Would you get a loan for an amazing holiday?

But she doesn't have that disposable income. It's money that she does not have.

I don't think the OPs husband should be dictating what she spends her disposable income on.

Or imagine saving and saving and then your parent gets seriously ill, or you do...

Suddenly your bucket list trip won't happen..

I'm in this position myself...

I use a zero % credit card for holidays which is pretty much the same thing, and (try to) pay it off before I go on the next one.
Some people have big car payments, I would rather have an old car and use credit for hols instead.

Distant memories, sure, but sometimes wonderful ones to cherish forever. Some of the best times of my life have been whilst I’ve been on holidays.

For me it would depend on the amount of the loan, the length of the repayments and how much per month.

I’m quite partial to putting stuff on a credit card to spread out the payments. If I want to do something then I do it. I don’t wait around to save, I might not be here in a few years when I can afford it in one chunk. But I’m very sensible with it and always pay it off and over pay. I don’t do it for everything either. Currently have no debt.

That's insane. Istanbul isn't expensive. It's still fine to visit for tourists.

I don’t think I would unless like a PP said, for medical reasons I had to go sooner rather than later.

I'm off on belated honeymoon this summer - we could’ve taken out a loan but decided to save instead.

12 years ago and still paying it off! Glad you had a nice holiday but you could probably have had at least 6 more bearing in mind you haven't paid it off in 12 years and therefore the amount of transfer fees you must have accrued and paid.

No

And I would worry that my friend has been diagnosed with something terminal and that it was a family decision to do this knowing they could use life assurance to clear the loan but make sure her dream came true before she passed!

Nope. Holiday would be over and you'd still be paying it off months later. Then what if you decide you fancy another holiday but can't save for it because you're still paying off the last? Agree with PP, if you can afford the repayments you can afford to save, just need to wait a little longer to get there but for a bucket list destination, it would be worth it.

If my job was relatively secure, then yes. Life is short and the grim truth is that none of us are guaranteed tomorrow. I think best to use a zero % credit card rather than a loan to pay for it, however. And be really frugal when you come back from holiday to pay off the debt asap.

I went on holiday about 12 years ago to Istanbul, on a credit card. Still paying it off (we bounce the money around different interest free cards but of course pay transfer fees when we do). No regrets! We had kids a couple of years after and would never be able to go with them till they're much older. I'd always wanted to go, it was amazing, and I wouldn't like to go now because the political situation has worsened so much.

You think being financially sensible is "boring"? Says a lot about you. Are you one of these YOLO people always in debt?

This, my mum put our major holiday this year on her credit card, I paid my share towards it, and its now fully paid off.
It also aids in getting your money back if a company (Thomas cook was a prime example) folds under whilst you're still waiting for your holiday.

I agree with this. I drive my car daily and still can't wait for the car loan payments to be finished.

Holidays feel like distant memories so quickly, and the thought of still paying for it later is just awful.

It’s just not a good idea. If there is a bucket list holiday you want then save for it. If you make it a priority you will save for it but be protected in case of emergency. Little choices will add up (take away tonight or £20 in holiday fund for example)

I would never ever, ever, ever do this.

Not a chance. Unemployment is going up, businesses are not recruiting as many people. Very few jobs are 100 percent certain. Any of us could lose our jobs at any time. Save up and go.

This

I am fiscally risk averse so probably not. Plus I always get post-holiday blues so I'd hate to be paying off a holiday I have already done rather than saving for the next one.

In the case of illness making it a 'now' decision then I would do it.

I am a saver though. 3 years ago I took on temporary seasonal work in order to pay for an amazing holiday (additional 12 hours a week, mainly evenings and weekends) and it was so successful ** I have done it ever since. I'm more comfortable with that.

** mind you, it has occurred to me more than once that if we gave up weekly pub/eating out trips we could have saved similar without having to work extra but hey ho

Nope for me. I would only borrow for necessities. Holidays are luxuries and you can save towards them.

If you have to save for years to afford it, then it will also take years to pay off the loan, so in that case , no.

Maybe if it were short term, for example a year, then maybe I would consider it.

If you can’t afford the holiday, no!

Whilst I absolutely agree that life is for living (and trust me we do. I soend all my money on experiences for us as a family and for the teens), i fundamentally believe that getting into debts for a holiday is veeeeery bad planning and quite stupid actually.
if you do, please let us know when you can retire and live financially secure however tgat means for you.