Math & Magic: Figuring Out the Cost of Living on the Road
As soon as we committed to this trip, we knew we needed to come up with a budget. I've come to assume Google has the answers to all of life's questions, ranging from "Are dogs allowed to eat mini corndogs?" to "Does the 24-hour champagne diet really work?" You can find the average salary for your position, the average cost of a home in your area and even the average lifetime cost of raising a kid. So you can imagine my disappointment when I couldn't find ANYTHING on the average cost of living on the road full-time.
We ended up creating a spreadsheet of everything we needed to buy and the estimated costs. Since we've already done all the work, we decided we'd share our expenses thus far in case anyone else out there is considering this lifestyle.
For those of you (ahem, Mom & Dad) who think we jumped into this blindly, we actually did put some thought into it. We figured we couldn't possibly spend more on the road than we were spending on rent and utilities for our loft in Dallas, so we used that as a starting point and added in what we figured we would spend on gear.
Cost of living in Dallas: $2,000/month x 6 months + Estimated cost of gear: $10,000 = $22,000
So, there you have it. All we needed to make this dream come true was a mere $22,000 in savings. Since I'm writing this post from the comfort of my parents' couch in Florida, we obviously haven't hit the road yet. Once we do, I'll continue to update this post to share how our cost of living on the road compares to our cost of living in Dallas.