What % of income do you spend?

[custardcreamandtea]

I'm looking at holidays for our family next summer - 2 kids, 2 adults. Europe, prefer all inclusive. And the sums of money being asked make me want to weep. Yes I know things change and I'm tight. But I'm amazed how many friends and colleagues are out abroad enjoying themselves; how do they spend the money?

So my question is, what % of your annual income would you spend on a holiday?

For full disclosure, this year we had a week away for 1% of our income but it was in the UK and self catered so probably nearer 2% when spending money was accounted for.

We holiday cheaply by booking easyjet flights as soon as they come out, staying in cheapish Airbnb's with cooking facilities so we can cook some of the time and using public transport to get around. We have a number of holidays every year as it's something we choose to prioritise. We probably spend 8-10% of our income on holidays - but our mortgage is paid off so we have less out goings than most.

We take a few holidays a year and spend about 8% of our after tax income on them. None of them would be hugely expensive individually.

I guess people have different priorities, mine would be a sun or ski holiday over saving loads for a rainy day.

We are doing a ski holiday so for the summer I’ll keeping costs down by looking at driving to France or northern Spain as the flights are super expensive and staying at a euro camp. I agree booking well in advance is always much cheaper.

In terms of % of income do you mean take home or gross?

We probably spend about 10% of our (after tax) income on holidays. We aren't well off at all, but feel holidays are important and we save hard to usually have 1 abroad holiday and 1 UK break each year. If we had more money, we absolutely would spend more on holidays!! You only live once!

About 30% but we have no mortgage or childcare and holidays are what we spend our time / money on!

I’ve never worked it out.

We prioritise travel over everything and we’re currently child-free so can travel off-peak etc.

At a guess, and if including weekends away (around one a month), I reckon 20% of post-tax income.

No idea on % but we have spent just over 1 months salary, that's just my salary not Inc DH

About 1-2% of gross income, which feels like a lot.

About 7-10%

Thank you to those replying - I do appreciate the disclosure.

Back in pre kid days I'd spend a month's salary and not really think about it. But now... even with a higher than average earning, a month's salary might just about do us a week in Spain, and it just feels like a lot of money for a holiday that's not so luxurious...

I've never worked it out but it's probably a lot, definitely over 20% as a single parent.

However, holidays are important to me and I love them. And I think having worked in a nursing home throughout the first 3 covid waves, my attitude has changed to life in general. Life is too short.

But I avoid expensive AI's and expensive areas ans spend a lot of time getting good deals.

Our holiday spend varies wildly. In relation to income, this year it's over a third of our income but for the previous three years it's been a couple of percent as we've only had short breaks.
However we are fortunate enough to not have to budget for holidays from salary.

Probably around 10-12% including spending money. We have 4-5 holidays per year. this year skiing, Spain at Easter, short city break (Italy), A/I in Greece, a holiday house a few hours from home then centre parcs long weekend. It's only dh and 1dc so some of those holidays we've got free child place.

We're having a week 5* AI in Greece next week for around 4% of annual joint income, for two adults and one teenager. We've probably spent another 2% on a couple's weekend away and a school trip abroad.

About 10-15%
We drive and do self catering

This year probably 2 months net income in total but we booked and paid for the main holiday when I was better paid. It's a lot when you put it like that!

Around 10-15% pre-tax income. It's what we prioritise at the moment

Probably 5-6% including spending money. That’s about our max.

I'm a single parent taking my two children abroad for the first time. I've just worked it out and it's about 9%. We've been on some small cheap camping trips soon too.

We prioritise holidays and activities as PP's have said life is too short and the last few years have given us this shove to travel more.
I appreciate that not everyone is able to do this or even wants to.
Ball park we budget 10% of our annual income for 2 abroad holidays and one UK based holiday per year.
We don't add weekends away into that or nights away- we probably should so we can keep an eye on it!

Looking at what we have booked for the coming years, it’s about $60k a year, which is around 25% of my income (my husband does not work). Holidays are a priority for us. We usually take 2 or 3 big overseas trips plus a few shorter domestic trips each year.

10% of pretax which is about 2 + months' take-home. Definitely more than it should be but I'm using savings.

We go on holiday every month since we retired early at Easter. We spend about 30% of our income on holidays over the year.
We do a mix of long haul, short haul, cruise, campervan, lodges, spa/hotel breaks, motorbike tours, festivals, city breaks, center parcs with the adult dc and gdc etc

@Zipps that sounds wonderful!