rslifkin
Guru
- Joined
- Aug 20, 2019
- Messages
- 7,987
- Location
- Rochester, NY
- Vessel Name
- Hour Glass
- Vessel Make
- Chris Craft 381 Catalina
What's interesting to me is lately there have been dozens of posts bemoaning fuel costs, how it's their largest or second largest expense. Compared to what? Over a 5-year period of ownership, how many people spend more on fuel than hauling their boat? Or insurance? Or hull buffing? Or any of the myriad of boat expenses that are rarely included in a TCO model? As mentioned above, I deliberately ignore these expenses, but that's a personal decision to preserve sanity.
I did the math for another thread and found that for 2021, our cost breakdown was as follows. We managed to spend very little on transient dockage last year (mostly went places that were really cheap or had a free town dock).
- Fuel: 17%
- Summer dockage: 18.8%
- Haulout and storage: 17%
- Insurance: 10%
- Transient dockage: 1.2%
- Upgrades / Maintenance: 36%
Raising fuel prices by 50% (but keeping the rest the same) would change the mix to:
- Fuel: 23.5%
- Summer dockage: 17.3%
- Haulout and storage: 15.7%
- Insurance: 9.2%
- Transient dockage: 1%
- Upgrades / Maintenance: 33.3%
Last year was a bit heavy on the upgrades / maintenance costs due to the inverter and solar install, etc. This year will be a bit heavy too due to the water tank replacement and some other water system upgrades to go with it. Keep in mind, my upgrades / maintenance budget is almost entirely parts cost, as we have a somewhat limited boat budget so I pretty much refuse to pay someone to do things I can do myself.