What is a realistic budget for a vacation?

How much should I budget for a vacation? Many people set aside 5-10% of their net yearly income for leisure travel, but this can vary greatly based on the type of vacations they're planning. Another popular budgeting option is the 50/30/20 rule: 50% of net income is spent on things you need.



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Average Cost of a Vacation for One The average person will spend about $1800-$2500 on a one week vacation. That's estimating $210-$310 a day for hotel and food, and just under $400 for airfare. That doesn't include car expenses or attraction tickets and tours.

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On a $5,000 budget, you'll be able to spend a week at a nice all-inclusive resort while still having extra cash for airfare and day trips.

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Traveling long term is way healthier for your wallet, especially if you travel slowly. In many cases, long term backpacking can even be cheaper than staying in your hometown. Take accommodation, for example. It's almost always cheaper to rent a place for a few weeks or months instead of for a few days.

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That 20% is an average, and what it represents can vary dramatically by career, so make sure you ask your hiring manager to tell you exactly what the travel percentage means for the position you're applying for.

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“In general, people should budget around $1,000 for a long road trip,” said Kyle Kroeger, the founder and CEO of the travel website ViaTravelers. “This will ensure that you have enough money to cover all your expenses and have some leftover in the budget for souvenirs.”

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In general, you should expect it to cost between $25,000 to $35,000 per person to travel around the world for a year. This rough estimate comes from reading travel budgets of other bloggers, various travel planning resources, and our own experience.

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The report also shows that rich Americans choose to stay, at minimum, in a four-star hotel. A quarter of respondents said they're also fond of no-brainer, all-inclusive resorts where everything is planned out for them, and another 25 percent said they prefer five-star hotels.

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Affluent Americans eschew busy summer months and tend to travel in the spring or fall; treat themselves to an average of three vacations a year; and shell out an average of nearly $3,000 per trip.

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