We track and report every penny we spend living aboard and cruising on Tickety Boo, our Moody 346 sailboat for a couple of reasons.
1 - It helps us see where our money is going, helps us make informed choices about where to spend our money, which in turn helps us stretch our money further so that we can keep adventuring longer.
2 - We found it really useful to check out other people's cost of cruising when we were starting out, so we figure we can return favor by sharing ours.
We're currently at Indiantown Marina in Florida. Scott is working overseas so the costs are lower than if he was here. He'll be back in the next month of two and then costs are going to skyrocket as we start work on the very long list of boat projects that we have to do.
You can find links to other cost updates from ourselves (on Tickety Boo, camping across the States, and our previous boat in New Zealand) and others on this page, as well as on The Monkey's Fist.
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Cost of Cruising & Living Aboard | July & August 2018
Overall, we spent >>$2,402<< during July and August.
When you look at the nitty-gritty details of what we spent below, here are a few things to keep in mind:
1 - All costs are in US dollars.
2 - Not all expenses are included - here's what we've left out:
(a) We don't report how much we spend on alcohol. I remember reading some horrible, judgy comments in a blog post a few years back about how much someone spent on booze, so I left it out when we first started tracking our cruising costs back in New Zealand. For consistency's sake, I've continued to leave it out when tracking our cruising costs.
(b) We've also left out our costs for medical insurance. We didn't think it made sense to include insurance costs as they can vary so widely depending upon your nationality, where you cruise, what level of coverage you want and can afford, whether you get subsidies etc. In case you are curious, while we're back in the States, we do have a high deductible/high out-of-pocket expenses insurance through the health insurance marketplace (aka the Affordable Care Act), primarily to protect our assets and cover us in case of a catastrophic medical condition.
(c) I haven't included any expenses related to my writing projects (e.g., editor, book cover design, publishing expenses, author website).
(d) Scott was in Scotland during the past two months, so our expenses are a lot less than they would be if he was here.
3 - I've included any shipping and taxes we've paid in what we report - Florida has a 6% sales tax.
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GROCERIES | Total = $333
This category includes everything we put in our bodies in terms of food and drink (excluding booze) that we prepare ourselves. It doesn't include things like paper towels and ziploc bags, which I know some people would classify as groceries. Sure, you could probably eat them, but they wouldn't taste very good.
Although we don't budget (you can read more about that here), I'm happiest when we keep our monthly grocery spend per person under $200. So that means a spend of $167 for the past couple of months for just me made me very happy.
PERSONAL & HOUSEHOLD | Total = $30
This is the category where we include household things (like paper towels and ziploc bags) and personal hygiene items (like soap and shampoo). We also capture items for the "home" here - like bug spray.
ENTERTAINMENT | Total = $140
In terms of drinks and eating out, this includes everything we don't prepare ourselves, even if we get something to go and eat it back on the boat. We also track how much we spend on books, magazines, DVD rentals and going to the movies in this category, as well as the occasional lottery ticket.
COMMUNICATIONS | Total = $110
Our cell phone is actually one of our biggest non-boat related expenses. We have a monthly prepaid plan with AT&T which includes 8GB of data and unlimited calls and texts.
BOAT FUEL | Total = Nil
Tickety Boo has been sitting in her slip so we haven't needed to get any fuel.
PROPANE | Total = Nil
We have a propane/LPG cooker on our boat, which we need to replace as the stove no longer works and replacement parts aren't available. While we're at Indiantown Marina, we use an electric hotplate and a crockpot for cooking, so we haven't had to spend any money on filling our propane tanks.
MARINA COSTS | Total = $1,345
Keeping Tickety Boo in a slip is one of our biggest expenses, and the rates went up in January. The new monthly cost of a slip with electricity at Indiantown Marina for a 34' boat is $657. The guys at the marina will also come pump out our holding tank on demand - $10 for each visit.
BOAT STUFF | Total = $282
This category is for all the stuff we buy for the boat, as well as repair and maintenance costs. Our big purchase was a new-to-us Walker Bay dinghy with a sailing kit. We also renewed our Coast Guard documentation.
TRANSPORT | Total = $32
This category is for costs related to our vehicle, mostly for gas to drive into the nearby "big city" of Stuart for errands.
MEDICAL EXPENSES | Total = Nil
This category includes medical expenses outside of our monthly insurance premium (which aren't included here - see section on exclusions above), like over the counter medications, prescriptions and things for our medical kit. It also includes the costs of doctors visits and medical tests which aren't covered by our insurance. It's always nice to report nil spending in this category.
OTHER | Total = $127
In this category, we break out how much we spend on clothes and travel expenses. We also include a catch-all miscellaneous group for stuff that doesn't fit neatly anywhere else - things like laundry, Amazon Prime, presents, computer parts, postage etc.
Any money saving tips to share? What do you spend the most on each month? Are there any areas you're trying to cut back on?
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