AIBU to spend £15k-£20k yearly on holidays with £150k income?

Different people value different things but I travel as much as I can afford. We're on a considerably lower income and always prioritize holidays and days out. We lost a child in the family last year and I'm incredibly grateful for every memory we made with them. Tomorrow isn't promised and although you need to plan for the future you need to live for today.

You can spend your money how you wish.

Why are you asking?

Just depends how early you want to retire, OP!

Not at all. That is just 10% of take home. We have combined net income of £82k annually and this year will spend £20k. Presumably you don’t have debt and own a house and have savings? That is the only disclaimer I would say if you prioritise holidays over those but for some they are ok with that. Only you know if it is affordable for you.

Spent around £22k on family holidays this year (two adults, two teenagers). One long haul, one week long short haul, one European city break, two UK short breaks. Plus about another £4k for the kids on school trips. Our income before tax is around £225-250k (fluctuates due to DH being self-employed and my bonus). My mum was only ten years older than me when she died so I want to enjoy life whilst I can.

YABU to ask. Do you just want people's opinions or do you want to explain your trade-offs?

Our household income is slightly higher, we usually spend 3k on 2 short break UK holidays a year with grandparents paying half. I'd imagine if I did an AIBU with those figures I'd be told I was tight.

We have 3 disabled DC and are saving to try to provide for their future. This is more important to our family than spending on other things.

Why wouldn’t it be?

We bring in about 110k but are mortgage free so less outgoings. I’ve never added it up but we do on average 1 long haul, 2 -3 week long European beach breaks, 3-4 uk city breaks then a centre parcs break. Me, dh and teen dc. Your budget sounds reasonable for your salary.

What planet are you living on? I'd like to be on that planet.

Your money to spend how you wish. We have a joint income of £115k and spend on average £12k per year on holidays for the 4 of us.

Exactly
I’d love to be able to do that

life is for living and making memories and as long as everything else is covered, why not.

We earn 110k gross but spend 5k average on our holidays. However we alternate UK and abroad bi annually. So this year we went to Spain and spent about 6k, next year we’ll have a week in Devon and spend about 3k (we hire a house) plus a long weekend a way somewhere in the UK for a few hundred quid each spring.

Completely depends on your situation. I wouldn’t but then I’ve got school fees to pay right now! How is your pension? Your mortgage?

Also, I’m going to be that person and say do you need to fly long haul every year for a holiday? We are definitely rethinking our holidays in light of climate change

We spend roughly that and earn less than you do (around 130k combined) but I find there are always people wanting to comment on what you spend your money on when it's none of their business. Ignore them.

My income is a fraction of yours, OP. Holiday spending is around 7-8% of my net income and I can't afford to spend more because of other commitments, so your 10% seems reasonable, assuming you're not in debt and managing otherwise.

Has someone criticised you? Are you looking for permission to spend more?

I prioritise travel over some other things. I don't think I would change my holidays much if I had more to spend. If I got a significant pay rise tomorrow, I'd probably do some work on the house and stick to a similar level of holiday spending. But if your pension pot is healthy, and you don't have any other pressing claims on your money, then I don't see why you couldn't spend all your disposable income on holidays.

Pointless question and a total brag. You do you. Why do you need to ask permission to live your life.

Oh god, don't give them any more stealth brag thread ideas 😩
is it unreasonable to use all of my 160 days of annual leave all on one luxury holiday or should I spread it out 🙄

If you can afford it and it’s what you want to do , no one else’s spend is relevant ?

if however you like to keep up with the jones - to show off - just be honest

Of course it is not unreasonable - you can spend your money on what you like!

Go for it, I think spending a fair amount in the UK is going to help the economy so yes, I'm all for it.

Our net income is around £110k, we spend around that. Sometimes more, sometimes less. Its reasonable if its want you want to spend your money on really.

Perfectly reasonable. We spend about 20k pa on holidays.

We budget about 10% of take home for the following years holidays, we have quite variable incomes so some years that’s a LOT some years much less but to me what you’re suggesting sounds about right at that level
of income. We own one car outright though and don’t pay for schooling, our mortgage debt is less than 1yr gross income.

If I had just taken out an £800k mortgage and had 2 kids in full time nursery I’d be giving a very different answer… all about the detail

Have you any debts (other than mortgage)? Have you an emergency fund that’s easily accessible? Have you longer term savings or pension? Do you need to put those holidays on a credit card or are they paid for from money put aside for the purpose?

If your finances are generally healthy, and you are spending from money already there rather than going into debt, and you have sufficient cushion for day to day spending and any emegencies…then absolutely no issue. But if you have any other issues in your finances, I’d drop the number and cost a bit and fix the other holes first - I’m not saying no holidays, but reduce them a bit temporarily until you have a sound financial footing and then you can enjoy all of the holidays again.