Saving money for a trip can be tricky, with so many everyday expenses taking up a typical budget. At the same time, many young American workers still have that itch to travel. They’re also the generation that considers amenities like same day delivery and on-demand streaming services a necessary amenity to simplify their lifestyle. So, what are they willing to give up to indulge that sense of wanderlust?
New research from Topdeck Travel says 87 percent of Millennials are actually willing to forgo certain “conveniences” in order to save money for vacation. The travel company commissioned YouGov PLC—a third party, professional research and consulting organization—to poll the views of a representative sample of 1,158 American Millennials between February 16 and 22, 2016.
Their results? The top three amenities that Millennials were willing to forgo included takeout, hanging out with friends, and coffee. In fact, takeout was the most common sacrifice, with more than half (60%) of those polled willing to give up takeout and delivery services to save money for travel.
The generation known for having major FOMO also would give up going out with friends (51%) over almost anything else in order to save money for travel. And almost half (46%) would sacrifice their caffeine rush for the thrill of experiencing a new place.
Now that we know what people are willing to give up, exactly what can you get for sacrifice? We decided to look at that cup of coffee. Mobile payment company Square released data last year revealing that the average cost for a standard cup of coffee without milk is $2.70. If you’re buying a cup a day, that’s $985.50 a year in brew.
We teamed up with the data engineers at Expedia, who scoured their databases for the best package deals you could book with those savings. We asked them to curate trips that include a round trip flight, three day hotel stay in one room at a minimum 3-star hotel for two adults. We even took into consideration that people live all over the country, so we pulled itineraries for the dates of May 5 through 8 that depart from six major hubs—New York City, Los Angeles, Dallas, San Francisco, Atlanta and Chicago.
All prices are per person, so get a pal to give up coffee, too, and you'll be set. Tell us that doesn’t give you a natural buzz.