How to Travel Full-Time with Your Family: 6 Savings Strategies to Fund Your Trips

Have you ever dreamed of breaking free from the daily grind and embarking on a full-time travel adventure with your family?

You might be surprised to learn that this lifestyle isn’t just reserved for the ultra-wealthy. In fact, there’s a growing community of families who have made the leap to full-time travel, turning the world into their classroom and creating unforgettable memories along the way.

The Rising Trend of Full-Time Family Travel

The concept of full-time family travel has been gaining popularity in recent years. From RVs and camper vans to long-term cruise vacations and extended hotel stays, families are finding innovative ways to explore the world together.

While it may seem like a distant dream, many are discovering that with careful planning and smart financial strategies, this lifestyle could be more attainable than they initially thought.

One common misconception is that only those with substantial wealth can afford to travel full-time. However, many families are making this dream a reality on modest budgets. By prioritizing experiences over possessions and employing savvy financial tactics, families from various backgrounds are embracing the nomadic lifestyle.

Common Expenses for Full-Time Traveling Families

While full-time family travel can take many forms, from international backpacking to sailing, a popular option for many American families is exploring the United States via RV or camper van.

If you’re considering this type of adventure, it’s important to understand the typical expenses associated with this specific mode of travel. This awareness can help you plan more effectively and set realistic financial goals for your RV or camper van journey across America.

Initial Costs

Transportation:

• RV or camper van purchase: Prices can range from $10,000 for a used model to over $100,000 for a new, fully-equipped RV.
• Alternatively, long-term rental options may be available, which could reduce upfront costs.

Outfitting for long-term travel:

• Solar panels for off-grid power: $1,000 – $3,000
• Additional storage solutions: $500 – $1,500
• Internet access equipment: $200 – $1,000

Recurring Expenses

Accommodation:

• Campground fees: $25 – $75 per night
• RV park rates: $30 – $100 per night
• Boondocking (free camping on public lands): $0, but may require more self-sufficiency

Transportation:

• Fuel costs: Vary widely depending on vehicle efficiency and travel frequency
• Tolls and parking fees: Can add up, especially in urban areas

Food and Groceries:

• Costs can fluctuate based on location and access to affordable grocery stores
• Farmer’s markets and local produce stands may offer budget-friendly options

Insurance:

• RV insurance: $500 – $1,500 annually
• Health insurance: Varies widely, but critical for peace of mind while traveling
• Travel insurance: Consider for additional protection, especially for international travel

Additional Costs

Entertainment and Activities:

• National Park passes: $80 annually for the America the Beautiful pass
• Museums, attractions, and tours: Budget varies based on interests and frequency

Education:

• Homeschooling materials: $300 – $500 annually
• Online learning subscriptions: $20 – $50 monthly

Maintenance and Repairs:

• Regular vehicle maintenance: $500 – $1,500 annually
• Emergency repairs: It’s wise to have a contingency fund for unexpected issues

Campsite Utilities:

• Some RV parks charge extra for electricity, especially for long-term stays
• Propane for cooking and heating: $20 – $50 per month, depending on usage

Understanding these RV-specific expenses can help you create a realistic budget for your full-time travel adventure across the United States. Keep in mind that costs can vary significantly based on your travel style, the size of your RV, and the regions you visit.

Now, let’s explore six savings strategies that could potentially help you fund your full-time travel and make this lifestyle more achievable.

6 Savings Strategies to Fund Your Full-Time Travel as a Family

1. Make Travel a Priority

The first step in funding your full-time travel dreams is to make it a financial priority. This might involve reassessing your current spending habits and redirecting funds towards your travel goals.

• Set clear financial goals: Determine how much you need to save and by when.
• Create a dedicated travel fund: Consider setting up a separate savings account specifically for your travel expenses.
• Automate your savings: Set up automatic transfers to your travel fund each payday.

Remember, prioritizing travel often means making trade-offs. You might choose to forego a new car or delay home renovations in favor of building your travel fund. By focusing on experiences rather than material possessions, you may find it easier to allocate more of your budget towards travel.

2. Minimize Your Grocery Expenses

Grocery shopping is a large expense for any family, so taking steps to minimize these expenses can help you save quite a bit of money. In 2018, Americans spent an average of 9.7 percent of their disposable personal incomes on food

Food costs can be a significant part of any family’s budget, whether at home or on the road. By optimizing your grocery shopping habits, you could potentially free up more funds for travel.

• Compare prices across different stores: Use apps or websites to find the best deals in your area.
• Plan meals based on sales and seasonal produce: This can help reduce costs and minimize waste.
• Consider reducing meat consumption: Plant-based proteins are often more budget-friendly.
• Buy in bulk for non-perishable items: This can lead to savings, especially for items you use frequently.

By implementing these strategies, you might be able to trim your food budget significantly. Even small savings can add up over time, potentially putting hundreds or thousands of dollars back into your travel fund each year.

3. Cook at Home Instead of Eating Out

Dining out can quickly eat into your travel budget. In fact, over a third of U.S. food dollar is spent on eating out services.

By cooking more meals at home, you could potentially save a substantial amount of money.

• Meal prep: Prepare meals in advance to avoid the temptation of eating out when you’re tired or busy.
• Learn to cook simple, nutritious meals: This skill will serve you well both at home and on the road.
• Make cooking a family activity: This can be a fun way to spend time together and teach kids valuable life skills.

For full-time travelers, cooking “at home” might mean preparing meals in an RV kitchen, using a portable grill, or even cooking over a campfire. These methods can not only save money but also add to the adventure of your travels.

4. Earn Miles With Your Credit Card

Credit card rewards can be a valuable tool for funding your travels, but it’s crucial to use them responsibly.

• Research travel rewards credit cards: Look for cards that align with your travel style and preferences.
• Use your card for everyday purchases: Earn points on things you’d buy anyway, but be sure to pay off the balance each month.
• Look for sign-up bonuses: These can provide a significant boost to your points balance.
• Be strategic about redeeming points: Learn how to maximize the value of your rewards.

Remember, the key to using credit cards effectively is to never carry a balance. The interest charges could quickly negate any benefits you receive from the rewards program.

5. Cut Costs Elsewhere

To fund your travel dreams, you might need to reassess your current spending habits and find areas where you can reduce expenses.

• Evaluate your housing costs: Could you downsize or rent out a room to reduce expenses?
• Review your subscriptions: Cancel services you don’t use frequently.
• Reduce utility costs: Implement energy-saving measures to lower your bills.
• Consider selling unused items: This can generate extra cash and reduce the amount of stuff you need to store or transport.

Remember, every dollar saved is a dollar that could go towards your travel fund. Small changes in multiple areas of your budget can add up to significant savings over time.

6. Earn Some Extra Cash on the Road

For many full-time traveling families, finding ways to earn income while on the road is essential. Here are some options to consider:

• Remote work: If possible, negotiate with your current employer to work remotely, or seek out remote job opportunities.
• Freelancing: Offer your skills in areas like writing, graphic design, or programming on a freelance basis.
• Start a travel blog or vlog: Share your experiences and potentially earn income through sponsorships or advertising.
• Seasonal work: Some travelers take on temporary jobs in different locations throughout the year.
• Sell handmade items: If you’re crafty, consider selling items on platforms like Etsy.

Remember, earning income while traveling may have tax implications, so it’s advisable to consult with a tax professional to ensure you’re meeting all your obligations.

Planning Ahead for Long-Term Travel Success

While these savings strategies can help fund your travels, it’s also important to plan for the long-term financial health of your family.

Here are 4 additional considerations:

1. Emergency fund: Set aside money for unexpected expenses or emergencies.
2. Health insurance: Ensure you have adequate coverage that works for your travel plans.
3. Retirement planning: Don’t neglect your long-term financial goals while pursuing your travel dreams.
4. Education funding: If you have children, consider how you’ll fund their future education needs.

Is Full-Time Travel Right for Your Family?

Full-time travel can be an incredible experience, but it’s not for everyone. Here are some factors to consider:

• Financial stability: Do you have a reliable income source or sufficient savings?
• Adaptability: Are you and your family comfortable with frequent changes and new environments?
• Educational approach: How will you handle your children’s education while traveling?
• Career implications: Consider how extended travel might impact your long-term career prospects.
• Family dynamics: Does everyone in the family share the enthusiasm for this lifestyle?

Full-time family travel may seem like an unattainable dream, but with careful planning and smart financial strategies, it could be more within reach than you think. By prioritizing travel, minimizing expenses, and finding creative ways to earn income, many families are turning their travel dreams into reality.

Remember, the journey to full-time travel is as unique as your family. What works for one family may not work for another. It’s important to tailor these strategies to your specific situation and goals.

If you’re considering making the leap to full-time travel, it may be helpful to consult with a financial advisor who can provide personalized guidance based on your unique circumstances. They can help you create a comprehensive financial plan that balances your travel aspirations with your long-term financial health.

Whether you’re planning a year-long adventure or dreaming of a permanent nomadic lifestyle, these strategies could help you work towards your travel goals. The world is waiting – start planning your adventure today!