Is it financially smart to live in an RV?

RV living can save you hundreds of dollars per month to accelerate your debt repayment and cut years off of your loans, or sock away some serious money. It’s a more complicated and difficult life than living in a house, but if you’re motivated, it can be just the right thing to get your finances under control.

How much does it cost to live the RV lifestyle?

Total Monthly RV Living Costs: Ranges from $1,400 to $3,000 per month. Obviously, that’s a big gap. But there are a lot of variables, like how much you travel, where you stay (and for how long), how much your rig costs, and how much you spend on groceries/eating out/fun.

If you live thoughtfully, you can absolutely save money while living in an RV, even while traveling. But, if you’re the kind of person who wants to stay at luxury RV parks and spend money on food and experiences, you might find it just as pricey (if not more so) than stationary life. There’s no right or wrong here.

👉 For more insights, check out this resource.

What to know before living full time in an RV?

Full-time RV living is about having fun! There will be tough times along the way, and it will get hard. Know that before you start so that when it happens you don’t want to throw in the towel. Remember that life is all about having new experiences and waking up in an RV every single day means you will always have something new to do.

Is it a good idea to buy a RV?

👉 Discover more in this in-depth guide.

Buying an RV is an adventurous long-term investment that may not be suitable for everyone. So if you’re considering buying an RV, let me help you select the right RV by preventing you from buying the wrong RV in this RV/Motorhome buying Guide.

Is it crazy to live in an RV year round?

At first it did seem like a scary thing to get rid of a “normal” home and live on the road—and many people told us we were crazy—but once we officially made the leap, we never looked back. Find out how a $100,000 mistake helped this man turn his life around. While some people pursue RV living to save money, that wasn’t a focus for us.

How much does it cost to live in an RV?

8. Our RV pays for itself in one year. What we paid for our first RV ($11,500) is less than one year of rent in Austin, Texas (and way less than a full year of rent in most other cities across the country!). Side Note: Here are the exact numbers for how much it cost us to drive to all 50 states.