Annual Vacation Budget

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pop77
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Annual Vacation Budget

Postby pop77 » Fri Jan 06, 2017 8:14 am

What is your average annual budget/spending for vacations (Family of 2-4)?
I am trying to step up a little bit on my vacation spending (live a little!) but do want to spend too much. Currently I am thinking 8-10k for three people.

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kybourbon
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Re: Annual Vacation Budget

Postby kybourbon » Fri Jan 06, 2017 8:21 am

20K for family of four. We usually do about 2 big trips per year and 3-4 smaller trips. When we don't take our kids, 4 and 2, there is a substantial cost for child care, which may not be reflected entirely in the 20K.

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smartinwate
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Re: Annual Vacation Budget

Postby smartinwate » Fri Jan 06, 2017 8:41 am

Up to now DW and I have typically aimed for a "big vacation" in the fall for about $6k (which buys seven nights on a Caribbean all-inclusive beach with air travel), plus minor getaways (one or two nights) scattered through the year. Having just retired (three days ago!!), my schedule is now a bit more accomodating :D , so we're looking at a bit more wide-ranging travel, for which I'm budgeting around $18k.
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Grt2bOutdoors
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Re: Annual Vacation Budget

Postby Grt2bOutdoors » Fri Jan 06, 2017 8:49 am

Those numbers are huge. When two Roth IRA's can be funded for $11K, the posts so far are talking about spending a similar amount.
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rrppve
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Re: Annual Vacation Budget

Postby rrppve » Fri Jan 06, 2017 8:50 am

$5-10k per vacation usually a week long. We usually take 3 per year based on school schedule. Driving to vacation spot cuts down the price, but flying during the Holidays increases it.

Scotttheking
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Re: Annual Vacation Budget

Postby Scotttheking » Fri Jan 06, 2017 8:57 am

10-20k for two.

Random Poster
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Re: Annual Vacation Budget

Postby Random Poster » Fri Jan 06, 2017 8:57 am

I've found that, for 2 people taking a driving vacation, we average around $250 a night, which includes hotel, food, fuel, and shopping.

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DaftInvestor
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Re: Annual Vacation Budget

Postby DaftInvestor » Fri Jan 06, 2017 9:04 am

Grt2bOutdoors wrote:Those numbers are huge. When two Roth IRA's can be funded for $11K, the posts so far are talking about spending a similar amount.


The numbers aren't huge to people who have household incomes of $400K or greater - its all relative. Perhaps the question would have been better presented as a percentage of income or something.

In our case it has varied greatly - there have been years were we have spent $30K (European cruise for 4 plus a secondary domestic vacation) and years we we have limited it down to just under a couple of thousand (Domestic only travel using frequent flier miles for flights; hotel-points; and car points - only meals out and entertainment had to be paid for).

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PhysicianOnFIRE
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Re: Annual Vacation Budget

Postby PhysicianOnFIRE » Fri Jan 06, 2017 9:22 am

It varies, but I would say $5k to $10k per year. Family of 4. We're big on travel, but like to stretch our travel dollars.

We like to take one big trip as a family -- last year a Disney cruise, this year France & Iceland. We also take at least one couples trip to give the Grandparents quality time with their Grandkids :D

Additional trips for CME conferences in which we only pay for my wife's airfare plus entertainment and some meals. I only count what we spend for her; my airfare and our lodging is reimbursed by my employer.

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Jack FFR1846
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Re: Annual Vacation Budget

Postby Jack FFR1846 » Fri Jan 06, 2017 9:27 am

$500

Mostly day trips for us. We may go to Aruba this year which will be expensive for airfare but my mom has a huge timeshare where we'll be able to stay. Hmmmm.....quad rental, Harley rental, maybe a Jeep for a week.... one passport to re-up. If we do go, it'll probably be $5k total.
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bigred77
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Re: Annual Vacation Budget

Postby bigred77 » Fri Jan 06, 2017 9:29 am

2 People... We set aside 5k per year specifically for travel but probably double that with actual travel expenses.

We typically do a big 2/3 week international trip every summer. Usually do another smaller 3-4 day weekend domestic trip per year as well.

10k represents about 5.5% of our gross income.

ponyboy
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Re: Annual Vacation Budget

Postby ponyboy » Fri Jan 06, 2017 9:32 am

Last year it was around $10k...for 2 of us.

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MikeWillRetire
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Re: Annual Vacation Budget

Postby MikeWillRetire » Fri Jan 06, 2017 9:35 am

$5k for four people. One vacation per year. Represents about 2.5% of gross pay.

AlohaJoe
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Re: Annual Vacation Budget

Postby AlohaJoe » Fri Jan 06, 2017 9:41 am

$12,000 for 2. I aim for one trip per month, though I don't always reach my quota; travelling in Asia is substantially cheaper than most places.

22twain
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Re: Annual Vacation Budget

Postby 22twain » Fri Jan 06, 2017 9:55 am

We don't do resort vacations. Our style is domestic road trips and an occasional budget-style European trip where we spend about a third of the time staying with friends. Usually about 2-3 weeks for $2K-3K, 2 people, once per year.

Now that I'm completely retired, I'll take more short solo hobby-related trips which will vary a lot depending on how far I go. Last summer I spent a bit over a week in Portland for about $2.5K including airfare and hobby expenses. That felt like a splurge for me. Later this month I'll do 3-4 days in Atlanta which is within a day's driving distance, probably about $500.

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unclescrooge
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Re: Annual Vacation Budget

Postby unclescrooge » Fri Jan 06, 2017 9:59 am

Less than 2% of annual household income.

But we live in Socal, so we got to the beach twice a month, which feels like a vacation.

MtS1979
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Re: Annual Vacation Budget

Postby MtS1979 » Fri Jan 06, 2017 10:21 am

For a family of 3, 5% of gross. One or two flights per year.

mw1739
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Re: Annual Vacation Budget

Postby mw1739 » Fri Jan 06, 2017 10:24 am

Family of 4 - roughly $10k last year this year is looking like it will be maybe $7-8k. We like to do 1 family trip, 1 adult trip and 1 trip with extended family each year. The extended family vacation usually costs very little as lodging/meals etc. are covered.

Ron Ronnerson
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Re: Annual Vacation Budget

Postby Ron Ronnerson » Fri Jan 06, 2017 10:24 am

It is currently about 1% of our budget (income is $145k). We mostly travel using points or inexpensively by driving and staying at a VRBO or with family/friends. Recent trips for our family of three have included Disneyland, Maui, Las Vegas, and Sonoma.

We do spend more than $1500/year on travel but the cost is mostly covered by points.

blinx77
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Re: Annual Vacation Budget

Postby blinx77 » Fri Jan 06, 2017 10:39 am

Last year, somewhere between $2,500-$3,000 for a family of four (but this budget includes springing for an extra bedroom for my FIL). This gets you rent plus spending money for a week at the beach in September at an East Coast beach town. This year we may up that by $500 to stay somewhere nicer / with a beach view. But we may not pay for FIL's lodging so may be a wash.

This is at least $1,000 cheaper than going during prime season (i.e., when school is out) and the weather is nicer. It's a great option with little kids. It's also probably $500 or so more expensive than driving to North Carolina but given car trip time + gas money + car depreciation staying close makes more sense.

With a one year old and a three year old it's about as much as I want to vacation anyways. Vacationing with little kids can be HARD. Sometimes hanging out at the house is easier.

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leonidas
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Re: Annual Vacation Budget

Postby leonidas » Fri Jan 06, 2017 10:45 am

Family of 4 about 10k a year. We usually do one big trip in the summer. Last year my wife and kids spent the entire summer in Greece with her mother and I came for the last 2 weeks. Saved a ton on hotels that way. Most years its 8-9 days in the Caribbean or Mexico. We do lots of day trips too, like Atlantic City or a weekend in Ocean city.

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White Coat Investor
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Re: Annual Vacation Budget

Postby White Coat Investor » Fri Jan 06, 2017 10:49 am

We spend a lot, but we go on vacation more than most and thankfully make more than most.

Some vacations are pretty cheap- we did a 5 day backpacking trip for a couple hundred bucks. Others are not. A week in Belize for DW and I ran about $5K. The most expensive trip this year will be Japan. I shudder to think what that will cost for a family of six, but it's certainly more than Roth IRA contributions.
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ddunca1944
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Re: Annual Vacation Budget

Postby ddunca1944 » Fri Jan 06, 2017 10:50 am

We are a retired couple. We live on pension/SS income and spend our RMDs on one international trip a year 3-4 weeks long. Around $20K

surfstar
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Re: Annual Vacation Budget

Postby surfstar » Fri Jan 06, 2017 11:02 am

Grt2bOutdoors wrote:Those numbers are huge. When two Roth IRA's can be funded for $11K, the posts so far are talking about spending a similar amount.


I'm with you! :sharebeer

The majority of our vacations are camping based, though, which makes them as cheap as staying home, just with some gas expense thrown in.
SCUBA costs a bit more (we have world class diving locally, though at the Channel Islands, so still not too bad) and any travel that involves planes and hotels, we usually have points to use.

So for 2 people we can "vacation" for very little, for the most part.
Its very worthwhile, as it more a matter of time off / scheduling vs "do we have the money" to do something.

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Re: Annual Vacation Budget

Postby Rupert » Fri Jan 06, 2017 11:14 am

pop77 wrote:What is your average annual budget/spending for vacations (Family of 2-4)?
I am trying to step up a little bit on my vacation spending (live a little!) but do want to spend too much. Currently I am thinking 8-10k for three people.


Without knowing your income and our incomes, the responses to your question are going to be pretty meaningless. 8-10k for 3 people is a lot if your family income is $80,000 a year. It's a drop in the bucket if you're a two-doctor family bringing in $500k+ per year.

searhapsody
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Re: Annual Vacation Budget

Postby searhapsody » Fri Jan 06, 2017 11:16 am

I just looked and last year we spent $10K on travel for our household of 2. That is probably lower than normal as life circumstances meant we only got in one real vacation together and the rest of our trips were domestic visits to our families.

The previous year was $21,000 including our honeymoon.

We don't budget travel as it is our only luxury. Typically I like to do one international trip with my husband and one with my mom, and don't really count the trips to see friends and family throughout the country.

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TomatoTomahto
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Re: Annual Vacation Budget

Postby TomatoTomahto » Fri Jan 06, 2017 11:21 am

White Coat Investor wrote:We spend a lot, but we go on vacation more than most and thankfully make more than most.

Some vacations are pretty cheap- we did a 5 day backpacking trip for a couple hundred bucks. Others are not. A week in Belize for DW and I ran about $5K. The most expensive trip this year will be Japan. I shudder to think what that will cost for a family of six, but it's certainly more than Roth IRA contributions.


For a number of reasons (school schedules, new job for DW, etc.), we haven't had a real vacation in 2.5 years. We decided to go to Grand Cayman. For 8 days, we spent ~ 35k, which is more than we usually spend. DW was concerned about the expenditure, but I told her that our portfolio (55/45) went up more than that the first market day after our return. This is a new corrolary to Livesoft's rule about spending on automobiles: you can spend as much on a vacation as your portfolio goes up (or down) on any day in the month before or after your vacation.

I worry about spending on things that are not in my core values: education and safety. I am adding experiences to the exempt category. We did not have an experience like we did on safari or the Galapagos, but eating great meals with some great family on great beaches counts also. I think we will go back to taking 2 or more vacations a year.

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Re: Annual Vacation Budget

Postby Da5id » Fri Jan 06, 2017 11:24 am

pop77 wrote:What is your average annual budget/spending for vacations (Family of 2-4)?
I am trying to step up a little bit on my vacation spending (live a little!) but do want to spend too much. Currently I am thinking 8-10k for three people.


Other than to keep up with the Jones, why do you care what others are spending? Really, not clear it is useful info. You know how much disposable income you have after saving "enough", and you know your priorities. Why would input from others on bogleheads help clarify those factors?

That said, our family vacations have ranged hugely. Last year was about 4K for a shortish cruise including flights, the two years prior were 12-14K (Europe and Alaska trips). This year will be about 4K, but if you throw in the value of points used for hotels/flights more like 7K I'd guess.

jerkstore
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Re: Annual Vacation Budget

Postby jerkstore » Fri Jan 06, 2017 11:52 am

obviously the replies will skew toward higher dollars as the posters will generally be people that enjoy travel. many people to do not take annual vacations and certainly don't have an annual vacation budget....those readers will lay back and read in :shock:

that said -
family of 5 that has averaged 2 week long trips per year. typically fly one and drive one. total $8-12k and spend frugally, imo.

we set savings goals, and then spend as we please. and we please to vacation rather than update the kitchen, acquire toys, et al.

rgs92
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Re: Annual Vacation Budget

Postby rgs92 » Fri Jan 06, 2017 11:55 am

Zero dollars. I'd rather spend it on a nice car; at least it doesn't depreciate as quickly as a vacation (which goes to zero as soon as you get home).
I notice here that spending a lot on a car is often disparaged, but vacation spending seems more popular. Why is one more wasteful than the other?
Last edited by rgs92 on Fri Jan 06, 2017 12:16 pm, edited 1 time in total.

rockonhumblepie
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Re: Annual Vacation Budget

Postby rockonhumblepie » Fri Jan 06, 2017 11:56 am

We take a warm weather vacation every other year for 4k. Maui from Seattle for three of us for 12 nights. Airline miles and VRBO condo.
Staycation around $150. a day local trips in mountains or to see family. Only eating out once a day is the deal. We pack food in cooler and suitcase. rockon' 8-)

SouthernCPA
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Re: Annual Vacation Budget

Postby SouthernCPA » Fri Jan 06, 2017 12:00 pm

We usually spend about $3-5k/year for two which is usually one international trip a year. I don't count the day trips or overnighters domestically as vacations so I don't really track those.

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midareff
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Re: Annual Vacation Budget

Postby midareff » Fri Jan 06, 2017 12:06 pm

ddunca1944 wrote:We are a retired couple. We live on pension/SS income and spend our RMDs on one international trip a year 3-4 weeks long. Around $20K



Same except we are doing 2 International and at least two domestic. We like cruises with daily or almost daily land excursions. The WR funds the trips... we spend a lot on this and generally take suites rather than staterooms.

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lthenderson
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Re: Annual Vacation Budget

Postby lthenderson » Fri Jan 06, 2017 12:11 pm

Most of our vacations cost a few hundred bucks for gas and maybe a couple restaurants along the way and that is it. I've never been one to go to all inclusive resorts though and prefer backpacking trips to secluded places.

student
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Re: Annual Vacation Budget

Postby student » Fri Jan 06, 2017 12:11 pm

I take one to two trips per year, each cost about 1.5% of my gross base income.

Gropes & Ray
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Re: Annual Vacation Budget

Postby Gropes & Ray » Fri Jan 06, 2017 12:25 pm

We spend $1,500-$2,500 most years. We once spent $4,500 on a belated honeymoon. $1,500 gets you a week visiting family on the other side of the country plus one long weekend. $2,500 is a week long beach vacation plus one long weekend.

2retire
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Re: Annual Vacation Budget

Postby 2retire » Fri Jan 06, 2017 12:32 pm

TomatoTomahto wrote:... We decided to go to Grand Cayman. For 8 days, we spent ~ 35k, which is more than we usually spend.

I seriously lost my head on this one. I couldn't figure out how anyone could have spent $35K going to the Grand Canyon. :oops:

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TomatoTomahto
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Re: Annual Vacation Budget

Postby TomatoTomahto » Fri Jan 06, 2017 12:38 pm

2retire wrote:
TomatoTomahto wrote:... We decided to go to Grand Cayman. For 8 days, we spent ~ 35k, which is more than we usually spend.

I seriously lost my head on this one. I couldn't figure out how anyone could have spent $35K going to the Grand Canyon. :oops:

Well, I guess if you had to be helicoptered out :sharebeer

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Re: Annual Vacation Budget

Postby surfstar » Fri Jan 06, 2017 12:40 pm

rgs92 wrote:Zero dollars. I'd rather spend it on a nice car; at least it doesn't depreciate as quickly as a vacation (which goes to zero as soon as you get home).
I notice here that spending a lot on a car is often disparaged, but vacation spending seems more popular. Why is one more wasteful than the other?


Studies have shown that real, lasting happiness is derived from experiences, not "things".
The joy of a new car quickly fades, much more and sooner, than the joy of a nice experience ("vacation") with a loved one / friends.

You're completely off-base by 180 degrees in your "depreciation" assessment. It is the reason that many people who live the most fulfilled lives, actually own (or at least spend money on) very few things. Experiences and relationships deliver true value.

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englishgirl
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Re: Annual Vacation Budget

Postby englishgirl » Fri Jan 06, 2017 12:42 pm

We have so far alternated a "big" vacation year with a lower cost year. For our big vacation, we're looking at $5-6k for two for 2 weeks somewhere nice (we did Hawaii one year, and this year it will be UK + Ireland). For our lower cost year, we've either done a 1 wk-10 day roadtrip (all gas is free because my husband has a company car) or just a couple of weekends or overnights at B&B's or hotels in our state. So, maybe $3-4k average on an annual basis?
Last edited by englishgirl on Fri Jan 06, 2017 12:45 pm, edited 1 time in total.
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Rodc
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Re: Annual Vacation Budget

Postby Rodc » Fri Jan 06, 2017 12:45 pm

Family of four.

I could only make a wild guess. Very un-Boglehead I know. Big trips get planned well in advance and so one month the airfare gets paid. Maybe some other month the accommodations get paid. Small weekend getaways come out of cash flow. Big trips are cash flow and some savings.

A few years ago we went to Italy for two weeks, a couple of years ago we went to Costa Rica and had a travel place plan it out, last year was a Beaches resort, in a few weeks we are going to Switzerland for a week (with teens the only time that seems to work now are school breaks as summers are a nightmare to schedule for family vacations). Stars might align this summer and kids will be gone at the same time and dw and I might go to Peru for a couple of weeks.

Then many times a year we go off somewhere for a long weekend with the kids - mountains for day hikes from some bed and breakfast, or NYC to see a show. I am off with one child on a ski weekend leaving tonight and dw and other child decided to go in to the city to stay at a nice hotel, get a nice meal, wander around.

We each get out for individual trips. Dw might go off to some place for a few days with her friends, kids go off on things like scout adventure trips or an oversee school trip for a week or two, I might go off to Colorado for a climbing trip.

I might guess ballpark of $20K a year. Thinking about the list above, might be more like $25K. Maybe I should go add it up!

Ten years ago it might have been a couple thousand with a lot more camping. We still hike a great deal, and I get out camping with the scouts and we still sometimes camp as a family (did so a three day weekend not long ago).

The joy of college funding in place, retirement funding in place, fixed debt very low. But it took some early penny pinching to get there, and some employment good fortune.

Might be 15% or so of take home after savings, taxes, health insurance, etc.
Last edited by Rodc on Fri Jan 06, 2017 12:54 pm, edited 3 times in total.
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aj44
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Re: Annual Vacation Budget

Postby aj44 » Fri Jan 06, 2017 12:51 pm

6k for 2

With the amount of traveling my wife and I do for work we are mostly traveled out when it comes to vacations.

My company will be spending about 22k for me to go to Switzerland biz class 4 times this year.

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Re: Annual Vacation Budget

Postby stoptothink » Fri Jan 06, 2017 12:52 pm

Family of 4, maybe $1k. We both travel a lot for work. I do not enjoy it, wife does. She usually "vacations" on the company dime; (California) Disneyland, (Florida) Disneyworld and Universal Studios, New Orleans, and Germany in the last six months. We visit my family in California probably twice a year. Costs us nothing but gas and regular living costs (food). Our last trip to California in July did include a trip to Dinseyland; still 10 days in California <$800 total. We also rent a mansion in Zion's national park every other year for a 50+ person family reunion - usual cost ~$250 bucks for all 4 of us for 3-5 days.

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Re: Annual Vacation Budget

Postby Rodc » Fri Jan 06, 2017 1:05 pm

stoptothink wrote:Family of 4, maybe $1k. We both travel a lot for work. I do not enjoy it, wife does. She usually "vacations" on the company dime; (California) Disneyland, (Florida) Disneyworld and Universal Studios, New Orleans, and Germany in the last six months. We visit my family in California probably twice a year. Costs us nothing but gas and regular living costs (food). Our last trip to California in July did include a trip to Dinseyland; still 10 days in California <$800 total. We also rent a mansion in Zion's national park every other year for a 50+ person family reunion - usual cost ~$250 bucks for all 4 of us for 3-5 days.


Gotta love UT. Beautiful place.
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Re: Annual Vacation Budget

Postby ResearchMed » Fri Jan 06, 2017 1:10 pm

"A lot."

Travel is "What We Enjoy" nowadays.

:happy

I guess we are more in line with White Coat Investor and TomatoTomahto

We certainly don't need more "stuff"; quite the opposite.
A *safe* car is the only other big ticket item, and we "did that" in 2015, with a very nice 2014 CPO Volvo XC60.
(At some point, the 2004 will get replaced, probably instead of the next vaguely big repair. It's never driven on the highway now.)

A couple of weeks in Japan is the next "biggie", in May/June.
(However, the expensive, comfortable premium overseas flights are paid using points.)

We can't take it with us, YOLO, and this is all we really care about at this point in our lives in terms of discretionary spending.
We are well past "ordinary" retirement ages, but DH doesn't want to retire.
When we finally "had" to start taking Social Security (or lose the benefits: DH at max, mine at half of his FRA benefit), we declared that would be our "vacation pot".
That suddenly arriving money has "allowed" us to go on some very nice trips each year for the past few years.
We have limited time for travel (although that is now increasing nicely), so we try not to overlook side trips or other excursions/experiences once we are "there".

We waited "too long" in terms of health for some of the more active trips we wish we could have taken, so we are trying to get some of the more distant/difficult trips in while we still can...

There are too, too many trips we postponed, and now we are catching up while we still can.
We are having a great time on every trip, and the memories and photos of trips taken are enjoyed *very* frequently.

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TomatoTomahto
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Re: Annual Vacation Budget

Postby TomatoTomahto » Fri Jan 06, 2017 1:18 pm

ResearchMed wrote:We are having a great time on every trip, and the memories and photos of trips taken are enjoyed *very* frequently.

+1, although I didn't take my wonderful (but bulky and heavy) camera with me. I thInk my cell phone will suffice for the future, unless we do a safari or similar.

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HomerJ
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Re: Annual Vacation Budget

Postby HomerJ » Fri Jan 06, 2017 1:27 pm

Rupert wrote:
pop77 wrote:What is your average annual budget/spending for vacations (Family of 2-4)?
I am trying to step up a little bit on my vacation spending (live a little!) but do want to spend too much. Currently I am thinking 8-10k for three people.


Without knowing your income and our incomes, the responses to your question are going to be pretty meaningless. 8-10k for 3 people is a lot if your family income is $80,000 a year. It's a drop in the bucket if you're a two-doctor family bringing in $500k+ per year.


Exactly. It all depends on income and other expenses.

I will say spending more on vacations is a good way to stretch one's lifestyle without locking in higher expenses. What I mean is, there came a point where my wife and I realized our base lifestyle was "enough". We didn't need a better house or better cars, or more expensive clothes or food, etc. But we did spend a little more on vacations, either taking an extra one, or upgrading to a nicer vacation. Because you can always cut back on vacations. A little harder to cut back on a house that's too expensive. :)

We usually cruise once a year (which can be very cheap) with the family, and we usually have an extended family vacation at the lake (we used to rent at different lakes each year, but now we have our own place). My wife and I also usually do an all-inclusive resort-type vacation alone every other year as well. WIth our own lake place, we now get multiple 3-day or 4-day weekends there too.

We budget about $10k a year or so. Our normal spending is about $60k a year, so another $10k for vacations is a pretty big bump. But it's worth it. My wife may possibly enjoy planning the next trip just as much as going on one.

ResearchMed
Posts: 3991
Joined: Fri Dec 26, 2008 11:25 pm

Re: Annual Vacation Budget

Postby ResearchMed » Fri Jan 06, 2017 1:38 pm

TomatoTomahto wrote:
ResearchMed wrote:We are having a great time on every trip, and the memories and photos of trips taken are enjoyed *very* frequently.

+1, although I didn't take my wonderful (but bulky and heavy) camera with me. I thInk my cell phone will suffice for the future, unless we do a safari or similar.


Yup, no fancy cameras.
DH's trusty iPhone.
Sometimes his iPad or such.
Some of those photos are of amazing quality, or at least to our unpracticed (and aging!?) eyeballs.

I've got an ancient little BlackBerry.
(Did I mention we don't want "things" any more? :wink: )

Very few days go by that we don't reminisce at least once about something - or many things - from these recent travels.

And as HomerJ mentioned above, vacation spending can easily be cut back on rather short notice, if ever that is necessary.

RM
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blinx77
Posts: 151
Joined: Sat Jan 07, 2012 11:23 am

Re: Annual Vacation Budget

Postby blinx77 » Fri Jan 06, 2017 1:41 pm

surfstar wrote:
rgs92 wrote:Zero dollars. I'd rather spend it on a nice car; at least it doesn't depreciate as quickly as a vacation (which goes to zero as soon as you get home).
I notice here that spending a lot on a car is often disparaged, but vacation spending seems more popular. Why is one more wasteful than the other?


Studies have shown that real, lasting happiness is derived from experiences, not "things".
The joy of a new car quickly fades, much more and sooner, than the joy of a nice experience ("vacation") with a loved one / friends.

You're completely off-base by 180 degrees in your "depreciation" assessment. It is the reason that many people who live the most fulfilled lives, actually own (or at least spend money on) very few things. Experiences and relationships deliver true value.


This depends on how much you like cars and how much you like vacations.

Given the replication crisis in social psychology I am not sure I would lecture someone who is living below their means about how to allocate their spending.

I am not really in the mood to travel a lot at this point in my life. I like my new house and I like my bed. I am finicky sleeper in new places. Kids are whiny if they are cooped up in a car or plane for a long time. I am also tall and so long plane rides wear on me. I hate taking off my shoes at the airport. I often get interrupted by work e-mail, which is annoying across time zones and with too busy of a schedule.

I have enjoyed vacations more in the past and sure I will in the future. In the meantime, a week at a beach a two hour drive away is fine by me and our "fun money" is going to new furniture for the house. A few thousand well spent and we will hopefully use it for decades.

Once that's over with, do you know where our fun money is going to go? Vacations? Nope. A babysitter. :D

Da5id
Posts: 890
Joined: Fri Feb 26, 2016 8:20 am

Re: Annual Vacation Budget

Postby Da5id » Fri Jan 06, 2017 1:49 pm

blinx77 wrote:
surfstar wrote:
rgs92 wrote:Zero dollars. I'd rather spend it on a nice car; at least it doesn't depreciate as quickly as a vacation (which goes to zero as soon as you get home).
I notice here that spending a lot on a car is often disparaged, but vacation spending seems more popular. Why is one more wasteful than the other?


Studies have shown that real, lasting happiness is derived from experiences, not "things".
The joy of a new car quickly fades, much more and sooner, than the joy of a nice experience ("vacation") with a loved one / friends.

You're completely off-base by 180 degrees in your "depreciation" assessment. It is the reason that many people who live the most fulfilled lives, actually own (or at least spend money on) very few things. Experiences and relationships deliver true value.


This depends on how much you like cars and how much you like vacations.

Given the replication crisis in social psychology I am not sure I would lecture someone who is living below their means about how to allocate their spending.


I'm with surfstar here. And I don't think spending a lot on a car is disparaged all THAT much here, this isn't the MMM blog. Now buying an expensive car on credit while balancing your minimum payments on credit cards, that is disparaged. I think the ethos here is more living comfortably within (or below) your means. And if your means allow you to save plenty and you want to buy a Tesla or heck a Ferrari, can't see why anyone should care. Not saying some don't suggest Civics when the topic is Porches, just saying it is far from a universal sentiment and certainly nowhere in the list of bogelhead values per se.

I believe the real objection to the post above is that blinx77 values vacations at 0, as they "depreciate" immediately. I personally really value interesting experiences growing up, including travelling, and enjoy taking my kids to different places, some of which are expensive. e.g. looking at doing Galapagos one of these years. I think as with cars, expensive vacations are great IF you live below your means and aren't compromising your future. YMMV.


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