Net worth and travel frequency

[bb11]

1. $140k

2. 4-7 times a year

3. $1200 per year

You don't want to include age in this study? Or income? Seems like two variables that are going to drastically alter the results. Like people with higher net worths travel more, but only because they tend to be older, have higher incomes, and have made much more total income over the course of their career.

[Goldielocks]

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.

I had to answer as a response to Zikoris'...   We live in the same urban area..  at the opposite ends of the answers..

1. Very High (at last!!)
2.  Camping around BC, plus drive north to see family and sometimes 5 day ski trip using a discounted timeshare.   2-3 weeks per year.
3.  Last year was high, about $3000 for family of 4 (we took the Prince Rupert Ferry on our extended camping trip, no skiing).

The darn housing market sucks all our free income!!   I wish I was smart like Zikoris, and had convinced DH to move to a Co-op, even at market pricing it would be awesome...  we learned about co-ops too late.

[iwasjustwondering]

1.  Moderate
2.  I get four weeks off.  I usually take one week away with kids and SO in the U.S., where we live, one week away with kids to Europe, a weekend or two away for just SO and me, and a weekend away with the kids somewhere (lately, college visits for older kid).
3.  $10K

[Cc15gec]

1. Low

2. How often do you travel? 3-4 months of vacation travel a year. (I work in International Education)

3. What's your overall spending/yr on travel? Less than $3000/year, travel hacking helps and employer pays for much of it.

[Miss Prim]

!. High

2. As often as possible to the tune of $10,000 per year or less than 1% of stashe (retired). 

Oops, I answered 2 and 3 together!

Travel is what we do.  I could see slowing down after a few years, but right now while we are young enough to travel, we are trying to get in as much as possible.

                                                                              Miss Prim

[boarder42]

!. High

2. As often as possible to the tune of $10,000 per year or less than 1% of stashe (retired). 

Oops, I answered 2 and 3 together!

Travel is what we do.  I could see slowing down after a few years, but right now while we are young enough to travel, we are trying to get in as much as possible.

                                                                              Miss Prim

how old is young congrats on being retired!

[flyingaway]

1. Very high;

2. Four weeks;

3. Budgeted $10,000 per year in retirement.

[FrugalTravelGal]

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!

My husband joined me/will join me halfway through the two longest trips. For the other trips, I'm going places that don't interest him.

[Villanelle]

High Moderate. 

We just spent 3 years living in Europe.  We knew it would be a limited time, and we decided it was well worth it to travel as much as possible while we were there.  I don't track dollars all that closely, but we probably spent $10k+ per year for 2.5 years. 

Most of those were 3-4 days, with a couple longer trips (8-12 days) each year as well.  We saw 32 countries in 34 months, many of them multiple times.  So it was a *lot* of travel.

Those years were sandwiched in between jobs for DH that allow almost no travel beyond maybe a rare three day weekend, and a trip back to the States every other year (hopefully).  That's part of the reason we indulged.  It was really a decades worth of travel, or more. 

[aspiringnomad]

1. High;

2. About three weeks internationally and one to two weeks domestically per year;

3. Travel hacks and cheap lodging makes it about 6k total, including the fun stuff like surf lessons and boat chartering.

[aceyou]

1.  400k net worth (33/32)
2.  few weekend getaways, maybe a 4 day trip involving air travel just the wife and I.
3.  1-2k/year 

We travel hack for flights/hotels.  With a pretty low net worth, we can't really justify spending much more right now, besides there's plenty of fun to be head near home. 

[Zikoris]

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.

I had to answer as a response to Zikoris'...   We live in the same urban area..  at the opposite ends of the answers..

1. Very High (at last!!)
2.  Camping around BC, plus drive north to see family and sometimes 5 day ski trip using a discounted timeshare.   2-3 weeks per year.
3.  Last year was high, about $3000 for family of 4 (we took the Prince Rupert Ferry on our extended camping trip, no skiing).

The darn housing market sucks all our free income!!   I wish I was smart like Zikoris, and had convinced DH to move to a Co-op, even at market pricing it would be awesome...  we learned about co-ops too late.

It's really interesting seeing how other Vancouverites travel! Among my friends an coworkers, it seems the norm is to do very frequent getaways, but shorter and way closer, like long weekends in Whistler, road trips around BC or to Seattle/Portland, or camping trips. We're finally starting to branch out into those things a bit - last year we rented a cottage in Sechelt for the Easter long weekend, and did our first camping trip at Golden Ears in the summer.

[Cassie]

High and spend 10-15k/year. We sometimes go on cruises, use our RV for a month or go to Europe.  Last year we were gone 7 weeks total.

[Nangirl17]

High (late 30s/early40s). Very high if you include paid off house.

We almost never travel (in 8 years we went to italy on our honeymoon and to Montreal - a 6hr drive - to see my sister for 3 days). My in-laws have a cottage an hour away on the lake that we use a few times a year for relaxation. They are selling it this year, so our free vacation spot is disappearing.

I'm glad to follow this thread and see that others can be frugal and travel too. I don't have much wanderlust, but I do want to show my son a few places and get away for relaxation every once in a while.
 

[stlbrah]

1.  400k net worth (33/32)
2.  few weekend getaways, maybe a 4 day trip involving air travel just the wife and I.
3.  1-2k/year 

We travel hack for flights/hotels.  With a pretty low net worth, we can't really justify spending much more right now, besides there's plenty of fun to be head near home.

This mindset is always strange to me. Not saying that it is wrong. But 400k is an excellent net worth at that age to skimp on a vacation for 2k.

[John Doe]

Very high
2 or 3 times a year
15-20k. We generally do a three week vacation somewhere in Europe each year and that always costs around 12k

[clarkfan1979]

1. moderate
2. 4-6 trips a year that include air travel
3. $6,000/year

When we travel, we typically stay with family or friends. The only hotels we have paid for have been for weddings. I think there is a correlation for us. As our net worth increases, we plan on spending more on travel. We currently do 2-3 trips a year from Hawaii to Denver. Then another 2-3 trips during the summer from Denver to Las Vegas, Chicago and Florida. We are considering spending about $6000 next summer for 6 weeks in Australia.

[Gunny]

1. moderate to high plus a 40k pension.
2. So far this year spent approx 13k
3. 10 weeks so far this year

Currently on week seven of a nine week tour of Chile, to include trekking/fishing the Andes and a trip to Easter Island. Total for the nine weeks for three people is 12.5k.  Also took a week long motorcycle trip to Florida back in February. 

This is my first year of fire, so I don't have a lot of years of retirement travel from which to base an average.  Prior to fire we would do four weeks a year at about 1k per week, usually domestic travel.  Next year I plan a three week motorcycle tour of Patagonia and six weeks trekking the Camino de Santiago in Spain. 

[lthenderson]

1.  400k net worth (33/32)
2.  few weekend getaways, maybe a 4 day trip involving air travel just the wife and I.
3.  1-2k/year 

We travel hack for flights/hotels.  With a pretty low net worth, we can't really justify spending much more right now, besides there's plenty of fun to be head near home.

This mindset is always strange to me. Not saying that it is wrong. But 400k is an excellent net worth at that age to skimp on a vacation for 2k.

Or perhaps they are like me and go on vacations that they really enjoy but just don't cost much.

[WYOGO]

1. Moderate (Mid-30's)
2. Greater than 20 domestic trips per year with little to no international travel though a significant international  trip is planned in the next six months. 6 weeks of vacation with freedom and autonomy to work remotely and build in longer weekends. 80% personal travel 20% business with lots of overlap and cost sharing opportunities.
3. Total travel expenses are less than $2500 per year as greater than 75% of all travel involves some level of reimbursed expenses or rewards from such and other such associated credit card/promotional bonus activities.

Honestly the work/life balance is the best it has ever been and I currently enjoy the highest post tax savings rate I have ever had, consistently hovering right at 90%.

[SimplyMarvie]

High Moderate. 

We just spent 3 years living in Europe.  We knew it would be a limited time, and we decided it was well worth it to travel as much as possible while we were there.  I don't track dollars all that closely, but we probably spent $10k+ per year for 2.5 years. 

Most of those were 3-4 days, with a couple longer trips (8-12 days) each year as well.  We saw 32 countries in 34 months, many of them multiple times.  So it was a *lot* of travel.

This is exactly our position. Our net worth is low, but we're in Eastern Europe with good air connections for a short time, so we're trying to balance saving and seizing the day and seeing as much as we can while we're here. We did Paris in Jan, Rome in Feb (on $1400 for 5 people for a week, which I'm crazy proud of), Bulgaria in April and will see friends in the UK this summer and am looking for deals on last moment cruises for this fall and Spain next February. It's really hard to turn down what are sometimes once in a lifetime chances to show our kids the world, so travel is about the only thing we're spending discretionary income on right now. 

[Kaybee]

1. Low

2. Fairly frequently considering my net worth.  My new pattern started about 6 years ago when the reno expenses on my previous house were all taken care of.  It usually involves:
- 1 major trip involving 10+ days overseas every other year
- 1 secondary trip, 4-7 days, within North America
- seemingly a million 2 day trips across Canada to visit friends/family back in Ontario (and before that, it was the reverse, visiting friends/family in Alberta)

BUT - I'm a flight attendant so transportation costs are negligible for me.  Those weekend trips across the country cost me very little since I can get on the plane easily and just crash on someone's couch once I get to my destination.  The other trips usually involve doing the Air BnB thing for the majority of the trip.  Considering my line of work, this is a *very* limited travel schedule but I refuse to be like most of my colleagues and go into debt to travel.  I really DO want to travel more and one of my goals is to increase the number of major/secondary trips I take, even pre-FIRE.

3. I usually budget about $1500-2000 for my "major"trips and often come back with money left over.  The secondary trips might cost around $500-700 and 2 day trips usually only cost me $100 or so.

[arebelspy]

I'm curious if there's any correlation.

Did you ever compile the data to see?

For us:
1. Very high.
2. 52 weeks a year--we're homeless nomads.
3. Don't know how much we spend on "travel," because I don't know how to separate out our normal spending from travel spending.

[boarder42]

I'm curious if there's any correlation.

Did you ever compile the data to see?

For us:
1. Very high.
2. 52 weeks a year--we're homeless nomads.
3. Don't know how much we spend on "travel," because I don't know how to separate out our normal spending from travel spending.

my consensus on this thread is that there isnt really a networth correlation.  its more like a FIRE correlation.. most people want to travel but dont have the time off work to do it ... making it a time not money issue for most on this forum... but higher networth people arent likely to travel more just to spend more on it

[couponvan]

1. Very High
2. 3 week long trips, 10-12 4 day trips
3. $10K-$15K this year, but past years were lower as we did mainly domestic mainland US travel.

Kids have seen all US states except Vermont, Alaska and Hawaii.

I work PT, and get 7 weeks PTO. Pretty much every weekend is a three day weekend...DH gets way less PTO - 3.5 weeks, so I do travel with the kids alone at times in Summer while he works. I've begged him to reduce his schedule, but the man likes to work, and wants to be 150% FI before retiring. He gets several boondoggle "work" weeks each year where he stays at various Ritz Carlton hotels, so don't feel too bad for him getting less vacation....

[Metric Mouse]

I'm curious if there's any correlation.

Did you ever compile the data to see?

For us:
1. Very high.
2. 52 weeks a year--we're homeless nomads.
3. Don't know how much we spend on "travel," because I don't know how to separate out our normal spending from travel spending.

my consensus on this thread is that there isnt really a networth correlation.  its more like a FIRE correlation.. most people want to travel but dont have the time off work to do it ... making it a time not money issue for most on this forum... but higher networth people arent likely to travel more just to spend more on it

I think that is an astute analysis. Probably holds true for a lot of hobbies.

[Slee_stack]

Travel is definitely PTO limited.

1. $~1M
2. 2.5 weeks
3. $1.5k - $2.5k

We blow travel hack 'money' on ridiculous hotels and even lie flat airfare.  Its super silly and fun, but only with 'funny' money.  I suppose I should start saving more miles/points for the future since hacks are getting more and more limited and/or spend challenged.  We also need to quit wasting as much money on restaurants abroad too.  We do find cheaper (and often better!) ones, but we could do a lot better prepping meals on the road.  We could knock are annual travel spending down at least $500 by doing that. Incidental travel (uber/taxi, train/bus), admissions, activities, etc are the bulk of our real dollar costs.

[justjenn]

1. Low
2. 2 international trips/year, 1 domestic/year
3. $5k (for two)

I travel hack, so 90% of the time we arenʻt paying for airfare and hotel. When we do have to pay for accommodations we use AirBnb, which also lets us cut down our food costs since we can cook our own meals. We usually do an international trip in the winter and summer (for our anniversary). So we cut down Christmas/birthday presents for our winter trips (our birthdays are in December and January) and we donʻt exchange anniversary presents.