Monday, 03 January 2011 12:21
Colin Jones draws on his experience to bring you his top tips for helping keep costs down this season.
Boat costs come a close second to the weather during happy hour discussions. And one way or another, everybody seems to agree that owning a good boat is tantamount to standing under the shower, tearing up £20 notes. So why do we do it?
Boating is an enormous pleasure and an ever-changing adventure. That is worth a lot of money in itself, so even though my own cruise boat is the main drain on my limited finances, as long as I can afford it, I shall be pleased to carry on - but this does not mean extravagance or waste.
Before any major expenditure, my wife and I ask each other if we really need it. If the answer is yes, we unhesitatingly stump up the cash. If the motivation is desire rather than necessity, we hold a board meeting. If we both agree that the pleasure of buying would give sufficiently enjoyable returns, we buy it. If one has serious doubts, the project is put on hold until the next meeting.
This immediately tells you that a good way to keep control of your budget is to involve a partner. As a gadget freak, I am the more impulsive element but I am lucky to share the boat with Rita, who is so adept with the financial mathematics of our boat life that our French friends call her ‘Mme La Ministre de Finance’. Between us we have managed 20 years of ‘Champagne cruising’ on a tiny cider income - and still had a bob or two to spare at the end of the season.
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