Paycation

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DEFINITION of 'Paycation'

Taking a vacation from one's main job and using that vacation time to make extra pay at a second job. A paycation can help make ends meet in tough economic times. The term gained popularity during the financial crisis of 2008-2009 when many people took paycations to supplement their incomes.

BREAKING DOWN 'Paycation'

Much like many other financial buzz words which gained popularity during the financial crisis of 2008-2009, a paycation is a light-hearted twist on the high unemployment rates of the time. Paycations can range from teaching courses to doing some freelance work during your vacation time.

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