Anonymous
Post 01/14/2024 21:32     Subject: % if income spent on travel
Anonymous wrote:
Anonymous wrote:1-2% for family of 5. But HHI between $3M-$14M in recent years.


Where do people making 14 million a year get thr time to post on internet message boards?


We are paying people to do most of the work. Millionaires aren’t paper pushers. Most of my money is passive at this point. Trust me. We have the time.
Anonymous
Post 01/14/2024 20:50     Subject: % if income spent on travel
We’re spending a lot more these days - maybe like 25-30k on 400k? I feel like we can’t take it with us and we don’t have a huge house or want one. We’re not flying business class or anything (though I am considering it for the first time for one specific trip that I think being rested would help). Unfortunately with more than 2 travelers can’t use points - have to use cash.
Anonymous
Post 01/14/2024 18:24     Subject: % if income spent on travel
5%,as well. About 30-35k
Anonymous
Post 01/14/2024 18:19     Subject: % if income spent on travel
Anonymous wrote:1-2% for family of 5. But HHI between $3M-$14M in recent years.


Where do people making 14 million a year get thr time to post on internet message boards?
Anonymous
Post 01/14/2024 18:17     Subject: % if income spent on travel
Anonymous wrote:About 5% of gross. ($15k/$300k)


I think it's more about leftover money. 15k of a 300k income is probably a lot easier to manage than 5k of a100k income
Anonymous
Post 01/14/2024 16:24     Subject: % if income spent on travel
We make 1.6M and spend approx 80k/yr on travel, so 5%
Anonymous
Post 01/14/2024 15:57     Subject: Re:% if income spent on travel
4% gross/7% net is my back of the envelope guess, but it fluctuates.
Anonymous
Post 01/14/2024 14:56     Subject: % if income spent on travel
3-5% on $3m

We spend around 100k per year not including our beach house.
Anonymous
Post 01/14/2024 11:23     Subject: % if income spent on travel
1-2% for family of 5. But HHI between $3M-$14M in recent years.
Anonymous
Post 01/13/2024 22:30     Subject: % if income spent on travel
Anonymous wrote:About 5% of gross. ($15k/$300k)


same here
Anonymous
Post 01/13/2024 20:53     Subject: Re:% if income spent on travel
HHI is $700k and we spend about 5% on vacation travel.
Anonymous
Post 01/13/2024 18:44     Subject: % if income spent on travel
3%. HHI 400K

This year more like 5%-6%, going to Europe for two weeks with the kids.
Anonymous
Post 01/13/2024 18:38     Subject: % if income spent on travel
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.
Anonymous
Post 03/10/2021 18:43     Subject: % if income spent on travel
Anonymous wrote:
Anonymous wrote:Probably about 50% of 250-300k. Not including maintenance on beach house.


Are you retired? How do you spend $125-150k on travel and also spend time at your beach house?


No, early 40s. We spend summer at beach house. We typically fly first class, stay in higher end hotels/resorts (two rooms, one for us one for kid). Do a lot of experiences/private tours/private dinners.
Anonymous
Post 03/10/2021 18:03     Subject: Re:% if income spent on travel
3.5%

All figures based on gross HHI and 2020 to keep the math easy. We traveled before and during the pandemic so spending wasn’t that off. Net figures would certainly be different because we live in NYC and are taxed out the wazoo (and rent is 17% of gross HHI, ugh).