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.

Depends how much your other outgoings are, what disposable income you have left over after all bills are paid, how much you're saving, what your pension pot holds and how well you're insured in case of death or illness.

I earn more than your combined income myself plus DH has a reasonable salary on top. We have no mortgage.

I’ve never spent anything approaching the amount you state on holidays in a single year, not even close.

It’s totally irrelevant though as I can assure you some of my other spending would probably horrify you. It’s all a matter of choice. Do I spend 20k pa on something that I enjoy in my leisure time? Yes I do and probably quite a bit more if I added it all up, it’s just not holidays.

Eurgh! I so wish we earned more 🤣 Combined 6-figure income but not much left over for holidays.

Good for you enjoying your money ☺️ Would love to know what you're spending £20k on in your leisure time!

Ours is 130k and we spend 5k on holidays. But we have small children and I think anything more would be a waste of money plus DH is obsessed with getting the mortgage down and adding to their Isas.

Not unreasonable - it’s your money do as you please ! Interesting though , we’re on about £175k combined ($315k Canadian ) and we definately don’t spend near that amount ! However we have a house with a pool so summer is mainly spent in our own back yard and we have lakes and can do a trip to Mexico , USA such as Florida etc pretty cheap ! Even so I couldn’t spend that much on holidays personally but we do plenty of nice trips ! Current focus is overpaying mortgage and investing !

Me and dh bring in about 34 grand a year between us as I am disabled and can’t work. But I get pip and esa (I have up to 20 seizures a week and also hyper mobility).
we manage a holiday abroad and a holiday in the uk plus a few little trips. DH has MS so he has had to take a less well paid but a lot less stress job.

We pay for DD to do 3 sports one of which the equipment is quite expensive. We also treat ourselves to the odd concert or musical.

however our mortgage low on a small house as thank god with decided not to stretch ourselves when we bought it. We don’t drink, don’t go out for expensive meals and don’t wear expensive clothes. We also live in the north which is much cheaper. We have a decent car but never buy new and not on finance and then we run it into the ground.

my friend and her partner brings in over 150 grand a year live in a massive house with a huge mortgage, are always out for expensive meals and have at least 3 holiday abroad a year. 2 new flash cars on finance. She collects expensive handbags and some kind of expensive stuff bears. Would not dream of shopping in primary for clothes or even a supermarket for clothes. Has umpteen pairs of designer shoes and uses one of the most expensive perfume that made my eyes water when she told me how much. she has these expensive facials every month that are meant to rejuvenate the skin. Also Botox and lip fillers ever so often.

Her DH plays golf and is quite often away on golf trips.

If there is any big event on they are there. They are off to Wembley to see Bon Jovi and making a week of it in London.

Yet they say they are always broke and live month to month. They even run out of money and have to ask her parents.

so it’s all relative.

Be honest - are you just posting to brag?

I have travelled business on long-haul for work and it’s lovely and comfortable, but although I could afford it, I could never justify it to myself for a personal holiday. I have looked previously and all that sticks in my mind is ‘this extra £3-4k for business (across 2 people) could pay for another holiday!’.

Each to their own though. We all have different priorities.

Why do you need to ask strangers? Draw up a budget or get a financial advisor!

If we had a take home income of 150k we would spend significantly more on holidays then that so no yanbu

Our household take home pay is less than yours, but we spend similar on holidays, some years it's probably more than that. We usually do more cultural trips and travel is hugely important to me. We forgo shiny new cars, and make it a priority. We also have savings so I feel it's fine.

Slightly lower income, similar spend

Our mortgage is paid, we are not into tech or designer stuff; holidays and days out are our biggest indulgences

Sure we've flown business class on business. And for years we went economy even on long haul but I'm done with that now! My body cannot cope with it. When you get to the point where your legs and ankles swell up so much they feel like they are about to explode, your back aches, your legs ache and every second on the plane feels like a mild form of torture. When you reach your destination unable to rest them properly because you like to get out and about and enjoy your holiday it becomes a choice - can we afford to fly business on long haul or shall we stay closer to home? We can afford to fly business.

We spend around £9K on a household income of £90K so no this isn't unreasonable to me

I don’t think 10% of your income is a lot to spend on holidays a year. I’m only
part time and hubby full time our take home is like a third of yours and we spend about 5/6k a year on holidays.

it’s all relevant though as some people with that sort of income will have massive mortgages, school fees, expensive cars etc. Everyone’s holiday expectations/standards are different too. We’ve also done Disney, obviously that was more than we would usually spend on a holiday but we saved for it for a couple of years and had some really budget holidays while we saved. Everyone’s priorities are different too. Holidays are important to me so I’ll give up on other things to make a holiday happen!

That’s about our holiday budget on similar income.

And to combat other pushbacks, we also have £2.2k going into pensions, £1k to savings/investments/mortgage over payment plus separate savings for a new car.

Our annual income is around £190k and we go on 2/3 abroad holidays. A few mini breaks with friends & family and then maybe a week in the UK. We spend around £15/20k but live in London so other expense are high.

Working it out as a % is the most helpful way. Normally we spend about 10% of joint income.
2027 I'm alone spending about 35% of my income on one trip!
Of course it's not coming out of my wage, I've savings for this once in a decade treat.

Stealth boast of the highest order.

I don’t think % is very helpful in this case. If you’re living hand to mouth, spending 10% of joint income isn’t going to be feasible but if you’re well off and have all essentials easily covered you might be able to treat, say, 70% of income as discretionary spending and put almost all of that towards holidays if that’s what you want to do (or none if you’re a homebody that likes to splash your cash in other ways).

If someone is asking about discretionary spending, and budgets in this way, then they must have some discretion and are not living hand to mouth? Also, nowhere in the uk (assuming that’s where they are) is anyone living hand to mouth on take home of £150k.