Summer vacations are fun, but also expensive. This reality is sinking in for many Americans, as they are choosing to bypass a trip this year because money is just too tight.
USA Today reports that 39 million American adults will not be taking a summer vacation this year. Of those who said they’re passing up the chance to get some R&R, 60 percent said the main reason was that they simply can’t afford a trip. When you consider that the average American spends just under $2,000 on summer vacations — and that almost half of Americans say they don’t have $400 to put toward an actual emergency — it’s not that shocking that some people are choosing to stay home this year.
While people opting out of summer trips sounds unfortunate, there is a bit of a silver lining here: People are using the money they would have spent on their trips to keep up with bills and pay down debt. Of those who said they weren’t taking a trip, 44 percent said they were using the cash to pay bills and 22 percent said they were using the cash to get rid of debt.
If you’re considering skipping vacation to save some cash, that’s your choice. Just remember that there are ways to make your trip cheaper than $2,000. Stay with friends instead of a hotel. Fly during off-peak days/weekends. Try checking out a cheaper location, like a National Park. The key is to do plenty of research so that when next summer comes around, you can take a breather while knowing that your finances are intact.