What if I tell you that you could put $600 into your pocket every year going forward without having to pick up more work or cut expenses? That, quite to the contrary, you would have to work less. Would you call me crazy, delusional, or something a bit more colorful? There is one financial windfall in life we all can’t seem to help themselves but lose every year.
The $600 Financial Windfall Waiting For You
The American “work 24/7” culture has led to a steady decline of vacation days taken since the 1980s. From 20 days to an all time low of 16 days per year. This equates to an average of $600 per worker handed straight back to their employers instead of taking some time off to relax and breathe.
On a good note, there has been a slight uptake in the last few years from 16 to 17 vacation days taken. Could this be some of us realizing that 24/7 work isn’t necessarily the way to financial health? That quality time with family and friends is more important? Or that side hustles are more lucrative then extra hours spent at our day jobs?
660 + million vacation days worth $66.4 billion are being forfeited!
$600 of that is your very own financial windfall!
There are many reasons why Americans choose not to take full advantage of vacation days offered to them by their employers. Some of them are:
- fear of losing their jobs
- concern about coverage of responsibilities
- lack of planning throughout the year with too many days left at the end of the year
How about a change in thinking? Taking your vacation time is about more than the financial windfall you are missing out on. It is also about working to live, not living to work!
- You cannot be laid off for taking your allotted vacation time. That would be against the law.
- If your responsibilities aren’t covered in your absence, it will make your management realize your worth.
- Set up a plan on January 1st as to when to take your vacation days. If you have busy seasons, take time right after.
It is time to take advantage of all vacation days offered to you by your employer! Make plans to take them all throughout the year. Talk to your employer about coverage. And most importantly, don’t lose out!
Spend time with your family and friends. Take a trip. Or read the book you have always wanted to read but didn’t have the time to. It is important for your mental and physical health to take breaks!
” Work to Live. Don’t live to work!”
If you liked this post about the financial windfall you are missing out on, check out this complete listing of personal finance must reads!