Taking a vacation isn't just about escaping the daily grind and enjoying yourself – it’s essential for your health. Despite this, fewer Americans are taking time off. In 2000, the average American took nearly three weeks of vacation per year, but by 2015, that number had dwindled to just over two weeks. Additionally, over 68% of those surveyed who did take a vacation in 2023 ended up working remotely during their time off. This means Americans have lost almost a week of vacation over the past 15 years.
Our culture glorifies constant work and frowns upon taking breaks, but this mindset can backfire. Without regular downtime to recharge, productivity can suffer. Employers should encourage their teams to take regular vacations to maintain high energy levels. Workers who take consistent breaks are less likely to burn out and tend to be more creative and productive than their overworked counterparts.
Studies show that vacations have tangible health benefits. One study found that just three days after returning from vacation, participants reported better sleep, improved mood, and fewer physical complaints. These benefits lasted five weeks, especially for those who enjoyed their vacations and had ample personal time.
However, poorly planned vacations can lead to more stress. Those who had negative vacation experiences often left planning until the last minute. With summer approaching and vacation costs on the rise, it’s important to plan and save effectively.
According to the Bureau for Transportation Statistics, the average round-trip domestic flight will cost $378. Once at your destination, the daily average cost for travel in most major U.S. cities was $354.55 including a hotel, car rental, and meals. If you're eyeing a vacation in late August or September, you have a couple of months to save up.
Here are some practical ways to save money for your next vacation:
Brown-Bagging Lunch: Instead of buying lunch, pack your meals. If you replace two purchased lunches with homemade ones each week, you could save around $14 weekly.
Grocery Bill Reduction: Shop strategically by buying in-season produce, meal-prepping, and comparing store sales. Use what you already have in your pantry before buying more.
Sell Unused Items: Take advantage of online marketplaces to sell items you no longer need. This not only declutters your home but also puts extra cash in your pocket. Clothes, electronics, and furniture can fetch a good price if they’re in good condition.
Freeze the Gym Membership: Consider canceling or freezing your gym membership for the summer and exercise outdoors. This can save you around $40 to $50 monthly.
Make Coffee at Home: Skipping the daily coffee run can save you about $13.50 each week if you make your coffee at home.
Limit Spending: Reducing online shopping and unnecessary purchases can help you focus on saving for your vacation.
You don’t have to make all these changes at once, but incorporating a few can help you build your savings. Whether you're planning a vacation this summer or in the future, these small steps can ensure you don't bring the financial stress of your trip back home.