We spent $40,000 while living on a boat for a year and traveling. It was cheaper than living on land, but there were some trade-offs.

Source: Business Insider

Elliot Schoenfeld and Jennifer Johnson lived on a boat for two years to save money. Courtesy of Elliot Schoenfeld and Jennifer JohnsonElliot Schoenfeld and Jennifer Johnson lived on a boat for a year to travel and save money. They didn't have much boating experience before starting their journey, but learned a lot by doing.

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