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?

This. You only live once.
I save a lot into my savings so i can go on holiday 2-3 times a year.

When I say about money being tight, I’m talking about having nothing left. Rather than little.

It depends on circumstances. Is your job relatively stable? Are you a dual income household? Do you foresee any major expenses coming up? Are you insured for emergencies (need less available)?

Totally up to you, some people with £5K of debt would happily bung another £2K on their credit card to go on holiday.

After reading your original post and all subsequent ones, it sounds like you financially can afford it and return to your savings amount in a short space of time.

I get how you feel though. I got a new job 8 months ago with a significant pay rise, this meant I could have a substantial budget for both savings and a holiday fund. Yet now I feel guilt of spending my holiday fund. I’ve spent some, but about 50% of what I’d allocated. It’s definitely a mindset and one I need to somewhat adjust too.

£33k is a massive amount in savings!!

I don’t know anyone that has that amount.

So yes go on the holiday!! 😁😁

Where are you wanting to go?

Up to you

Yes I agree, when you grow up with very little money it’s natural to not want to ‘waste’ it and feel guilty for doing so.

You're comfortably off seemingly
Do what you want.

I think depends on the holiday in my opinion. Visiting somewhere with an event that is rare or you might not be able to get to otherwise would be a definite yes for me.

That’s what savings are for

to be used on something nice

or in extreme you die and never enjoy spending them and go to your dc etc

What are savings for if not for fun experiences! Go for it! And, enjoy!!

Sounds to me like you would be striking a nice balance between enjoying life now and planning for your future.

Eh? I'm pretty sure that most people who do go on holiday don't have £35k in savings. This thread is weird.

I think you are being entirely sensible, you have a healthy balance.

if your holiday was in say 8 months, it would effectively be the same as paying for it monthly.

I add an amount to my savings every months for my holiday fund then usually use my bonus for the two main holidays. Put too much away this year into savings whilst I was deciding & I fully understand that mental wrestle you will have been having.

saw you have booked & hope you have the most fabulous time

Of course it’s fine. You’re a long time dead.

Agreed. I really don’t understand people who save 10’000’s and are ridiculously strict about touching the money. Completely different if it’s for a purpose requiring large amounts I.e house renovations but to just “have” money for the sake of savings I really don’t get. You could drop down dead next week with £35,000 in the bank and having had missed out on amazing life experiences. With that amount I’d be booking at least £10,000 worth of amazing holidays, and a few city breaks! Enjoy OP!

I can replace it over 6-8months

Then what the heck is the issue? Enjoy it while you can, you get one life.

If you can and want to build up your savings again then after this holiday then do it. It’s not a huge amount for a holiday.

Do it!! In fact take double that and have a great holiday...you never know what could happen tomorrow. Enjoy a little of your money and make some memories.

Sorry if you think thats morbid, but im all for living for today. ❤️

I wouldn’t hesitate for a second. It’s a small percentage of overall savings. We have base savings then spend savings (savings for treats like holidays/new bathroom etc). Base savings is £20k and anything over is for nice things to enjoy life.

As pervious people have said, go for it!
You don’t know what’s around the corner…
Enjoy every minute!

In which case you’d be unreasonable not to. Life is for living.

I can pretty much guarantee you that 99% of people at your stage in life who spend £2k on a holiday don’t have £35k in savings!

Yes, I had an uncle who lived a frugal life, and surprised us all when he died when he had £200k squirrelled away in savings (he had a works pensions so wasn’t drawing down on it to live).

Be sensible, yes, but don’t be an Ebenezer Scrooge.

My dd was saving and saving and saving, postponing a holiday because he was very young. Very young he had a stroke and we took him on holiday, but it was a nightmare, nobody enjoyed it, least of all he. If you said 'I spent 2K out of my 35K savings on a designer bag', I would have said you were stupid. But a holiday!!!!! I hope you will enjoy it tremendously and after you return you will say to yourself 'how did I even think I should not go, thank God I went!'