Holiday spending sense check

[rerrr]

Hi, I know holiday spending is personal. But please could someone sense check compared to what they spend etc?

We take home around £85,000 a year after tax. I can't tell if spending on a 3rd overseas holiday of the year would be seen as wasteful/profligate by others. Costs include all food/spending money/experiences.

Trip 1: Cost about £4,000 over two weeks.
Trip 2: Cost about £3,000 over 7 nights.

I am thinking about booking a 3rd trip which will cost around £2,500 for 7 nights.

Does it matter what others think if you take three holidays a year?

We don't have expensive hobbies, are not out every weekend but prefer to go and have lovely trips. Some years twice, then the odd year with three.

As long as my saving accounts are healthy, my pension grows, all bills are paid and I have some spare money for other things, I go on holiday.

We've had 4 holidays this year and earn similar with another booked for August. If you can afford it I don't see the issue.

All that matters is if your own finances can take it!
If your mortgage and bills are paid and you have adequate savings and pensions, holidays all the way.

There are a few major spending groups that you can spend a comfortable disposable income on. Nice furniture/home stuff, regular change of cars, school fees, designer clothes, eating out, expensive hobbies, travel. (Of course there's also cocaine and gambling, but let's stick to "legit" expenditure.)

With your income you can probably spend at a decent level on two of those groups. When our DC were younger and we had that sort of income, we spent money on activities/equipment for them, and travel. Our furniture was mostly from Ikea or second hand, we kept cars 7 or 8 years, we all wore Primark-type clothes, and we ate out once a fortnight. We never worried about what other people might think about our priorities.

I’ve just spent a fortune on 5* seven day holiday abroad. It was fabulous.

I don’t have your income by any stretch but shrouds don’t have pockets so I spent from savings.

Worth every penny.

Go for it. Have a great time making memories.

We used to spend about 25k of a 180k income, now we spend 40k of an 80k income.

If you can afford, why not. I would

I do

Trip 1 3k
Trip 2 5 k
Trip 3 2k

That's 10k

Joint income 85k

If you can afford it and it is what you want to prioritise then what does it matter if others think it is too much? Some people with the same income might think it’s too much, but they are probably spending money on things you would see as wasteful. I don’t think there is a right amount to spend on travel as long as your bills are paid and you aren’t going in to debt to do it.

We have a higher combined income and we prioritise holidays over all other spending. We have windows desperately in need of replacing as well as multiple other jobs in the house that are way overdue, but our kids are fast getting to the age where they won't be holidaying with us so seeing the world is our priority. Zero regrets.

And I should say we have zero debt, mortgage paid off.

We have a higher combined income and we prioritise holidays over all other spending. We have windows desperately in need of replacing as well as multiple other jobs in the house that are way overdue, but our kids are fast getting to the age where they won't be holidaying with us so seeing the world is our priority. Zero regrets.

We have a higher income but can’t afford 10k on holidays however if you are mortgage free can’t you afford a holiday and a few home improvements?!

I earn just over 65k , so take home 47k
£1800 a year pays

• Easter long weekend Europe £350
• 5 days cottage UK in July £600 - my adult kids come to this .
• 7 nights whatever the cheapest all inclusive on easyJet in sept £500

I do the same. We earn a bit less.

One week in June 2k
One week September 4k
One week January 5k

We earn a bit more but spend a total of around 7k on holidays.
We have a mortgage and also like to eat out, buy nice food, days out etc. plus we put money into savings.
We could maybe spend more but it would mean cutting back on home improvements/savings or putting the trips on a credit card which we never do
I think it's finding a balance that you're happy with.
.

We don't live massively frugally otherwise - we do save a decent sum into pensions, and save maybe £15-£20k into longer term savings, mainly for a flat deposit, but we are in no rush at all to buy.