Author Topic: Net worth and travel frequency  (Read 34593 times)

undercover

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Net worth and travel frequency
« on: April 27, 2016, 07:17:05 AM »
I'm curious if there's any correlation.

1. What is your net worth? You can answer Low, Moderate, High, Very High, or the actual number of course.

Low = <$250k , Moderate = $250-500k, High = $750k-$1M, Very High = $1M+

2. How often do you travel?

3. What's your overall spending/yr on travel?

2Birds1Stone

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Re: Net worth and travel frequency
« Reply #1 on: April 27, 2016, 07:29:20 AM »
$200k for my SO and I (29/25 y/o)

1 international vacation per year
1 domestic vacation per year
LOTS of weekend trips (motorcycle touring, camping, visiting friends, etc)

Spend ~$6-8k/yr on vacations/travel.

Subsidize with travel hacking and CC churning.

Travel can be cheap when you have free flights/hotel stays from CC rewards.

lthenderson

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Re: Net worth and travel frequency
« Reply #2 on: April 27, 2016, 07:31:28 AM »
1. Very High
2. Three to four weeks a year
3. Probably less than a $1000 a year most years. Many of our vacations involve going to a destination and hiking, boating, biking so I'm really only out gas and food. (We own the lodging or camp.) Every few years however I go overseas and if you count recent ticket prices, those years I pay $8000+ for our family on those years.

Lucky Girl

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Re: Net worth and travel frequency
« Reply #3 on: April 27, 2016, 07:44:47 AM »
1.  Very High
2.  three or four weeks, plus maybe a long weekend
3.  Budget is $10k every year.  Before kids we spent less, but now we value convenience of good flight times, non stop flights, and always have to rent a larger car.  That stuff adds up!  We also don't travel hack, but we get lots of points on our cc, which we typically use to cover some of the 10k budget.  Also, much of our travel expense is flights, because family is all over the place (London, GA, CA, TX, SC) and we see most siblings at least once per year.

soccerluvof4

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Re: Net worth and travel frequency
« Reply #4 on: April 27, 2016, 07:50:02 AM »
1.- Very High

2- Mostly 3-4 day sporting weekends that add up to probably 6-8 weeks of travel

3- 10-15k

Clean Shaven

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Re: Net worth and travel frequency
« Reply #5 on: April 27, 2016, 08:04:42 AM »
1. Very high
2. 1-2 week long trips per year, and a handful of 3-4 day extended weekends.
3. No idea, but not much at all. The weekend trips are usually driving, and frequently camping. The week-long are usually flying (one is usually a ski road trip with subsidized lift tickets).  Guessing total for the week long trips is maybe $3K per year. Airline tickets are usually frequent flier point purchased, so that part is quite cheap.

Trudie

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Re: Net worth and travel frequency
« Reply #6 on: April 27, 2016, 08:09:21 AM »
1. Very high

2. 3-4 weeks per year.  Usually one international trip plus several other weekend trips (by car) for concerts, road races, regional travel.

3. Around 10K, give or take.  We don't travel hack, but have used CC points for free international flights.  We do research flights.  We also do a lot of homeaway.com type of places where we can get a kitchen to cut down on eating out while away.  When flying we mostly visit places with great public transport so we don't have to rent cars.  We walk and take the bus, train, bikes everywhere.  In ER we would probably focus more on getting the deals but right now have no time to devote to travel hacking.

DavidinNOLA

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Re: Net worth and travel frequency
« Reply #7 on: April 27, 2016, 08:19:47 AM »
1.  200K
2.  About 2 months per year, mostly domestic, some international
3.  Around 5K.  We do lots of car-camping and are pretty handy with the camp stove, cooking almost all meals from scratch.  We have an annual pass to the national parks, and BLM land is very cheap, sometimes free.  Couchsurfing and staying with friends and family also helps keep the costs super low when not camping.  Our jobs are pretty flexible, so we like travel during off-seasons.

boarder42

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Re: Net worth and travel frequency
« Reply #8 on: April 27, 2016, 08:27:34 AM »
500k 29/28
3-4 weeks / year
probably spend 2-3k a year

Travel hack the hell out of it!

jorjor

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Re: Net worth and travel frequency
« Reply #9 on: April 27, 2016, 08:28:51 AM »
1. Moderate

2. 1-2 international trips per year, 4-5 domestic trips

3. $5k-10k. At most. That was before we did more travel hacking. Probably lower now. We're doing a couple things now to keep the cost down: Wife is an event planner and registered travel agent, so we can usually get things cheaper through industry discounts or get upgrades. We have the Southwest Companion Pass now, which makes all domestic travel very low-cost. Using that Companion Pass, we try to piggy-back off of work trips that her and I take, when possible. No extra cost for the company or us. The non-worker knows boundaries and will explore on our own while the other is working. Neither company cares.
« Last Edit: April 27, 2016, 08:46:43 AM by jorjor »

gaja

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Re: Net worth and travel frequency
« Reply #10 on: April 27, 2016, 08:42:02 AM »
1.low
2. 7-10 weeks a year, most of this is a very long summer holiday
3. Less than 10 000, depending on what you include. Is camping equipment included the year you buy it, of should you divide by years of usage? What then about wear and tear on the car? Is all food included, or only the food cost that is higher than normal? Summer or trekking clothes?

Northwestie

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Re: Net worth and travel frequency
« Reply #11 on: April 27, 2016, 08:45:25 AM »
1. very high
2. variable - last year only for work. this year 3 international trips - 1 fun, 1 work (still fun), 1 (work and fun)
3. very, very low.  last big trip= 2 months climbing in S.A. - total cost - $4k including airfare


Fishindude

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Re: Net worth and travel frequency
« Reply #12 on: April 27, 2016, 08:49:48 AM »
Very high
Frequently, many 3-4 day weekends trips and several week or longer trips each year.
Approx. $20,000

Mtngrl

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Re: Net worth and travel frequency
« Reply #13 on: April 27, 2016, 08:53:22 AM »
1. High
2.5 or 6 weeks when you add it all up -- mostly camping, a month-long RV trip combined with shorter three and four-day trips. Visits to friends and family. An international trip every 3 or 4 years.
3. $3,000 to $5,000

TravelJunkyQC

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Re: Net worth and travel frequency
« Reply #14 on: April 27, 2016, 08:54:31 AM »
1. 100k for myself, 200k for myself and my partner.
2. One international trip perhaps every two years, weekend and long weekend car trips, once a month at least, if not twice.
3. I've never really calculated, but last year was around 2.5k including a two week international trip and standard weekend trips. This year will be less than 1k since we won't be going abroad.

Jesstache

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Re: Net worth and travel frequency
« Reply #15 on: April 27, 2016, 09:15:13 AM »
1. Very High
2. Usually one or two week-ish long trips to visit family across country (both our families are multiple flights away).  Then 2-3 camping trips and  maybe one or two weekend trips 3-6 hours away  (oregon coast, portland, seattle).  Every 3-5 years we might do a larger trip with my in-laws to Disney or something, which replaces one of the trips to visit family.
3. $5k or less for our family of 4 and in reality it's less than that (near zero) as my MIL gifts us $5-10k each year to avoid eventual taxes on her estate and always insists that we expressly use it to travel (she wants to see the grandkids). 

Our kids are 2.5 and 5 so once they get a little bit older I can see us doing more travelling.  The plan will be lots of road/camping trips around the US and Canada during school breaks/summer.  We'll be retired in a few years so I imagine the flying west coast to the east coast and midwest to visit family will be replaced by 1-2 month long road trips there and back during summer break.

prognastat

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Re: Net worth and travel frequency
« Reply #16 on: April 27, 2016, 09:21:20 AM »
1. At about 200k as a couple at 26.
2. Maybe 1 international vacation visiting family every 2 years and we drive to family locally which is a 3-4 hour drive 4-8 times a year.
3. Hard to say if I average 2 years with the international trip possibly up to $1.25k per year averaged.

SilveradoBojangles

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Re: Net worth and travel frequency
« Reply #17 on: April 27, 2016, 09:21:55 AM »
1. Low - we are just getting started, our net worth is probably 175K all told.

2. We travel a lot. I think I counted for another thread, but we spent 13 weeks away last year, plus the odd weekend. This included work trips that were extended for fun, camping trips, visits with with friends/family who are spread out all over the country, and international travel. For example, we were able to capitalized on a work trip, miles, and the low Euro value to spend a month in Europe last summer. We will probably do the same this year.

3. We spent a third of our budget on travel (~12K last year), and we have made choices that keep other expenses low so that we have more money to travel (for example, we live with housemates. Cheap rent is the gift that keeps on giving).

Bettis

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Re: Net worth and travel frequency
« Reply #18 on: April 27, 2016, 09:32:45 AM »
I'm impressed with the amount of travel many of you get to do.  Our savings rate is pretty weak so we haven't had room to do anything besides stay-cations when I get time off of work.  Hopefully I'll be able to take my wife and son somewhere in the next year or two.

1) Low not counting home equity, moderate if you do

2) We haven't traveled in a few years.  Our last vacation was a week-long trip to Lake George NY in June 2012.  All our immediate family is within a 45 min drive so travel would only be vacation based, not family commitments.

3)  The trip in 2012 probably cost us around $1K and our honeymoon the year before was about $1,500 but obviously the recent stretch would lower the average greatly.

NotJen

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Re: Net worth and travel frequency
« Reply #19 on: April 27, 2016, 10:12:51 AM »
1.  Moderate (Single, 36).

2.  I get 5 weeks PTO per year, and at this point I pretty much use it all on travel (while keeping several weeks in the bank, in case of illness).  About half of that is visiting family, the other half has been domestic hiking-based trips lately.  This year worked out to two international trips.

3.  Average is $5k/year (usually solo, which makes lodging a little more pricey overall.  I've been travel hacking, so all flights in 2015 into this year have been very low cost ~ $11 taxes only).  This is about 15% of my annual spending.

Davids

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Re: Net worth and travel frequency
« Reply #20 on: April 27, 2016, 11:36:45 AM »
High and right now not as much since we had our son nearly 2 years ago. Prior to that it was a couple good international trips per year.

Zikoris

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Re: Net worth and travel frequency
« Reply #21 on: April 27, 2016, 12:31:28 PM »
Couple, no kids.

1. ~185K combined net worth
2. Two international trips a year, plus a few long weekend/extended long weekend getaways around Canada
3. Last year was $9404, typically around 8-9K.

HPstache

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Re: Net worth and travel frequency
« Reply #22 on: April 27, 2016, 12:42:58 PM »
1. Low/Moderate NW
2. 1 "big" trip per year and a few camping/weekend trips
3.  We currently budget $2500/yr for travel

Eric

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Re: Net worth and travel frequency
« Reply #23 on: April 27, 2016, 01:43:27 PM »
You're missing the biggest factor here.  Number of vacation days.  Money is way less of an issue than getting time away from work.  Come on FIRE!!

boarder42

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Re: Net worth and travel frequency
« Reply #24 on: April 27, 2016, 01:49:13 PM »
You're missing the biggest factor here.  Number of vacation days.  Money is way less of an issue than getting time away from work.  Come on FIRE!!

yep a coworker and i were just discussing this.  our travel currently is not budget limited its PTO limited.  this is my main goal for FIRE.  i want to be able to book that last minute cruise to alaska with bottomless booze and balcony for 500 bucks each ... i would have done it with the PTO... .just dont have it... more likely i want to be able to buy an RV and go tour all the national parks all summer long with my future kids then sell it at the end of summer for a profit.  cant do that with my PTO.  I'd like to go live in an RV for 3 years in and around the national parks.  cant do that i dont have the PTO.

i'm strongly considering a summer sabatical in the near future. 

Metric Mouse

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Re: Net worth and travel frequency
« Reply #25 on: April 27, 2016, 01:58:53 PM »
1. High

2. Not very often, but for extended periods. Often up to 26-30 weeks away a year. Depends on what my friends are up to. Will probably bump it up once the kids arrive.

3. A lot. I did the whole 'travel on a budget, sleep in roach motels and hostels and camp' when I first FIRED. I'm over it for a bit. Much prefer high-end hotels and nice bars and private tours. Someday I may go back to being cheap (it's always an option - the nice thing about being FI and having the freedom to go big or go small), but for now I'm kinda been treating myself.

Dicey

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Re: Net worth and travel frequency
« Reply #26 on: April 27, 2016, 02:19:42 PM »
Funny, when I was single and worth far less, I traveled more. Now I'm married, FIRE, and well past the highest NW number on this survey. At present, we travel very little for pleasure because DH's mom and her pal, Al Z. Heimer live with us.

My point is that nothing's guaranteed in this life. If you want to travel, do it, don't wait. Now we have plenty of money, but have less freedom to travel. I might find myself resentful had I not figured out how to travel while saving for FIRE all those years ago.

So, ask yourself why you posted this survey. If you really want to travel, hack some credit cards and get it done, don't wait. Seriously, who gives a shit what other's ratios are? Don't keep up with the Jonses, even the frugal ones. Do what's right for you.

Edited for clarity.
« Last Edit: May 01, 2016, 05:26:46 AM by Diane C »

celticmyst08

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Re: Net worth and travel frequency
« Reply #27 on: April 27, 2016, 04:17:37 PM »
1. Low. Under $100k.
2. 2-3 weeks per year total, usually spread out over long weekends and sometimes a week at a time
3. $3k maybe. We will be saving a bit more because we want to do a trip to South America next fall after I finish school.

JoJo

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Re: Net worth and travel frequency
« Reply #28 on: April 27, 2016, 06:14:16 PM »
Very High

Travel about 6 weeks per year, mostly international an US trips if I tack onto work or family domestic trips

Spend on average $5000 per year.


Looking to RE in about 1 year and go on a 12+ month trip.

exterous

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Re: Net worth and travel frequency
« Reply #29 on: April 28, 2016, 08:48:35 AM »
High

4 weeks a year although we'd use more if I had more vacation days. At least sick time is a separate bucket.
1-2 international trips per year plus holidays and extended weekends around the US

Spend around $8k-9k. Travel expenditures have remained a fairly steady percentage of our income as we slowly shift from lowest budget possible to maximizing time at our destinations


dude

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Re: Net worth and travel frequency
« Reply #30 on: April 28, 2016, 09:12:00 AM »
I'm curious if there's any correlation.

1. What is your net worth? You can answer Low, Moderate, High, Very High, or the actual number of course.

Low = <$250k , Moderate = $250-500k, High = $750k-$1M, Very High = $1M+

2. How often do you travel?

3. What's your overall spending/yr on travel?

HOLY SHIT, you consider $250k-500k to be "moderate"?  Wow, don't even know what to say.  EDITED TO ADD:  Whoops!  Thought this referred to INCOME, not NET WORTH!  My bad!

Very High
5-6x/year
Somewhere in the neighborhood of $10k
« Last Edit: April 28, 2016, 09:14:00 AM by dude »

dude

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Re: Net worth and travel frequency
« Reply #31 on: April 28, 2016, 09:16:10 AM »
Funny, when I was single and worth far less, I traveled more. Now I'm married, FIRE, and well past the high NW number. At present, we travel very little for pleasure because DH's mom and her pal, Al Z. Heimer live with us.

My point is that nothing's guaranteed in this life. If you want to travel, do it, don't wait. Now we have plenty of money, but have less freedom to travel these days. I might find myself resentful had I not figured out how to travel while saving for FIRE all those years ago.

So, ask yourself why you posted this survey. If you really want to travel, hack some credit cards and get it done, don't wait. Seriously, who gives a shit what other's ratios are? Don't keep up with the Jonses, even the frugal ones. Do what's right for you.

Amen!  Obviously, doing so in lieu of saving for future consumption isn't a good idea, but the future is guaranteed to no one. We live in the here and now, and you have to do just that, LIVE.

bkmnky72

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Re: Net worth and travel frequency
« Reply #32 on: April 29, 2016, 03:47:30 AM »
1.  Moderate
2.  One whole week, several long weekend trips. 
3.  Overall spending is about $4K on average.  We try to keep it under $3K with the cc churning and other deals but realistically it's been creeping up over the years.  Last year being the worst.

EXLIer

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Re: Net worth and travel frequency
« Reply #33 on: April 29, 2016, 05:50:46 AM »
1. Very High = $1M+

2. 4-5 weeks per year

3. ~$10,000

Dances With Fire

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Re: Net worth and travel frequency
« Reply #34 on: April 29, 2016, 06:10:17 AM »
High.

Average 1 week International.

2-3 weeks Domestic. Visiting family, friends, B&B's, camping, or boating.

$5,000+

Metta

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Re: Net worth and travel frequency
« Reply #35 on: April 29, 2016, 06:27:23 AM »
Net worth is very high. We travel about two to three weeks a year. This year we spent about five weeks away from home due to family emergencies but that was unusual. We also spent a lot more this year than usual, but my father died and the money was mostly spent on family and on him to ease the problems associated with his disease and death.

Our norm is that we budget $3500 a year for travel and we spend anywhere from $1200 to $4000 in a given year. We generally spend about two weeks away from home, which more than satisfies any yen we have for travel.

I'm kind of surprised to see that we are on the low side in this group. But we count as travel anything that requires that we spend the night away from home. If we drive off to a nice spot to hike for the day and then drive home to sleep, we don't count that as travel.

Guesl982374

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Re: Net worth and travel frequency
« Reply #36 on: April 29, 2016, 07:29:12 AM »
1. Moderate
2. Two international trips per year
3. $5-10K/year: no travel hacking

Gerard

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Re: Net worth and travel frequency
« Reply #37 on: April 29, 2016, 04:39:13 PM »
1. Under $250K.

2. Depends how you define travel, because I have 2 homes (one in work town, one in most-family-and-friends town). Let's say 6-8 weeks a year in non-work town, and about 4 weeks a year of actual travel, overseas or warm places.

3. $3000-$8000 a year. Lots of variation because of points, gaming the system, etc.

stlbrah

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Re: Net worth and travel frequency
« Reply #38 on: April 29, 2016, 07:42:12 PM »
1. Low = <$250k
2. Two weeks per year. + a few 3-4 Day weekend trips
3. ~2k w/ travel hacking.

Planning to do some more longer term travel in the future. I didn't really enjoy travel until recently.
« Last Edit: April 29, 2016, 07:44:56 PM by stlbrah »

RetirementDreaming

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Re: Net worth and travel frequency
« Reply #39 on: April 29, 2016, 09:28:00 PM »
1.  Very high
2.  3 to 4 weeks a year (no flights, all driving distance)
3.  2-3k

Bateaux

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Re: Net worth and travel frequency
« Reply #40 on: April 29, 2016, 09:36:08 PM »
Very high

About 10k to 15K per year of travel expenses.

5 weeks of travel per year.  Just completed 15 day cruise to Hawaii from San Francisco.

Some trips are hiking and biking trips which are less expensive.

market timer

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Re: Net worth and travel frequency
« Reply #41 on: April 29, 2016, 10:30:16 PM »
1. Very high
2. 4-5 weeks per year, combining business and personal travel
3. DW and I both travel for our jobs and accompany each other on international trips. Usually our companies will pay for a single flight and hotel, so the other just has to buy a flight ticket. We also take a long weekend about once a month. Altogether, I estimate we spend about $25K/year on hotel and flights and pay for about $10K out of pocket. I don't include food because travel doesn't change our dining habits--we don't cook at home.

pdxvandal

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Re: Net worth and travel frequency
« Reply #42 on: April 30, 2016, 12:21:48 AM »
1. Moderately High

2. A lot recently. Texas, California, Hawaii ... just in the past two months. Two more transcontinental flights remaining this year, among a few road trips.

3. Maybe $2,500 for two adults and a kid. Lots of travel hacking. I paid $18 for a first class flight to North Carolina. And free places to stay, for the most part, thanks to friends/family or hotel points.

travelbug

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Re: Net worth and travel frequency
« Reply #43 on: April 30, 2016, 03:02:32 AM »
1. Very high
2. around 4-6 weeks a year. We are time poor or would do more. Once we are FIREd we will take sabbatical for 1-3 years+.
3. Anywhere between 10-25k. That is for 2A2C. This year we are staying domestic for 2 trips in Australia, but usually we take at least one international trip and one domestic/cheaper Asian location. (the Asian location travel is normally a lot more luxurious and relaxing than staying in Australia and much much cheaper!)

SnackDog

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Re: Net worth and travel frequency
« Reply #44 on: April 30, 2016, 03:50:04 AM »
3-4 times per year international. We restrict travel budget to well under 5% of gross income. Tickets are very cheap these days in many international markets.

Mmm_Donuts

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Re: Net worth and travel frequency
« Reply #45 on: April 30, 2016, 06:08:35 AM »
- very high
- 2-3 small local trips per year, 0-1 international or cross country trip per year. Big international trips are every ~3 or 4 years
- $500 - $10000 per year. Probably $4k / year on average.

FrugalTravelGal

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Re: Net worth and travel frequency
« Reply #46 on: April 30, 2016, 01:08:20 PM »
1. Very high

2. I will be traveling about 16 weeks in 2016, and half of that time I'll be traveling solo. I spent 6 weeks in South America in Feb/March, have several road trips planned for the summer, a one month land tour + cruise in the fall, and 8 days in Orlando in December. Yes, I love to travel!

3. My guess is we'll spend about $25,000 on travel this year.  (~$7,000 of that will  be reimbursed from my "travel fund" - aka stock dividends from an inheritance from my mom.)  My husband just retired at the end of December at age 56, and  he does not want to spend that much on travel on a regular basis. 

Metric Mouse

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Re: Net worth and travel frequency
« Reply #47 on: May 02, 2016, 03:45:39 AM »
(the Asian location travel is normally a lot more luxurious and relaxing than staying in Australia and much much cheaper!)

Agree. Asia has so much to recommend it.

dude

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Re: Net worth and travel frequency
« Reply #48 on: May 02, 2016, 05:09:58 AM »
1. Very high

2. I will be traveling about 16 weeks in 2016, and half of that time I'll be traveling solo. I spent 6 weeks in South America in Feb/March, have several road trips planned for the summer, a one month land tour + cruise in the fall, and 8 days in Orlando in December. Yes, I love to travel!

3. My guess is we'll spend about $25,000 on travel this year.  (~$7,000 of that will  be reimbursed from my "travel fund" - aka stock dividends from an inheritance from my mom.)  My husband just retired at the end of December at age 56, and  he does not want to spend that much on travel on a regular basis.

Okay, I'm intrigued by this -- how did you get your husband to agree to let you traipse off 8 weeks solo??!!!  I need to know!

gaja

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Re: Net worth and travel frequency
« Reply #49 on: May 02, 2016, 05:58:57 AM »
1. Very high

2. I will be traveling about 16 weeks in 2016, and half of that time I'll be traveling solo. I spent 6 weeks in South America in Feb/March, have several road trips planned for the summer, a one month land tour + cruise in the fall, and 8 days in Orlando in December. Yes, I love to travel!

3. My guess is we'll spend about $25,000 on travel this year.  (~$7,000 of that will  be reimbursed from my "travel fund" - aka stock dividends from an inheritance from my mom.)  My husband just retired at the end of December at age 56, and  he does not want to spend that much on travel on a regular basis.

Okay, I'm intrigued by this -- how did you get your husband to agree to let you traipse off 8 weeks solo??!!!  I need to know!

People are different. My husband also dislikes travelling. he will be jointing us for one week this summer (when we visit Stockholm and Åland), but the rest of the 7 week summer camping expedition will be only for me and the girls (8 and 9 y.o.). He will stay at home enjoying the peace and quiet.