Young Couple Wonders
In 6 short months, we've decided to rent our house, quit our jobs (at 34 and 35), and travel for 1 year full time. We plan to return from our trip with 1 full year of personal expenses (including mortgage) to ensure that we will have plenty of opportunity to come back and find jobs (even part time if necessary).
I guess my question - however broad it is, are we crazy? I feel that our return plan is sound (i.e. come back to 1 year of expenses paid on the home front), but how much do we really need on the road? See our estimates below:
We have no children, one old basset hound, and anything we can carry in our 2003 Jayco Greyhawk. We're estimating the following expenses (and related questions):
- Mortgage - Rent: $500/month
(it can't be rented for full mortgage value)
- RV Payment: $273/month
- RV Registration (annual): $10/month
- RV Insurance (annual): $48/month - Do I need "fulltimers" insurance?
- Gasoline (350 miles/week traveled): $600/month
- Healthcare: $350/month (We have a simple plan, what's needed?)
- Spending/Misc. Money $200/week: $800/month
Other than the house/rv, all debt will paid off before we leave.
What are we missing/what do we need to consider that we are not?