We only spent 127 days at a dock out of 20 months. We anchored behind a reef with nothing but ocean on the other side for thousands of miles. We visited remote Mayan villages and dispensed medicine to a people that once ruled the land in a grand civilization. We visited thousand-year-old ruins of that civilization. It has been a grand adventure. We also spent a few hard-earned dollars. Walk any dock or visit any cruisers’ hang-out or surf the Internet and stop in at any boater’s discussion board and the “How much does it cost?” question always pops up.
Our expenditures presented here are for one year only and do not include preparation, gear, provisioning purchased prior to leaving or money needed to get by once you return to reality, but before the paychecks start coming in again. It includes actual money spent from the time we left the dock until the end of the 12th month. Our cruise began
Assuming that you have fully outfitted your boat with all the gear — watermaker, life raft, wind generator, solar panels, dinghy and outboard — that you feel you must have to enjoy cruising and to be comfortable and safe, you will then have to provision the boat with foodstuffs and other non-food items. Again, I am not counting this in our expenses, but mention it because there are some items we generally stock up on prior to leaving U.S. waters because they are often difficult or cumbersome to get in remote places. We buy toilet paper and paper towels in large quantities and store them in our largest hanging locker. (The clothes that resided there are packed away for the duration, off the boat and in storage in a friend’s garage.)
We also buy as much soda and beer as we can stow on the boat because it is much cheaper in the
Regarding paying the bills: If you have a boat payment to make each month, have those payments automatically deducted from your account. We only use our debit card from that same account when traveling so we don’t have to worry about monthly credit card bills.
We also have made the decision not to carry health insurance while cruising outside the
The category for boat fuel consists of both diesel for the boat and gas for the dinghy. Boat repair consists of what we paid others, and parts and materials for repairs and replacements that we did ourselves. We have found this figure to be pretty steady throughout recent years. Remember, the wear and tear you put on your boat while under way is much more than it would be just sitting at the dock, so these repairs are inevitable even for a relatively new boat.
The amount we spent on dining out was a big shock to us, but we have included all trips to the local ice cream shop and stops for sodas and beer as well as lunches and dinners in restaurants. If it didn’t get consumed on the boat, it was considered dining out.
Dockage was a fairly large figure for us, but it seemed we spent more time in marinas for various reasons than we usually do. In some places, anchorages just aren’t available due to shoaling or the anchorages have been replaced by mooring fields. In other areas, like
So here is how it breaks down per year:
Our total expenditures for the year were $25,805.10. If your boat is paid off, you’re down to about $21,500 and the amount can be even less if you only anchor out, don’t eat out, etc. Again, we feel this amount is fairly accurate as other friends of ours whose boat is paid off figure they spend about $20,000 for a year off in the wild blue yonder. Surprisingly enough, as I look at our budget for previous years, the costs have not changed dramatically except in the areas of insurance and fuel.
Let your needs and considerations be the determining factors to help you compute your costs, but by all means go and have fun.