How desperate are you for a vacation? New research shows that some Americans would put their finances in jeopardy to go away.
Twelve percent of Americans are willing to forego paying their bills to be able to go on vacation, and four percent are even willing to skip a mortgage or rent payment, according to a recent consumer survey conducted on behalf of Tripping.com, a vacation rental search engine that aggregates listings from HomeAway, HouseTrip, FlipKey, and other travel sites.
"It definitely surprised us to hear that people would skip out on important financial responsibilities, such as a mortgage, in order to finance their vacations," said Jen O'Neal, founder and CEO of Tripping.com.
J.D. Roth, founder and editor of the personal finance blog GetRichSlowly.org and the author of Your Money: The Missing Manual, believes it's important to spend money on what you're passionate about while at the same time cutting back on the things you don't care about. But he says he would never advocate not paying your bills. "That sounds like misplaced priorities."