Absolutely! But if money is tight, you might need to work a bit harder to find a deal you can live with. Once you pick your destination of choice, do your due diligence finding a place to stay that offers discounts, free nights if you stay a minimum and reduced rates at local attractions.
If you have to fly, try to be flexible with your dates, since certain days of the week are cheaper than others, depending on where you're going and which airline you're using. Also, off-peak months are cheaper. So, if you want to head to Disney World, avoid Spring Break and the weeks around Christmas. As an added bonus, you'll also miss a lot of the crowds! If an faraway destination is still too pricey, consider a "staycation" instead. For example, hit a local campsite or spend a weekend enjoying the sights of your nearest big city.