How much it costs to live full-time on a sailing boat - transparent breakdown after 1 year | EP29
July 26, 2024 by PAT | FRANKIE | Language: EN Play Time: 00:13:56 | SAILING YOUTUBERS
Living Aboard: The True Cost of Sailing Life
In this episode, Pat and Frankie dive into the realities of living on their sailboat, sharing a transparent breakdown of the costs incurred during their first year. As professionals in the marine world, they aim to provide accurate insights into various categories such as boat maintenance, running costs, insurance, fixed, and daily expenses.
Boat Purchase: The Starting Point
Their journey begins with their 2010 Crossbow 46 sailboat, which represents a significant financial commitment. The boat’s cost can range anywhere from €10,000 for a modest vessel to over €1 million for more luxurious options, demonstrating the vast difference in prices based on size, condition, and intended use.
Running Costs Unveiled
A major aspect of living on a boat is understanding the running costs. These can be as low as €60 or surge to over €6,500 per month. Key components include:
The Crosset 46’s running costs averaged €3,430 monthly, highlighting the substantial financial commitment necessary for maintaining a boat in good condition.
Ensuring Safety and Comfort
Insurance is another crucial element. Pat and Frankie include boat insurance, international healthcare, and legal protection. These expenses typically range between €0 to €750 monthly, emphasizing the importance of personalized policy selection based on location, sailing area, and personal risk tolerance.
Daily Expenditure
Finally, daily expenses such as food, coffee, drinks, detergents, excursions, and car rentals amount to €700 monthly for Pat and Frankie. The range for this category can vary significantly from €200 to €1,500, underscoring the variability in lifestyle choices that impact overall costs.
A Year of Expenses
Summing up all categories for one year reveals a total monthly expense of €4,850 for two people. While this provides insight into the financial commitment required for full-time boating life, Pat and Frankie stress the value and unique rewards it offers, making it a worthwhile endeavor regardless of whether one falls within lower or higher cost brackets.
Community Support
The pair encourages viewers to seek advice, share experiences, and immerse themselves in the supportive cruising community. Their message underscores the importance of preparation but also enjoying the journey—balancing costs with cherished moments on the water.
Hi from 𝗛𝐈, we are PAT and FRANKIE! We are living full-time on our sailing boat 𝗛𝐈 and sail around the world in search of a new home⛵
Curious about the true cost of living on a sailing boat? In this video, we provide a transparent breakdown of our expenses after spending a full year embracing boatlife. Sailing from the Azores to the coasts of Portugal to Porto Santo, Madeira, and the Canary Islands, we covered a total distance of around 3,000 nautical miles.
We split the costs in five main categories: boat purchase, running boat costs (including upgrades), insurance, fixed costs, and daily expenses. You'll get our true costs per month averaging over one year, along with guideline ranges in each category. From running costs to daily living costs, discover how much we've spent and what you can expect if you're considering this adventurous lifestyle. Join us for an honest look at the financial side of living on the water!
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HOMEPAGE | ONLINE SHOP:
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Episode chapters:
00:00 - What to expect
02:36 - Boat purchase
03:12 - Running boat costs
08:27 - Insurances
09:22 - Fix costs
10:28 - Daily Costs
11:11 - Total expenses
13:26 - Outro
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⚓ Thank you so much for dropping the anchor, supporting us and joining us on our voyage! 🤩
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How much it costs to live full-time on a sailing boat - transparent breakdown after 1 year | EP29 Locations
- Santa Cruz de La Palma (28.6839962,-17.7645438)
- Portugal Coast (38.722,-9.143)
- Madeira (30.079,-13.163)
- Canary Islands (28.016,-15.316)
PAT | FRANKIE
🌊 Hi from Hi, we are PAT | FRANKIE ☀️ We've ditched the office for the open sea, trading in spreadsheets for waves and dreams. ✔️ left the 9-to-5 ✔️ sold everything ✔️ now proud owners of S/Y Hi ✔️ kicked off our journey—2,000 nautical miles down we're not just sailing; it's a lifestyle & we're sharing the real deal. Follow our highs, lows & learnings as we navigate the globe, searching for our perfect home port. but here's the scoop: it's not just about us. Through our journey, we want to light a spark in you—encouraging you to chase your dreams. It's worth it, trust us. 💪🏼 still figuring out where to drop anchor & looking for exciting self-employment gigs along the way. your support? it means the world! 🙏🏼 get on board: ① subscribe: ride the waves with us. hit subscribe and see where this journey takes us. ② support: fancy being a part of this adventure? check out https://www.buymeacoffee.com/patandfrankie Thanks for being a part of our dream. Let's see what comes next! ⚓
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