Register     Login

Featured BlueSphere Supporters


Sails & Rigging


Life Raft



Marine Electronics

Anchors

Email at sea

 

Spinnaker Sleeve


Electric Snorkel

 

Sail making & supplies

MAKE BEER! 

 


Check out the vast pontoon boat selection at Boating.com


Rescue Tape

   
 

Navigation Software 

 
 

 

Alternators
 
 
 
 


  BlueSphere Forums  
 
  Forum  Discussions  General  Financial advice needed, from sailors
Previous Previous
 
Next Next
New Post 1/1/2010 9:02 AM
  blowinganddrifting
77 posts
No Ranking


Financial advice needed, from sailors 

Now that I have my money man "on board" my plan to cruiz, (Michigan to Keys) I need some REAL advise from you people that are out there or have been out there.  I know there are a hundred possibilities, and everyone is different, but what is/was your scenerio?   I know, money is kind a personal thing but, I am looking for round numbers not really personal info.

When your forced to use a dock, how much per month?  Fuel for the 3cyl diesel?  Break downs? Taxies?  Marina fees for the cannal system etc.  The farther south we go will it get alot more expensive (silly question).  I am starting my thinking at !,000 to 12 hundred a month, barring any breakdowns.

I am dreaming I guess, but isn't that what it is all about? Finding a starting point.

Thanks,  Dean

 
New Post 1/27/2010 6:01 PM
  davech53
6 posts
No Ranking


Re: Financial advice needed, from sailors 

Dean,

From my experience, first and foremost you decide whether your doing a open or closed ended criuse. That is to say whether you on a sabatical or your chucking everything for an extented period.  Beyond that you take the money that you have and divide by the time you'll be out there.  Check your route for anchorges using internet, and or cruising guides, etc.  Here is a link that will get you started....  http://www.marinamap.com/en/.

In addition I'd get familar with excel and start putting pen to paper on the costs you'll know you have.  Fuel (gallons per month), boat insurance, health insurance, food, repairs, communications (cell, sat phone, etc), maintenance (oil changes, anodes, belts, bottom paint,), prop tax, and travel and fun where ever you are.  There could be more catagories.  Some people really like underwater photography, or scuba diving trips etc.  then there is a reserve because stuff happens.  It's all personal choices.

I think the key is to get the basics down and see if your expectations are in the ball park of the cash available.

Like Alex is looking into if you have a skill that you can work a little along the way that help boost the cruising kitty. When I was out, a person that could do  sail/bimini repair could have made a few bucks.

Hope that helps

Dave

 

 

 

 

 

 

 

 

 
New Post 1/30/2010 7:47 AM
  roylfukes
1 posts
No Ranking


Re: Financial advice needed, from sailors 

 Dean,

Like you I've been dreaming about getting out there and seeing the world.  My scenario is that I'm 40, no kids, wife, etc., (I do have a couple of dogs though), have a good paying job that I don't like very well.  I have about 150,000 in assets which includes my 401 k.  Been thinking about cashing in my chips and buying a boat to live on and cruise for a while.  I'm envious of what Alex has done with the sponsors etc., that would be nice.  I do realize that I'm going to have to make money somehow when I'm out to fund the adventure.  The bimini/sail repair idea sounds doable.

 
Previous Previous
 
Next Next
  Forum  Discussions  General  Financial advice needed, from sailors
Privacy Statement       Terms Of Use       Copyright 2009 by Alex Dorsey       Created by SummerWorks.us