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Five RV Expenses For Your Budget

The following information is courtesy of Michelle from the finance and lifestyle blog Making Sense of Cents

A variety of factors should be taken into consideration when planning your RV budget. Here are five common RV expenses to consider when planning your budget.

Gas

When it comes to gas, there are two types to know: the fuel to drive the RV and the propane. If the RV requires propane to power any appliances or hot water, know how much you can get out of a tank and plan accordingly. Fuel prices can also fluctuate widely from month to month and state to state, so know the prices in your final destination as well as pit stops along the way. Always budget in a buffer when planning gas expenses.

Insurance

RV insurance is a necessity. It not only helps provide comfort in case something happens to your RV or belongings, but it is also the law. On average, RV insurance can range from several hundred to several thousand dollars a year. It is always best to do your research when selecting an insurance provider, which includes tangible costs such as value and intangible costs such as customer service and reputation.

Maintenance and annual fees

Whether the RV you purchase is new or used, there will be maintenance expenses and annual fees. It is always best to have a general idea of what the cost will be ahead of time, as it can vary widely among RV models and from state to state. Maintenance costs and annual fees for an RV may include oil changes, tires, appliance repairs, license costs, registration fees, and more.

Other expenses

There are many costs for having an RV that may be overlooked at first. While you won’t have to worry about room service, hotel stays or a rental car, you will have to think about campground fees, food, entertainment costs, and more. 

The RV

Purchasing the RV is most likely going to be the biggest RV expense you have. There are many types of RVs, and they come in many different price ranges. The good news is there is one to suit every budget and lifestyle. RVing can be a very enjoyable experience as long as the proper planning is done from the start!