I know everyone wants to know how we afford full time family travel with 4 kids and 2 dogs. I know I want to know when we see other families living this life, so here you go. I will be as transparent as possible in explaining how we are LEARNING to afford this lifestyle. I say learning because I don’t think we have it all figured out yet.
First and foremost we lowered our burn rate. Your burn rate is the amount of money that you spend each month.
Table of Contents
- Our Bills for Full Time Family Travel
- RV payment: $533 a month
- Car payment: $320 a month
- Insurance: $170 a month:
- My cell phone: $55 a month:
- Craig’s cell phone: $49 (he purchased a phone out right as well)
- Internet: $70 a month
- Kids stock: $50 a month
- Hulu: $12 a month
- Life Insurance: $64 a month
- Thousand Trails Membership: $50 a month
- Health Insurance: $178 a month
- This comes out to $1,561 a month for our bills.
- Living Expenses for Full Time Family Travel
- Adding both together, it comes to about $4200 a month
Our Bills for Full Time Family Travel
Here is a look at our set monthly bills:
RV payment: $533 a month
Car payment: $320 a month
Insurance: $170 a month:
(RV, car, and our stuff – since we don’t have home owners insurance, we have a policy on the items in our RV since the RV insurance does not cover that).
My cell phone: $55 a month:
Through Straight Talk – with Verizon coverage – 10g data and unlimited talk and text. I had previously purchased a phone outright.
Craig’s cell phone: $49 (he purchased a phone out right as well)
Internet: $70 a month
This is really low and one of the biggest challenges for families living on the road. The key is to keep an eye out for new unlimited plans that pop up. These have proven to not last very long, but you never know. In reality, you should expect to pay closer to $200 a month for internet. It all depends on your needs though.
Kids stock: $50 a month
We invest $50 each month and rotate which kid gets it. No, $150 a year isn’t much for each kid, but it is something.
Hulu: $12 a month
Yup, we got it. Yup, we pay for the non-commericial version. It’s great to be able to watch the Bachelor without commercials 🙂
Life Insurance: $64 a month
This is for Craig and I.
Thousand Trails Membership: $50 a month
We bought a used membership to the Thousand Trails system. This is basically a campground timeshare. The membership costed $3,000 which is fully paid for, but we have to pay $550 as a yearly fee. The membership allows us to stay for free at any Thousand Trails campground. We can stay for 2 weeks at a time, then we have to go to another Thousand Trails campground. We could camp all year for free if we always stayed at a Thousand Trails campground. We don’t do that, but this really helps offset higher costing campgrounds we stay at.
Health Insurance: $178 a month
This is through the Marketplace. We get a subsidy from the state we are residents of – Wisconsin. Yes this is low. But we don’t make much money and we have 6 people so we get a really good subsidy. We are nervous what is going to happen in the coming years . . .
This comes out to $1,561 a month for our bills.
Living Expenses for Full Time Family Travel
Next comes living expenses. Things like food, gas, paying for our campsites, and spending money. These costs really vary and is part of what we are trying to work on. That said, these numbers are not 100% accurate since they change from month to month. But this is what we aim for.
Groceries: $1000 – $1200 a month
We would like this more in the $800 range, we are working on it. Here’s some more info on what we do for groceries and meal planning.
Gas for the car: $150 a month
To be honest I have no idea how accurate this is. And it all depends on the activities that we do in that month and how far we have to drive.
Campgrounds: Free to $2,100 a month
We want to aim for $600 a month. Yes, there’s quite a difference between $0 and $2,100. We chose a couple of locations this year that were out of our budget range, but we splurged. So, yes, if we are really trying, we want it to be around $600 which we have done some months and other months, we have been way over.
Spending: $500 – $1000 a month
Again totally varies and we are trying to work at keeping it at $500 for a month. Spending money would be what we spend on doing activities, going out to eat, and any other money we just spend here or there.
RV Gas: $300 or more a month
It depends on where we are traveling.
RV Maintenance and repairs: ??
Who knows! An oil change is a couple hundred but it all depends on how far we drive how often we need one. And who knows when something is going to need to be fixed with the RV. So it is really hard to plan for. We basically figured our savings would have to cover it.
Living expenses comes out to $2500 – ? per month
Adding both together, it comes to about $4200 a month
As you can tell this does not include savings or retirement planning and also does not leave a lot of room for error. We have decided to change our lifestyle so we work less, need less, and live more on the edge. Where we have to be comfortable with the unknown.
There are other families who make a lot more money and spend a lot more money. So please don’t think this is the only way this lifestyle works. There are also other families who have learned to live on even less than us. We are striving for that still. We would love to get rid of our RV payment and car payment and may do that by downsizing.
We also both have 401K’s from previous employments. Should we still be saving for retirement? Yes. Is that a priority, not so much when we are kind of living our retirement now :)! But we do want to add in retirement planning again as soon as we can.
No, we aren’t actively adding to our savings. Would that make some people uncomfortable? Yes. Does it make us uncomfortable, not really. We are living for the moment and putting our money into that. Would we like to save? Yes. Will we in the future – I am sure we will.
So how do we make $4200 a month while living on the road?
It has been an interesting process and started with Craig taking his full time job and working it out with his boss to be able to work remote 40 hours a week. We quickly realized we didn’t like him having to work 9 to 5 so we decided to start our own business so that we could work when we wanted and as much as we wanted.
Our Virtual Business
In September 2014 I started my Virtual Assistant business Virtual Powerhouse. Since then I have been able to grow my business so that Craig was able to put his notice in at his job at UW Parkside and in July 2015 we became full time entrepreneurs. Craig has now joined the team and does website and SEO work and also some consulting for his old job at around 5 hours or so a week.
I know from our blog and social media posts it may not look like we are always out having fun – and a lot of the time we are. But there are also nights when the kids go to sleep that Craig and I stay up until 2am working. Or when internet is bad – like when we were in Yellowstone I was up until 5am because that was when the internet worked.
We have started a plan of me working all day on Mondays – trying to get in a good 12 hours if possible and then Craig doing the same thing on Tuesday. Then throughout the week we fill in time where it is needed. Our goal is for both of us to work 20 hours a week. At this point we are pretty close to that!
Through the business we are able to bring in around $4000 – $5000 a month pretty much split down the middle with me bringing in $2000 – $2500 and Craig doing the same. If we wanted more we would just have to work more – but we don’t want to!!
We also bring in a couple hundred dollars a month with our blog and are looking to increase that and also start a course to help teach others how to start their own business. If you like the idea of being able to travel full time with your family or are looking for a way to make money working from home please sign up for the course newsletter:
My goal is to write more content about this side of our life and sharing how we make it work as we complete the course. The course launch is tentatively planned for March 1st, 2017. Here is a quick overview of what will be included in the course:
You can learn more about the course and sign up for the email list here: How To Start A Virtual Business So You Can Travel Full Time
Taxes – aren’t much since we have 4 kids and don’t make that much!
Anyone who is an entrepreneur knows this lifestyle is filled with ups and downs and lots of uncertainty. I would be lying if I didn’t say it has been hard and continues to be hard. I am constantly having to push myself out of my comfort zone and have had to adjust from the role of Stay at Home Mom to the role of business owner and partly responsible for our income to live!
Our travel blog. Like I mentioned we want to be making more money with our blog, but at this point we are focusing on growing it and looking for those opportunities as they arise. In the mean time what the blog does is give us is a lot of really cool opportunities to do experiences in exchange for us posting on social media and doing blog posts and videos about them.
This has been huge in allowing us to do everything we do and still have enough money to live each month. I will not say we get these opportunities for free, because we don’t. Running a blog is a lot of work. Before starting this I never realized the amount of time and effort that goes into taking pictures, taking video, writing content, completing a blog post and posting on social media. But we also love being able to share everything we do with hopes of encouraging others to get out and travel more with their families!
There are also other activities where we get a discount, but we still have to pay. Or some we choose to pay for because we weren’t able to set up another option with the location or we just want a break from the pressure of having to document it all!
If you are interested in starting your own blog check out our post on How To Start A Blog.
Before we hit the road we had about $25,000 in our savings account. Going through all of this transition has seen that number fluctuate up and down. Ideally we would like to stay above $20,000 but have gotten down as low as $15,000.
- We lowered our burn rate and rarely go to Target or spend “extra” money. Our kids aren’t in activities, I don’t get my nails done or belong to a gym, Craig doesn’t golf regularly, we have limited clothes and shoes and we rarely go out to eat (and when we do Craig and I and the kids split meals). Each and every day we are trying to figure out how we can cut back even more.
- We work and work hard for what we are earning and are constantly pushing our comfort zone and looking for other opportunities.
- Our blog helps to allow us to do a lot of really cool activities. Which is awesome since then we can share with our followers the activities we truly think are the best and are the ones we would have paid for.
- We have to be able to live with the uncertainty of how much money we will need that month and where all of it will come from. Anyone who is an entrepreneur understands that. And we are quickly learning that is a whole different lifestyle and way of thinking!
- Our goal is to keep growing my Virtual Powerhouse business and to keep growing our blog all while maintaining the 20 hour a week work week for both of us. Ideally we would love that to be even lower!
Total expenses: Approximately $4,200 a month
Total income: Between $4,000 – $5,000 a month
Post on what we spent in a month: Full Time Family Travel Budget October 2016
Ideally we would like to be down to less then $4,000 a month for total expenses but have been feeling more and more like realistically we could live on $5000 and still go out to eat and do more of the things we want to do.
I hope this helps explain how we are able to make full time family travel work for us. AGAIN there are multiple ways that this can work for families, but this is what we have made work for us. Fulltime Families is a great resource for looking at some budget charts of other families on the road to see how they make it work.
If you are interested in learning how to start your own online business be sure to check out our course page: How To Start A Virtual Business So You Can Travel Full Time
And if you are ready to start your own blog check out our post on How To Start Your Own Blog!
If you have any questions please leave them in the comments and we will do our best to answer them.
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