Staycation

Dictionary Says

Definition of 'Staycation'

A vacation spent at or near your own home, rather than traveling to another location. People take staycations for many reasons, including but not limited to, saving money, avoiding travel, and taking advantage of and enjoying what is available in their own city.
Investopedia Says

Investopedia explains 'Staycation'

As fuel costs increase, travel to distant locales becomes increasingly more expensive. These higher travel costs are the reasons that some people choose to staycation, rather than vacation. Setting up a tent in the backyard, could be just the rest and relaxation that is needed, and is an economical solution to traveling by car to the nearest national park or recreation area.
 
It isn't just fuel costs that make people not want to travel. Threats of terrorism, has made international travel much more agonizing, as vacationers deal with added security, long lines and new visa requirements. A romantic evening in a hotel just down the street from a couple's home, could be a lot less stressful than planning and taking that holiday abroad.

Related Definitions

  • Vacation Home

    A home separate from an individual's primary residence that is used for recreational purposes and may also be rented out at unused times.
    Read More »
  • Discretionary Income

    The amount of an individual's income that is left for spending, investing or saving after taxes and personal necessities (such as food, shelter, and clothing) have been paid. ...
    Read More »
  • Budget

    An estimation of the revenue and expenses over a specified future period of time. A budget can be made for a person, family, group of people, business, government, country, multinational ...
    Read More »
    • Money Management

      The process of budgeting, saving, investing, spending or otherwise in overseeing the cash usage of an individual or group. The predominant use of the phrase in financial markets is that ...
      Read More »
    • Kids In Parents' Pockets Eroding Retirement Savings - KIPPERS

      A slang term referring to adult children who are out of school and in their working years, but are still living at home with their parents. These parents face the challenge of managing ...
      Read More »
    • Savings

      According to Keynesian economics, the amount left over when the cost of a person's consumer expenditure is subtracted from the amount of disposable income that he or she earns in a given ...
      Read More »

Articles Of Interest

Partner Links