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

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[quote=Anonymous][quote=Anonymous]OP here. Point taken on college so thanks for that, and I will actually plan to save more money for college but for vacation / travel budgeting purposes you should assume we make $300K and are putting $300 per month away for college and that we are happy with that amount. :)

(We actually make more than $300K with bonuses and commission but the bonus / commission thing drives me crazy for budget reasons so I am trying to set a “safe” number here for planning purposes - but where I will get the extra money to put in for college will come from the overage, if that makes sense.)

And the background is that DH and I differ on how much we should be spending on travel (spoiler - I want to spend more, lol). But at any rate I feel if we had a set amount we wouldn’t quibble as much. [/quote]

It sounds like you could agree to set a percentage of bonuses aside every year for travel.  Put it into a separate account that is vacation only.  If it's not an item taken out of the monthly paycheck, he's probably less likely to care.  I also do things like budget to our take home pay and then set our entire $5k/year Dependent Care FSA aside for travel.  By putting it all into a separate account, you have a set limit to what you can spend per year, but you can also carry over year-to-year.

We're at $250k HHI with 3 kids, so much higher college savings, but otherwise similarish stats and spend ~$10k/year.  It actually varies $6k-$14k, though.
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