Holiday cost as a percentage of income?

[Louderthanblooms]

How much do you spend? And do you try and keep it within a certain budget or percentage of your income? I know, I know, it’s all relevant and different priorities but the reason I ask is because my eldest starts school in September so holiday costs are going to get silly.

The last couple of years, I’ve managed to get absolute bargains, where the four of us have gone away to amazing places for about £2k for the whole family (Europe/ sc/ outside hols for one week) These days are over sadly but it got me thinking, how much do people spend on holidays proportionate to their income. ChatGPT suggested 10% of income, which seems a lot!

we don’t have any debt aside from the mortgage and have savings but I don’t want to raid that for holidays. I would like to save monthly for the next summer hol (or book and pay monthly) but I don’t know what price bracket I should be looking at.

we’d be thinking Europe in summer hols for a week.

thanks!

At least 10% of our joint income before tax. Some years 15%. We are a family of 5 with 2 teens who are usually classed as adults now though so it was cheaper a few years ago!!

This includes accommodation, flights, activities, food and spending money. We usually stay in villas in Greece/Italy so breakfast and lunch at home and dinners out in the evenings. Normally 1 week in summer holidays and 1 week in October half term.

Christ, nowhere near 10% of income! Probably £5-8k over 2-3 trips for three of us - skiing (non-negotiable, I’d stay in a tent if I had to), then usually somewhere cheap in Europe in summer (EuroCamp etc), and a few days self-catering by the beach in the UK (not peak-season St Ives!).

Around 5% of our income. We usually do one week abroad and a couple of long weekends in the UK each year. We have 2 young DCs.

Just calculated that we spend around 8 percent of our net income. This year the four of us did a euro city break for four nights staying in a hotel. Great but crazy expensive. Glad we did it for an experience for the kids but if I am honest I would much rather holiday closer to home. Holidays just don't mean that much to be.

Christ, nowhere near 10% of income! Probably £5-8k over 2-3 trips for three of us - skiing (non-negotiable, I’d stay in a tent if I had to), then usually somewhere cheap in Europe in summer (EuroCamp etc), and a few days self-catering by the beach in the UK (not peak-season St Ives!).

Wow, you get skiing into that budget?

Completely depends on what else is coming out of your income surely. 10% of our net income is £12k, but we probably spend around £3k on our annual big holiday. The rest goes on the mortgage, house renovation and childcare.

Yep! 1 week self-catering in Austria, fly into Munich (return Lufthansa flights for Feb half term currently £450pp) and take the train down. It helps that DH hates skiing so it is usually just me and DS, sharing with DBro and DSIL.