Perhaps retirement on board a cruise ship is a better option

@scheng1 (24688)
Singapore
April 24, 2017 8:41am CST
After crunching the figure, I think retirement on board a cruise ship is a better option. If you have a house, you still have to pay for the property tax, do your own housework, buy groceries, buy all the gadgets and appliances to make the house liveable. Getting part time help cost money. If you want to travel, you have to fork out the money for hotels and transportation to the destination. I think in this aspect, retirement on board a cruise ship that includes room service, housekeeping, food, entertainment, and travel is a much cheaper option. There is a doctor on board the ship though the cost of medical care can be high. If the medical insurance is adequate to take care of the expenses, that will be good. The cost of the cheapest cabin comes to $100 or less per person per night based on twin sharing. Add in gratuities and expenses for laundry, shore excursion or day tour, a budget of $200 is more than enough. There is a guy, nicknamed Super Mario by the crew members, spent about $70,000 for 52 weeks at sea. I think 20 or 30 years later, when there are more cruise ships, and more retirees, the cost of retirement on board a cruise will be lower than now. Cruise ships can keep the cost low, because they travel to many parts of the world with much lower standard of living. They can source food cheaply from those regions.
Living aboard a cruise ship may make financial sense when compared to other senior living options, especially in expensive locales.
4 people like this
3 responses
@Nawsheen (22786)
• Mauritius
27 Apr 17
I think this is not a bad idea. You will also get to visit other countries. If the costs come down a little bit much further i guess many people might go for it
1 person likes this
@scheng1 (24688)
• Singapore
28 Apr 17
I think cost will come down. At the rate that they are building cruise ships, there will be an oversupply soon. Perhaps when the next recession strikes, and you can negotiate for a year-long cruise or even 2 years cruise at $50 per person per night, that will be a great deal. Once the rate is agreed, it will hold for a full year.
1 person likes this
@Nawsheen (22786)
• Mauritius
28 Apr 17
@scheng1 oh yes that will be awesome
1 person likes this
@xFiacre (8927)
• Ireland
24 Apr 17
@scheng1 I have heard of people doing this. If you pick your cruises carefully you can save money. It costs about £800 a week here to stay in a decent retirement home, but cruises can be found all year round for about £600 a week.
1 person likes this
@scheng1 (24688)
• Singapore
25 Apr 17
Actually for those who want to take a long cruise, they can get very good rate from the cruise company. Most people are not aware of the senior citizen discount, military/veteran discount, shareholder credit to offset against gratuities, and loyalty discount. The cruise company will work all these out, and in the end, the rate can be as low as $100 per person per day based on lowest grade cabin.
@junmae (1591)
• Philippines
24 Apr 17
Hey! i havent heard of this type of Cruise ship. All i know is that Cruise ship is for luxury cruises. That's pretty awesome!
1 person likes this
@scheng1 (24688)
• Singapore
25 Apr 17
No, the price of cruise ships does not turn it into luxury travel now. If you check the price of a night in 5 stars hotel in Manila, you can see that it almost pays for 3 nights on board a cruise ship, The hotel stay does not include all meals and shows, but the cruise ship includes all these