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Clark Howard: Vacation funds

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Updated: 8/06/2013 10:57 am

JACKSONVILLE, Fla. -- How do you pay for vacation? If you're like most people, you end up not taking a lot of vacations because you haven't put the money aside.

Just like the thing with retirement, if you don't put money aside, you keep on working, you don't get to play for the rest of your life.

So listen to this idea that more than 200 companies have adopted. It's a vacation plan. It's kind of like a 401K for vacations. You put money in, they deduct it from your paycheck each month and then there's kind of like an employer match for your vacation that stretches every dollar you've saved like another fifty cents.

So it gets you into the mode of saving money and makes sure you take a vacation. You know a lot of employers are interested in motivating you to clear your head to get away.

This is really smart, because it's my belief that if people don't take time off, don't get away, they burn out.

They're not good employees anymore. So everybody wins if you save.

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Watch Clark Howard weekday mornings on Action News This Morning on FOX30 beginning at 7 a.m.

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