Reply to S/O: average family vacation: 3% of your HHI?

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Reply to "S/O: average family vacation: 3% of your HHI?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I guess it depends on your math.  Our family vacations add up to about 14 days per year, which represents about 4% of the year. We're probably right around 3%-5% since we're driving to relatives' homes and going to the supermarket, which isn't so different from the other 96% of the year.[/quote]

Yeah, but you forgot a few things.  (1) taxes,  (2) savings, and (3) school.  You spend way less than that on an average day, because of these three things.[/quote]

I suppose for some.  My overall federal tax rate plus my overall savings rate is less than 10%. We homeschool and vacations present a lot of opportunities for field trips and other fun learning stuff so our vacations look a lot like our other days.[/quote]

See, I would exclude your normal daily costs from your vacation budget. To me, vacation costs are the amount above and beyond what I would normally spend during the same time period. From a budgeting perspective, it's easier for me to think about the "extra" amount when figuring out if we can afford a trip. So in your case, the cost would be the driving expenses plus any admission fees/souvenirs you might buy.

Not that my viewpoint on the method of calculating this is gospel or anything, just putting it out there. My guess is that when a study talks about a percentage that people spend, most people are thinking about expenses above and beyond their normal baseline and not including things like the proportion of their mortgage they're paying while on a trip. [/quote]

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