Memories vs. Money: Should You Spend on Family Trips or Save for the Future? | Ep 15

Time moves fast, and for parents, the reality is stark—by the time a child turns 18, 80-90% of your time together has already passed. This episode dives deep into the importance of family vacations, financial planning, and balancing present experiences with future security.

Drawing from studies on childhood memories, vacation spending statistics, and financial planning insights, host Mark Zagurski explores:

• Why family vacations create lasting memories and why experiences often outweigh material possessions.

• The financial reality of vacations: the average cost for a family of four, debt trends, and budgeting strategies.

• The 5-10% income rule for vacation spending and why financial planning matters.

• How to plan vacations without going into debt, and why saving ahead makes all the difference.

• The long-term impact of prioritizing experiences while still securing financial stability.

While travel costs can add up, studies show that most parents have no regrets about investing in experiences with their children. However, without a financial strategy, many risk derailing their long-term financial goals.

Is there a way to have both? Yes—and that’s where personalized financial planning comes in.

Take control of your financial future while still making space for meaningful experiences. Schedule a no-obligation consultation at www.makeitpersonalpodcast.com today and start planning for a life that balances living for today and preparing for tomorrow.

“Memories last longer than things—investing in experiences with your family is just as important as financial planning.” - Mark Zagurski

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Investing involves risk, including loss of principal. 

This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services, Inc. does not provide tax or legal advice. Please consult with the appropriate professional regarding your personal situation prior to making any financial decisions.  Strategies discussed may not be suitable for everyone.   Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Mutual of Omaha Advisors is a division of Mutual of Omaha Insurance Company.