Holiday spend annually

[popsickle555]

I’m interested to know what percentage of your gross annual income approximately you spend on holidays (if any).

As a family of 4 (DCs both under 10 but over 2 so no free flights). Our income varies a bit as we are self employed but generally our income is approx 140-160k per year in total. Clearly we are not poor but obviously have bills and plenty of outgoings.

Pre covid our income was about the same and we spent about 10-12k a year on holidays (so less than 10% of gross income). We took a hit in covid and travelled less so probably spent more like 3-5k on weekends away / U.K. breaks for the last couple of years. This is travel, accommodation and spending money for all of us included. Holidays seem extortionate now compared to pre covid and I’m trying to set a ‘budget’ we can stick to. We both love to travel and it’s important to us but with the cost of living increasing i am wondering whether it’s the thing we need to cut back on.

How much do people spend on holidays as a percentage of your annual income on average and do you plan to continue doing so?

We did a big trip 5 years ago for a month to Australia and it cost us less than £10k with all spending money, some internal flights, loads of trips and some nice accommodation (and some staying with friends). I feel like it would cost us double that now!

About 5% but there’s only 2 of us and we’re not tied to school holidays. Costs are going up though so we’re getting a lot less than we used to!

for that budget (c.£6k) this year we’ve done:
2 Eu city breaks
a week on the beach in Spain
a UK week country break
Xmas markets in EU in December.

The main difference we’ve noticed is spending money - we’re spending a lot more than we used to (eg beers in France were 7 euros in a lot of places). Because of this, we might look at all inclusive next year as it’s more of a fixed cost.

We have a similar income overall and spend much less, but we're on a holiday that cost 4K, first 'proper' holiday in three years though! We've had a couple of holidays in Norfolk and Scotland over that time. I would spend nothing on holidays if it was up to me, but maybe that's because of young kids and the stress of it all.

Yes I agree it's the spending money when away that has increased a lot. I have also found ski holidays are just unbelievable now price wise. We used to go but I think that will be a once every 3 years one now if lucky.

We used to spend 20k a year on holidays and earned 189k before tax.
We retired this year and now spend 20k a year from a 75k pension. This is the first year the holiday budget will be just be used for my DH and I and not our Young adult DC as well as it had been in previous years. I can’t see this amount be reduced in the near future.

Holidays are important to us. We are mortgage free (inheritance) so that gives us much more freedom. Currently spend around 15% of our income on holidays (12 mini-breaks in the UK and 3 holidays overseas).

About 10%, our income is less than yours. Holidays are important to us.

Zero. I've not had a holiday for 7yrs! 😭

I don't have a set budget to stick to. Holidays usually come out of savings.

Last year only spent out 3k on a holiday (just me as kids are all adults). This year has been more expensive so far at 7k.

I earn 55k

Pre covid, probably roughly 10% (of significantly higher overall pot).

Since covid, there hasn't been either the time or opportunity (work has been mentally busy for both of us - I have 45 days of my leave for this year still to use having taken my "summer holiday" (of 1 week), as I had so much carried over from last year). So we have probably reduced to 4% at most (of a smaller pot - DH moved to public sector so salary dropped 40%) this year.

I want to take another break this year if possible - it may just be making use of a house within the family for some quiet time though, so the cost of nice groceries for the time away, petrol to get there and a gift (probably a box of wine or similar) to leave behind to say thank you. As hotels are extremely busy and hard to get bookings and flights are just too chaotic and uncertain for a break of just a few days. As well as funds.

Holidays had always been important to us. It's just current circumstances impinging on them at the moment.