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lifestyle:expenses [2020/02/19 21:44]
frater_secessus [Less than $1000/month] 		lifestyle:expenses [2020/10/11 23:48] (current)
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 +> [Instagram] van life? 1-5K a month, unlimited rainy day fund (daddy’s wallet).  Real van lifer? 400- 1kish per month. 500 -10k rainy day fund. -- HighRandomthoughts((https://www.reddit.com/r/vandwellers/comments/f6fn25/budgets/fi4heou/))
 +
 ====== How much does it cost? ====== ====== How much does it cost? ======
  
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   * have cheap hobbies like reading or hiking instead of (for example) streaming premium services over expensive mobile data plans   * have cheap hobbies like reading or hiking instead of (for example) streaming premium services over expensive mobile data plans
  
-===== $1000 to $1500/month ===== +===== $1000 to $2000/month ===== 
-Modern working-age nomads usually get by in this range.  They will sometimes boondock, sometimes park in Walmart lots, and sometimes stay in reasonable parks with hookups.  +Modern working-age nomads usually get by in this range.  They will sometimes boondock, sometimes park in Walmart lots, and sometimes stay in reasonable parks with hookups.
  
-===== more than $1500/month ===== +People who boondock in large Class A or fifth wheel RVs may fit in this category.  
-It is possible to spend way more than $1500/month but in general this category is inhabited by the comfortably retired.  They can afford to drive luxurious RVs and put down anchor in nice campgrounds (or even resorts!) with full hookups.  + 
 +===== more than $2000/month ===== 
 +It is possible to spend way more than $2000/month but in general this category is inhabited by the comfortably retired.  They can afford to drive expensive RVs and put down anchor in nice campgrounds (or even resorts!) with full hookups. Sometimes the less-eager partner needed to be bribed with luxury features.((the perhaps unfairly so-called "Wife Acceptance Factor (WAF)"))  
  
 Also in this section:  Instragrammers and trustafarians((kids with trust funds)) who are able to pawn off expenses onto tax writeoffs, sponsorships, or family trusts. Also in this section:  Instragrammers and trustafarians((kids with trust funds)) who are able to pawn off expenses onto tax writeoffs, sponsorships, or family trusts.
  
-===== income tax ramifications =====+===== federal income tax ramifications =====
  
 [note:  this is not tax advice, do your own research] [note:  this is not tax advice, do your own research]
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 Even if filing isn't required, it may be a good idea since it starts the IRS 3 year statute of limitations timer on audits.((https://www.marketwatch.com/story/do-i-need-to-file-my-taxes-2015-02-10)) Even if filing isn't required, it may be a good idea since it starts the IRS 3 year statute of limitations timer on audits.((https://www.marketwatch.com/story/do-i-need-to-file-my-taxes-2015-02-10))
 +
 +[[lifestyle:domicile|State of domicile]] will affect whether or not you pay state income tax.
 ==== unearned income ==== ==== unearned income ====
  
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 +===== further reading =====
  
 +  * Fate Unbound - [[https://www.youtube.com/watch?v=WnyH-5Jznzg|10 ways to save money while RVing]]
  
  
  
  
lifestyle/expenses.1582148694.txt.gz · Last modified: 2020/10/11 23:48 (external edit)

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