Reply to Should I blow my bonus on business class tickets to Europe

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[quote=Anonymous][quote=Anonymous]I know this is a first word problem, but that's what this forum is largely about, right? DH and I are taking the kids(6 and 5) to Europe in the fall. Business class tickets are $20k for the four of us! There is a small one-off bonus coming my way that will be about $15k after taxes. This bonus is unexpected and won't be something that will happen again soon. Would you splurge and spend it on the tickets or would you fly coach. The kids have been to Europe before once and we flew business, but it was half the price. At that time, I thought that business class was worth it because the kids had no jet lag whatsoever. WWYD?[/quote]

We spend 10% of our [i]net HHI[/i] on vacation and family travel and airfare is about ½ of that budget. We travel a lot and it’s mostly first class flights and premium hotel suites. But, the majority of our upgrades into nice seats and suites is due to elite status with airlines and hotels.

If your $20k business class tickets plus all your other travel is causing you to spend more than 10% of your net HHI on travel, I would say you’re spending too much and the splurge isn’t worth it. So, for example, I wouldn’t even dream of spending $20k on an entire year’s worth of travel unless my yearly take home pay was $200k+…and obviously your trip is costing more than this since this is just the airfare component…and only one of many possible trips. [/quote]

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