Can You Afford to Enjoy RV Travel in Retirement?

When many adults think about their future retirement plans, traveling across the country in an RV to explore new sights is often a top goal. As you create a retirement plan, you understandably want to include the cost of RVing in your future budget. With a closer look at the costs associated with RV travel, you can better determine if you can afford this lifestyle later in life.

The Cost of the RV
Some people will live in their RV full-time in retirement, and others will only travel periodically throughout the year. Depending on how much time you plan to spend in it, you may opt for a larger and more luxurious model or a more affordable option. Prices can range from around $12,000 for a small pop-up camper to more than $500,000 for a large RV coach with luxurious features. Remember that some travel trailers require you to purchase a powerful truck to tow the trailer. Consider if you plan to purchase these items outright or if you will take on a loan with a monthly payment. In addition, if you live in your RV full-time, you will not have to pay to maintain a home.

The Cost of Gas and Maintenance
The next financial aspect to consider is the cost of gas and maintenance. These factors will be directly impacted by how much you plan to use the vehicle and by which type of RV you choose. Gas prices can go up considerably with larger and heavier vehicles. However, if you only plan to travel a few hundred miles per month, this expense may be rather negligible. For example, some people will travel to one campsite and stay in place for two to three weeks before moving only a short distance down the road. This is a more affordable travel plan than crossing across the country multiple times per year.

The Nightly Site Fees
The site fees at various parks can range in price tremendously. Very basic parks with minimal amenities may have an affordable fee of $25 or less per night. More luxurious parks with views, proximity to hot attractions and more can cost considerably more. As a side note, be sure to make your reservations at your desired parks well ahead of time. You may need to make your travel plans a few months in advance to have better control over the cost of your site fees and to have access to the parks where you truly want to stay.

Your retirement can live up to your dreams when you plan for it properly. By creating an RV budget now, you can save enough money to live the type of lifestyle you are dreaming about later in life. If you want to learn more, visit Lovesick Lake RV Sales.