When you choose a vacation will you select between all-inclusive and pay-as-you-go? The number of vacationers selecting an all-inclusive model is on the rise. Just 15 years ago only 10% of travelers chose an all-inclusive vacation, but that number has jumped to 75% now. And Club Med says 70% of those electing an all-inclusive vacation are families. But not everyone embraces the all-inclusive model.
In fact, we disagree on which type of vacation we prefer. Scott is a big fan of all-inclusive, while I prefer a pay-as-you-go approach to vacationing.
Why do we disagree? Our Secondary Money Personalities are at the heart of our preference. Scott’s Security Seeker Money Personality loves the predictability of an all-inclusive package, while my Risk Taker Money Personality prefers to choose activities, meals, and outings as we go along.
Each individual has a Primary and a Secondary Money Personality. Scott and I are both Primary Spenders, so twisting our arms to vacation is not a problem, but our different Secondary Money Personalities is where we part ways on choosing the format.
So we trade off. This summer we planned an all-inclusive trip with our two boys.
Why this works:
- The variety of activities available – the kids can choose and we can choose.
- You show up and they whisk you off, no worries or further planning necessary.
- It’s predictable. We know what we’re going to get. No surprises.
- Value. With two teenage boys we think the resort might actually lose money when it comes to the all-you-can-eat portion our boys’ stay.
- Security Seekers and Savers can truly relax. They don’t have to see the money going here and there and here and there. Pay for it and forget about it and enjoy.
Reasons why it might not work for Risk Takers or Spenders:
- Spenders often enjoy the thrill of the purchase. That part is removed with an all-inclusive.
- If you aren’t big drinkers a lot of people feel like the money is wasted on those who won’t drink as much.
- Those who like not knowing what they might do each day that thrill is gone.
- Some personalities love planning for themselves before they go. That’s half the fun for some.
- All-inclusive can feel like a “bubble” and you don’t get out and enjoy the local flare.
At the end of the day the four of us are thrilled to get some relaxing time together to make more memories. Scott and I always enjoy our time away whether we do pay-as-you-go or all-inclusive. It’s helpful to remember the method of vacationing you choose makes a difference to each different Money Personality.
Don’t know your Primary and Secondary Money Personality yet? Take our free, online Money Personality Assessment and we’ll let you know right away.
Knowing and respecting your differences helps not only in planning your vacation, but in the everyday decisions you make about money. Figure out how you’re wired and put your strengths to work for your relationship on vacation and at home.
We hope you are planning some time away as a couple or family this year. We’d love to hear about it in the comments below.
Those memories you make are priceless.
Make it happen.