Here's a second cost break down
- Boat: $30,000 upwards. Most cruisers who are planning circumnavigation or offshore cruising will buy a boat that is considerably more expensive than this. We would recommend that if you're buying used, it's best to buy a boat that is already kitted out.
- Monthly budget for 2 people in the Caribbean and Europe: $3000
- Slush fund: as much as you can afford! We would recommend at least $5000 in savings to deal with any unforeseen circumstances. The older the boat, the more you may need in repairs, maintenance & equipment.
- Equipment: we've spent about $20,000 on equipment purely designed for offshore and trade wind passage making. Therefore, if you are planning to limit your cruising to a cruising ground such as the Caribbean, you may not need any of these items. They include: Parasailor, SSB radio, hydrovane, Watt and Sea hydrogenerator, wind generator, solar panels, Yellow Brick tracker, laptop for receiving GRIB files at sea (Mac Books are not compatible), flares, and spare parts. This doesn't include 'basics' such as autopilot, AIS, life-raft, EPIRB, sat phone, and code zero sail, fishing rods and lures, BBQ, cool box, etc.
$30,000 boat (cheap end)
$3000 x 12 budget = $36,000
$20,000 equipment
$5000 (low end estimate) for repairs
$91,000 without unforeseen costs, with a cheap boat, with low reserve fun and without any cost of anchorage
