(Closed) Spinoff… questions to primarily 35+ bees about money and traveling…

posted 5 years ago in 30 Something
  • poll: Travel or save money?
    Travel now. You won't be able to when you're older and have a career. : (12 votes)
    36 %
    Save it. You're using enough up just by existing and not working. Forget seeing the world. : (10 votes)
    30 %
    Travel... that's what student loans are for! : (0 votes)
    Travel, but just a very little bit... : (9 votes)
    27 %
    Suggestion... : (2 votes)
    6 %
  • Post # 3
    Member
    8359 posts
    Bumble Beekeeper

    I don’t know but it seems slightly ungrateful to go travelling around the world spending your money whilst living off your parents generousity, especially at 27 years old and being married.

    That said I spent most of my 20’s travelling and working around the world and I don’t regret it for a minute.

    Post # 5
    Member
    407 posts
    Helper bee
    • Wedding: November 2012

    If you’re going to ever do it, do it now. Once you have a set career, kids, and a house payment, it’ll all be a distant memory of what could have been.

    Post # 6
    Member
    5273 posts
    Bee Keeper
    • Wedding: October 2009

    I have a friend who is in a similar predicament – she is so dead set on traveling that she isn’t putting her money where it should be going (savings, student loans that she has completely defaulted on, a future home, etc.) In fact her and her recent boyfriend argued so much because he wanted to save and she wanted to spend all savings on travel. 

    I see traveling as a luxury item – I am 29, hubs is 28, and we have really only stepped up our traveling after our financial life is in order (no credit card debt, own a home, etc.) We did travel for 6 weeks after college, but this was done REALLY cheap with staying in hostels and eating bread & cheese, but we were 22 and traveling like that was okay, as we were used to being broke college students. BUT, we didn’t go on our next international trip until we were more financially settled (around 25.) 

    To be honest, if you two were in your early 20s, I might say go for it. But since you both are in your late 20s, in an honest opinion, I think you should spend your savings on a home and saving for your financial future. :/ 

     

    Post # 7
    Member
    9205 posts
    Buzzing Beekeeper
    • Wedding: August 2013 - Rocky Mountains USA

    oops double post

    Post # 8
    Member
    9205 posts
    Buzzing Beekeeper
    • Wedding: August 2013 - Rocky Mountains USA

    Traveling is priceless and I think it’s something that should be budgeted for.  Skip the Starbucks and lunches out, or work extra, or whatever, to make it happen.  BUT, I would wait until your husband can go with you.  Surely he will have SOME time off.  Traveling with your partner is so incredibly fun and such a good learning / bonding experience.

    ETA: also I think you should stop hijacking that other thread…  You accidentally offended some people, you’ve explained yourself a gazillion times, just drop it so the OP can get advice on her actual issue.

    Post # 11
    Member
    5273 posts
    Bee Keeper
    • Wedding: October 2009

    @yanamari:  It does change to learn that you are not in debt, that is a huge accomplishment!! I may have misunderstood in the beginning, but do you have additional savings in addition to your house down payment? Or would travel come out of that same savings? 

    If you have additional savings & will not be touching the house down payment – then yes, you should travel now because you won’t be jeopardizing your financial future by doing so. However, if it’s a “wait on the house b/c we will use the money to travel instead” sort of thing, then my original opinion stands. 

    Post # 12
    Member
    2607 posts
    Sugar bee
    • Wedding: September 2011

    Well, on the one hand, drawing from my own experience, I didn’t take a real vacation until I was 36 because I could never afford it, so the responsible part of me says “secure your future first… save up and buy that house before you throw money away on travelling”

    However… two Bees have lost their SO’s on this board in the last month, so the other part of me says “seize the day, and live your life to the fullest.  You never know what tomorrow may bring, so swueeze every bit of joy out of life that you can, while you can”

    The second part of me is winning right now.  Go away with your man.  Be happy. 

    Post # 13
    Member
    3583 posts
    Sugar bee
    • Wedding: August 2012

    @lolot:  A threadjack about a thread jack? You’re a WB ninga!! 😉

    Post # 14
    Member
    2295 posts
    Buzzing bee
    • Wedding: April 2013

    I could not justify using large amounts of money to travel while living with my parents as a married couple. I know other people have different views on that, but that’s me – priority #1 would be getting my own home, be it a rental or purchasing.

    After that, I’d make sure I had a healthy 3 – 6 month emergency fund of living expenses (and I’d err on the side of 6 months, or even a little more if you’re a one-income household).This money is ONLY for unforeseen emergencies like job loss, major medical issues, deductibles on insurance.

    Also should be saving for retirement out of your income, I’m just going to assume that is happening. At a minimum be putting money into a Roth IRA every year assuming you have some level of earned income.

    After that, I’d make sure I had reasonable amounts set aside for basic “I can see these coming” issues – car repairs (I keep $1000 set aside at all times for car repairs & maintenance – that’s not an emergency because it’s pretty predictable), moving, anything that you can kind of see coming in the next year or two.

    After THAT – then I’d be willing to use any additional savings towards lifestyle, and traveling is lifestyle. Lifestyle could also include things like upgrading or buying furniture, new electronics, upgrading car, and spending that is enjoyable but not necessary.

    To me, those extras aren’t fun if I’m going to come home and there will be financial stress when one little bump in the road comes along. Sleeping well at night because I don’t worry about money is much more fun than a trip. You can have both, for sure, but it depends on your situation.

    Post # 15
    Member
    9205 posts
    Buzzing Beekeeper
    • Wedding: August 2013 - Rocky Mountains USA

    @yanamari:  Well, the way you worded it was a little poorly done.  I read it and was like, “Yikes, harsh” before I even saw that others had been offended.  Whereas the OP didn’t come off offensively.  But you’ve explained yourself, and others have responded, and there’s really nowhere else to take it, ya know?  Good ol arguing on the internet 😉

    Good luck with the travel issue.  If you can get a couple weeks off together, I would really really recommend SE Asia.  Tickets are pricey but then its SO cheap and easy once you get there, and seriously like paradise.  Thailand is SO great.  Yes it’s important to save for the future, but you don’t want to get stuck with a house / career / kids and regret NEVER seeing other parts of the world.  (And don’t worry, retirement is another time for travel if you save well, unless you’re not in physical shape for it.)

    Post # 16
    Member
    9205 posts
    Buzzing Beekeeper
    • Wedding: August 2013 - Rocky Mountains USA

    @WillyNilly:  LOL! Laughing  Better to threadjack hers than continue on the other one, I figured.

    The topic ‘Spinoff… questions to primarily 35+ bees about money and traveling…’ is closed to new replies.

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