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

[hangak]

If your combined take home is around £150k a year, is it unreasonable to spend around £15k-£20k on holidays for a year.

This would be a few UK and EU city breaks, plus 2-3 long haul trips.

If you have the money and your bills are paid you can spend your surplus on whatever you want.

We have a similar income and probably spend around £12,000 (one big family holiday and then two smaller UK holidays)

Absolutely not. I'd up it to £100k. Why take budget holidays at that income level? Treat yourself, OP!

You can spend your own money on anything you like. I also value travel a lot so would spend on that rather than designer stuff, gadgets, beauty ect. As long as you’re putting away enough for savings and pensions use the rest to enjoy life - it’s short and precious.

Who is saying you can’t? It doesn't seem a lot when you consider the cost of one family holiday.

Whether it's a good idea really depends on your other expenses, assets and what the money would otherwise go on. But it's your money so up to you.

You'll mostly be told to hoard it on here. Over pay your mortgage, put excess into pension etc, but as a pp said, as long as you are housed and bills paid, with some level of savings, holidays are worth spending on.
The myth on here is that you can keep yourself healthy and at 65 you'll have the energy you have now, but it's a matter of luck. A lot of people are sorry they didn't travel more when they were younger.

Your money, your choice.

What a weird question! Spend your money how you like 🤷‍♀️

We spend similar on a combined income of £100k. We do an annual Florida trip and do all the theme parks which is a big chunk of that. Our mortgage is £1k a month, we don’t have car finance so other than bills and savings that’s our big expense. We love our Florida trips so it’s money well spent in my opinion!

No one knows because no one here knows what your outgoings are.

Of course it’s fine. Do whatever you want.

Our annual income is about £110k and we spend an average of 5k per year on hols (we alternate UK and foreign holidays each year so I’ve worked out an average over 2 years). Our mortgage is big tho.

It all depends on what outgoings you have and how much or a priority holidays are to you. I work with someone obsessed with holidays, has about 4 per year but hates spending on home improvements. Whereas we’re happy with one holiday (uk/europe) per year and one uk weekend away but we do spend on home improvements, furniture upgrades etc.

Is that pre or post tax though? 5k if post tax is very restrained - envious!

We'll be spending a similar percentage of our take home from this year onwards on holidays - up to now we've had house improvements and the mortgage to pay off.

We do a big holiday a year, several city breaks, and a shorter UK holiday a year.

If your bills are paid - spend your money how you like!

For how many people? Two - yep it’s an ok budget - though personally I’d do one expensive long haul rather than two budget ones. Family of four - very tight budget.

Our income is £120k but we are cash poor. 4 children living at home, big mortgage, high bills on a large home, high travel costs because my job involves a big commute.

As a result, we have a £3-4k holiday every 2-3 years. I'd love more, but we can't afford it. If we had a £120k income with a small mortgage, had only 2 kids (so holiday cost are naturally lower) and so on, we might go more.

It does not take much health wise to make it really difficult to get travel insurance as well. So even if you're fine day to day you could be in a position at 65 where pre existing conditions and travel insurance make it impossible to go abroad.

This is a pointless question because everyone has different priorities, needs and wants.
You do what is right for you.
Why do you have you ask the Internet how to spend your money?

I assumed that "envious" is what YOU were aiming for with your OP?

I mean, if you are crippled with debt and live in poverty then it is unreasonable. If you can afford it, then use your money however you see fit.

I spend 20k on holidays every year and me and DH take in 55-60k each (pretax) - if you can afford it then do it

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.

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.

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

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.