Money -- that topic no one likes to talk about. Someone needs to tell the truth.

Like many cruisers and sailors, I follow a number of online sailing groups. The question of how much it costs to cruise is frequently asked by those contemplating casting off the dock lines. It seems that most people think this can be done on a tight budget. And I guess it can if you don't mind living without any conveniences on a spartan boat and eating like you are in 1850 in the mountain backwoods. And not doing any land travel at those exotic destinations......which seems to us to negate the entire concept of sailing around to different countries. The old adage is that it will cost as much as you have to spend......which does seem to be true.

Bill and I do not live an extravagant lifestyle We did that back in our thirties and are SO over living in that manner. We live pretty simply on the boat. I enjoy cooking and baking, and Bill enjoys the dishes I create. But we also enjoy occasional treats at nice restaurants. Bill drinks 2 beers daily but I rarely drink alcohol We both enjoy a bottle of good wine with certain foods. We prefer a beautiful quiet anchorage over a marina most of the time; although it seems we have spent an inordinate amount of time in marinas in New Zealand, Australia, Malaysia and now the Med. We do try to make an annual trip back to the States to visit family and friends. That is a splurge for me, but Bill must make an annual trip home for medical visits to the VA hospital for check-ups. We wear the typical sailor clothing; gave up being clothes horses long ago.

That description should provide you with a good idea of our cruising lifestyle. Not extravagant but also definitely not basic. We do carry insurance on our boat since it is our home and does represent a substantial financial asset. And learning of all the boats lost in the South Pacific over the past few years has reinforced our decision to continue to carry full insurance on the boat. We do realize that if the boat is damaged then we are responsible for paying for the environmental damage that might result, especially from diesel carried in the main tank. The cost of that alone is enough to make us realize that in today's world boats definitely need to be insured.

Most people we have met out cruising only have a vague idea of how much they are spending to cruise. We haven't met anyone who truly tracks all costs.

We do.

I write down what we have spent every single time we return to the boat from an outing. This only takes a moment and quickly became a habit when we first moved aboard. After all, I did accounting for decades and was accustomed to keeping track of money. For example, Bill went for a walk one afternoon and brought back an ice cream for me. (I know; isn't he sweet!) The ice cream cost only 2.5 ringgit. I converted that to US dollars and recorded 77 cents in my 'budget' book. At the end of each month, I tally everything spent and transfer the data to an Excel workbook. I have done this since the first day we moved aboard. If you track every penny spent, it adds up to more than one might guess.

Before we started cruising, we had hoped to do this minimal lifestyle for $35,000 per year. People in the online sailing groups thought that was way too high. But I knew it actually was less than realistic and would require cutting corners as tight as possible. I figured a more realistic figure would be in the neighborhood of 50 to 60k annually. Another old adage is that once you have compiled a cruising budget; double it, and that will be about what you will actually spend.

On 1 May 2016, we celebrated our 10th anniversary of living aboard full-time. Recently I decided to compare the percentages of where our money has been spent during that time. Blogger does not allow me to upload an Excel spreadsheet, so I have taken a screenshot of the summary spreadsheet and uploaded it. Click on the image for a larger view.  Next year I likely will break this summary down into 5-year increments in order to make this small image more legible.  Year 10 was an expensive one!  We completed a haulout, re-certified life raft, reupholstered the main saloon, and a few other 'improvements.   Haulouts are not included in the percentages of annual expenditures of each category. We prefer to look at the percentages of monthly expenditures and keep haul-outs separate because we plan to do haul-out bi-annually in the future. The grand totals include our haul-outs and Special Purchases. The negative amount shown in year 4 for charts, etc., comes from the sale of used guides when we finished the Pacific. We did make a trip home in Year Three, but the cost was not separated from the Tours and Sightseeing that year. I decided it was not worth my time to dig back and separate those costs since both involve air/land travel.

Others might be able to cruise on less money, but we are pretty careful and these have been our true costs. The Entertainment category includes all restaurant and bar visits. Customs and Fees was the category that surprised us. We had no idea before we started this venture that it would cost so much for clearance fees. And we handle clearances ourselves in all countries that do not require the services of an agent. If we used agents at every country then those costs would be considerably higher. The category of Boat Supplies and Maintenance includes every last dime spent to maintain the boat. This includes filters, boat soap, wax, sponges......every little expense.....not just the replacement parts that most sailors consider maintenance costs. Those water filters and that little bottle of polish to keep the stainless steel gleaming are just as much costs of boat maintenance as replacement pumps or a new radio.

And, when you gasp at the total spent for routine maintenance..........remember..........this is for an excellent Amel Super Maramu 2000 yacht in perfect condition that was built and left the factory in January 2003. For the first few years, Bill did all the work himself except for the occasional wash and wax in lower-cost labor areas such as Malaysia.  As we are getting older we are paying others to do some maintenance more often.   Maintenance on an older boat or a different quality construction boat will likely cost more. Or if you must pay professionals for their labor instead of acting as your own mechanic, refrigeration specialist, electrician, rigger, plumber, computer consultant, etc., then it will cost more.

If you are going to be a cruiser, you must be prepared to wear a lot of hats!

NOTE ADDED 1 June 2022: 
The past 20-year Average Inflation Rate has been almost 3% per year. Since our world tour happened between 2006 and 2017, our recorded expenses should be increased accordingly. Also, you should note that when we purchased this SM, she was almost new.
Download Excel Spreadsheet: Cruising Cost Summary
If you want some help in the Selection of an Amel like we used for almost 11 years, visit Bill's Yacht School website