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

3 savings buckets secure creditStudent Loanpay off debtitemized deductiondon't spend graduationFICO at least 720standard deduction 8 month safety netInterestlow credit scorewrite new goaloverspend on dining outwives should be involved in retirementlower mortgage interestone annual feeborrowing plan closing feesFinancialhigher insurance deductibleCommunication Skills social securityquick closing2016 adjust estimated tax20% equitysuccessNew american Dream HDHP'stitle insurancebe kind to yourselfgrandparent IRA contribution Marlo ThomasSuze Orman's Money WarsSuze approvedis it true? High FICO Score = Better RateGoodbyetax refund fraudloved ones dependent on incomeloan no longer than 36monthsprovider of financial support20% down payment avoid feesLong Term Care shoppingBankruptcyhigh credit score discountSuze changed my lifelower premiumdepreciating asset 20 year level term affordable premiumraising interest ratesMass Mutualresponsible with money2017 Taxesloan big picture Forbes Top 10financial independencemeet monthly Personal FinanceFiscal Responsibilityincentives for health care wellness screeningautomatic paymentget health insuranceapproved medical 100% tax-freedon't use allowance as bribedon't ignore open enrollmentreduce interest rateRetirement IncomeAccuQuote.comdangerous money seasonCredit Card Rate Increaseletter to suzeholiday spendingcostly insurance mistakethree year car loanFinancial Awareness Video Festivalidentity theftclosing costs 2% of loanincrease retirement savingsemotional stakesmonthly benefit LTCi ASAPRoth 401(k)Heartcredit cardget over life insurance phobiacredit reportraise your deductiblekid borrow firstbalance transfer HDHP's are not badcommunity bankfinancial fearsMoneycost of capitalization calculatorstudent loan repayment planemergency fund savingsautomate student loan paymentskeep a schedulealways use all paid time offsocial security not going brokeincreased auto insurance premiumallowance taskcut monthly cellular billNewtown2015 financial roadmapdo you need life insuranceInflation BenefitInfluentialsmanage student loanswaive home inspection bidgift up to 14,000healthy teeth30 year mortgage raise deductibles!00% tuition paidFixed Rate Mortgagenegotiate points with bank or sellershort term goal women outlive menfile asaphome loan credit score below 740 pay credit debt ASAPbuying car 2016public service loan forgiveness programface your financial fear15 year mortgageInvest for savings growthSuze Orman spouse Kathy TravisUniversity of FloridaFederal PLUS loanFinancial Power of Attorneybad decisionsMust Have Documentsinterest on student loansreal estate mistakesCiti Simplicity Card do not pay allowance for good behaviorcollege graduateHigh Credit ScoreARMPost-DivorceCPI-Winterest capitalizationPay Off Debt Before RetirementThe Suze Orman ShowSelectQuote.comTelepicturescostly legal Save Us Moneyprotect loved ones Wall StreetWarner Bros Television Grouppay high rate off firstjanuary billssavingsfraudulent returncredit utilization rateLovesetup automatic savings withdrawstrained relationshiplong term goalwomen longer life spanlow down paymentbreakdown projected monthly housing costburn outdeath benefit 20 to 25 times annual incomeEric Dodge school four steps to retirement savings federal student loan deferment women live longerMotherpoint cost offset by savingsCNBCuniversal college accessteach your child good money habitsmax employee matchMoney Marketplan20% down paymentcalculate dependents annual income needsget the most out of social security verify retirement plan with HR or plan sponsorinsurance yearly reviewstudent loan debtAshley Springerno retirement funds for down paymentCD's740 credit scorejuggle multiple financial goalsPrime Rate Rise 2015housing marketLong Term Care Insurance buy home you can affordpowerfullowest cost fund optionbuy down refundno apologyLTC shoppingpay interest while in school3 bucket approachpay more than minimumnot gender specific kids schedule paymentssmall changes student loan repaymentnew carlearn good financial choicesFree Debt Eliminatorpercentage men widowed 75-84take actionHSA tax savingsmoney vowsLegal Guardianbuying a carworst financial mistakerefinancepublic service career student loan repayment secured cardcar leasingbudgetpremiumritual schedule15-year refinance deal20 to 25 times annual incomeshop online guaranteed level term policypercentage of women widowed 75-84BankNew York Lifepush yourself to save more for retirementSandy Hook Promisecontribute household expenses teens and moneyreal estate marketfamily save at least $100 monthlyclosing disclosureprescription tierCredit Card Interest RateVital DocumentsWillhighest possible benefitbetter loan dealsmoney-aware childleave a legacyco-sign be true to yourselfconfident of solutiondon't defer interest paymentsis it kind?comparison shoppingemployer funding HSAmobile appback door Roth IRAno private loanAmy Lacyet3% debt transferred 50 over 50no interestgift not loanreduce withholdingage appropriate choreGay RightsFinancial AdviceSandy Hook Elementary Schoolpositiveraise insurance deductiblepurely financial standpointFinancial Systemfinancial goal phrasepaid in fullFundspay down student loan debtFICO Scoreage appropriate goalsretirment savingsHDHP/HSA4 Must Have Documents traditional vs roth 401(k)borrow each year, capitalization is going to pile up Financial Gift Cliffcollege studentCOLAsave moneyreplace permanent life insurance with termfocus on new truth Americans don't use all paid vacation timeenjoy saving Exhibitionannual cost of living adjustmentFederal Funds Ratepeace of mindoverspend on giftseight month living expense focus on needsBeautyhealthy retirement weightAARP Social security calculatorLTCtaxesno waiting periodchildren under 18eliminate credit card debtloan is giftstaycationbetter loan ratessidelinedadvice for college graduatesnear historic lowsdoctors in networkstudent loan repayment estimatorFHA loan feesSuze is my biggest mentorAlarm Clockhealthy retirement blood pressure40% toward financial goalcommitaffordabilityhigh premiumsAuto Savings don't charge a pennyConventional loan PMIanticipated salarycut monthly cable billrent vs buydental insurance FRAhome budget after tax costincrease emergency savingslousy investmentignore 6 month grace period debt free2016 adjust withholdingopen enrollment review healthy gumsdear suzefile taxes quicklyunder 18 financial giftbecome member referrals Holidaydental discount planmultiple lenderscredit managementcredit unionshorter payback periodfinancial aidChanging Livesbuy homecompare provider pricingHow To Build CreditJose Rodriguezis it necessarygift grandchild IRA contributionbig results Holiday Seasonhealthy youCory Bookerspring summer best loan deal responsibleearn more on savingsbetter termsinitial tax break repay student loanstoo expensive schoolFederal Reserve6 month waiting periodhome buying seasonlow mileage discountprotect your familymortgage brokerMost Influential Celebrities Listdebit cardmarriage financial responsibilityspeak new goalSwap Older Annuities or Life Insurance Durable Power of Attorney for Health Caregrandchild summer job IRA contributionno private loanssummer job match income US Tax Codeswitch to spouse coverageETF'smortgage interest tax deductiondeath benefit needs for familyteensvalentines dayrising home pricesOne Wallet At A TimeSatisfyingARM Cautionlow-cost index mutual fundHDHP 19 years cash flow problemEasy Life Insurance not enough life insurancelong-term care premiumsrequired disclosurephysical healthStaffords this year have a fixed 6.8% interest rateterm insurancetelevision hostRetirement Savingshigh down paymenthealthy aging social workMinor Children identity fraudmake saving a pleasure401KBaby Boomersretirement accountsemergency fund Veterinary Schooldon't buy wantswould you decline a bonuscreate new truthsame-sex marriageheartacheno splurge protect and provide for minor child automatic withdraw to savings unexpected expensehome buying budgetpreexisting condition not coveredretirementverify wellness screening and programsBill and Pennyreduce monthly paymentone credit cardRichinsurance mistakeloan necessityFinal Goodbyerequire chore in exchange for allowance3 step financial road mapzero rate transfer dealsmax benefit coveredhome buying mistakesno fee transferlower overall drug costrolloverOverspendingInfluential CelebrityLifestylebill paying prioritiesfinancing car studentfull retirement ageadjust allocations Giftterm life insuranceroth iralower rateunsubsidized Stafford loanwomen long term careLong Term Care premiumslong-term care high deductible health care plandoctor no longer in networkno tax on withdrawlsmarriage inequalitystandard ratecontribution Student Debt CrisisUniversity of Illinois8 RulesMortgage Credit Availability IndexSchool of Social Workhome ownershipmax employer matched 401(k) contributionSpendingAdequate Auto and Home InsuranceGraceultimate compounding giftUrbana-Champaignvalue moneyCommencementonly refinance if it paysFICO credit score credit card mortgagesame sex marriage band end Floridacan you afford itfinancial concernlower interest ratealternative FICO scoreIRA contribution gifted moneypay down car loanMoney-SavingCollege of Veterinary Medicinecnbc alarm clockmaintain standard of livingWashingtonconfidentswitch to roth 401(k)higher monthly paymentallowanceraising mortgage rates Death Benefitaccelerate dental workbe good examplechildren's bookFinancial Educatorcar loandon't do five year car loanno late fee Foreclosurelife insuranceretain separate credit cardsyours, mine & oursStudent Debtstore credit cardsCivil RightsCredit score10 year repayment plan non conventional routedon't extend mortgage life insurance name trust as beneficiarymental healthcar buying mistakesEmployer Matched Contributionmonthly dental insurance premiumearn allowanceadd teenSuze Ormandebtovercome financial fearsavoid burn outcompare monthly expensespay 100% cashAARPdon't derail retirement savingslong term carecharges on credit cardpaying for collegeorigination feesschedule vacationbad retirement planningteach importance of helping othersprotect dependent tax ID theftconsider roth 401(k)iffy incomestay positivedental savings planFinancial Cliffhome insurancesave derailed planHoliday Shopping8 month emergency fundgay marriage ban end Florida dangerous retirement plandon't blow tax refundhigh FICO scoreescrowproperty taxsocial security never insolventexercise reguarlyno negativitystretch out haircut appointmentsGiftsFinancial Solutions For YouPhyllis Shelton expert long-term careYoung Adult Stock Investmentsknow before you oweGay Couplesinsurance401(k) Contributionsfinancial argumentsoverspend on nights outSuze Orman Scholarshipno sneaking in feescouple financesback-to-school budgetadult childrenonly offered while employed is it necessary?Teachget credit cardhome related tax break bonus dream schoolretirement planmortgage disclosureFederal Stafford loanEmergency SavingsFinancial Awarenesspermanent life insuranceRevocable Living Trustspecial saving accountcommunity collegeworkaholicHDHP's are good for youemployer offered life insurancemortgagelive below your meansSelfishsavings pleasurePBS Speciallet them have 50% controlincrease retirement contribution rateCombo Insurance Products10% donate to charitypaid vacationbest interest ratesno life insurance financially irresponsiblepresident Obama2015 record year car salesRevocable Trustdon't cover cosmetic dentistryForbesPrime Rate Increaseat worst still pay 75% benefit

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