Another thread got me thinking. How much do you spend on vacations as a percent of your income? Please specify if it's gross or net.
I will go first.
We spend about 4 percent of GROSS income.
Just wondering if we are average.
Another thread got me thinking. How much do you spend on vacations as a percent of your income? Please specify if it's gross or net.
I will go first.
We spend about 4 percent of GROSS income.
Just wondering if we are average.
Depends on the year, but generally 4%-5% as well.
I spend what I feel like spending on vacations; it varies considerably from year to year depending on where I go and how much time I have off. Like most rules of thumb, I think "vacation as a percentage of income" is a pretty useless yardstick, because someone who makes $42 million a year might spend 0.002% of their gross income on vacations, while someone who makes $20,000/year might spend 10% of their income on a vacation.
Current plan is about 12% of after tax normalized income. This is down by about half from when we first retired. Bought a couple of houses after retirement that we spend more time at- so less travel. Still take about 2 longer trips per year representing maybe 30 days of travel. This year it was biking in Croatia in the spring and Egypt/Jordan in Sept. Next year planning biking in Portugal and African safari. We enjoy active travel particularly biking trips.
We spend about 5% on vacations because we travel on points.
SR do you have any must see places in Croatia? Currently we are sail to 8 islands and then driving to Dubrovnik, Split, Zadar, Krk and Zagreb.
Plitvice is worth a visit.
My wife works a side gig every summer. That money goes straight into the vacation fund. It works out to about $2,000 - 2,400 a year or about 5% of take home pay.
I work a much less lucrative side gig in my spare time, which I save for our 25th wedding anniversary, it's about 0.3% of take home pay.
Trevor Thompson
Yes I met a lady from there at Hastings Race Track who recommended a visit there. And there are plenty of pictures on Webshots. I need some lessons on pronunciation. I am reading a book on the history of the region written by Rebecca West (Black Lamb and Grey Falcon). She loves Rab.