With Summer upon us—vacation season is in full swing. Even in the midst of COVID-19 folks are traveling or having a “stay-cation,” where they stay at home during time off. But then there are many who are not and this seems to happen every year not just in 2020. Whether you’re still working or already retired, taking a vacation is an important investment in your overall well-being.
So, why do so many not use vacation days? Salespeople talk about “leaving money on the table.” Well, employees leave vacation on the table. And the cost is significant.
In fact, Americans leave 429 million vacation hours on this proverbial table, according to a report from Forbes. And USA Today reports that, according to their study, over 30% of employees do not use all of their vacation days.
When we discuss investing, we talk about putting money aside in order to make a profit. We discuss putting money into stocks, bonds, mutual funds and so forth. People also discuss investing in your career, like investing in an education or in a certification. Maybe we should talk about another investment that could pay dividends in your career, which is, of course, the place where you make your money. Is investing in vacation a good idea, or just hokey, happy talk?
Already Retired?
And if you’re already retired, you may think this doesn’t apply to you, yet it just may if you find yourself constantly busy with activities such as volunteering, watching the grandchildren, a part-time job, you name it. When are you actually taking that “break” that you said you would get to once you retired? Everyone, at every stage of life, needs time to unwind once in a while.
Study Results
Research studies support the idea of taking vacations. A University of Pittsburgh study found that leisure activities, including vacations, contributed to less depression and more positive emotions, along with lower blood pressure and smaller waistlines. These results are not surprising since vacation reduces stress.
Benefits
There are, of course, personal benefits to going on vacation or taking a stay-cation. You can enjoy your life more and become closer to your partner, your kids, your grandkids and your friends. You can become physically healthier, too.
Conclusion
Using your vacation time, and using it wisely, helps you to become a better employee, which can only help your company. And most managers understand this. Being a better employee will result, naturally, in a higher salary or a better job.
Investing in vacation, therefore, is both an investment in your own well-being and in your career and salary. Remember to invest in your vacation, just as you invest in your retirement, your education or your house.
At Horizon Financial, we consider your entire situation including your leisure activities, finances, investments, family dynamics as well as your desires for the future. Contact us today to discuss your questions or to schedule your complimentary financial review.
