Reply to Would you sacrifice liquid savings to take memorable vacations with teens?

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[quote=Anonymous][quote=Anonymous]Liquid savings yes, retirement savings no.

Money we need for the future goes into savings vehicles that would not be considered liquid. College accounts, retirement accounts -- these don't get touched.

Our liquid savings also include an emergency fund and we'd never raid that.

But just additional savings we have sitting around? Yes the whole point of that is that it is available for large purchases. Spending it on memorable vacations instead of, say, a new kitchen or adding on a deck, is a perfectly valid use. That's what it's for. But we'd also think about it before draining all those funds. Can we replenish it easily? (Usually the answer is yes.). We also might consider if we may have a more pressing expense coming up and be careful about leaving money for that. For instance if your car is getting older, we will sometimes rein in spending a bit so we can just buy a new car for cash when the time comes. I wouldn't want to spend all our liquid savings on travel and then discover this means we have to finance a car, or can't afford to get the EV we planned on.[/quote]

This 1000%!

I wouldn't take a vacation (beyond very basic) if I didn't have 6-9 month EF, savings for any "unexpected" that you actually think you will need in next year (car, H20 Heater, new roof, maintenance on home, etc) put aside, and retirement well on track.  As PP stated, you can do vacations that are memorable for "cheap"

But if you have that done, then yes, spend an extra $2K and splurge on a trip every other year or every 3 years while kids are still home.

However, your days of family vacations are not really over---your college kids and college grads will still go on vacation with you if you pay :-)

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