Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail
Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail

Paycation

What it is:

A paycation is when an employee takes paid vacation from his or her employer and works at another job.

How it works (Example):

Let's say John Doe has earned two weeks of paid vacation at Company XYZ. He takes two weeks off in December, and during that time he takes a job as a seasonal retail worker at a local department store.

Why it Matters:

Paycations are ways to earn extra money. Essentially, the employee earns four weeks of pay in two weeks. Paycations can involve almost any kind of temporary work.