What is an average cost of living driving OTR?
#11
Board Regular
Join Date: Dec 2006
Location: SE Michigan
Posts: 468
Originally Posted by WildK9
everywhere i go, there's this, this, ummmmm, pu**y cat. :lol:
#12
damn, accidently hijacked another thread. i really don't mean to ya'll, i just go with the flow. i'm so laid back, i just enjoy humor. sorry guys! :wink:
this is why i try to stay down in the lower forums!
#13
Originally Posted by Justruckin
What the heck, I'll bite.
I usually spend $150 - 300.00 cash a week while on the road. But that is just me, I own the truck and the company. It's official - I am the cheapest man alive.
#17
Member
Join Date: Nov 2005
Location: Burlington,NC
Posts: 159
I used to spend 200 a week. I started getting some groceries and now I spend nothing unless I want a still down dinner. I will also say I have a refrigerator and a microwave.
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#18
Senior Board Member
Join Date: Mar 2005
Posts: 1,341
Why Cheaper ..
If you live out of a cooler or a fridge, and a microwave/lunch box heater you can eat well for $75 - $100 per week. Now the kicker .. the IRS will allow you to substitute your $4K exemption for a $51.75 per day (I think that right for 2007 it is the average of travel between high and low rate areas) per diem. So every day out beyond 77 days and you get reimbursed/paid for living on the road. (You do not get your personal exemption of $4000 and the 50 per day .. it is an either or proposition) So 200 days out is a $10,350 exemption. If you are able to eat at $100 per week you just pocketed back some of your tax money. That does not happen eating at home :wink:
1. This is not a direct tax credit but what you will subtract directly off your adjusted gross income. So if you made 40,000 and you go out 200 days .. your AGI will be 30,000 and you will be taxed on that amount. This lowers the income bracket and the amount of taxable income. This is way different than personal business expenses on a Form 2106, which the first 3% of your income is excluded and only 50% of the expense counts for meals. BTW) I often treat myself to a hearty meal at Harris Ranch or some other nice non-truck stop restaurant to reward myself and still stay at $100 per week.
#19
My weekly costs include shopping at home. My wife will freeze leftovers and cook food for me at the house and then freeze them as well. This is anything from spaghetti and meatballs to egg and cheese sandwiches, canned soup, or whatever. I am a big coffe drinker. I spend around 10-15 week in coffee. depends if i fuel at flying j or pilot if i use card or if the girl at the counter just says have a nice trip.
I smoke and live in NY. I dont buy smokes in NY (45 a carton) so I buy mine in SC 23.99 carton. I travel the i-95 corridor weekly so its not a probelm usually. I would say total dollars for food alone would be maybe 40 -60 week at most. depends on whats at the house and what else i may buy. I do have internet set up at the flying j for internet, thats how im typing this now, I am at the flying j in st augustine fl. 21.95 a month or u can set up for 49.95 for 3 months. phone 75 a month thats really bout it. hope it helps
#20
Re: Why Cheaper ..
Originally Posted by Crackaces
If you live out of a cooler or a fridge, and a microwave/lunch box heater you can eat well for $75 - $100 per week. Now the kicker .. the IRS will allow you to substitute your $4K exemption for a $51.75 per day (I think that right for 2007 it is the average of travel between high and low rate areas) per diem. So every day out beyond 77 days and you get reimbursed/paid for living on the road. (You do not get your personal exemption of $4000 and the 50 per day .. it is an either or proposition) So 200 days out is a $10,350 exemption. If you are able to eat at $100 per week you just pocketed back some of your tax money. That does not happen eating at home :wink:
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