Over 1 in 4 Americans are skipping a summer vacation this year—here's why via CNBCMakeIt
Summer vacation season is almost here and most Americans will be taking advantage of the good weather to plan a trip or kick back.
The biggest reason some are opting to skip a trip this year? They can't afford it: A full 60% of respondents who say they're not taking a summer vacation point to that as the reason why. If you're undecided or think you can't afford it, Rossman says it's not too late:"There is still time, whether it's through budgeting or through getting the right credit card, there is still time to take a great trip this year."
It can also help to add income streams."Go out and just try to make a little extra money," Millennial Money founder Grant Sabatier tells CNBC Make It."You don't have to go crazy, you don't have to go out and make an extra $10,000 or more per month, but every $1,000 you make and invest instead" can help you achieve your goals.
Picking the right card is key, especially because it's already so close to the start of the summer travel season. Most people may be better off with a cash-back card, as opposed to an airline miles card, Rossman says. That's because it can take a few months for rewards to kick in: You may need to wait to be approved for the card, for example, or it could take time to spend the amount needed to earn an introductory bonus.
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