Is it cost effective to own your first "learner" boat?
This year marked a couple milestones for the crew of Unwritten Timeline. We sold everything we own, started a business, completed our ASA 114 course, and purchased a 42' Antares catamaran that will be our floating home for at least the next 10 years. We have spent a lot of money this year because of all of these events and it shows if you just look at the raw numbers. $241,598.02 is a lot to spend on sailing for a year in anyone's book. Now, a lot of that was the down payment on Unwritten Timeline and that came from the sale of our homes. We also made a few bucks from selling all our stuff.
Starjewel is for sale and we will hopefully get some money from that. We will be free of the insurance, docking, and maintenance on her. Since we were planning on living on Starjewel for up to a year we were putting a lot more work into her than most Hunter owners. We won't be able to reap those rewards since you never get back what you put into a boat, but we did learn a lot about how to do maintenance, sail, manage documentation, provision, and so much more that will help us out in the long run.
Starjewel cost us $15,370.62 in total for 2017. Divided by 12 months gets us $1,280.89. That's not too bad for renting a boat all year long.
Unwritten Timeline was racking up the numbers though. A whopping $226,227.40 was spent on her in 2017, and we only owned her for 2 months!
Check out the breakdown and let us know what you think. You can see each month's spending here. Is owning your first "learner" boat better or should you spend the money on chartering someone else's boat?
Dockage/marina: $4,664.47
$1,864.47 - Unwritten Timeline
$2,800.00 - Starjewel
Fuel: $24.56
$0.00 - Unwritten Timeline
$24.56 - Starjewel
Maintenance: $2,855.54 Total
$2,139.82 - Unwritten Timeline
$715.72 - Starjewel
Boat INS: $4,264.00
$2,901.00 - Unwritten Timeline
$1,363.00 - Starjewel
Boat Loan: $5,834.85
$1,076.13 - Unwritten Timeline
$4,758.72 - Starjewel
Groceries/General: $458.80
$77.67 - Unwritten Timeline
$381.13 - Starjewel
Entertainment: $0.00
Other: $223,495.80
$218,168.31 - Unwritten Timeline *$213,000.00 downpayment
$5,327.49 - Starjewel
This year marked a couple milestones for the crew of Unwritten Timeline. We sold everything we own, started a business, completed our ASA 114 course, and purchased a 42' Antares catamaran that will be our floating home for at least the next 10 years. We have spent a lot of money this year because of all of these events and it shows if you just look at the raw numbers. $241,598.02 is a lot to spend on sailing for a year in anyone's book. Now, a lot of that was the down payment on Unwritten Timeline and that came from the sale of our homes. We also made a few bucks from selling all our stuff.
Starjewel is for sale and we will hopefully get some money from that. We will be free of the insurance, docking, and maintenance on her. Since we were planning on living on Starjewel for up to a year we were putting a lot more work into her than most Hunter owners. We won't be able to reap those rewards since you never get back what you put into a boat, but we did learn a lot about how to do maintenance, sail, manage documentation, provision, and so much more that will help us out in the long run.
Starjewel cost us $15,370.62 in total for 2017. Divided by 12 months gets us $1,280.89. That's not too bad for renting a boat all year long.
Unwritten Timeline was racking up the numbers though. A whopping $226,227.40 was spent on her in 2017, and we only owned her for 2 months!
Check out the breakdown and let us know what you think. You can see each month's spending here. Is owning your first "learner" boat better or should you spend the money on chartering someone else's boat?
Dockage/marina: $4,664.47
$1,864.47 - Unwritten Timeline
$2,800.00 - Starjewel
Fuel: $24.56
$0.00 - Unwritten Timeline
$24.56 - Starjewel
Maintenance: $2,855.54 Total
$2,139.82 - Unwritten Timeline
$715.72 - Starjewel
Boat INS: $4,264.00
$2,901.00 - Unwritten Timeline
$1,363.00 - Starjewel
Boat Loan: $5,834.85
$1,076.13 - Unwritten Timeline
$4,758.72 - Starjewel
Groceries/General: $458.80
$77.67 - Unwritten Timeline
$381.13 - Starjewel
Entertainment: $0.00
Other: $223,495.80
$218,168.31 - Unwritten Timeline *$213,000.00 downpayment
$5,327.49 - Starjewel
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