Travel budget and HHI

[Anonymous]

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Anonymous wrote:We have a similar HHI and older children. I guess your travel budget depends on your fix expenses and disposable income. Our kids are older teens, pre covid we traveled with them 2 to 3 times per year and spent between 5K to 12K per trip, probably totaling 20K-30K per year, depending on the year. I do try to use hotel, credit card and miles to help offset costs.

Recommendations on credit cards for either hotel points or miles?

Not pp, but I get at least $1500 worth of free travel per year using Chase Sapphire Reserve points.

This is my preferred card for travel as well.

This is only worthwhile if you travel a lot, either on. What's the annual fee?

$450 but you get $300 back immediately in travel credit, completely apart from the points.

Also you don’t have to spend the points on travel. You can convert them into Amazon cards or credit towards your bill.

[Anonymous]

HHI around $800k. We try to do 3 trips a year - two weeks at the beach, 1 week skiing. We have three young kids and tend to rent nice large houses, so they are $10k-$15k per week. So call it $45k/year. There are few additional expenses on the beach trips, but skiing is outrageously expensive even for someone in our income bracket. Hard to believe there are so many people paying what they are paying for ski houses in resort towns. There may be a few weekend trips thrown in but not many given our kids ages and the need to travel to see family (free).

[Anonymous]

HHI $260k. Pre-COVID, we spent about $15-20k a year on travel. In 2019, we went on a Caribbean cruise, a California road trip, a weekend at Disneyworld, and a couples weekend in Vermont.

Now, we spend half that. We rent a house at the beach for a week for around $3.5k, add in food, gas, and activities for the week for our family of 5, that's another $1k. Then a few long weekend driving trips, to places like Lancaster or Williamsburg with the family and a trip to NYC or a mountain getaway for DH and I just the two of us.

We also prefer vacation rentals or Airbnbs over hotels now. We've had a couple of bad experiences when the suite we booked wasn't available. In one instance, the hotel tried to charge us the same price as the suite for just 1 regular room.