If you had a take home of £120k a year… would you spend £10k on travel?

[rockgardener]

We get 5 weeks annual leave a year plus bank holidays. Our take home income is £120k a year.

I want to spend 4 weeks of that abroad and 1 week in the UK. We do most flights in premium economy on points.

Holidays abroad planned are:

2 weeks in South East Asia = £4k
1 week Caribbean = £2k
1 week Mauritius = £2k

UK weekends away = £2k

If you can afford it, why on earth not?!

After eating, housing and education, travel is the very best way to spend money, in my view. I’d much rather see the world than drive a fancy car or live in the biggest house.

Over the next few years, we will spend at least 25k a year on travel. Not to luxury 5* resorts, but to places I dream of exploring with my teens. Japan and Korea, Peru, Namibia, Canada and visiting my best friend in Australia. We work really hard, the bonus fairy is generous most years, so why not?

More. I spend about 20% of my takehome on holidays some years.

Most interesting thing is where you find such cheap holidays?!

I do not understand mumsnet. It isn't ok to have more than 1 kid because think of the environment but it is fine to fly every day

All these comments saying why not...
It isn't reasonable to do all this flying from a climate perspective. One holiday abroad is enough and a luxury the world couldn't support everyone having. More than 2 is excessive

Why not?
Because it is excessive. How about spending some of your money looking after our beautiful world instead of destroying it

Our income is about 250k euro before tax and we spend about 30k a year on luxury summer , skiing , theme park breaks and theatre trips to London. We live in Dublin.

No mortgage but have 5 teens , two at university but live at home .

We probably spend too much on travel and should spend more on house improvements but travel always wins !!!

Don't splurge on anything else . Enjoy your holidays , OP !

I go to Mauritius every year - where are you getting a holiday for two for £2k? The accommodation will either be dire or it's per person..

Is this just for two and outside school holidays? Flights to East Asian is nearly £4k for four of us.

But it’s not an unreasonable amount to spend given the price of accommodation and flights. It’s easy to need £10k just for 2 holidays.

You are looking at the wrong figure.

How much is left over after mortgage, food, council tax, food etc?

Of what is left over,

How much do you want to spend on clothes, house, entertainment?

How much do you want to invest in pension and savings?

There isn’t a right answer, but the point is to be aware of the choices you are making.

This. We went to Mauritius and it was easily 10k alone. But went in the height of summer there. 2 adults, 2 kids.

We have a household income of approximately £140k per year. We are both from very difficult and poor backgrounds. Prior to 2017 we would have one or two holidays a year, generally something in the uk and an all inclusive in the med. also at that point our household income was probably about 90k per year.

my mum died in feb 2017 aged 57 completely unexpectedly. She had been to Spain once. I literally live now with the motto “you only live once”. I want to see the world and take DD to places I could only dream of as a child. We need to do our house up but each time I start to plan that, I end up booking another holiday.

sensible head tells me to save for a rainy day……wild head says I could drop down dead tomorrow.
if you can afford it then see the world, you are here living this life once.

We do.
But we have no mortgage or other debts.

OP I struggle to see how the budget you have allocated buys you these holidays. Are you sure the numbers are realistic?
Assuming you don't have children so you've budgeted for two people, still £2K holiday in the Caribbean 'all in' sounds ambitious.

You are doubling your wages and doubling the cost of your holidays!

I wouldn't spend £10k - I would be (as I do now but with far less money than you) saving and investing as much as possible to retire as early as possible. With your kind of money I'd do the two-week long haul trip, but cut a lot out from the UK weekends and the other two holidays. Even leaving aside money, I'd want a bit more down-time at home than you have planned.

Personally no, I wouldn't because of the very significant impact on the climate made by air travel, in which the worst offender is long haul flights for short stays.

What would you actually lose by doing two weeks in the Caribbean this year and two weeks in the Maldives next year? Apart from bragging points on Mumsnet?

If I had spare cash I wouldn’t be sitting in economy for long haul flights

What would you actually lose by doing two weeks in the Caribbean this year and two weeks in the Maldives next year?

What would she lose? Two weeks in the Maldives this year....?

No way would I only spend 10% of my income on holidays. And with your income, no way would I go to the Maldives and only spend £2k. I'd up the luxury if I were you op.

Actually, I see the OP is planning one week in Mauritius and one in the Caribbean, plus the other destination. My bad.

But thanks for letting me elaborate. Serially flying thousands of miles to tick off seven day stays in paradise islands like Pokemon cards while those same islands sink forever below the rising seas and their biodiversity and species are irrevocably wiped out is not all win.

Clear enough?

2k for a week in the Caribbean? For 2 people?

I never understand posts like this. If you can afford it and want to then go?

Why do you need to seek approval or otherwise on how you spend your money?

@JennyForeigner sounds lush though.

I don't understand the point of your post.

It's your money, you can spend it however you see fit. You don't need approval from random people on an internet forum surely?

Wow. High earners needing to ask these questions.