(Closed) Would you save or splurge in this situation??

posted 7 years ago in The Lounge
  • poll: Should we keep saving or have a nice vacation?
    Keep saving! : (51 votes)
    56 %
    Live a little! : (36 votes)
    40 %
    Other : (4 votes)
    4 %
  • Post # 32
    9824 posts
    Buzzing Beekeeper
    • Wedding: September 2013

    I would say consider taking the vacation, as long as you aren’t going over your $2-$3K budget.  You can also get cheap flights to Costa Rica and Mexico, as others have mentioned.  Since you’re both in school, I assume you’re fairly young (21-22?)…I don’t necessarily see a huge rush to get a house/engaged.  You have plenty of time for that.  So I would take the trip even if it took you an extra few months to re-gain that money.  I think you’re young enough it won’t matter, so I would take the opportunity to travel a little.

    If you were older and needed a house ASAP I would say continue to save.

    Post # 33
    2269 posts
    Buzzing bee

    @Simba-Leigh:  I def say down payment. Having an extra $3,000 to put down on the house saves a lot in interest over the years. Your “$3,000” vacation could wind up costing you $5,000 if you factor in the extra interest you’ll pay because you have $3,000 less to put down on the house. If your rate is higher than 4%, the interest would be even more than $2,000 extra.

    Post # 34
    9053 posts
    Buzzing Beekeeper
    • Wedding: June 2010

    @Simba-Leigh:  If you’re thinking Europe I’d plan to spend a little more than 2-3000.  We went for 3 weeks s and spent close to $12,000, and definitely weren’t super extravagant.  $3000 was just air fare and in major European cities 200/night for a hotel doesn’t really go that far.

    But I’d still take a vacation, but maybe one that’s actually in the $3-4000 range.  Once you start working full time, you’ll have the money, but not the time to go somewhere, and once you have a house it’ll always seem like you should be saving money for that.


    Post # 35
    4429 posts
    Honey bee
    • Wedding: April 2014

    @Simba-Leigh:  i say go on a nice cruise ; ) you wont spend alot we got ours for $800.00 for 5 beautiful days it was wonderful. i think you need to get away together you both from what it sounds have saved enough and have been working hard its time to play a lil ; ) God never promised us tomorrow enjoy your selves with a lil get away but dont spent alot its a win win that way. our cruise cost us with spending money that we really did not have to spend i spent about 500.00 FH is a lil frugal lol he spent about $400.00 but we did not have to spend a dime everything on the ship in included except drinks and i love my frozen drinks and i spent on the islands but i was being extravagant with my spending we would have been fine bringing $500.00 for the both of us. were going on a 7 day for our honeymoon and were going to bring a grand for the both of us.

    Post # 36
    2188 posts
    Buzzing bee
    • Wedding: March 2024

    I would go on a less expensive vacation where you can still have a ton of fun but it wouldn’t cost as much as Europe, maybe an all inclusive resort or cruise. However I wouldn’t spend more than 4k (Europe is WAY more than that!). That way you both get what you want, keep saving but take a great vacation that isn’t going to break the bank! And your house fund will stay mostly in tact!

    The topic ‘Would you save or splurge in this situation??’ is closed to new replies.

    Find Amazing Vendors