Reply to Advice on annual travel budget with HHI of 300K?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Are you saving for college?[/quote]

Yes. I think about $300/mo ($100 per month per child). [/quote]

NP here.  That's not nearly enough, especially considering that you have a HHI of $300k.  If that's all you're saving, then the right answer for your vacation budget is $0.[/quote]

Fair point. What is everyone else saving for college? I double checked, and that is correct that our monthly contribution is $100 per kid. We do put other money in there from time to time. The oldest is almost 9, with $20K in that account now. Grandparents have said they want to help too but I haven’t pinned them down on more specific details.

We are doing our mortgage on a 15 year plan, so it should be paid off about the same time the oldest would start college if that matters. [/quote]

At $100/month, you'll have in the neighborhood of $50k per kid, assuming 18 years of savings.  We're shooting for between 2 and 3 times that.

With HHI around $250k, we spend about $10k per year on leisure travel.
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