Images by Getty Images; Illustration by Bankrate
When you’re working hard to build financial security, deciding to spend thousands of dollars on a vacation can feel complicated to say the least. You’ve been paying off debt and building a checking account buffer. Maybe even investing for the first time.
But you also want to celebrate a big birthday, take your first solo trip or finally explore the place you’ve been daydreaming about for years. So you start ruminating: Can I really afford to go? Should I put it on a credit card? Is it irresponsible to use debt for something joyful like travel?
This is a conversation I’ve had with multiple clients — especially first-gen wealth builders who grew up watching their parents only use money for food and shelter. Before you decide to leverage debt for a trip,…
