A Houseboat Journey: How One Retiree Is Living the Dream While Saving Money
When considering retirement, many envision a life of leisure and security. However, for Cheryl Fellenz, an 81-year-old retiree, her retirement has taken on a unique form: she now resides on a houseboat off the coast of southern Maryland.
Discovering a New Way of Life
Cheryl’s story is not just about savings; it’s about embracing an adventure. After retiring at 51 from her rewarding career as a reading specialist, she stumbled upon the idea of living on a houseboat during a casual conversation. It was a serendipitous moment that sparked the idea, leading her to explore new waters—literally.
“I drove down by the water and saw those boats at the marinas; I was instantly attracted to this lifestyle,” she recalls. This pivotal moment marked the beginning of a thrilling chapter in her life.
Making the Switch: Financial Freedom Awaits
In 2009, Cheryl made a bold financial decision. She sold her house, paying off her mortgage, and purchased her houseboat for roughly $84,000—fully in cash. Despite selling her home at a loss due to the market crash, Cheryl recognized that this move would significantly reduce her living expenses.
“Not having a mortgage provides immense peace of mind,” she adds, highlighting that the financial freedom that accompanied her new lifestyle was worth the initial sacrifice.
Managing Expenses and Embracing Discipline
Living authentically on a houseboat comes with its own set of financial challenges. Cheryl meticulously tracks her expenses in an accounting book, ensuring she remains financially stable. Her monthly income from Social Security and her teacher’s pension, totaling $4,996, allows her to live comfortably.
“My docking fee is just $275. With careful budgeting, I manage my grocery and utility costs quite well,” Cheryl reflects. Her disciplined nature shines through, particularly when unexpected expenses arise, like a few thousand dollars for repairs. She takes these challenges in stride, using her credit card wisely and paying off balances on time.
A Life of Purpose and Community
Cheryl’s alternative lifestyle is more than just financial savviness; it’s also about community and purpose. Although she does not have children or a spouse, she has established a fulfilling routine. From teaching local children to read without charge—an act that enriches her life with a sense of purpose—to engaging with her boating community, Cheryl remains active and involved.
“I don’t feel lonely; I have friends and social events among my boating association,” she explains. This vibrant social life complements her love for nature, as she frequently observes local wildlife like eagles and herons.
A Testament to Resilience and Adventure
Cheryl has embraced her unique lifestyle, finding joy in unexpected places. “The houseboat has been an adventure," she shares. "When I first moved in, it snowed a foot deep, and I felt so proud of myself for shoveling the dock.” Moments like these invigorate her spirit and reinforce her belief that living on the water keeps her young.
Final Thoughts: Embracing New Experiences
In her reflective wisdom, Cheryl offers sage advice to anyone considering retirement: “Be open to new experiences. Cultivate your imagination and ask yourself what is truly important.” Her journey demonstrates that retirement can be a time of exploration, creativity, and most importantly, financial freedom.
Living on her houseboat not only satisfies Cheryl’s pursuit of a fulfilling lifestyle but also exemplifies how one can creatively navigate retirement with financial savvy and a zest for life.
Would you consider taking a bold step like Cheryl?
