TxAgfisher wrote:I've been researching it and fuel burn + insurance are the unknowns. Fuel will depend on how much I'm at the controls obviously, but payment after 20+% down isn't that much/month. I'm thinking more long term - overhaul on 360 vs 540 etc. Insurance will likely be the biggest variable.
Hangar wI'll be free if I get to move back to Houston because I would build one at the ranch and keep the plane there.
Fuel, maintenance, oil, insurance, annual, payment, hangar - what else?
Here's something I built when researching my ACTUAL budget:

An average fuel burn should be pretty easy to research for the airplane you're looking at.
What I did was take the data here (it's been pretty accurate so far in my short ownership) and work backwards to see how many hours I could afford to fly per month based on the monthly overhead plus hourly operating cost, kind of like what I sketched out in the bottom of the spreadsheet. I worked it out that I could afford to fly 8 hours per month, though we've been over that the last two months with trips. Those are easy to justify if you take the money you would have spent on gas for the car or commercial tickets and put it toward the hourly operating costs.
My insurance on an experimental pacer is $1320 per year, but I have a good number of hours total time and have a couple of commercial and instrument ratings. I did start off with low TW time (15 hours when I purchased), though.
My "tie-down" is actually a hangar, and until the plane is paid off I'm not putting any money toward my upgrade reserves in the hourly operating expenses.
The miscellaneous $2k is spread monthly over 5 years, and I spread the annual condition cost evenly over the year as well. This is all just "book-kept" money in the family savings account. No separate accounts, just a spreadsheet to keep track of it.
The perf figures were just from when I was researching different models to see what fit my mission the best. They're kind of just leftover tables now.
Hope it helps a little.