it's whatever your priorities dictate. If you want to spend all of your money where you are, don't cry that you haven't been able to save any to go travel the world. $5K-$10K is not a small travel budget for a single person if you spend wisely. If you're expecting to stay at 5 star resorts and party like you have a trust fund, then yeah, good luck with that.
If I were still single (and younger), I would have taken that $10K and lived an awesome 6 months abroad. But 15 years ago my priorities were a fast-ish car, a nice apartment, eating out every night, and trying to impress a girl (now my wife). It's worked out well for me regardless.
[edit]Your attitude comes off as very entitled BTW. You complain about "...don't spend my money on anything nice, having fun, or treating myself to something special". Oh woe is me, I can't travel the world and buy that latest iphone and fancy new clothes...sheesh!