Preparing an annual boating budget does not offset high boating cost. Use "Watercraft dollars" calculations to control your expenses. A spreadsheet will help you be in control. Make a boat maintenance spreadsheet on an annual basis to manage your spending and expectations
2. PREPARE ANNUAL BUDGET
âMAINTAINING YOUR BOATâ
Monthly loan
payments $500-
1000
Insurance
averages of %1.5
of boat insured
valued.
Dockage fee
$10/foot/month
Winter storage Annual
Maintenace %10
Safety Kits
$500/year
Repairs
$2400/year
Time spent on
boat 14
days/year
3. âBUST OUT ANOTHER
THOUSANDâ (B.O.A.T).
âą Preparing your annual boating
budget plan to cover expenses
will provide a more satisfying
boating experience.
âą Do this and turn âboatâ into
âBest of All Timeâ.
4. BOAT DOLLARS
âOne boat dollarâ amounts to $100. Proper budgeting and maintenance makes
you more able to control expenses, yet that
does not make boating less costly.
BOAT = Bankruptcy on a Trailer
5. CREATING YOUR BOAT BUDGET SPREADSHEET
Dockage or
mooring fees
Launch/hauling
Storage (outside,
includes blocking
and stands)
Transportation
Winterizing Cover Maintenance Commissioning
6. Marina fees and/or
yacht club
membership
Dinghy storage Insurance Excise tax
State boat
registration /
documentation
Trailer registration Fuel
Safety equipment
(charts, PFDs,
flares, etc)
Other equipment
and miscellaneous
CREATING YOUR BOAT BUDGET SPREADSHEET
7. ï Building a spreadsheet will
provide you with a practical view
of your boating costs
ï Or cushion you from associated
expenses that often stun much
less knowledgeable seafarers.
ï This will allow you to keep track
of boat jobs and assist with
budget preparation.
CREATING YOUR BOAT BUDGET SPREADSHEET
9. Buy an 18-foot Boat
$2000 per year.
10 years
-$20,000
Invest in a High Yield Saving Account
$2000 per year. 1%
saving yield
10 years
+$924
CAN I AFFORD A BOAT?
10. BOAT MAINTENANCE
COSTS AND HISTORY
ï§ Only the owner knows the maintenance
history
ï§ The Boat-Alert.com database combines 53+
nationwide databases into a single place
ï§ So, you can search for:
ï§ Stolen boats
ï§ Marine lien claims
ï§ Boating accidents
ï§ Pollution incidents
ï§ Auctioned boats
ï§ Factory recalls
ï§ Boat manufacturers.