I recently heard about Girls Trip co and it seems like a good idea, but the price and length of the trip seem difficult to accommodate. But I want to learn idk how I can if that makes sense or to confirm that even if I can, I shouldn’t ever unless I get a higher income.
The international trip fees are usually $2500 not including flights, meals, and what you do in spare time. That’s at least 55% of my monthly take-home pay.
Just wondering if there’s some budgeting involved or if people that go on these trips are just making 100k+ a year. And when you go on these, is it usually once a year? If you’re a remote worker, have you tried going on these without taking days off?
If you think a different subreddit would better suit this question, please lmk.
How do I budget for a premium group travel experience?
byu/RhubarbBusy7122 inpersonalfinance
Posted by RhubarbBusy7122
7 Comments
If a trip costs over half your monthly take-home, it’s probably not something to rush unless you’re okay cutting back elsewhere. Most people doing those trips either earn more or save up over time (like setting aside a bit each month), and it’s usually a once-a-year or less thing. You could try mapping it out in a simple spreadsheet to see if it’s realistic for you without stretching your budget too much.
How big is the “vacation” line in your budget?
You budget for it like anything else. You save X monthly for Y months until you have enough money to go
id guess a lot of people pay with debt; but that doesnt mean you have to.
if you can save 200/mo for trips; you can take a 2k vacation every year
many people are afraid to use their PTO; but if you have the time and give proper notice many places will not care if you take a 10 day vacation
also 2500, not including airfare/food/activities (which are each big costs)………..what are you paing 2500 for? planning/scheduling/lodging?? id bet the total cost ends up being closer to 4k
Its really a question of saving up for it, not sticking it on a credit card or afterpay.
Thats what generations would do. Save money and spend it on a vacation.
Now everyone goes to Disney on a credit card or uses that affirm crap and pays double to triple over the payoff, or worse.
Personally, my approach to travel is that the most i should spend on a holiday would at most make me wince at the cost, but I can pay for it at least 5 times over.
So my savings will always pay for it, but that doesn’t mean I don’t find it expensive.
I’ve only recently started going on trips that cost 1k+ and I technically could have paid for them 5-10x over (my savings have fluctuated).
That’s my comfort level. If I have a bit trip coming up, I aggressively budget for it in the months leading to it (and usually end up taking from my savings too). I then use the fact that I was aggressively budgeting as a way to pay back my savings to in the months following the expensive trip because I will miss the money less.
But I prefer to do lots of trips multiple times a year and I am happy to be very low budget
You budget for things you can actually afford. My travel trajectory went: camping near home, road trip to see friends, disney and pocket sandwiches and a motel 6, shoddy all inclusive in Mexico, nice all inclusive in Mexico, boutique resort in the Caribbean. Over 25 years, my budget increased and so did the level of travel I could afford.
You’re trying to run before your budget can walk. Save a reasonable amount per month, then book something that costs the right amount (don’t forget travel insurance, tips, tours, souvenirs, and some emergency money).
Also, no one needs to pay a service to plan a luxury vacation. Buy a package vacation from an airline, go to a normal travel agent, or do it yourself online. If you’re booking for a large group, many airlines and hotels offer discounts. Concierge travel is for people with multiple designer bags and a new car that costs over a hundred grand every few years. It’s not for most of us, and that’s okay.