out some of the biggest costs - the prorated cost per year of purchasing the truck and RV (or monthly loan cost) and the depreciation of each every year. You really need to include these to come up the true cost for the year. This isn’t necessary for a house since that value usually increases or usually at least stays the same over time instead of depreciates.
We’ve been full time 13 years and so glad we have a washer and drier. The inconvenience of laundromats should be addressed as a fee.
Do you realize there's a few million people that living houses they use laundry mats? Did that skip your thinking
I'm so glad you did the Alaska trip since my husband and I want to take a trip up there once we retire and hit the road. I loved seeing the scenery and want to see it with my own eyes even more now.
You guys nail the editing. Very well made videos.
Over the years we had downsized to a 23-foot class B after driving a large class C for decades. Now we don't have the kids or any pets, so a smaller rig works out well for us. Getting 17 MPG is nice now. Going out to eat was our biggest expense. We also try to avoid expensive RV parks as much as possible.
Basically your monthly expenses were ~$4500/mo. Which didn’t include any entertainment/clothing/vet/miscellaneous expenses. Which isn’t too bad for being able to travel anytime and any place. RV full timing or living in a brick/mortar isn’t that far apart when you break down the expenses. I still can’t get over how expensive your RV insurance was, cost almost the same as a homeowner insurance. Thanks for sharing.
Great point! Yes, it is a little bit more easily digestible when you break it down on a monthly basis like you've done. Thank you so much for your support and sharing this with us! We appreciate your time in watching - Kyle and Renee 🙂
Thanks for another amazing video. Just love that y'all are down to earth and really put it all out there. We won't ever be full time, but it's easy to see that the cost can drastically rise if you're only staying a few nights here and there. We did a 30 day trip, to Colorado, Rocky Mountain National Park, Grand Tetons, Yellowstone, Mount Rushmore, Branson, Mo and then home and our costs totaled over $6,000. Now that included some excursions. Even though it wasn't cheap, I would do it again in a heartbeat for all the wonderful things we did and saw.
Thank you very much for saying this, it makes our day reading it! That is so awesome to hear that you guys were able to squeeze in a 30 day trip to all those amazing places. It sounds like a really great avenue to go and we foresee ourselves one day having a home base possibly. Thank you for your support and for taking the time to watch our videos 😊 - Kyle and Renee
I think a big part of that total was the trip to Alaska, like around $20,000 or so as I recall. The good thing is that my hospitalization is about $800 a year due to medicare but the rest seems about right. Keep the good stuff coming guys.
Wow! Incredible amounts of money! BUT the wonderful and not so wonderful memories you made allowed for great content! Well done Hanks!
Great video guy's, very informative and well put together. Nice job.
Much appreciated!
From my experience transporting Propane from refineries to distribution companies, the price change on propane happens on Tuesdays. Weekend sales get reported on Mondays.Supply and demand. So, as it gets colder, fill your tanks prior to Tuesday and as it gets warmer, fill after Tuesday.
Once again, great job on the vid and breakdown
Love the break down! It definitely isn't cheap but so worth it!
Honest look back at the years cost. Thanks Hanks! Whether taking off for vacation, semi full time or outright over the road living it's prudent to do a amortization of costs. Look at your costs for house or rv, they'll be similar. Mortgage, food, utilities and compare with campgrounds, food and fuel. If for example your amortized costs for home living is $4100. per month. You should be able to manage rv'ing for a similar cost on the road of $41K annually. Exceptions will be bucket list high expense items and other out of the norm items. Can't wait for the Hanks Tennessee "huddle"!
Your monthly food budget for 2 is comparable to ours w 6 kids. We spend $200 - 300/wk on groceries. Eat out at restaurants as a family 1-2x/yr.
They need top shelf for everything. I live full time in my RV. 1000 a month. At the most.
Don't starve your kids.
You live under a bridge next to the river for that 1,000/month?
@@Lex-Rex My house payment is only $400/mo for a 6bd/4ba that I bought in 2020. Compared to other states in the US, that's dirt cheap.
Since he's in an RV and not a cardboard box, he might be happy parking it "under a bridge next to a river". Think about it. He has the river in his backyard to fish every day or get out his kayak and doodle along.
The plan w my RV is to swap it for a boat: an RV on the water.
Excellent data and presentation. You two are fun to listen to. Thanks.
You didn’t cover medical expenses.
Upgrading your truck and trailer. You know like the battery bank and generator.
Clothing is another consideration.
Anyhow like you said it’s not cheap. You do a great job of watching where the money goes.
I am tickled lol!!! The food y’all! I hope yall enjoyed every single day of 2023. It was a huge price hike for everyone I think. Thank you for the videos!
That is why I hit the like button as soon as the video starts and watch all the ads. That is how you make money from you tube to keep your channel going. Love you guys !!! Nana, you look great in blue, Carl (my name also ) you look . Lest move on, LOL !! Even though we do not have an RV, watch your channel every week just to get ideas where to go. My bride ( of 35 yrs. ) took a nomadic trip 2 yrs. ago around the east coast. Had a plan to go from north GA, up thru TENN, Kentucky, Ohio to Niagra Falls. Over to NH and back down home to GA. Missed 2 states on the trip, Maine and RI. Missed Maine because and Arcadia , the prime leaf changing season. No hotels for a 250 mile radius. Got luck and found some where to stay at a 1970's dew drop inn that had been remodeled. Was one of our best stop of the trip. Point being, half of our stops were not planned. We just took us where the wind blew us. Case in point. We were drive down the road and my bride says, Mark Twains house is coming up. I rolled my eyes, said OK. We spent the night and went there the next day. I ate my words again, was one of our best stops on the trip. Most of our best stops were not planned, just hit on a whim. The Air & Space Museum we found out about from the Wright Brothers Museum hosts. We ended up spending an entire day there, unplanned. We are retired so we had that option. The thing that mad me sad was seeing the other family's come thru, look at a plane for 5 seconds and move on because they had a schedule to keep. Did not read anything and learn about the history. My bride and I read most of everything, took us the entire day to go thru and we got there when they opened. Left at almost closing time. Yes, we spent a bit of money staying at hotels. We got up every morning with a soft plan in place where we were going for the day, headed that way but if something came up. BAM, change of plans. Got done with the day, started heading towards the next spot and my bride would find us a place to on the road to our next stop. BEST THING WE HAVE EVER DONE !!!!!!!!!!!!!!!!!!
Yes we spent 10K on this trip, traveled 4008 miles. Would not trade it for all the tea in China. The Hanks are part of why we new where to go and we thank them. Also, they taught me to go with the flow, expect the unexpected. We did and stopped on a whim. What a blessing that was.
If you ever come down I - 75 north of ATL. There is a new RV park being built in Cartersville, GA on the Etowah River off of Red Top Mountain Rd. exit. Which is around exit 288. Not completed yet, but maybe by end of summer '24. Looks like about 75 spots. Some along the river. SAFE TRAVELS !!!!!!!!!!!!
Awesome video and a good comparative / analysis for anyone wanting to do what you guys do. Thumbs up.
It must be nice to be that young and have that kind of money. It's definitely something to be envious of, seeing and taking in all the beauty that this continent has to offer. Realistically though, I don't think most people will ever be able to relate to and/or enjoy such luxuries. I think for many right now, just making $53,000 would be a blessing.
With Vanlife and 21K a year I've traveled in/lived in /worked in Alaska and Montana (originally from Tennessee) It is doable but there are a myriad amount of ways to lose money when RVing full time.
Where do people get this kind of money?
Sounds about right , we saved a lot of money by boondocking and in most cases it’s was the best experience, no generators or people . The expenses you didn’t mention are the cost of the trailer and the truck , if you’re not paying cash for them and have to make payments you also need to include that as well . As you know you can get into those combined for $150,000 to $200,000 easily. There’s no doubt that RVing is fun but as you have shown it’s not cheap. Thanks for sharing
Thanks guy's for all of the great information you share. I know a 20 minute video takes a lot of hours to put together. Grandpa Jack
Thank you so much 😊 You are always so supportive! Stay safe - Kyle and Renee
I came here just to drop in on this one video, but your attention to detail and thorough bookkeeping earned you a new sub!
First of all, Renee, that is THE PERFECT COLOR for you!!!!! You looked especially pretty in this video. My husband and I enjoy watching your weekly videos. Thanks for all the fun info!
Thank you so much 😊
Thank you this. My old lady and I was thinking about this since retiring. Maybe thinking a bit differently now.
Part of this is because you are trying to live in an RV like you would in a large home. Try a used van, cook your own food, and only camp where it is free then you can live cheaply. You also must be debt-free with no payments. If you are going to spend this much money you may as well stay in a house that doesn't depreciate like your RV will. Good luck.
They strike me as very well off in some form or another because first of all it takes a good deal of income to even have these expenses and secondly it would be extremely foolish to do without having assets in place
@@fkcoolers2669 Maybe, but debt is at an all-time high and many are living off credit, but if anything goes wrong they lose it all. I have a friend who had $180K in cash a year ago, but after buying a new truck to pull his new 5th wheel he is now broke and his job has now cut him from a 6-day to a 4-day week due to sales dropping 60%. He's not sure how long he can hang on. But he looks rich.
Living in a used van down by the river like a hobo, no thanks. My town has a ton of these derelict van dwellers, scummy living.
Your idea sounds like boring TH-cam videos….😂
@@Broncort1 Enjoying the outdoors without having debt is much better than having the stress of a big RV. Being able to hunt, fish, and camp in the wilderness almost anywhere and anytime is never boring. Maybe you're just the in-door type playing video games all day.
Thanks for all the deets! 😁 We just spent $513 for our annual RV insurance policy through Progressive. We have a 33' Grand Design Reflection, and it's full-coverage ($500k liability) but without roadside assistance. Needless to say, we find that to be a very good deal.
Drove a gas powered V8 RV across the US, got about 5 MPG, cost 200-300 a day in gas.
NYC to LA is 2800 miles. That should be 560 gallons if you didn't take any detours. Let's say 1000 gallons with detours. So about $4000 in fuel costs.
@@safeandeffectivelol Fully loaded 32ft RV 350ci V8 engine with 9 Adults and a double axel U-haul trailer fully loaded with band equipment. Criss-crossed across the nation. Yes. Absolute $300 day in gas. Now go on and mind your business.
@@jamesbillington9280 Yeah post about your travels on the comments section and tell people to mind their own business 🤣🤣 🤣
go have a cookie
Thanks! You guys are very informative! I have thought about going full time when I retire and your diligence and honesty help out with the pros and cons!
First video I've ever seen of you guys and I have to say, well done! Very good video. You guys seem like good people.
Thank you very much for your time in watching! We appreciate your support
Always interesting to compare our budget to others. Oh our Ram 5500, New Horizons 5th wheel and CRV insurance for 2023 was $2700 total. I'm about to share totals for all 11 years we have been fulltime. It's interesting to see the increases.
Thanks for sharing! Not bad!
GAH! They spent more parking in RV parks than I spend on my HOA (which includes an indoor pool and most utilities), house taxes, house insurance, electricity, phone & internet together.
but you get one view every day.......that same view. We get many and change it as we go.
After just purchasing 2024 zr2 before Christmas After much much videos I got rid of it yesterday and got a 3500 turbo diesel...even before purchasing a 5th wheel I realized the zr2 was holding us back..my wife knew I wasn't happy...love her..and your videos signed I GOT THE RIGHT TRUCK NOW😊
Tks for the info on what you spent in 2023. Now for the big question. Where did all that money come from ?
I guess you tube pays good .
Thanks for the great info and transparency! One thing to note that wasn't mentioned is they're debt free...no truck or RV payments
Great video guys. Funny I just did our 2023 costs today as well. Sucks doesn’t it.
It hurts to look LOL
It's nice getting an honest run down of costs.
I roughly plan for $1k per week of RVing. It's relative. Some would say that's a lot, others might say that's inexpensive compared to other road trip methods.
My number doesn't include maintenance, insurance, depreciation, wear and tear. A chunk of that are fixed costs supporting this thing I like to do called RVing.
Scary but great info! Thanks Hanks!
It's not scary when you compare it to what it costs to live in a fixed home.
Thanks for those numbers. It seems like a lot but probably not much different if you live at home plus you’re seen the country. Love you guys
Well what do you expect if your idea of RV living is traveling in a huge mobile home? My wife and I spent 2 full years living in our small RV and we traveled 60,000 miles. Costs were really, really cheap. We did not need to stay in RV parks. A couple of solar panels made up for a lack of hook ups so we stayed in boondock areas, National Parks, National Forests, BLM land, etc, etc. When on the road, we stayed at rest stops, Walmart, Cracker Barrel, etc for no cost. Costs for camp sites averaged under $10/day. We did not tow tens of thousands of pounds so fuel costs were much lower. Food was simpler and less expensive than when we lived in a house. Propane costs were hardly worth mentioning. Even when we needed heat, the living area was small and cheap to heat. We established residency in South Dakota so we had no income taxes, low insurance costs both medical and for the RV. We never paid for internet and used our unlimited cellphone plans to provide computer hot spot internet access. We traveled the country, had a great time and spent less than living in a small apartment.
Interesting. How small exactly of am RV did you have?
@@Chris-hw2nx Northstar 9.5' truck camper. The only seating is a 4 person dinette but otherwise it has all the basic comforts: queen size bed, kitchen with 3 burner stove, microwave (rarely used), refrigerator, wet bath, solar/generator, oversized AGM batteries and way more storage than we needed even as 4 season full timers. What is missing is open floor space, washer/dryer, oven, fireplace, big screen TV. Choices are a matter of lifestyle. We spent almost everyday outside with only a couple of hours a day indoors in the evening.
@jameskelson1891 thank you for these details. Very interesting. Any truck advice to go with that camper?
That's not bad at all. Especially, when you consider renting sticks & bricks alone, in many markets, will run you north of $2000 per month. Renting anything with a view, or lakefront, or anything like where you stayed this past year, will run you $4000-$6000 in the Boston market. I'm guessing it's similar in many California markets, too.
Remember when camping/Rving was cheaper than living in a sticks and bricks? Reminds me of when rich people had cars and poor people had horses.
Your right about the prices. Campgrounds prices shot up in when covid hit and everyone started to do camping for their family vacations. Inflation doesn't help and that how they justify the increase. Yet I bet the prices will not come down when Inflation does drop.
Our family spend your grand total on rent alone for a year in San Diego. So that sounds like money well spent! And by changing where you stay and choosing to boondock gives you the control to lower your cost of living, unlike living in a sticks-n-brick home.
One thing you forgot, Value loss, by plowing all those miles onto the truck you lose value faster,after 10 years your 5 th wheel lost 80%or more of its value,so keep that in mind when you have to replace all of that
Kyle and Renee, you guys have come a long way since you began. This was a great presentation but you're really only talking 4400 +- per month which includes Alaska and a lot of seafood. You guys are also internet super stars who document your travels and do your Traveling Nursing so that gives you a higher budget to start with. I feel the average RV couple would spend less because most are retired and don't need to live at the same standards as when they were working. I am not full time yet so i can't throw out my numbers but i have done a few lengthy excursions. My last was 17 days up the east coast and into Canada. I used a mix of Harvest Hosts and reserved campgrounds, bought seafood, souvenirs, park passes and even ate out more than usual and i think our total including diesel was 2100 but we are both still working so our budget is bigger than if we were retired. The Fuel was the number one cost at 900. Total miles were 2263.
This is money well spent. The memories you made is worth the cost.
YES!
Wow! We retired in 2018 with the intent of touring America and visited family all year round. It was really, really expensive. And we discovered we don't like towing a 35 foot travel trailer. It's scary. We parked out travel trailer full time in a 55+ RV park in Rio Grande Valley near Brownsville and South Padre Island. We bought a second camper, A 20 foot hybrid trailer that remarkably has everything we need while we're on the road. We toured 5 months in 2019. Then came the pandemic and we stayed in Texas for two years. Now we tour 2-3 months every summer. We don't see everyone every year but we get there every couple of years.
Thank you for these great videos. We learned a lot from you all.
Thanks for watching!
They do have more disposable income than many others in the full-time rv lifestyle. We started our journey in 2011 & finished in the summer of 2022. The cost of fuel& maintenance on our motorhome were getting to the break point - so we found our final home and now just travel in our small truck & hotels. We definitely didn't have as much disposable income (started with $1600 a month !) but we planned well and as SS became available we took it early in order to increase our monthly income. We have no regrets in our time on the road, but now glad to have a permanent home within our budget.
Thank you for making this video and your transperancy! Money well spent if you ask me. Didn't hear the solar or generator mentioned, were those included in any of the catagories? #ThanksHanks
We didn't include those since those are big purchases that are not considered normal expenses
You only live once. Really not that bad. Great information. We are retired. You both are still working. Some months we are at $4,500-5,000. But we RV part time and will never sell our real home at our age. Thank you for the information. This video will require a rewatch.
Thanks! Trying to budget a plan for a family in the future puts a new spin on things!
There are a couple of other items that could be mentioned. And that would be the Mortgage monthly payment for the rig and tow truck. As well as DEPRECIATION, on both. I know everyone has to live in something, but it's got to be figured in as an expense of RVing.
#Thanks Hanks: Having traveled in the past, I can understand how expensive it can be to travel in a RV in places like California, Washington State and Alaska. All of these places can be very expensive to travel around in. While I know that it costs to buy groceries and eat out, I tend to make eating out more of a once or twice a month treat. I tend to spend more time cooking at home and save on buying too many meals out and tipping that way. If I'm camping for a week, I tend to make a pot of soup or chili and a batch of corn muffins, which normally will last me for a week. I will tend to freeze the soup or chili and corn muffins in my 12v freezer/frig and work the soup or chili with a corn muffin in. Either between breakfast and dinner or have a bowl and corn muffin for dinner. I also tend to get a fishing license and catch fish for a fish fry and serve them with some potatoes. I find that I can keep the cost of buying meat products down, this is just what works for me. For me to keep my cost of cooking with propane down, by tending to cook over an open fire more. Including, using a convection burner or 12v frying pan or 12v oven hooked to my power station or cook over an open fire to help keep my costs down, which is what works for me. I would agree boondocking will save far more money and is a lot of fun to do. I'm not sure who you are doing business with guys, but my RV insurance that I just priced out through State Farm Insurance will run me $30.00 per month for a total of $400.00 per year. If you have checked this out Hanks family, the national parks offer a national parks pass for an annual rate. I will list a link to their site for you to review: www.nps.gov/planyourvisit/passes.htm