Hi Everyone. Well, after 15 years the RV-Dreams Community Forum is coming to an end. Since it began in August 2005, we've had 58 Million page views, 124,000 posts, and we've spent about $15,000 to keep this valuable resource for RVers free and open. But since we are now off the road and have settled down for the next chapter of our lives, we are taking the Forum down effective June 30, 2021. It has been a tough decision, but it is now time.
We want to thank all of our members for their participation and input over the years, and we want to especially thank those that have acted as Moderators for us during our amazing journey living and traveling in our RV and growing the RV-Dreams Family. We will be forever proud to have been founders of this Forum and to have been supported by such a wonderful community. Thank you all!!
I was wondering where does the money come from for your " extras" and unplanned expenses...Do you have a reserve of savings that you draw from.. If so what is the recommended amount.. I know in the stick house they say 3 - 6 months is it the same with FTing... Thanks for any input ..patti
Being retired, we have a fixed income and everything we spend over and above that comes from savings, or IRA accounts. and that has been every month that we've been out for 4 years now.
Either we'll die before we run out, or we'll be eating dog food and work camping a lot.
Except for our IRAs, all of our financial assets (investments) are pretty liquid (mutual funds). If we need cash, we sell investments. It's all an emergency fund. :)
Back in the stick house, we had the three to six months of expenses in cash savings, but out on the road, we want those funds earning as much return as possible. So, we keep them invested.
My plan has us leaving in 2011 with a years worth of expenses in the bank $30K. When we get down the halfway point of $15K, we'll work for awhile to build up the kitty so to speak. We feel that for most things, $15K will be enough to cover "most" things that may come up.
That being said, if we were in DIRE need, due to a real emergency, we could draw upon the various retirement accounts that are floating around out there, of course at a very hefty price in penalties and taxes.
So simply put:
$30K draw down to $15K; Lather, Rinse, Repeat. :)
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Tony & Madonna Class of 2011 Flunkies Class of 2019
