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lifestyle:expenses [2020/02/10 16:47] frater_secessus [tax ramifications] |
lifestyle:expenses [2020/10/11 19:48] (current) |
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+ | > [Instagram] van life? 1-5K a month, unlimited rainy day fund (daddy’s wallet). | ||
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====== How much does it cost? ====== | ====== How much does it cost? ====== | ||
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In this category you can find members of the [[http:// | In this category you can find members of the [[http:// | ||
- | ===== $1000 to $1500/month ===== | ||
- | Modern working-age nomads usually get by in this range. | ||
- | ===== more than $1500/month ===== | + | The [[camping: |
- | It is possible to spend way more than $1500/month but in general this category is inhabited by the comfortably retired. | + | |
- | ===== income tax ramifications ===== | + | * pay off all their debt before heading out |
+ | * camp only on free sites | ||
+ | * for longer amounts of time((perhaps up to the 14 day limit)) instead of driving regularly | ||
+ | * cook for oneself | ||
+ | * bring beer instead of buying it at a bar | ||
+ | * have cheap hobbies like reading or hiking instead of (for example) streaming premium services over expensive mobile data plans | ||
+ | |||
+ | ===== $1000 to $2000/month ===== | ||
+ | Modern working-age nomads usually get by in this range. | ||
+ | |||
+ | People who boondock in large Class A or fifth wheel RVs may fit in this category. | ||
+ | |||
+ | ===== 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. | ||
+ | |||
+ | Also in this section: | ||
+ | |||
+ | ===== federal | ||
[note: | [note: | ||
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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:// | 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:// | ||
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+ | [[lifestyle: | ||
==== unearned income ==== | ==== unearned income ==== | ||
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+ | ===== further reading ===== | ||
+ | * Fate Unbound - [[https:// | ||