Will RE this year and wondering how much everyone sets aside for an annual travel budget? I expect I will travel more than usual the next 5 years (son just starting high school) as this will be the prime time for the family to travel together.
In other words, I expect a larger travel budget for the first 5 year of RE. Want to go to Europe and travel a ton around the U.S. I think $20K-25K a year for the first 4 or 5 years would be reasonable. Keep in mind, I expect the amount to DRAMATICALLY (i.e. maybe 1/5 of that) drop off after that time, but want to enjoy the next few years when the family will be together and my son won't think we are cramping his style (i.e. I get that it may happen sooner than I have planned for, but I know he wants to travel with us in high school). Thoughts?
In other words, I expect a larger travel budget for the first 5 year of RE. Want to go to Europe and travel a ton around the U.S. I think $20K-25K a year for the first 4 or 5 years would be reasonable. Keep in mind, I expect the amount to DRAMATICALLY (i.e. maybe 1/5 of that) drop off after that time, but want to enjoy the next few years when the family will be together and my son won't think we are cramping his style (i.e. I get that it may happen sooner than I have planned for, but I know he wants to travel with us in high school). Thoughts?