AIBU to spend £2k of £35k savings on a holiday?

[Ladygregory1]

AIBU to think if you have 35k in savings that it’s ok to use 2k towards a holiday?

If I had 35k in savings I’d be spending 10k and going to Disney 😂 I don’t, so I’m spending 2k on a more basic holiday!!
i think it’s fine to spend any amount on a holiday as long as you are able to afford it!

I would absolutely do that. Id also be more likely to do what @Rockandgrohl said and spend 10k on Disney.

Holidays, days out and things that create memories are far more important to me than material things. So if I can afford it, then I am booking it.

If the owner of the savings feels they are comfortable with the amount they currently have, sure.

All very subjective really. The typical rule of thumb is keeping 3-6 months expenses.

I have long-term ‘saving for the future’ savings, into which I wouldn’t dip unless there was a total catastrophe. Definitely not for a holiday.

I also have some cash savings which are for the purpose of spending when something comes up I want to do.

Are they your savings, or someone else’s?

Absolutely, and then I’d take another two grand and go on another holiday. Unless you are saving for something major like a loft conversion go and enjoy yourself. Live a little!

Yes my savings, I have cash flowed another 2k throughout the year. But I’m paying the balance now and taking it from savings. I will be putting it back in over the next 6-8months

I guess it depends on if you are saving for something specific, and if it’s joint rather than just your savings account.

Not saving for anything specific at all. They are my savings.

Depends on your reasons for saving. I wouldn't raid my retirement savings for a holiday but if money had built up in my current account, I would definitely spend £2k on a holiday. That's a nice, sensible, modest amount.

If you want to, yes.
Is someone saying you shouldnt?

Just seen you answered my question as I posted. Yes, I’d splash out on a holiday. It’s pointless just saving up for your future and never really enjoying your present.

It’s not really retirement savings. I’m nowhere near retirement age it’s just savings. rainy day fund or big emergency fund, job loss fund etc. I just thought it would be easier to take the 2K out of it and now I feel a bit bad.

It depends how long it has taken to save the £2k. 6 months - definitely. 6 years - no way

🤣 the other half of me is saying I shouldn’t be doing it

It depends on a few factors, but it would probably take me 6 to 8 months. Less if I didn’t do other activities.

It depends how quickly you can replace the £2k. But in general, no, I wouldn't spend that percentage of my savings on a holiday.

It depends on what stage of life you are at and if they have any chance of being replaced. On a general level fine but it may be more nuanced than that.

Then it sounds entirely reasonable.

Saving and spending is a balance - but you sound as though you are responsible about it.

Lifes for living, as they say.

Too many variables.

If you’re saving money each month so won’t take long to replace this, have a steady job with low risk of job loss, secure housing etc that’s one thing.

If you’re on low wages, precarious employment and housing, struggle to keep head above water, that’s different.

If you’re able to save money regularly I would suggest putting into various pots - long term savings, medium term for specific things such as replacing household appliances, work to the house, and shorter term savings that can be used to save for holidays, new clothes, Christmas etc. then you can have a pot you can use guilt free without risking your longer term needs.

I think if you have to ask MN then you aren't sure stating the obvious l know .
How are you going to feel seeing it gone , that's what l would think about .

I spent £3k on a holiday this year on my interest free credit card and I have no savings so you crack on! 😂🙈

can I ask why? I do feel it’s the wrong thing to do but I can replace it over 6-8months

Not on a low wage, secure employment, own my own home and overpay on the mortgage etc.

If you are young, healthy, steady employment..
Go on the holiday. You’ve earned it!

well it’s done now and I feel guilty 🤣🤣

Healthy and in steady employment yes. I’m 40…is that young? 😅