Family Magazine

Eight Years Down: How We Fund the Cruising Life

By Behan Gifford @sailingtotem

Eight years down: how we fund the cruising life

1- departure

How can we afford the cruising life? Everybody wants to know, but few ask. Cutting to the chase: we’re not independently wealthy. How we’ve supported ourselves has changed over time. Today marks the first day in our ninth year of cruising (holy cow!): retracing those years in terms of our finances tells the tale.

On August 21, 2008, we untied the lines from our slip behind the pub in Eagle Harbor and set off to go cruising with a pocketful of savings from about a decade of anticipation, and six years of more intent planning. We never expected to be out this long. When we left Bainbridge Island for Mexico in 2008, we expected to be gone for at least two years…five, at the outside.

IMG_4202

2009: exploring in the Mogote, La Paz, Mexico

It was our assumption that as the kids approached high school age, they’d year for a more “normal” life. And then, we weren’t sure we’d be able to afford cruising. We were living off savings built up in anticipation of this interlude in our lives, and that money could only last so long.

2010: always a friendly lap in Fiji

2010: always a friendly lap in Fiji

At around the two year mark, we found ourselves scraping the bottom of the financial barrel. This was sooner than expected, but our hopes to fund additional years of sailing by selling our house were foiled by the real estate crash. Instead, we lost money monthly as the mortgage exceeded rental income: there was no option but going back to work. Sitting in Tahiti, we mapped out the possibilities: where could we sail to, by the end of the season, and find a job?

Pacific map

The stars aligned around Sydney, so we worked our way steadily towards the western side of the Pacific over the course of 2010 and cashed that first Aussie paycheck when our bank account had dwindled to $100. For the next year and a half, our little family embraced the experience of trying on another country for size…and we pinched pennies to save amid a high cost of living.

Australia day

2011: Australia Day in Sydney Harbor, on MV Furthur

Australia indelibly imprinted on us, but six months of attending school in Brisbane cured our kids of any urge to attend “normal” school. With enough in the kitty to sustain us for a while again, they cheered the prospect of returning to homeschooling when we had a family meeting in mid-2012 to discuss plans to move on.

2012 – school uniforms in Brissie

2012: school uniforms in Brissie

Departing Australia opened a new chapter in our cruising lives. For all the aspects of living in Oz that we enjoyed, it also showed us that we no longer fit in. Jamie and I determined to find a new ways to support our family and continue cruising, so we wouldn’t have to repeat the cycle of working in a developed country…for a while, at least. Trying to pass for normal with people who couldn’t understand our real drives and motivations was draining, and pressures on the kids not what any of us wanted.

2013: temple style, Bali

2013: temple style, Bali

And so while sailing west through Indonesia during the first six months of 2013 we worked on ways to build a few streams of trickle income to sustain us. Returning to sailmaking after many years, Jamie discovered how much he has to offer as a cruising sailmaker, helping people get the right sail. I found new energy around sharing our life through writing, and building a bit of income from freelancing, this blog, and co-authoring Voyaging with Kids. At the same time, shifts in rent/mortgage allowed us to actually earn some income from our house, a welcome cushion when bigger boat projects piled up as we prepared Totem for the Indian Ocean.

ditch kit

2014: reviewing and repacking the ditch kit

Last year, we spent our cruisiversary in East Africa, anchored off Cosmoledo—a  remote atoll in the southern Seychelles. Hunkered down to take shelter from rough conditions en route to Comoros, we had the company of friends for shared hikes, snorkeling, meals and laughs. Headed toward South Africa, our thin earnings weren’t going to be enough for extras: for the first time, we dug into retirement savings to avoid missing out on the rich experience of inland Africa.

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2015: weathering a blow with friends on Shakespeare

Now, with our eighth year behind us, financial dynamics are shifting yet again. Our house returns to the status of net expense instead of net income (curse you, adjustable mortgage!). But we’re building new sources of income doing something we truly enjoy: cruise coaching service, where we share what we know to help others through the steps to go cruising. What’s also different now is we’re a little more accustomed to the instability in ways our 2008 selves could never have imagined. We live on a thin margin. To make that work, in most years, our expenditures are well below the US poverty line for a family of five. Sure, it’s stressful! But we balance that with the opportunity, and it’s not a difficult choice. Our priorities are different.

2016: sunset on the Mystic river

2016: sunset on the Mystic river

Nobody is more surprised than I am that we are cracking into our ninth year of cruising: still out adventuring, exploring as a family, no plans beyond “Cuba sounds good” for this winter. Happy cruisiversary to us! Raising a glass to celebrate on the Mystic river tonight as the sun sinks behind Noank, grateful to chalk up another year of living adventurously.


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