In this blog post, we share our monthly expenses as we travel around America’s Great Loop – a 6,000 nautical mile journey around part of the US and Canada by boat. This month was a perfect example of the power of anchoring and why anchoring is our best tool to saving money on the Great Loop. We completed our final month on the loop and crossed our wake in Stuart, Florida. Florida has some of the most expensive marinas but is also a full-time cruiser’s haven for anchorages. With the higher cost of marinas in this region, we’ve transitioned to spending most of our nights on anchor which has resulted in our third least expensive month on the loop.
February is our last monthly Great Loop Expense Report. Our next Great Loop Expense Report will be Expenses for One Year on the Great Loop. In the past year, we’ve received a lot of positive feedback about our Great Loop Expense Reports as they’ve helped other prospective loopers plan their budget for a trip of a lifetime. We hope you find these reports valuable so you can untie the lines and begin your own journey. Life is short.
Before I dive into our February expenses, it’s important to understand where we traveled, how far we cruised, and some specifics in our particular loop experience. We began our travels in St. Pete Beach, Florida, and traveled 423 nautical miles to Islamorada, Florida. During this time we crossed our wake and completed our Great Loop. Here’s our Nebo travel summary:
We spent most nights on anchor this month which significantly helps us stay on budget. There are a few “given expenses” on the Great Loop including fuel, boat maintenance, and boat insurance, but there are a few expenses that are much easier to control. Spending time at marinas is a reoccurring high expense for loopers, but by anchoring out significantly helps control this expense category. Anchoring is by far our easiest way to save money on the loop!
We spent a total of $2,684.17 on our Great Loop expenses for February 2023. This list does not include our healthcare, phone bills, personal subscriptions, and business expenses as those all vary from one person to another. All expenses are in USD.
Our largest expense in February was fuel for $1,263.70. We fueled up twice; once in Sarasota and a second time in Key Biscayne. Our fill-up in Key Biscayne was pretty high for prices we had been seeing, but we wanted to make sure we had full tanks before entering into the Atlantic Ocean.
Our second greatest expense this month was groceries for a total of $876.67. Most of the meals we eat are cooked on our boat, making this a reoccurring high category for us.
Our third greatest expense was restaurants for a total of $216.11. We enjoyed a celebratory dinner out when we crossed our wake in Stuart, Florida as well as a few meals here and there.
Lastly, boat insurance renews every January, so we pay for January and February in January which made it double the average monthly cost and means we didn’t pay for insurance in February. Our “Other” category was also higher than normal as we paid for a few annual expenses including our Florida State Parks Family Pass and our Navionics subscription. A few of the remaining categories were pretty close to what we had hoped for. We continue to be flexible which has been key to “staying on budget.” We spent less than $100 in our Marina category because we stayed at a marina/mooring ball/paid dock for a total of 3 nights in February. This month was a perfect example of the power of anchoring and why anchoring is our best tool to saving money on the Great Loop.
We hope this post provided you with some insightful information on how much it costs to do the loop on a budget. Share this post with a friend if you think someone else might find this information useful. If there is something you would like us to include in our final Great Loop Total Expenses, let us know in the comments below!
The ups, downs, and everything in between, we share it all. If you like what you see, there are lots of ways to show your support and say thanks!
For our second to last month on the Great Loop, we came in high for our January Great Loop Budget! Included in this report are what expenses to expect on the Great Loop to how much we spent exactly in one month. Spoiler: our second largest expense this month was boat projects.
In this blog post, we share our December Expenses on America’s Great Loop. From affordable marinas to getting a free boost of speed going down the Tenn-Tom thanks to some recent rain, we were able to stay fairly close to our monthly goal budget.
The Great Loop is a beautiful adventure full of challenges including the challenge of staying on budget. We knew budgeting for our Great Loop would ebb and flow depending on the season and our location and that’s exactly what it did while we spent two weeks in Chattanooga, TN to work.
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Hey I couldn’t find any you tube videos of your trip past the tallest hydro lift lock in Canada.. would really like to see the rest.
I watched every one I could find.
Sorry I forgot to hit like on every video.
No worries Scott, we are releasing videos about 2 a week! Make sure you are subscribed and have the notification bell turned on to get alerts when we post a new video. Cheers!
i found you in late fall 2022, i have just finished all your videos 120 to 300! which put you thru the famous lift lock on the trent severin waterway. i have loved every video, and cant wait to see the rest. my wife and i have sailed lake erie for the past 43 years owning 5 sailboats, in 2021 with our advanceing age we took the plung and bought a trawler. resolute is a 2003 nordic tug 32. we still sail with freinds, but we both feel that resolute is much more civilized! lol! you two have improved so much with your boatand take it from me, the learning never stops. i see you crossed your wake at stuart fla. so as i write this in cleveland ohio, with the snow falling and hoping for an early spring, considering a trip to the thousand islands, i want to thank you both and ollie to for a great winter watching your videos! bill
Thank you for all your monthly expenses, we have created a spread sheet from them and then used it to create our own budget for the loop hopefully starting this year. Don’t see a way of attaching it, maybe by regular email if you would a copy.
Congratulations on crossing your wake, waiting to see more videos as you are in Canada our cruising area.
Graham & Sacha