Quote:
Originally Posted by KTP
Of course the downside here is if everyone budgets, there is going to be a lot more unemployment in the service industry  |
The other comment I'd make on this is that I know many people who take a vacation on credit, take a year to pay it off, then take another vacation on credit and take a year to pay that off, and so on.
With proper budgeting, they could flip that cycle around. Save for a year, then take a vacation for cash. Then save for another year and take another vacation for cash, and so on.
Either way, the vacation gets taken but the second way, it doesn't result in a bunch of extra money spent on interest fees making the actual cost lower, freeing up some money for other things.