Suze Orman TwitterSuze Orman FacebookSuze Orman YouTubeSuze Orman LinkedIn
View Blog & News List

The Big Mistake Half of Workers Make

January 26, 2017 at 5:00 AM

A recent survey reports that 52% of workers who were eligible for paid vacation last year, didn’t use all their available time off.

I think that’s a mistake. One of the biggest threats to your career is becoming so burned out that you not only hate your job, but the quality of your work begins to decline. And don’t for a second think that you can “hide” your burnout from your colleagues, and especially your manager. They will see it, feel it, and be impacted by it. That not only will make for strained relations in your day-to-day work environment, but it also makes you vulnerable to being overlooked for a promotion, or at the extreme, being laid off. And if you run your own business, vacations are doubly important. If you have employees, a rested, revitalized you is going to be a much better boss. And by giving our brain the time to decompress you will come back with more energy and insights into how to drive your business forward. Vacations should be a part of every business plan.

So don’t you dare make the mistake of thinking being a workaholic is a smart career move. No, no, no!

Here’s how to work on a smart vacation strategy.

Beware the Rollover Trap. Many employers allow employees to roll over any unused vacation days into the following year. I get that some people are strategically saving up time for a big break. Just be careful. Not taking any vacation days so you have more next year, or the year can really backfire on you if it makes you a grump at work.

Put in for Time Off. I want you to request time off for at least one-third of your allotted vacation days, right now. I’d suggest taking all the vacation time you are entitled to, but I am making a concession to any of you who are strategically bankrolling time for next year.

It’s early in the year, so pull out a calendar, figure out some chunks of time, and then put in for the days off. By taking the formal step of requesting the time off you are committing to the vacation time.

Don’t Apologize for Vacation Time. Even if you are surrounded by workaholics, don’t be at all apologetic for your time off. You are the smart and healthy trendsetter.

Too Broke to Travel? So What. If you can’t afford a bona fide getaway, don’t use that as an excuse to just keep working. Plan a staycation that is all about you. Whether its sleeping in and binge watching, making it to an exercise class a few times, or cleaning out your closets, you know there are plenty of things you’d love to “do” if only you had the time. Well, you do have the time. Vacation time. It’s one of the smartest career moves you can make.

Tag Cloud

verify wellness screening and programslet them have 50% controlFinancial Power of Attorneyconfidentfocus on needsemergency fund savingswomen long term careanticipated salarymortgage brokerteens and moneyjanuary billsmax employer matched 401(k) contributionbest interest rateszero rate transfer dealsreplace permanent life insurance with termUrbana-ChampaignHSA tax savingssavingspush yourself to save more for retirementget over life insurance phobiaRevocable TrustBankruptcycut monthly cable billretirment savingsRetirement SavingsHDHP's are not badSuze Orman Scholarshiponly offered while employed co-sign worst financial mistakefinancial argumentsprofessional advisorearn allowancehigh premiumsAuto Savings kid borrow firstraising mortgage rates healthy retirement blood pressureexercise reguarlycommitEmployer Matched Contributionterm insurancehome loan credit score below 740 ultimate compounding giftteach importance of helping othersreduce interest rateFederal Funds RateStaffords this year have a fixed 6.8% interest rateAccuQuote.comCD'ssave moneyhigher insurance deductibleignore 6 month grace period CPI-Wdental discount planmanage student loansannual cost of living adjustmentWall StreetFiscal Responsibility20 to 25 times annual incomemoney vowspaid vacationhighest possible benefitinsurancepreexisting condition not coveredpublic service loan forgiveness programraise deductiblescharges on credit cardDurable Power of Attorney for Health Carebe true to yourselfno negativityMass MutualHDHP's are good for youSave Us Moneyback-to-school budgetalways use all paid time offInvest for savings growthfinancial goal phrasesidelinedritual scheduleETF'screate new truthFundsFree Debt Eliminatorcompare provider pricing20% equityreduce monthly payment19 years cash flow problempercentage men widowed 75-84FRAStudent Debt Crisishealthy teeth10 year repayment plan New York LifeFICO at least 720age appropriate choresmall changes identity theftsame sex marriage band end Floridaunsubsidized Stafford loanhealthy gumsaffordabilityhome ownershippaid in fullstaycationThe Suze Orman Showraising interest ratesbest loan deal costly insurance mistakehome buying budget2016 adjust withholdingtax refund fraudForbesfinancing car student loan repayment estimatorLoveFederal Stafford loanfinancial independenceCredit Card Interest RateAARP Social security calculatordon't buy wantsspecial saving account2015 financial roadmappublic service career student loan repayment Influential Celebrity401(k) Contributionscnbc alarm clockautomatic withdraw to savings speak new goalpay more than minimumFixed Rate Mortgagelong-term care Federal PLUS loanRevocable Living Trusthousing marketrolloverCollege of Veterinary Medicinehome buying mistakesbad retirement planningloan necessitywomen live longerpowerfulget health insuranceretirement accountsfocus on new truth Giftderailed planlowest cost fund optionGracemake saving a pleasureno private loansopen enrollment review 20 year level term is it necessaryno retirement funds for down paymentlow down paymentdebtUniversity of Illinoisadjust allocations School of Social Workpurely financial standpointbuy homesummer job match income mortgage disclosurecar buying mistakesHigh FICO Score = Better Ratetelevision host401Kidentity fraudholiday spendinggay marriage ban end Florida life insurance name trust as beneficiaryStudent DebtHigh Credit ScoreAARPraise your deductiblevalue moneydoctor no longer in networkFinancial CliffrefinanceresponsibleFinancial Solutions For Yourising home pricescontribution student loan repayment planclosing costs 2% of loannegotiate points with bank or sellerSandy Hook Promisedon't do five year car loan50 over 50allowance taskhealthy aging overspend on gifts3 savings buckets college graduatepay down student loan debt15-year refinance dealrepay student loansone credit cardlife insurancenew carno apologyemployer funding HSAgrandchild summer job IRA contributioncredit utilization ratelower interest ratecommissionsSelectQuote.comsocial securitycost of capitalization calculatorpeace of mindprotect and provide for minor child 740 credit scoreconsider roth 401(k)incentives for health care wellness screeningwomen longer life spanget credit cardbudgetretirementSandy Hook Elementary Schoolcredit managementincrease retirement contribution ratenon conventional routeMoneyAlarm Clockloan is giftreal estate mistakeslower ratecan you afford itdon't charge a pennyprotect your familyknow before you oweno splurge federal student loan deferment spring summer Baby Boomersborrowing plan Financial Systeminsurance mistakebig results closing disclosureAmy Lacyetwomen outlive menterm life insuranceborrow each year, capitalization is going to pile up do you need life insurance!00% tuition paidcomparison shoppingFederal Reservecar leasingWashington3 bucket approachis it true? student loan debtloan no longer than 36monthsOverspendingMotherno life insurance financially irresponsibleCiti Simplicity Card ARMtitle insurancelow credit scorePrime Rate Rise 2015Adequate Auto and Home Insurancesocial workback door Roth IRACNBCcouple financesphysical healthmax benefit coveredloved ones dependent on incomeMinor Children New american Dream schedule vacationbuy down protect dependent Financial Gift CliffHolidaybecome member Eric Dodge near historic lowsis it necessary?fraudulent returnhealthy retirement weightrefundno late fee multiple lendersapproved medical 100% tax-freeprotect loved ones no private loan15 year mortgageinsurance yearly reviewlower premiumsavings pleasureStudent LoanHDHP'sincreased auto insurance premiumcredit cardlearn good financial choicesproperty taxautomatic paymenthigh FICO scoreTeachcommunity collegedebit cardCommencementTelepicturesyours, mine & oursCommunication Skills Jose RodriguezInterestAshley Springerdeath benefit needs for familyHeartfull retirement age30 year mortgage FHA loan feeslousy investmentMortgage Credit Availability IndexConventional loan PMIWarner Bros Television Groupfamily save at least $100 monthlyteensno tax on withdrawlsmortgage interest tax deductionPay Off Debt Before Retirementchildren's bookrequired disclosurestandard ratedangerous retirement plansetup automatic savings withdrawlower mortgage interestreal estate marketpoint cost offset by savingsLong Term Care premiumsFinancial Educatorfile asapunexpected expenseFICO credit score credit card mortgageGoodbyelong term goalVeterinary SchoolInfluentialsPersonal Financestay positivequick closingleave a legacybetter loan ratesHoliday ShoppingFinancialjuggle multiple financial goals2015 record year car salesRichUS Tax Codeswitch to roth 401(k)interest capitalizationworkaholicOne Wallet At A Timestore credit cardslive below your meansaccelerate dental workMoney-Savingbad decisionsshop online guaranteed level term policycredit reportlow-cost index mutual fundgrandparent IRA contribution closing feesPost-Divorcethree year car loanbuying a carCredit Card Rate Increasehealthy youhome buying seasonSuze Orman spouse Kathy Travisroth irahigh down payment20% down payment avoid feesbalance transfer home insurancedon't derail retirement savingsmarriage financial responsibilitymoney-aware childno sneaking in feesitemized deductionMoney Marketdoctors in networkFinancial AdviceCivil Rightsreduce withholdingkeep a schedulemeet monthly engaged in financescompare monthly expensesIRA contribution gifted moneystudentbe kind to yourselftoo expensive schoolno interestpositivepresident Obamacostly legal confident of solutionstrained relationshipprovider of financial supportaffordable premiuminitial tax break eliminate credit card debtExhibitioniffy incomepay credit debt ASAPincrease retirement savingsearn more on savingssave buy home you can affordSuze is my biggest mentorVital DocumentsSwap Older Annuities or Life Insurance don't blow tax refund20% down paymentretirement planverify retirement plan with HR or plan sponsorFinancial Awarenessschool origination feesavoid burn outdon't extend mortgage WillCredit scorefinancial concernheartache8 month safety netmonthly benefit permanent life insuranceEmergency Savingsemotional stakesfiduciaryenjoy saving adult childrenescrowLegal Guardiandental insurance waive home inspection bid2016 adjust estimated taxone annual feecontribute household expenses Americans don't use all paid vacation timeletter to suzepay interest while in schoolmarriage inequalityBeautyMost Influential Celebrities ListHDHP low mileage discountwould you decline a bonusCOLAunder 18 financial giftSuze changed my lifeat worst still pay 75% benefitpaying for collegeallowanceshorter payback perioddon't defer interest paymentsBill and Pennylong-term care premiumsincrease emergency savingsmortgagebreakdown projected monthly housing costStock InvestmentsSatisfying8 month emergency fundpay off debtstretch out haircut appointmentscar loanLTC shoppingretain separate credit cardsnot enough life insuranceinterest on student loansGiftsBankpercentage of women widowed 75-84alternative FICO scoreloan big picture don't cover cosmetic dentistrynot gender specific financial aidage appropriate goalsbetter termsbill paying prioritiessocial security never insolventMust Have Documentsteach your child good money habitsSuze Orman's Money Warsmonthly dental insurance premiumNewtowntax ID theftdangerous money seasonface your financial fearlong term carerequire chore in exchange for allowancemax employee matchdon't spend overspend on nights outPhyllis Shelton expert long-term carereferrals student loan repaymentburn outhome related tax break bonus Combo Insurance Productshigh credit score discountLTCgraduationYoung Adult planfour steps to retirement savings wives should be involved in retirementsame-sex marriageInflation Benefitpremiumno fee transferSelfishFICO Scorecollege studentbe good examplecredit unionemergency fund prescription tierGay Couplescut monthly cellular bill4 Must Have Documents successuniversal college accessSuze Ormancalculate dependents annual income needs6 month waiting periodoverspend on dining outget the most out of social security Gay RightsUniversity of Floridaonly refinance if it paysLong Term Care Insurance How To Build CreditEasy Life Insurance traditional vs roth 401(k)pay down car loanSuze approveddebt freelower overall drug cost8 Rulespay high rate off firstLong Term Care shoppingdream school2017 Taxesstandard deduction Holiday Seasonovercome financial fearsvalentines daydo not pay allowance for good behaviorpay 100% cashLTCi ASAP10% donate to charityRetirement Incomemaintain standard of livingdepreciating asset 3 step financial road mapmobile appgift not loanis it kind?Spendingrent vs buychildren under 18take action3% debt transferred Prime Rate IncreaseFinancial Awareness Video FestivalDeath Benefitkids schedule paymentsForeclosureswitch to spouse coveragemental healthraise insurance deductibledental savings planbest interest of investorFinal Goodbyeno waiting periodhome budget after tax costfile taxes quicklyCory Bookergift up to 14,000Marlo Thomasadd teenRoth 401(k)ARM Cautiondear suze40% toward financial goaladvice for college graduatessocial security not going brokesuitableshort term goal PBS SpecialChanging Livesdeath benefit 20 to 25 times annual incomeLifestyleHDHP/HSAfinancial fearsresponsible with moneytaxesbetter loan dealsautomate student loan paymentseight month living expense community bankhigher monthly paymentdon't use allowance as bribeemployer offered life insurancedon't ignore open enrollmentsecured cardgift grandchild IRA contributionwrite new goalbuying car 2016Forbes Top 10high deductible health care plansecure credit

View Blog & News List
People First. Then Money. Then Things.
Connect with me on Facebook Connect with me on YouTube Connect with me on Twitter
© 2017 Suze Orman Media Inc. All rights reserved.
 |  Search  |  Sitemap  |  Privacy  |  Terms
Sign Up For E-mail Offers
Open Panel
Close Panel