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

I'll never understand why people would ask strangers on the internet whether it's ok to spend their money on something they want to spend it on. It really is the strangest thing.

your money, you spend it how you like

Sounds lovely, I’m jealous! It’s a valuable use of disposable income - might as well enjoy yourself OP - and easy to cut back if other expenses crop up.

We prioritise holidays, trips and experiences as our mortgage is paid off, we have invested in pensions, have savings and no debt. Our household income is around £140k and we budget £14k for family holidays for the 4 of us: 2 weeks in summer abroad, 1 week in spring Europe city break, 1 week in UK cottage break, then a few weekends here and there and DH takes younger teen camping a couple of times a year.

You can spend your money how you want OP. Is someone telling you otherwise?

Spend your money how you wish. Why not have great holidays if you can afford them.

Why do you need the validation of internet strangers, or is their envy what you’re after?

Wow, how much annual leave do you get, sounds like a lot of weeks. My hubby gets 20 days plus bank holidays, we couldn’t take that many jollies, unfortunately, I would if we could. You enjoy yourselves, as they say, “life isn’t a dress rehearsal “, go for it 🤩

If you can comfortably afford that budget for holidays, crack on. Good for you.

I would want to be completely debt-free, including having paid off my mortgage & accumulated a substantial quantity of ‘rainy day’ savings before spending anything like that amount on holidays though.

“I am considerably richer than you”

Could you just buy a yacht and save some money that way?

Fuck me what an obvious Stealth Brag!!!!!!

🙄

We earn 120-130k and spend 12-15k a year

That's not a lot for several holidays each year. Why do you think that it is?

I’m surprised you can do that number/type of holidays on that budget tbh. Other than that, your money, your choice.

What an odd question. Only you can decide what's reasonable, on your budget, to spend on holidays. Different people prioritise different things. Some people prioritise a flash car, or owning a horse, and go on cheap holidays, others prefer to spend their hard earned cash on holidays. We have old cars but spend c.20k a year on holidays, and we really don't care whether other people think that's reasonable or not. It's nobody else's business!

Has someone told you YABU in real life? As per everyone above, it’s only unreasonable if you are shorting yourself on essentials to do it (I include pensions and savings as essentials). We used to spend that on an equivalent pre tax income (3x decent holidays a year for 3 outside of school holidays) but then we moved DC to private school so now we don’t!
Spend it however you like @hangak

Why would you be envious of someone spending less on holidays than you? You could easily do that if you want to.

If we had the available cash, I'd spend more on holidays, but would probably be limited by not wanting to fly loads for environmental reasons.

That said, there's plenty to do by train or car.

Why would it be unreasonable for someone to spend their own money on things they like? It's nobody's business. Unless you're constantly on holiday and your colleagues have to pick up the slack. But that's your employer's issue.

I'd love to have that amount to spend on holidays. You've earned it, so enjoy it!

A couple of years ago a friend of ours said to me that they budget around £15K a year for holidays. I figured they were roughly as affluent as we are and immediately that became the budget in my head, more or less doubling what we used to spend, which did mean shifting a few other priorities. It's been a revelation. Lovely holidays, actual relaxation, a lot less fuss about getting the cheapest flights or whatever. We generally have three holidays out of that at easter, summer and Xmas with Xmas being the most expensive and Easter the least, to the tune of about 3K, 5K, and 7K. This year we have gone over by about 5K due to having some extra holiday allowance for long service. I have occasionally wondered if it's a bit much so I'm very interested in this thread. I do very much agree that one should prioritise experiences and family time (and if you can only prioritise one it should be family time).

I'm a pensioner and might spend £20k on a holiday, maybe I should start a thread

We don’t have your income OP, ours is probably a joint income of 95k per annum, but we don’t have a mortgage and yet we still spend about 15-20k on holidays each year. It’s no one else’s business what you spend it on and nor is it unreasonable!

Life is for living and if that’s what brings you joy and you aren’t massively in debt as a result, then you do you

What a silly question, it obviously depends on what your outgoings are and if you can afford it. You could have a huge mortgage and school fees to pay.

If we all say no, will you reconsider? No, thought not...🙄

Nobody can answer that without knowing more about your financial position. If you are mortgage free with no dependents and solid investments and pensions then go for it.

If you have a big mortgage, car finance, are self employed with no pension or emergency fund and 2 DC in private school then you would be mad to do so.

I am a high earner in financial services and I have seen people with eye watering lifestyle inflation that leaves them far more financially vulnerable than they should be. On the other hand there are others who can and do spend those sorts of amounts on a single holiday and will barely notice it. It’s not just income that matters but the whole picture.

we love holidays and spend a lot on them. We have similar incomes. I have friends on similar incomes who have a very different attitude to money who go camping and to euro parks who would never ever spend that amount on holdidaya.
each to their own.
some people have expensive hobbies and wouldn’t think twice about spending that on their hobby but would only go on cheap uk breaks.
its really just up to you and your partner what you do with your money.