IMOR Financial - Blog

The IMOR Financial Blog

suitcase with sun hat on top in the middle of a sandy beach

Most Americans have been overspending on credit cards for everyday expenses, but when it comes to travel, people seem to be using their savings. This is according to an April 2022 survey by GOBankingRates, in which 62% of respondents indicated they used savings instead of a credit card or other source of funding for their travel expenses. This could be a very smart decision because if you go into debt to just to go on vacation this can lead to long-term financial consequences.

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