Saving money as a full-time RVer
Many people contemplating the money they could potentially save by giving up their home and making their RV a main residence wonder if they'll really save any money making the change. While some RVs rival any traditional home, they can come with a hefty price tag. But, there are things you can do that will make a big difference in the amount of money you spend in your new home on wheels, according to Jaimie Hall Bruzenak of everything-about-rving.com.
In general, RVs cost less than houses and there are some great deals out there on really nice house-like vehicles, especially if they're used. One big consideration, according to Bruzenak, is choosing your home state for tax reasons. Many RVers choose a no-state-income-tax state like Texas, South Dakota, Nevada, Wyoming, Alaska, Washington, or Florida. Basically, this will ensure you'll only have to pay an income tax if you earn money in a different state.
Full-timers can save money on utility costs since most camping fees include them. However, you may be required to pay for electricity if you're staying for an extended period of time. You can also save money on heating and cooling costs by avoiding extremely hot or cold weather in your travels. And, plan on staying in one place longer to take advantage of weekly or monthly rate discounts and lower fuel costs.
Many RVers save money on entertainment since their lifestyle provides plenty of it. Volunteering or working in an area may also entitle you free or reduced admission to local events and attractions.
Giving up the daily grind may also mean giving up your "fancy" clothes. Downsize your closet before becoming an RVer by donating items or selling them on consignment. You won't need, or have room for, too many things in the RV, anyway!