Here's an email I recently received from a reader:
I have a job that I can sometimes leave a little early or take low census days without pay. I then supplement my pay check with my vacation pay. Do to the fact we are having a hard time insuring my smoker husband, I've been fussing about what to do to help supplement our emergency fund. It occurred to me that if I let my paid time off alone it would really start adding up. It would be a substantial part of an emergency fund if I became temporarily disabled or I had to take time off work to take care of my husband.
We can accrue over 200 hours. That means an addition to our emergency fund of several thousand dollars.
My company lets us choose to be paid for vacation time at the end of the year or roll it over to the next year. I roll mine over if I have any left because I need/want to take my vacation time and don't need the extra funds. But this got me thinking -- how many of you out there choose to do the opposite? How many of you supplement your pay by limiting vacation time and getting paid instead? And for those of you who don't, why not?