Is it ever okay to take on travel debt? A new article in AFAR Magazine, featuring insights from National Debt Relief, explores this tricky question—and the answers are more nuanced than you might expect.
According to the article, nearly 30% of Americans plan to borrow to fund summer vacations, and the average trip costs over $3,800. More surprising? One-third of last summer’s travelers still haven’t paid off those expenses. That kind of lingering travel debt is exactly what financial experts warn against.
But not all debt is created equal. “Travel debt can be good, but it really depends on if you planned for it,” said Natalia Brown, Chief Compliance and Consumer Affairs Officer at National Debt Relief. The difference, she explained, lies in having a realistic payoff strategy. Debt becomes risky when it’s unplanned or driven by pressure—not when it’s budgeted for responsibly.
The article offers practical ways to keep your finances intact while still enjoying a break. Some travelers use automatic payroll deductions to build vacation savings. Others rely on credit card rewards or travel protections. But even these tools require caution—especially with rising interest rates and growing use of buy now, pay later services for trips.
One of the most relatable sections of the piece looks at the emotional side of travel debt. Spending money on milestone events—like a close friend’s wedding or a last visit to a parent—can feel justified. Still, even meaningful travel can lead to stress if it’s not planned for.
Social media only adds to the pressure. We’re surrounded by images of luxury getaways, even though 54% of Americans aren’t traveling this summer, and 65% of that group cite cost as the reason. The gap between what people post and what’s financially realistic can lead to choices that hurt more than help.
Whether you’re planning a once-in-a-lifetime trip or just thinking ahead to your next long weekend, this AFAR Magazine feature is worth reading. It offers real tips for enjoying your adventures without setting your finances back.
Travel debt doesn’t have to ruin your vacation—or your future. Read the full article to find out how to plan wisely and spend with confidence.
