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

You're spending about 8% of your income on holidays which seems more than reasonable.

We've spent 18% of our net income on holidays this year - 1 week UK with dc, 2 weeks abroad with dc, 1 long weekend abroad just me and dh and a short weekend in the UK just me and dh.

Even with discounted flights I think you are a little optimistic with your budgeting. Maybe if you are only looking at covering travel and accommodation with your budget then it’s doable. But you could easily double it with transfers and food.
Or is your budget per person.

We regularly visited Barbados pre DC, 20 yrs ago, and would pay over 2k for both of us for boutique hotel ( 3*) all inclusive. I’m fairly certain prices have increased.

On a budget of 10k I think I would do one luxury trip of 2wks then lots of long weekend city breaks spread over the year.

Similar income and we spend this on travel probably every other year, and closer to £5k in alternate years. But that’s mostly because we have a dog so don’t do a big holiday every year as we don’t want to leave her.

That sounds like a bargain amount for four weeks of holidays! I'm assuming for a couple, no kids, not school holidays (sorry if I missed that detail).

Our take home is about the same and we've spent £11k on our summer holiday though that's August, Disney, with two kids and includes the first week's food. Spent the same on last year's holiday (St Lucia). £2k for a week in the Caribbean sounds amazing (and would be impossible for us).

I think £11k is a lot but it's justifiable on our income and it's hard to get somewhere long haul and good quality in the school hols for much less unless we hugely compromise on what we actually want.
We usually only have one holiday.
(Doing extra 4 day trip to Europe this year though as it's my big birthday so that will be another £2k including food. So £13k on travel this year.)
If I could get four weeks of holidays for £10k I definitely would do that!

I was going to say the same thing. We earn around £70k and spend £4-5k on holidays per year 😅

EDIT: Though looking at it, I guess that's nearly half of what OP earns and spends. I clearly cannot maths... 😂

@rockgardener I'm assuming the £10k is pp?

I'd love to know where you got SE Asia for £4k, we're finding Vietnam/Cambodia is c.£6-8k each.

We earn about 60k a year and probably spend about 10k on travel. We're in the lucky position that the mortgage is paid off though so don't have that extra expense.

What's the point of earning that much if you don't use it for what you enjoy? Genuinely, what is the point?

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

Wow if you can find these bargains then crack on!

It’s up to you 🤣

The percentage we spend on holidays is higher than yours but we go on fewer. Usually two abroad and maybe a couple of Uk city breaks. Your costs seem very low overall.

I'd be inclined to do more than weekend breaks in the UK but I like exploring my home country and supporting local businesses and communities. I'm also not keen on air travel for environmental reasons.
But I'm not you 😀

100%. We earn £60-70k as a household and we spend similar if not a little more.

Yes, I love travelling snd we spend quite a bit. We don’t spend much on clothes or luxuries and holidays are normally nice self catering apartments with a mix of eating out and cooking at home

Our income is a fraction of that and we spend lots of money on holidays, always have. We don't do long haul these days but now have much longer holidays instead as we're retired. This year 3 European and one UK break between 5-10 nights and 9 weeks away in a block in the Autumn.
Holidays are our thing.

Not unreasonable at all if holidays are your thing. They used to be ours and I earn 1/10 of your salary so obviously the spend was not a fraction of yours. Now horses are dc's thing which rules out any thought of a holiday ever again 😅. You can afford it so go for it. Life is for living!

If I could, I’d spend 50% of our income on travel. Experiences trump material possessions any day in my book.

For the love of God people, read the thread!! OP has points/miles so is paying diddly squat for flights. So budget isn’t all off.

Race Across the World is making me want a big long trip somewhere!

Can you suggest some hotels/ links for these holidays?

Never mind; hadn't read the full thread.

I think you've underestimated the cost of these holidays. Not factored in eating out and trips and entrance fees.

Id spend more. But depends if you have a mortgage, school fees, fancy car etc. string how long

Yes, i would but we are mortgage free and kids adults

But your budgets for 2 are unrealistic, prices are up everywhere. If they are per person then they are realistic

If I had that kind of income and my current outgoing I’d be spending twice that on holidays!

You only live once…make the most of the opportunities you have now.

As a guide this year (I've just booked and was looking at options) Mauritius was about £2400 for 2 b&b, Caribbean was £1800 ai per person, se Asia was £2k per person half board ... all based on 4 star hotels and basic flights. In the end I booked India