How to Take a Break Without Breaking the Bank

Setting savings goals and a budget and including the kids in the planning can make your vacation more relaxing and less stressful.

A broken piggy bank with the word vacation on it next to a hammer.
(Image credit: Getty Images)

At an average of 1,750 hours per year, Americans work more than the citizens of almost any other developed nation. That works out to 10 more weeks than the average German worker! With such long hours, it’s important to take vacation time to give us a break from our dedication to labor.

While vacation is supposed to be relaxing, it can instead be the opposite if it causes financial stress. That’s why it’s essential to carefully plan for your vacation as you would any other significant expense, making sure your trip’s spending is budgeted thoroughly.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Jared Elson, Investment Adviser
CEO, Authentikos Advisory

Jared Elson is a Series 65 Licensed Investment Adviser Representative (IAR) and the CEO of Authentikos Advisory. Following a 10-year career with Yahoo, Jared identified an acute need for sound financial counsel in the tech industry and has excelled in giving tech professionals the tools they need to grow and preserve their wealth.