June Financial Summary
June 2008 Results
Campground Fees $207.00 (6.90 per day) - Budget $450.00
We managed to keep our overnight stays at around $15 a night. Then we had several nights where we had no cost. Our site was comped during the Rally and we arrived at our workamping position earlier than expected.
RV Clubs $0.00 - Budget $0.00
RV Insurance $0.00 - Budget $0.00
Propane $0.00 - Budget $10.00
Cell Phones $85.39 - Budget $85.00
Satellite Internet $0.00 - Budget $0.00
Note: Satellite internet is no longer included in our regular expenses. We now classify it as a business expense. We paid $798 in December 2007 for all of 2008.
RV Taxes/Registration $0.00 - Budget $0.00
Satellite TV $79.04 - Budget $75.00
RV Maintenance $0.00 - Budget $50.00
Diesel $686.87 - Budget $150.00
Well, when the budget was made, we had no idea that we were going to have to hustle over 1,000 miles from Branson, Missouri to Pagosa Springs, CO for our summer/fall workamping. We hadn't taken the position when the budget was done, and we thought we would be traveling at our usual slow pace. And of course we didn't expect diesel to be quite so high either.
We towed 1,474 miles in June and drove the truck an additional 74 miles while shuttling for canoe and hiking trips for a total of 1,548 miles. We averaged $4.60 a gallon for diesel, $1.10 over the $3.50 I used to budget for the year.
Gas $330.02 - Budget $170.00
See above explanation for Diesel. :)
We drove the Jeep 1,846 miles in June. Of that, 1,479 miles was following the rig and 367 miles was exploring the local areas where we stopped. Our average gas cost was about $3.94 per gallon, ninety-four cents a gallon over the $3.00 I used to budget for the year.
Truck Maintenance $0.00 - Budget $35.00
Jeep Maintenance $0.00 - Budget $20.00
Truck Insurance $0.00 - Budget $0.00
Jeep Insurance $0.00 - Budget $0.00
Truck Taxes/Registration $0.00 - Budget $0.00
Jeep Taxes/Registration $0.00 - Budget $0.00
Groceries & Dining Out $375.60 ($12.52 per day) - Budget $450.00
Our Groceries & Dining Out budget for 2008 is based on $12 per day per month for groceries PLUS $90 for dining out.
We done good in June! :)
Laundry, Clothing, Hair Care $92.28 - Budget $75.00
We had to replace some worn out shorts. :)
Entertainment $128.27 ($4.28 per day) - Budget $200.00
Insurance - Health, Life, Umbrella, Etc. $1,133.48 - Budget $1,134.00
Monthly health insurance premium of $181 plus our annual life insurance of $953.
Medical & Dental Expenses $0.00 - Budget $50.00
Miscellaneous $146.60 - Budget $150.00
Emergencies/Budget Cushion $827.00 - Budget $500.00
Paid estimated quarterly taxes based on capital gains taxes we had to pay last year. I'm pretty sure we won't have capital gains this year and we will get the money back in 2009, but we're paying the estimates just in case.
Totals $3,264.55 ($108.82 per day) for normal living expenses - Budget $3,104.00
Totals with Emergencies/Budget Cushion $4,091.55 - Budget $3,604.00.
Looking at the bright side as I tend to do, we were only $160.55 over budget on our normal living expenses even though we were almost $700 over budget on our fuel categories.
For a look at this year's numbers through June go to Our 2008 Actual Expenses. To see our budget month-by-month click on Our 2008 Budget.
On the business side, it took quite awhile to crunch the Rally numbers, etc.
For the month of June, we made a profit of $4,913. Woo Hoo! That certainly helped. :)
Of that amount, $4,650 of it was in RV-Dreams.com. Of that, we had a profit on the 2008 Rally of $3,824. However, if not for our special 50/50 raffle that was donated back to us and a couple of sponsorships, we would have netted less than $2,000. We need to do a lot better than that for future rallies. :)
Our business income & expense summary statement is now available at Our 2008 Business Financial Summary page.
First Half 2008 Summary
Well, let's start with the good news. For basic living expenses alone, we are $783 under budget for the first half of the year. We have spent $15,483.53 so far which is an average of $2,581 per month. That's just $81 over our goal of $2,500 a month for the year. That's really good because almost all of our big expenses are loaded into the first six months of the year.
And since we are workamping July - October, which wasn't accounted for in the budget, we should come in well under our $30,000 goal in basic, normal living expenses. :)
Now, the bad news. We budgeted $6,000 for Emergencies/Budget Cushion. With capital gains taxes from 2007, estimated taxes for 2008, our solar panels, and our additions to the Jeep, we are probably going to come in at around $13,500 in that category for the year.
I don't think we can make that $7,500 deficit up in our normal living expense savings. But if we can make up half, we might just get the other half back in taxes next year (or at least a good portion of it).
The bottom line is it is again pretty clear that we can live comfortably on less than $30,000 a year ($2,500 a month), but $36,000 a year ($3,000 a month) sure provides some wiggle room for emergencies and upgrades to the lifestyle that aren't necessities. :)









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