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Travel Discussion
Reply to "% if income spent on travel"
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[quote=Anonymous][quote=Anonymous]Reviving this thread. HHI is $1M and we spend about $40k/year on travel, or 4% of gross income, for a family of five. There’s a topic on the money board now where I commented and someone said something like “live a little” and I’d love to do more but also want to save sufficiently and live well day to day. Curious about your travel budget relative to HHI.[/quote] Ours is similar in both income and spending - I don't really track it but probably spend about $40k - last year did 2 international trips plus 3 ski trips, several of which involved adult kids. We spend the summer at the beach (working remotely). The beach house is expensive - no mortgage but utilities, maintenance and projects add up. Plus we have a lot of visitors and tend to pay for activities, dinners, etc. so that adds up too. I don't count that as vacation expenses, but if we didn't own the house we would certainly have added rental costs and other costs. We do not travel first class - even international is usually premium economy unless the business class upgrade is reasonable. We could do more but it just doesn't seem like a good use of money to me. And with international travel in particular we prefer boutique hotels/agriturismos, etc. that are usually much less than the big chain hotels.[/quote]
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