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Budgeting Your "Boat Dollars"

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Budgeting Your "Boat Dollars"

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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

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

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Budgeting Your "Boat Dollars"

  1. 1. BUDGETING YOUR “BOAT DOLLARS”
  2. 2. PREPARE ANNUAL BUDGET “MAINTAINING YOUR BOAT” 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. 3. “BUST OUT ANOTHER THOUSAND” (B.O.A.T). • Preparing your annual boating budget plan to cover expenses will provide a more satisfying boating experience. • Do this and turn ‘boat’ into “Best of All Time”.
  4. 4. BOAT DOLLARS “One boat dollar” 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. 5. CREATING YOUR BOAT BUDGET SPREADSHEET Dockage or mooring fees Launch/hauling Storage (outside, includes blocking and stands) Transportation Winterizing Cover Maintenance Commissioning
  6. 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. 7.  Building a spreadsheet will provide you with a practical view of your boating costs  Or cushion you from associated expenses that often stun much less knowledgeable seafarers.  This will allow you to keep track of boat jobs and assist with budget preparation. CREATING YOUR BOAT BUDGET SPREADSHEET
  8. 8. CAN I AFFORD A BOAT?
  9. 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. 10. BOAT MAINTENANCE COSTS AND HISTORY  Only the owner knows the maintenance history  The Boat-Alert.com database combines 53+ nationwide databases into a single place  So, you can search for:  Stolen boats  Marine lien claims  Boating accidents  Pollution incidents  Auctioned boats  Factory recalls  Boat manufacturers.
  11. 11. Facebook @boatalert FOLLOW US & SUBSCRIBE Twitter @hindecoder YouTube Boat Alert
  12. 12. THANK YOU FOR LISTENING Website www.boat-alert.com Email Boatalert @certifiedreports.zohodesk.com Contact number 1-855-HIN-ALERT Article https://www.boat-alert.com/blog/budgeting- your-boat-bucks/

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