Why do people go into debt to go on a holiday

Because life with working full time just to pay the bills is an unrelenting grind and people take a risk with credit to have something to look forward to.

Because they need one? Because they can? Because your normality is not their normality.

Stop judging people.

Life is short. People have different pleasures, priorities, values. It’s not that hard to understand, is it?

Why resurrect a thread from 6 months back,
where OP disappeared anyway. To show us all how perfect you are?

We did this when our DC were little. If we’d waited until we could afford to save, our kids would have grown up and we’d have never had those precious memories.

We are paying it all off now they’re young adults and although debt is a bummer, I’d never regret it. It bought us priceless family times at a time when we couldn’t afford it, but couldn’t afford not to.

I've started a thread calling out right folk. But I wouldn't get in debt to go on holiday. I couldn't enjoy the holiday properly if it had put me in a bad situation financially

Self entitlement and hedonism, if you can afford it then don’t go. and don’t buy things you can’t afford, harder to buy the things you need.

My mortgage is paid, don’t drink or smoke. I do pay on the card for extra safety but always clear card at the end of the month

PS Not, all holidays are sitting in the beach baking in the sun. I rode a motorcycle sixty thousand miles through Europe on my own, wild camping in Russia and Scandinavian, beach holidays are my ideas of hell unless I’m scuba diving or playing about in boats

Yes, pretty much.
works for me but appreciate it’s not how everyone wants to do things.
I booked 3 holidays for next year on 0%…. 2 fully paid and the other 1 about half paid now.

Is there a point to this thread? The OP has disappeared.

If you have savings then this isn’t about you.

So lack of patience and delayed gratification? That’s what I thought. Beneficial to the economy but means a lot of people will say they don’t have any money when actually they’re just spending it before they’ve actually earned it. Sounds like a bit of a poverty trap?
As I said before the poor plan for the weekend. Which is why they remain poor. Must be a mindset .

Because we just don’t want to wait while we save. I’m not bothered about a bit of debt, it’s not a huge amount.

If you’ve got the means to pay it back surely that’s what credit cards are for? We would never have done a single thing or had a single holiday when our children were little if we hadn’t gone into debt. Being able to save is a sign of privilege.

Because life is short. They can. They want to. Its not illegal. It doesn't hurt anyone. They might not have another way to have the holiday.

I don't get into debt to pay for holidays but if I couldn't afford one I absolutely would. Holidays are really important to me, more important than my mobile phone contract, beauty treatments, new clothes, haircuts, tv pretty much everything except food. We all have different priorities.

🤣🤣🤣

We’ve done this because we wanted to enjoy a few holidays with the DC. If we waited until all the debt was paid and saved up it would take another 5 years and DS would be 18 by then.

The debt was due to DH being ill and not being able to work for 3 years. We’d been through a horrendous time already. Just working to pay bills/debt for another 5 years would be depressing and we were confident we could pay it back. It’s all on 0% cards so no interest. We’re not planning any more holidays now until it’s paid off.

I went into debt for a sofa. Lots of people would say to wait until I had saved. But my back was sore and I wanted to be in comfort. I'll pay it off in 2 years. 0%. Being able to manage debt is a skill in itself. Doesn't worry me at all.

I might do the same for a holiday at some point in life.

Because I'd rather have my savings in my account earning interest for me and the bank give me the additional security of credit card payment for a large expense

You have a 0.004% chance of dying tomorrow. Those are rather good odds.
Yes I did google it 🤪

Yes but why do you feel the need to spend money you don’t have on a holiday ? Wouldn’t it make more sense to save up and then look for the deal? Why get yourself in a situation which means you are always owing money?

We don’t have much savings and want to keep them for car emergencies etc.

Easy to spot a great holiday deal, buy on credit card and then pay over the year or however long the 0% deal is.

If you don’t pay your mortgage the bank will take it back? A bank can recall a mortgage at any time too. Not a good comparison at all.
I suppose people who spend money they don’t have just don’t really think about the future ? They assume they will keep earning?

I remember a saying which is something like
‘Rich people plan for 3 generations
Poor people plan for the weekend ‘
Most people have a ‘poor person’ mindset and want to live in the now. Those with a different mindset will go without for a while to reap the benefits later. Delayed gratification? Like children who can wait for the sweet ?

But statistically you won’t be dead; the average person has another 40 years to live (assuming average age of death to be 80).
Fair enough if you use credit cards for the security but op is talking about people who are in debt or have no spare cash.
Is it really worth it if in the long run you pay back more money by using a credit card, which ultimately means you can afford less in the future?

Risk of being morbid my uncle dropped dead at 56 with a 16 year-old daughter. As soon as he knew he got cancer he was running around like a blue arsed fly trying to create memories but of course he was too sick.