Lithuanians Plan Modest Summer Holiday Budgets, Survey Shows

Lithuanians are planning modest budgets for their summer holidays this year, with a significant majority intending to spend no more than 1,000 euros per person. A survey commissioned by "Urbas" bank and conducted by "Spinter tyrimai" revealed that 61% of respondents plan to keep their holiday expenses within this limit. Only 18% anticipate spending over 1,000 euros. Julius Ivaška, Director of the Business Service Department at "Urbas" bank, noted that these plans align with standard financial advice, which typically recommends allocating 5-10% of annual income for vacations. For someone earning the average net monthly salary of around 1,400 euros, this translates to an annual income of approximately 17,200 euros, making a 1,000 euro holiday budget a rational choice that allows for quality rest without straining daily finances. The survey further detailed spending habits, with 27% of Lithuanians aiming for a 500-1,000 euro budget and another 23% planning to spend between 200-500 euros. A smaller portion, 14%, intends to spend 1,000-2,000 euros, and only 4% plan to exceed 2,000 euros. Approximately 12% of respondents have not yet finalized their holiday budget, while 10% do not plan to take a vacation during the peak season. The data also indicates that lower-income individuals are not entirely foregoing holidays, with many planning shorter trips within Lithuania or stays with relatives, demonstrating that quality rest is achievable within various budget constraints.

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Holidays should not be a spontaneous purchase that forces you to re-budget your month afterward. If a person earns the average net salary this year – about 1.4 thousand euros – their annual income is about 17.2 thousand euros. In that case, 5-10% would be about 860-1.7 thousand euros. So, the 1 thousand euro amount seen in the survey seems quite rational for many residents – it allows for planning quality rest but does not burden the daily budget.