People often wonder how much full-time vandwellers spend. I’ll share my cost of vanlife over the first 6 months. My average monthly spending was $2,100. This is quite high for me, and much higher than I expect going forward. Control of ones finances is a critical skill in order to live the kind of life they want. I’ll be posting more on this blog about my spending, my income, and sharing some advice on how to move both of those in the directions you want, and most importantly, how to save your money (your life energy) and win your freedom.
Cost of Vanlife: my first 6 months of spending
I’ve read that it’s common for people to increase their spending for a while after retiring – particularly those who launch right into long term travel. Well, me too. I’ve been a naughty boy. The chart below shows how much I spent each month (the red bars) compared to how much income I had (the green bars, with income shown as a running 3 month average to smooth it out), and a running total showing the surplus/deficit I have (the light red area, which goes negative).
It’s not all that bad. I bought some expensive camera gear in October. I spent more than usual on gas in August and September. I spent more than usual on health insurance in September and December. If all goes as planned, my spending will be quite low in 2017.
Here are some more details on my spending:
Some of what’s in the “Essentials” category was not actually essential – like using a lot of gas. But to keep it simple I didn’t try to separate ‘extra gas’ from ‘normal/essential gas’.
The camera spending was a huge bump. If I hadn’t bought that, my average monthly spend would’ve been about $1,100.
The fixed costs were high in September and December from paying health insurance premiums. In September I paid for the rest of 2016, and those were expensive because my income in the first half of the year prevented me from getting subsidies. In December, I paid premiums for all of 2017. I (expect to) get a lot of subsidy because of my low income. Thanks Obama.
Looking forward, I expect lower spending on hobbies, gas, and fixed costs. I’m hoping to spent $500-$1000 in many months. Maybe even below $500 a few months.