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Nomad Hiker

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About Nomad Hiker

  • Birthday 07/26/1952

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    132791
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  • Gender
    Female
  • Location
    California
  • Interests
    Traveling, Hiking, Backpacking

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  1. Well, we've not even started yet, but I know from hiking, you can go on the cheap or on the top of the heap! Depends on your lifestyle. We have our budget made, but have not excercied it yet other than we have started makeing our reservations. We budgeted $1200/mo for campsites and so far we are coming it about $700/mo...whoohoo for us!
  2. Thanks, GR Scott Cundiff - I read your link with interest. I feel like a sponge absorbing all I can. We are fortunate that we are starting off with a new 5th wheel and we plan to get an extended warranty. We feel the need for these extra insurances since we are new to this and while we are handy to a point, we know where that point is! We have already been replacing personal things we have that are showing a fair amount of wear/tear so we won't have to replace them for a while. We figure it's easier while we have a bigger income than when we are living on retirement. We will sell or donate the stuff we are replacing. I have 2 budget items one for eating out and one for entertainment. We have never had an entertainment budget. While we eat out a fair amount now, we plan to curb that some. We plan to use the extra we save for some of those unexpected or 2nd wave expenses. Thanks fo your input.
  3. Hi Legendsk, Thanks for the info. I understand and agree with what you are saying. I opened my own business at one point too, but fortunately had the luxury of having a husband with a full time income - also an engineer! I'm and R.N. and I was self-employed for several years as a medical case manager, making about $75 K /year. At one point we decided I would not work so we positioned ourselves financially for me to quit. We never skipped a beat! I eventually went back to work and wanted to try my hand at real estate and it was profitable. I did that about 5 years before my husband transferred to CA, I did not pursue real estate here. Never missed the $. Now, with my husband retiring, we will be cutting our (his) salary in half. The one thing we learned a LOOOONG time ago..."the more you make, the more you spend". We really aren't high maintenance people. When I mentioned taking the items from the credit card to determine our budget, I was referencing cost of food, entertainment(which I cut in 1/2), fuel(which I increased) etc. When we sold our house, we moved from 2400 sf to 1000, without even one look back. We sold a lot of stuff and plan another downsize after the 1st of the year. We are only keeping a few of our nicer pieces of furniture for now. It doesn't take much for us to be happy...a good hiking trail and a sandwich and we are in heaven! Having said that, perhaps our projected budget is lofty! I hope that is true, but if its not, then we won't be shocked!
  4. Well, I'll put my 2 cents in (pun intended) ! Now, we have NEVER rv'd, but we are getting ready to go to full time in April 2017. We are both pretty good with budget and we like to have fun, so we kept in mind our lifestyle. We have sold our house(no house expense, but that $$ is in a CD and will not be used). We wiill be pulling a 5th wheel. I have prepared a budget based on our current living expenses and adjusted for the items unique to being on the road. I went by 2-3 other budgets I found on-line and adjusted for inflation. The total doesn't not include a truck or RV payment. We won't have a truck payment and IF we have an RV payment it will be around $100, but we may not carry a payment. Now this is not a tried and true budget so it will be interesting to see how close I am. Right now we put everything on a credit card and pay it off every month. I am able to go on our card and get a breakdown of where our money has gone and that is what I used as the basis for my numbers then I added a little "fluff" just to make sure. This number does NOT include donation to church(as I backed that out) or repairs, but there is plenty left for that. It DOES include every insurance, including life. All the necessities to live. Some fun stuff. Having said all that...we came in at $40,032. We are hoping that we will come in a bit under and can toss that extra in savings, even though we have budgeted an amount for savings. I hope my thought process is right. If anyone sees flaws, please advise.
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