10:33AM
How much is too much to spend on travel?
I spent this morning reviewing my finances on my favorite (and free!) financial tool Mint. Unfortunately I was made painfully aware of something I had always known but never quantified -- I spend a lot of money on traveling.
Last year I spent 12% of my income on travel. As a comparison, I spent 30% on my mortgage and 5% on food and utilities each. I also sock away the financially advised 10% of my income in my 401K and savings. So is 12% of income on my 'hobby' too much?
Would love your comments here.
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