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View Full Version : Financially Savvy People - Would you go?!?!


MinnieMom
01-18-2008, 07:36 AM
I need some financially savvy people to give me some advice, please:)

I am really struggling with whether or not to go to Disney this year. I know it sounds ridiculous (and no one in my real life gets my Disney obsession), but I figured people on the Dis would understand!

Here's the situation: We were at Disney in April '06 (and every year prior since 2002) and because the economy is pretty shaky right now I told DH I would be good and not plan a trip for this year. Then comes the 40% off discount code from Disney on Monday . . . and, that broke me! I have always wanted to stay at the Wilderness lodge but could never bring myself to spend that much $ on a 'hotel.' At 40% off, I can justify it and I'm afraid if we don't go now, we'll never get a rate like that again.

The reason I'm not so sure about going is because DH and I are both in the building industry and we all know how that stands right now. Both of our companies have had lay offs recently and I know business is extremely slow . . . my company hasn't seen it like this since the 80's. The thing is though that I am 90% sure we would be one of the last ones let go. I am the only person that does my job and DH is in Sales, but also does IT for his company, both of which I would think they would need to hang onto until the end.

We have a decent savings ($23,000) and I wouldn't even pull from that to pay for the trip. If we add the dining plan, which I'm not completely set on yet, our trip would cost about $4,400 for everything (air + dining + room + tickets). My airfare will be free because I'm using my frequent flier miles. I generally save about $1,000 a month in addition to what goes in our 401k which is about 28% of our income. So, we do save and are pretty practical when it comes to finances, which is why I'm trying to use my brain to make this decision instead of my heart!!

I know DS3 would love another trip - his first trip was last year and he keeps asking to go back. DD has been there many times, but would still like to go back.

Oh, another note. I did rack up a credit card bill, which I said I would never do, but Christmas was tough this year because DH didn't get the bonus we thought he was going to. So, I do havea $5,000 CC bill, but it is on a no interest card until November and I'm sure I can have that and the trip paid off by then with no problem. It would just mean not saving much else!

I'm sorry this got so long! If you're still reading, what would you do? I know we're not in a bad financial situation in any way, but I don't want a vacation (even a Disney vacation) to adversely affect that, kwim?!?!

Thanks for any input.

tbrenk73
01-18-2008, 07:41 AM
I need some financially savvy people to give me some advice, please:)

I am really struggling with whether or not to go to Disney this year. I know it sounds ridiculous (and no one in my real life gets my Disney obsession), but I figured people on the Dis would understand!

Here's the situation: We were at Disney in April '06 (and every year prior since 2002) and because the economy is pretty shaky right now I told DH I would be good and not plan a trip for this year. Then comes the 40% off discount code from Disney on Monday . . . and, that broke me! I have always wanted to stay at the Wilderness lodge but could never bring myself to spend that much $ on a 'hotel.' At 40% off, I can justify it and I'm afraid if we don't go now, we'll never get a rate like that again.

The reason I'm not so sure about going is because DH and I are both in the building industry and we all know how that stands right now. Both of our companies have had lay offs recently and I know business is extremely slow . . . my company hasn't seen it like this since the 80's. The thing is though that I am 90% sure we would be one of the last ones let go. I am the only person that does my job and DH is in Sales, but also does IT for his company, both of which I would think they would need to hang onto until the end.

We have a decent savings ($23,000) and I wouldn't even pull from that to pay for the trip. If we add the dining plan, which I'm not completely set on yet, our trip would cost about $4,400 for everything (air + dining + room + tickets). My airfare will be free because I'm using my frequent flier miles. I generally save about $1,000 a month in addition to what goes in our 401k which is about 28% of our income. So, we do save and are pretty practical when it comes to finances, which is why I'm trying to use my brain to make this decision instead of my heart!!

I know DS3 would love another trip - his first trip was last year and he keeps asking to go back. DD has been there many times, but would still like to go back.

Oh, another note. I did rack up a credit card bill, which I said I would never do, but Christmas was tough this year because DH didn't get the bonus we thought he was going to. So, I do havea $5,000 CC bill, but it is on a no interest card until November and I'm sure I can have that and the trip paid off by then with no problem. It would just mean not saving much else!

I'm sorry this got so long! If you're still reading, what would you do? I know we're not in a bad financial situation in any way, but I don't want a vacation (even a Disney vacation) to adversely affect that, kwim?!?!

Thanks for any input.

If it were me, if there was a chance theat DH and I could be laid off and I had a $5000 credit bill it would be a no brainer and I wouldn't go. Disney will always be there.+

Bren's Mom
01-18-2008, 07:49 AM
I agree, it would be a no brainer for me too. Not a smart time to plan a trip. Sorry!

momof3littlelilos
01-18-2008, 07:59 AM
I feel your pain. Well, not the full scope of it, I sure hope your worst case scenario doesn't play out as far as layoffs and all. But the missing Disney part because of the bad economy, I'm there with you...
We were planning to go for Christmas, but with the cost of gas and heat being so high I'm thinking we maybe can't afford it. We just moved back up north from Orlando and we'd told the kids we'd take a nice vacation within a year...but the cost of heat is TWICE what we were paying for central AC in Florida :scared1:

I'm bummed out. I'm not quit at terms with cancelling our trip, but I think it's the prudent thing to do. I'm sorry, I think maybe that's true for you too. :sad1:

CheshireVal
01-18-2008, 08:03 AM
Life is too short.

I would go.

Most people on the BB are super duper anti- credit card debt, so I have no doubt that most of your answers will be "no."

I, personally, don't find a small amount of debt to be a tragic, horrible thing that you should feel ashamed of.

We all have different philosophies, though!

MinnieMom
01-18-2008, 08:04 AM
I guess it sounds crazy, but the CC bill is not that big of a deal to me. Technically I could pay that off now with savings and still have $18k in savings. I am just keeping it on the cc for now because it is interest free, so why take it out of savings where I am earning a decent rate?!?!

Plus, we will get about $1,500 with our income tax check and I lent a family member $3,000 that we should be getting back pretty soon. And yes, before any debate or flaming starts - I am SURE I will be repaid!

Oh, and I have a $1,500 check coming in from work soon. It is my tuition reimbursement. Since I have already paid for it, that will just go into savings.

soonerlpn
01-18-2008, 08:07 AM
I agree its good to be financially savvy but with what you have coming in I say go. Life is short as the previous poster said. Enjoy what you have!

dvcgirl
01-18-2008, 08:08 AM
Oh dear God, NO! I would not go!

You guys are the poster children for people who should be in "hunker down" mode. You work in the building industry. Housing continues to tank. You ran up CC debt at Christmas and we're likely heading into a recession.

I'd be doing everything in my power to pay down that debt and build up a really solid emergency fund. There would be no way in a million years I'd be going on vacation.

rbork
01-18-2008, 08:21 AM
So...if you wait until just before Nov to pay off that 5000$ cc, what about next christmas bills? Bonus may not be coming then either? I probably would still do some kind of vacation BUT maybe scale back alittle. And definately NOT dip into savings/emergency funds. Disney CAN be done in less than 4 grand a trip (trying- But none the less can be done with the right expectations) I know we live in a here and now world but financial responsibility is hard including many tough choices.
Good Luck and Do what's Right for you.

grlpwrd
01-18-2008, 08:24 AM
I need some financially savvy people to give me some advice, please:)

I am really struggling with whether or not to go to Disney this year. I know it sounds ridiculous (and no one in my real life gets my Disney obsession), but I figured people on the Dis would understand!

Here's the situation: We were at Disney in April '06 (and every year prior since 2002) and because the economy is pretty shaky right now I told DH I would be good and not plan a trip for this year. Then comes the 40% off discount code from Disney on Monday . . . and, that broke me! I have always wanted to stay at the Wilderness lodge but could never bring myself to spend that much $ on a 'hotel.' At 40% off, I can justify it and I'm afraid if we don't go now, we'll never get a rate like that again.

The reason I'm not so sure about going is because DH and I are both in the building industry and we all know how that stands right now. Both of our companies have had lay offs recently and I know business is extremely slow . . . my company hasn't seen it like this since the 80's. The thing is though that I am 90% sure we would be one of the last ones let go. I am the only person that does my job and DH is in Sales, but also does IT for his company, both of which I would think they would need to hang onto until the end.

We have a decent savings ($23,000) and I wouldn't even pull from that to pay for the trip. If we add the dining plan, which I'm not completely set on yet, our trip would cost about $4,400 for everything (air + dining + room + tickets). My airfare will be free because I'm using my frequent flier miles. I generally save about $1,000 a month in addition to what goes in our 401k which is about 28% of our income. So, we do save and are pretty practical when it comes to finances, which is why I'm trying to use my brain to make this decision instead of my heart!!

I know DS3 would love another trip - his first trip was last year and he keeps asking to go back. DD has been there many times, but would still like to go back.

Oh, another note. I did rack up a credit card bill, which I said I would never do, but Christmas was tough this year because DH didn't get the bonus we thought he was going to. So, I do havea $5,000 CC bill, but it is on a no interest card until November and I'm sure I can have that and the trip paid off by then with no problem. It would just mean not saving much else!

I'm sorry this got so long! If you're still reading, what would you do? I know we're not in a bad financial situation in any way, but I don't want a vacation (even a Disney vacation) to adversely affect that, kwim?!?!

Thanks for any input.


Too many red flags so I will vote no.

No job is absolute, the economy is shaky, you already have debt, and going on a trip now might sink you deeper. If it was a situation where someone was fatally ill then I would say go, but under those situation you describe I say no. Your financial health depends on it and you and your kids will feel a pinch if things go sour.

I know because I have had to cancel 2 trips in the past 10 years due to my dh's layoffs. Never put passion before principle.

Disney will always be there. :wizard:

mickeyfan2
01-18-2008, 08:35 AM
If I did my calculation correctly, at the present time you have 24K (23K - 5K + 1.5K + 3K + 1.5K). If on Monday you are laid off how long could you and your family live on that 24K?

How would you feel if you planned this vacation and then told the kids then got laid off. What would you do? If you went it would reduce that 24K down to 19.6K (even less with spending money). How long would that last you?

Do you know how much unemployment will pay in your state. Many are surprised at how little it actually is.

If you get laid off in the spring you could be off for a year at least.

If it was me I would not even consider it. If you stay employed then plan one for next year.


ETA: What would you do for health insurance is you both lost your jobs? Many on here have stated that their COBRA payments are $1200/month. If you were off for a full year that would be $14.4K/ That would reduce the 24K/$19.6K down to $9.6K/5.2K plus 6 months of unemployment to live off. Could you do it?

I hope you don't lose either of your jobs.

Malificient Tater
01-18-2008, 08:50 AM
the fact that your jobs might be on shaky ground, I would say no. It has nothing to do with credit debt or anything like that. I would just not want to take the risk, but then again you can always plan and not go.

goodcook5
01-18-2008, 08:58 AM
Get a ding fare and stay in a budget hotel. Do not do the dining plan unless you are consuming huge amounts of food.

HeyIt'sMe
01-18-2008, 09:08 AM
.....
The reason I'm not so sure about going is because DH and I are both in the building industry and we all know how that stands right now. Both of our companies have had lay offs recently and I know business is extremely slow . . . my company hasn't seen it like this since the 80's. The thing is though that I am 90% sure we would be one of the last ones let go. I am the only person that does my job and DH is in Sales, but also does IT for his company, both of which I would think they would need to hang onto until the end.


It is very dangerous to assume this.

Discount off the Wilderness Lodge - 40%
Assumption you and/or your DH won't be laid off - 90%
Loss of income if you and DH are laid off - 100% (and not priceless!)

My vote is to not take the trip. Disney World will always be there and when things improve you'll be in a better position to go.

Good luck to you! :grouphug:

EthansMom
01-18-2008, 09:18 AM
My DH's job is more stable and, given the state of the economy and growing inflation, we've decided against going to WDW this next fall (which we'd tentatively planned).

Given that you and DH are both in precarious industries right now, I would put off unnecessary large purchases right now.

WDW isn't going anywhere. When your jobs are more secure and the economy has stabilized, WDW will still be there.

Toby'sFriend
01-18-2008, 09:19 AM
At 40% off, I can justify it and I'm afraid if we don't go now, we'll never get a rate like that again.

Well first - no. Discount codes happen all the time. Every year Disney sets their rack rates at unreasonable levels and then they discount them.

Second, I'm fairly conservative financially and I really can't think of a reason for you not to go. If something happens job-wise, you might have to cancel the reservation but nobody can predict the future.

But as it is
you are going to pay off the credit card
pay cash for the vacation, not from your Emergency fund,
continue to build the emergency fund

and
you're funding retirement right?

If you can do all that, then I really don't see a reason that you shouldn't take a vacation.

tinkarooni
01-18-2008, 09:20 AM
I can totally relate to you. That being said however IMO you must let the responsible part of you win here. You must have that feeling in the pit of your stomach that you shouldn't go otherwise you wouldn't have asked us. I vote no go. We also are desperate to go again but have put off our trip to December 2009. Sounds horrible doesn't it. But we are going to stay any where we want to and do whatever we want, because by than I will have saved all CASH. :banana:

If you can't pay for it you shouldn't go. Anything could happen. Trust me, this summer I was injured and couldn't work for 10 weeks. Than pile up on top of that my med bills insurance didn't cover and I was responsible for. You don't think it could happen to you but it can, I am a 36 y/o healthy person. Who knew it could happen to me! Thank goodness we had savings.

Good Luck with your decision. Let us know.

Edited to add, I meant to mention that we are doing small trips between now and Disney, but paying cash and much much less expensive, think long weekends to out of the way places. We don't feel deprived and we're not worried about the cost this way!

CheshireVal
01-18-2008, 09:21 AM
Oh dear God, NO! I would not go!

You guys are the poster children for people who should be in "hunker down" mode. You work in the building industry. Housing continues to tank. You ran up CC debt at Christmas and we're likely heading into a recession.

I'd be doing everything in my power to pay down that debt and build up a really solid emergency fund. There would be no way in a million years I'd be going on vacation.


Sorry, but this is a little melodramatic. I don't see anything so dire in her circumstances. No need to scare her.

bnorm27
01-18-2008, 09:28 AM
Based on your information, I would bypass the trip this year. If you are banking $1k per month, you could have the credit card paid off in 5 months. Then you can begin saving for Christmas, and a trip for next year.

Chesire, I don't think DVCgirl was trying to scare the OP. Just open the paper each day and you can easily see that this country is in a bit of a jam right now. And the housing/building industry is really getting the brunt of it.

Good luck with your decision.

aka-mad4themouse
01-18-2008, 09:38 AM
I'm very conservative when it comes to finances. So consider that when I offer a resounding NO!. The $5K in CC debt from Christmas would be enough to keep me from sleeping at night, regardless of the interest rate. It's still money that is owed and should at least be deducted on paper when you're listing your assets. So really, you have $18K with another $1.5K to be reimbursed to you later.

Out of that $19.5K, you want to take $4.4K (almost 23% of your savings!) to spend on a vacation that you had no intention of taking prior to getting that code. I know what my gal, Suze Orman, would say: "Girlfriend, you are so denied!"

2TxAgs
01-18-2008, 09:39 AM
I too am financially conservative, and we make a good salary, but I still would consider $4k too much for a family of 3 and a toddler if our jobs were the slightest bit at risk. Especially as I know that our trip for 5 nights, for 5 people, including airfare and a moderate resort stay was quite a bit less than that.

I'm *DYING* to go back (we went in August for the first time in 6 yrs), but I
don't see it happening until 2009, when my oldest two are finished with middle school. I keep wondering if they'll still enjoy it and want to go. But common sense tells me that it's best to hold off, and that a long weekend out at the lake with canoes and hot dogs will still be a great time (and much cheaper) for our family.

Best of luck in your decision. If I *HAD* to go, it would be in a value resort, with a Ding fare and no dining plan - we can eat much cheaper than that!
But if the reason for another trip is to stay in the WL with the discount, then no, I would not go.

TxAg

neatokimmo
01-18-2008, 09:47 AM
GO if your mortgage is paid off.

But I think the little voice in your head is saying no or you wouldn't of asked us :)

Darcy03231
01-18-2008, 09:53 AM
Another no vote here and I know exactly where you are coming from. DH also works in the building industry (commerical construction) and while it isn't likely he'll be laid off, you never know, as things are very slow now. My job is very secure. The only way I'll ever be laid off is if the company closes (and since I do the books I know that isn't happening). We have two homes and four cars with only one mortgage and one car loan, both of which have small balances left on them. We also have substantial savings, retirement savings and no credit card debt. We live way below our means and contribute to savings and retirment every month, along with our children's college funds. We are not taking a big vacation this year. While the possibility is slim that DH will be laid off I'm saving every extra dime I can, just in case. Once things are more secure we'll go on vacation. WDW will always be there. I'm planning for the "just in case" even though it may never happen. Even substantial savings can be eaten up quickly if you both lose your jobs and have to start paying for your own health insurance. If you get laid off it may take quite some time before you're able to find employment. I just wouldn't chance it.

MinnieMom
01-18-2008, 10:00 AM
Thank you all for your good and honest advice. Although I can't bring myself to cancel the trip just yet, I am preparing myself for the fact that I may have to. I haven't even told the kids yet that I booked it just in case I had to cancel, so I have had that gut feel that it would have to be done :sad1:

I have until September to cancel, so I'm going to wait it out, but not have my hopes up. If things turn around for our jobs and we have the cc paid off with a good bit still in savings then maybe I'll consider it, but only if our jobs seem stable and the economy is more secure (though I doubt that will be the case . . . a girl can hope, can't she?!?!)

Although I said DH and I are in the building industry (and we are), most of our work comes from remodeling and I know that is down too, but I'm still hopeful that it will pick up somewhat. I work for a window manufacturer and DH works for a tile/linoleum manufacturer. So, I am still hopeful that come Spring people may need new windows! :goodvibes

Anyway, thanks for all the positive input. I am now bracing for the worst (because it is the smart, practical thing to do)!

englishteacha
01-18-2008, 10:03 AM
Hmmm....I've got mixed feelings here. If I were you, I probably would plan a vacation, but maybe cut back on what I'd spend. I'd rent a condo offsite, get a cheap rental car, eat some in the condo, etc. Our past 2 vacations were terrific, and with condo rates around $50-75 a night, a whole lot less than any Disney property. I know some say that there's less "magic," but I can't see spending extra for magic! I feel magic when I see the castle, or ride the monorail, or stand and look at the Epcot golf ball (oops, I mean, geodesic sphere...).

So...if I were you, I'd look into other options. I know WL must be a lovely place, but if you do a cost analysis, will you have any less fun staying elsewhere?

EthansMom
01-18-2008, 10:22 AM
Thank you all for your good and honest advice. Although I can't bring myself to cancel the trip just yet, I am preparing myself for the fact that I may have to. I haven't even told the kids yet that I booked it just in case I had to cancel, so I have had that gut feel that it would have to be done :sad1:


That's what I've been considering doing also if I can get Free Dining.... Making the reservation and then cancelling if things aren't looking good later in the year. As long as you aren't out any money for cancelling, it isn't such a bad plan.

Good Luck!

tycopj
01-18-2008, 10:25 AM
My gut response is YES go, life is short! BUT, after reading all the posts, I'm more in the group of NO don't go.

Discounts do come out often.
Disney will still be there.
Job security is not there.
Christmas next year, will it put you in debt again?
$4000 for a trip could pay off the $5000 cc.
You have been many times, so it's not a once in a life time opp.

Pay off the cc instead of the trip. Save the money you would have spent on the trip for a trip the first of 2009. You will get past the Holidays, have the cc paid off, and a better outlook on the job situations.

I wouldn't book a trip with the thought of "I can always cancel". For me it would be next to impossible to cancel a trip that is right there waiting for me.

Like I said, my heart would tell me go..go..go, but my DH has helped me to be a bit more pratical ( I have helped him to be a bit LESS practical ;) ) Of course my DH would say absolutely do NOT go.

You know what is best for your family, I hope you are able to go. If you can't go during the 40% discount, just tell yourself and plan on a trip in 2009.:woohoo:

HM
01-18-2008, 10:40 AM
If you can pay off the CC and save for the trip beforehand, yes. I would also make the trip a bit shorter as well and look for other ways to economize the trip. For three of you to spend $4400 and have one flight free, seems like a lot to me (with a 40% room discount). I'd go ahead and book and if you have to, just cancel before there is a penalty if need be.

mickeyfan2
01-18-2008, 10:55 AM
Home Depot and Lowes are seeing huge turn downs in their businesses. One needs to get home equity loans to afford to remodel. Those are very hard to get a hold of right now.

dvcgirl
01-18-2008, 11:11 AM
Sorry, but this is a little melodramatic. I don't see anything so dire in her circumstances. No need to scare her.


I wasn't trying to scare her. I was just shocked that she was considering it to be honest. If you *both* work in the building industry, and housing starts aren't expected to bottom until late this year (if we're lucky)....wouldn't you be padding your emergency fund and pay down debt instead of taking a vacation? It's not exactly like builders are going to go gangbusters when we hit 2009 as if it was 2004 again. It will take years for that industry to come back.

It would be one thing if one of them is in the building industry and the other one is say...a tenured teacher or another recession-proof job. Even though the financial situation isn't dire right now, one job loss and that emergency fund will go quickly. How long would it take for them to find a job in that industry in the current environment?

What is the harm in waiting one more year? Disney World isn't going anywhere, and the idea that Disney will never offer discounts like this again is ludicrous. Get through 2008 and reevaluate in 2009.

I make no secret out of the fact that I'm a fiscal conservative. So clearly, I'm on the other end of the scale from this person. My DH works in the software industry and was laid-off in 2003. He was *the* last person to go...literally, there were 80 people in his office and he was the lone employee in that building for a few months at the very end. So...we've BTDT.

The difference for us that year was that we padded our emergency fund, cancelled a Disney trip that was booked even though we had absolutely no debt (not even a mortgage). When the layoff happened my husband didn't have to panic and take the first thing available. And yet the job he did take was 20% less than he was making when laid-off...and had taken two pay cuts in the previous year in that job.

dvcgirl
01-18-2008, 11:15 AM
Thank you all for your good and honest advice. Although I can't bring myself to cancel the trip just yet, I am preparing myself for the fact that I may have to. I haven't even told the kids yet that I booked it just in case I had to cancel, so I have had that gut feel that it would have to be done :sad1:

I have until September to cancel, so I'm going to wait it out, but not have my hopes up. If things turn around for our jobs and we have the cc paid off with a good bit still in savings then maybe I'll consider it, but only if our jobs seem stable and the economy is more secure (though I doubt that will be the case . . . a girl can hope, can't she?!?!)

Although I said DH and I are in the building industry (and we are), most of our work comes from remodeling and I know that is down too, but I'm still hopeful that it will pick up somewhat. I work for a window manufacturer and DH works for a tile/linoleum manufacturer. So, I am still hopeful that come Spring people may need new windows! :goodvibes

Anyway, thanks for all the positive input. I am now bracing for the worst (because it is the smart, practical thing to do)!


Again, I'd probably wait. A lot of business in the home remodeling business came from the 5 trillion dollars pulled out of houses in the form of home equity loans in the past five years. Things don't come to a total stop, I get that. My own sister and family are buying a real fixer-upper (dirt cheap I might add) and will be pouring money into it in the next year. But things are going to continue to slow, fairly significantly.

Why not pay down the debt, and pad that emergency fund. If you get through 2008 without a job loss (and I sincerely hope you do!), you use some of that extra padding for a great trip to Disney.

StephMK
01-18-2008, 11:24 AM
My only advice is never assume your job is safe. DH's former employer went through several layoffs over the years & on shaky ground. DH & his fellow dept members *thought* they were safe because they were reduced down to 4 people covering a 24/7 operation. Well, that January one of them was let go anyway. It should have been DH if they went by seniority but another had a much worse attendance record & didn't pitch in to cover shifts like DH.

That was the final straw for us & he started job hunting & left a few months later. The laid off person was diagnosed with cancer shortly after and not sure what happened because DH lost touch, I hope she is ok.

MinnieMom
01-18-2008, 11:49 AM
dvcgirl,

You didn't scare me. Although I appreciate CheshireVal's sentiment, I was actually expecting (and hoping for) a candid response from you:thumbsup2 It was what I needed to hear.

I read your comments on the financial topics often and think "I need to be more conservative like that!" So, I didn't get scared - just had my eyes opened to reality!

harleyquinn
01-18-2008, 12:37 PM
Sounds like this may be a good year to go to WDW if everyone around here is staying home!

OP, I think you are doing the right thing. Keep the ressie for now and see how things pan out. Good Luck!

LoveBWVVBR
01-18-2008, 02:31 PM
No way would I go! You guys have credit card debt and are in a very shaky industry. I'd be working hard to pay off the credit card and to up the amount I saved every month right now. It sounds like a layoff is inevitable:guilty: Disney will always be there, and good rates will always be there. When the economy turns around and your job situation is more stable, you could rent DVC points and stay in a VWL studio for a very economical rate off-season.

LSchrow
01-18-2008, 02:53 PM
you've received some great advice :thumbsup2
my $.02:
as long as you can cancel without penalty, keep the ressie until the last few days. at that point reassess where you are (the CC debt should be paid off by that time tho). use the next 7 months to earn a little extra money (do O/L surveys for a few dollars each, sell some things on craigs list, etc), figure different ways to trim some costs (as much as we enjoy the DDP, i would seriously reconsider it; use CC to pay bills & use accumulated "points" for rainforest, etc; get base passes instead of hoppers). keep a change jar, & just add what you've accumulated onto a disney GC every few weeks or so (that way, it won't be touched. & since the GCs never expire or lose value, you can always use it on another trip if need be).

since WL is really important to you, that is the one thing i wouldn't change tho :) .


if things seem stable, go.
if not, as others said, WDW will be there next year :)
best of luck with whatever you decide tho :thumbsup2

Irin997
01-18-2008, 03:16 PM
Has anyone checked out her signature? Here it is:

1991 - off-site
2001 - off-site
2002 - POR
2003 - Disney Magic Cruise
2004 - Disney Magic Cruise
2005 - FW
2006 - off-site
2007 - off-site

They have gone to Disney or cruised every year for the past 7 years. Is it REALLY necessary to go again, just to make it 8 years in a row? Sorry, it just seems awfully extravagant at this time and particularly with the possibility of layoffs and obviously the continual housing slump.

HenDuck
01-18-2008, 03:21 PM
I'll vote wait and see ;) . Sorry, that doesn't really help, does it?

I don't see the CC debt as a red flag, since the OP has the cash to pay it off and it's on a zero interest CC.

JMHO, but I wouldn't stay at a deluxe resort. I'd hop off-site and do a real budget vacation. Run through the exercise of seeing how cheap you can go without sacrificing your comfort level. Maybe it's doable for $3k or less (?)

If the only reason you want to go is to stay at WL, I'd say stay home and reassess.

Despite the fact that we are not in MY IDEAL financial condition, we are planning a budget WDW trip in '09, but I already have the cash set aside for it, we've shaved $2k off the initial budget, and I have aging parents who can go NOW but maybe not in another year or two, KWIM? These are all considerations which weighed heavily in favor of us going next year and not having any regrets. But if it all goes to you-know-where :eek: in a handbasket within the next 12 months, I will not hesitate to cancel the whole thing.

Sorry so long and indecisive. Life is not so easily planned, eh? ;)

Good luck with your decision. I hope you both stay employed and get to go to WDW soon!

:hug:

DiznEeyore
01-18-2008, 03:45 PM
Has anyone checked out her signature? Here it is:

1991 - off-site
2001 - off-site
2002 - POR
2003 - Disney Magic Cruise
2004 - Disney Magic Cruise
2005 - FW
2006 - off-site
2007 - off-site

They have gone to Disney or cruised every year for the past 7 years. Is it REALLY necessary to go again, just to make it 8 years in a row? Sorry, it just seems awfully extravagant at this time and particularly with the possibility of layoffs and obviously the continual housing slump.

Um, if you'd read her post, you'd have seen that she made note of the fact that they've taken all of these trips. So we really have no need for the "trip-counting signature police" to call her out. Seriously, that gets SO old. :rolleyes1

To the OP, we also have some CC debt but are still planning a trip for this year. It will be a *big* trip because it's our last planned family trip with our teenager. That being said, we are also fully prepared to cancel if the unthinkable should happen.

Also, 3 years ago, my husband's company was laying off people right and left. The owner told my husband to his face that he had no reason to worry -- he was the sole IT support for the company and they needed him. However, we didn't have a good feeling about it and immediately cancelled our planned trip (that was still 6 months out) and began saving all that we could. Sure enough, not two months later, dh was let go with NO notice and NO severance.

So, my thought is to trust your gut and start pulling in the reins, but there is no reason not to put a refundable deposit down on the trip should things turn out better than you hope. Good luck! :goodvibes

ceecee
01-18-2008, 03:50 PM
Sorry, I would have to vote no too. There will be other deals at Disney and WL isn't the end all trip of trips! Save the money, if I thought there was a chance of one or both incomes being lost I just couldn't do it. The CC needs to be paid off too.

Glenn
01-18-2008, 04:06 PM
I saw wait and see how things are. Your budget seems high with 2 adults & 1 toddler with 1 free airline ticket. How long are you staying? Go over your budget, can you get a discount for a mod, use ME instead of renting a car or using a town car, how many sit down dinners or princes dinners can you cut. Check out ticket brokers to save a few $. Dont pay off the cc now since you have 0 interest but put the cash into an account & make some interest. If you really want to go see what you can cut out at home, starbucks, going out alot, impulse buying see what additional savings you can really make before the trip. And think of spending alot less for next Christmas. If you can cut down the cost & trim you daily expenseses to save enough to go fine but otherwise I think it would be safer to wait. The housing/homeimprovement area stinks at the moment & will get worse before better.

RayJay
01-18-2008, 04:12 PM
I need some financially savvy people to give me some advice, please:)

I am really struggling with whether or not to go to Disney this year. I know it sounds ridiculous (and no one in my real life gets my Disney obsession), but I figured people on the Dis would understand!

Here's the situation: We were at Disney in April '06 (and every year prior since 2002) and because the economy is pretty shaky right now I told DH I would be good and not plan a trip for this year. Then comes the 40% off discount code from Disney on Monday . . . and, that broke me! I have always wanted to stay at the Wilderness lodge but could never bring myself to spend that much $ on a 'hotel.' At 40% off, I can justify it and I'm afraid if we don't go now, we'll never get a rate like that again.

The reason I'm not so sure about going is because DH and I are both in the building industry and we all know how that stands right now. Both of our companies have had lay offs recently and I know business is extremely slow . . . my company hasn't seen it like this since the 80's. The thing is though that I am 90% sure we would be one of the last ones let go. I am the only person that does my job and DH is in Sales, but also does IT for his company, both of which I would think they would need to hang onto until the end.

We have a decent savings ($23,000) and I wouldn't even pull from that to pay for the trip. If we add the dining plan, which I'm not completely set on yet, our trip would cost about $4,400 for everything (air + dining + room + tickets). My airfare will be free because I'm using my frequent flier miles. I generally save about $1,000 a month in addition to what goes in our 401k which is about 28% of our income. So, we do save and are pretty practical when it comes to finances, which is why I'm trying to use my brain to make this decision instead of my heart!!

I know DS3 would love another trip - his first trip was last year and he keeps asking to go back. DD has been there many times, but would still like to go back.

Oh, another note. I did rack up a credit card bill, which I said I would never do, but Christmas was tough this year because DH didn't get the bonus we thought he was going to. So, I do havea $5,000 CC bill, but it is on a no interest card until November and I'm sure I can have that and the trip paid off by then with no problem. It would just mean not saving much else!

I'm sorry this got so long! If you're still reading, what would you do? I know we're not in a bad financial situation in any way, but I don't want a vacation (even a Disney vacation) to adversely affect that, kwim?!?!

Thanks for any input.

OMG,

This us this year, same trip last year as you can see by my signature we go alot.

By I'm tired of spending $5,000 to $6,000 on six and half days of fun. When it's done it's gone. $5,000 could really help the college fund this year.

I'm looking for that balance, but this year we are passing.

Best on your decision.
RayJay

RayJay
01-18-2008, 04:15 PM
Oh, another note. I did rack up a credit card bill, which I said I would never do, but Christmas was tough this year because DH didn't get the bonus we thought he was going to. So, I do havea $5,000 CC bill, but it is on a no interest card until November and I'm sure I can have that and the trip paid off by then with no problem. It would just mean not saving much else!


Quick correction,

I don't really have any debt anymore and we are still not going this year.

Just another vote for passing up Disney. Gulp!!!! Did I really say that.

RayJay

MinnieMom
01-18-2008, 04:21 PM
Has anyone checked out her signature? Here it is:

1991 - off-site
2001 - off-site
2002 - POR
2003 - Disney Magic Cruise
2004 - Disney Magic Cruise
2005 - FW
2006 - off-site
2007 - off-site

They have gone to Disney or cruised every year for the past 7 years. Is it REALLY necessary to go again, just to make it 8 years in a row? Sorry, it just seems awfully extravagant at this time and particularly with the possibility of layoffs and obviously the continual housing slump.


Uh, hello . . . I'm right here. No need to point out "her" signature when it is public info and I made a note of the fact that we have gone every year in my post. Thanks for the constructive advice though :rolleyes1

dvcgirl
01-18-2008, 04:27 PM
dvcgirl,

You didn't scare me. Although I appreciate CheshireVal's sentiment, I was actually expecting (and hoping for) a candid response from you:thumbsup2 It was what I needed to hear.

I read your comments on the financial topics often and think "I need to be more conservative like that!" So, I didn't get scared - just had my eyes opened to reality!

LOL....glad I fulfilled expectations ;). Think of my as the little devil on your shoulder poking you with a pitchfork...."Put that credit card back in your wallet!! Stick to the Budget!!" ;)

Despite how I sound....remember, it's tough to really get a true "read" on people when reading their comments....I do get that the world isn't ending. I probably read *too* much in the financial department and so I'm clearly spooked by the economic outlook. Make no mistake about it, the clouds have moved in and it's starting to rain.

If we all had a "Lay-off-o-meter" in our houses right now....it would certainly be heading out of the "You're totally safe...spend away!!" region and into the "Be CAREFUL and CAUTIOUS with spending right now!!!" region.
There's no reason at all for me to worry about DH's job at this point, but because this downturn could just be getting started, we'll be a little more conservative with our spending. Sometimes it takes awhile for the "poop" to slide all the way downhill where us peasants live ;). It never hurts to play it safe.

Hope you hang onto those jobs.....

RayJay
01-18-2008, 04:32 PM
Uh, hello . . . I'm right here. No need to point out "her" signature when it is public info and I made a note of the fact that we have gone every year in my post. Thanks for the constructive advice though :rolleyes1

Yeah well,

Look at my siggy, LOL LOL, your OK Minnie and your not alone. One thing I always did when getting my finances on track was have that balance people talk about, and it didn't kill me to have it, nor did it destroy my finances.

It's just this year is finally a little differnent, like yours. Plus I'm due to miss a year, look at how much I've been. Thanks for the chuckle.

Going every year has nothing to due with what you posted, that's the past.

RayJay

Martyb
01-25-2008, 05:01 AM
1. On the one hand, I would not go. The parks will be there when things calm down, and you won't be saddled with anxiety if your financial situation is compromised.

2. On the other hand, (and this is somewhat radical out of the box thinking, but ponder it anyway) take the trip and while you're at Disneyworld, go to the personnel office and take a job application. Reinvent yourselves. Move your family to Disney and you and your husband work here and enjoy it forever and to hell with your current job.

I said it was radical.

In either case, listen to your head and not your heart. Good luck, I know you'll make a good decision. if you haven't made one already.

MinnieMom
01-25-2008, 07:52 AM
1. On the one hand, I would not go. The parks will be there when things calm down, and you won't be saddled with anxiety if your financial situation is compromised.

2. On the other hand, (and this is somewhat radical out of the box thinking, but ponder it anyway) take the trip and while you're at Disneyworld, go to the personnel office and take a job application. Reinvent yourselves. Move your family to Disney and you and your husband work here and enjoy it forever and to hell with your current job.

I said it was radical.

In either case, listen to your head and not your heart. Good luck, I know you'll make a good decision. if you haven't made one already.


Martyb,

Wow! That is radical thinking! I have thought about that more times than I thought possible (as I'm sure many other Disers have as well)! DH and I would both love to move to Florida -- it has been our dream since long before we became Disney addicts! :rotfl:

And, to be honest, we have thrown around the idea of up and moving once and for all if we do happen to lose our jobs. BUT, I would be almost certain that the economy (tourism, jobs, etc.) would be much worse off there than where we currently are, so for now I'll just keep dreaming!

I recently got some very uplifting news at work about our situation and feel much more comfortable about taking the trip, so for now I have it booked! If the bottom drops out, we'll cancel, but I've decided not to panic. I'm being as thrifty as I can with spending and have realized we can save 3 times more than what we have been each month, so that is our plan . . . buckle down and save and then enjoy ourselves!

k_null81
01-25-2008, 08:48 AM
I would vote go! Life is too short! I wish I could say we have savings and only have $5,000 in CC debt. Are jobs are pretty stable though even though they aren't the best paying.

Life is too short.

I would go.

Most people on the BB are super duper anti- credit card debt, so I have no doubt that most of your answers will be "no."

I, personally, don't find a small amount of debt to be a tragic, horrible thing that you should feel ashamed of.

We all have different philosophies, though!

Chicago526
01-25-2008, 09:14 AM
Martyb,

Wow! That is radical thinking! I have thought about that more times than I thought possible (as I'm sure many other Disers have as well)! DH and I would both love to move to Florida -- it has been our dream since long before we became Disney addicts! :rotfl:

And, to be honest, we have thrown around the idea of up and moving once and for all if we do happen to lose our jobs. BUT, I would be almost certain that the economy (tourism, jobs, etc.) would be much worse off there than where we currently are, so for now I'll just keep dreaming!

I recently got some very uplifting news at work about our situation and feel much more comfortable about taking the trip, so for now I have it booked! If the bottom drops out, we'll cancel, but I've decided not to panic. I'm being as thrifty as I can with spending and have realized we can save 3 times more than what we have been each month, so that is our plan . . . buckle down and save and then enjoy ourselves!

This sounds like the best bet. You could, if you liked, also plan a smaller/cheaper "back up" vacation if things at work change for you and you decide to cancel your Disney trip. Then you'll have at least some kind of vacation ready to go on the back burner.

branv
01-25-2008, 09:31 AM
My only advice is never assume your job is safe. DH's former employer went through several layoffs over the years & on shaky ground. DH & his fellow dept members *thought* they were safe because they were reduced down to 4 people covering a 24/7 operation. Well, that January one of them was let go anyway. It should have been DH if they went by seniority but another had a much worse attendance record & didn't pitch in to cover shifts like DH.

This is exactly what I thought. The same thing has happened to both DH and I. We were in positions that "the company can't do without!" Well, you really have no idea what the company is thinking. For DH, we were shocked when the company was bought out...still assumed was safe..until they liquidated the company (all they wanted were the patents). For me, I was in a position in HR and was the only one doing that necessary role. Hmmmm...well they outsourced HR! One of the first companies to start doing that, lucky me. And in another position, when I was just a part-time college student admin at an ad company, they laid off an account rep b/c they assumed I could do her job and mine! Uhhh...wha'?! Your companies could be sold, go bankrupt, buy another company and have to "merge" duplicate positions (i.e. someone goes), or just simply let you go and add your responsibilities onto another person's job.

One thing they all seem to agree on is that this housing thing is really just starting. You have to consider not only the impact of losing a job, but that it could be a while before you find another one.

I am not trying to panic you, but as a person who has been through this before, this is the time to play it safe. My biggest concern here is that this is not a trip you've already paid for, your credit card debt (as a result of no bonus..which you sure won't get this year either), but MOSTLY, practically entirely, is the industry you are in. And obviously that is your concern as well. Walt Disney World will still be there when this is over. Remind yourself of that when this sense of urgency starts up. When all this clears and you surface for air, this can be your reward. Sure, you can save 40% now at WL...but you could also pay $0 and have a better peace of mind for your family.

Either way, sending my best to you and your family. I know how hard this is, hoping the best for you both.

disneynan
01-25-2008, 05:15 PM
I would go. I agree with the "life is too short" people. Your children will only be little once. Continue to take them while they have the "magic"

That said, my jaw dropped when I read your trip budget!:scared1: We have a family of 5 and have NEVER spent more than 3K for a trip (usually 8-10 days including airfare). As you can see from my sig, we do not stay deluxe, but we go and have a good time. You could go during the fall with free dining, stay value and save at least 2K if not more. I don't recall the length of your trip. Maybe you could go for a shorter trip. Although we usually stay as long as possible to maximize the cost of the airfare.

As other posters said, you will do what is right for your family. Good luck.

MinnieMom
01-25-2008, 05:25 PM
I would go. I agree with the "life is too short" people. Your children will only be little once. Continue to take them while they have the "magic"

That said, my jaw dropped when I read your trip budget!:scared1: We have a family of 5 and have NEVER spent more than 3K for a trip (usually 8-10 days including airfare). As you can see from my sig, we do not stay deluxe, but we go and have a good time. You could go during the fall with free dining, stay value and save at least 2K if not more. I don't recall the length of your trip. Maybe you could go for a shorter trip. Although we usually stay as long as possible to maximize the cost of the airfare.

As other posters said, you will do what is right for your family. Good luck.


Well, I was originally planning on going for 10 days because we have done that the past few years and it just works out better for the kids. We do a park every other day and then on the off days just relax at the pool. So that amount was for 10 days at Wl. I have since cut back and have also downgraded to CSR, but we still have the dining plan and airfare, so I think it's still going to be about $3,300 unless I'm able to get a great deal on airfare.

ExPirateShopGirl
01-25-2008, 07:37 PM
The smart and practical thing to do is to cancel right now, even though your emotions are telling you otherwise. Canceling now does a few things:

1) frees up any deposit money

2) saves the time, effort and energy of seeking out airfare you won't need

3) keeps you from paying off things you really ought to in the hopes that being a few more thousand dollars in debt won't seem so bad by then

I'm sure your younger child is asking to go back. Even if you went this year, that child will STILL ask to go again. See also: Human Nature

Budget yourself $1000 maximum and figure out a family trip somewhere else, even if it's local. Pay off the credit card that will start charging interest. Now. I realize it's interest free for xx more months. Pay it off. Save yourself the headache of some calamity reducing your ability to pay it off in full by the end of the interest free period. The credit card company is COUNTING on you to put off the repayment.

Life maybe short, as one poster said... but having creditors call all day long will make it seem longer.

I think you know what you need to do. Put your big girl pants on and do it. Then get a good night's sleep.

:)



Thank you all for your good and honest advice. Although I can't bring myself to cancel the trip just yet, I am preparing myself for the fact that I may have to. I haven't even told the kids yet that I booked it just in case I had to cancel, so I have had that gut feel that it would have to be done :sad1:

I have until September to cancel, so I'm going to wait it out, but not have my hopes up. If things turn around for our jobs and we have the cc paid off with a good bit still in savings then maybe I'll consider it, but only if our jobs seem stable and the economy is more secure (though I doubt that will be the case . . . a girl can hope, can't she?!?!)

Although I said DH and I are in the building industry (and we are), most of our work comes from remodeling and I know that is down too, but I'm still hopeful that it will pick up somewhat. I work for a window manufacturer and DH works for a tile/linoleum manufacturer. So, I am still hopeful that come Spring people may need new windows! :goodvibes

Anyway, thanks for all the positive input. I am now bracing for the worst (because it is the smart, practical thing to do)!

brockscandy
01-25-2008, 10:04 PM
I hope you don't mind another opinion on here. We went to WDW for the first time in December 2006. It was my dream vacation and we stayed in Wilderness Lodge. I loved it and I feel so homesick right now (even though I am in my hometown with my parents and grandparents 3 blocks away:lmao: ).
We have another trip planned for this December with my parents who have never been. I wanted my kids to get this trip with their grandparents AND to celebrate my dad's retirement. I have the reservations made and am so sad that we have not received a 40% discount. Anyway, I am considering cancelling the trip because of my parents being very concerned about the stock market (their retirement). It's not like they have a lot of time for it to rebuild. I also have a hard time justfying the cost. We could go other places and stay in very nice hotels and see the country.

One last thought - We had 4 of us at the Wilderness Lodge with the dining plan flying from Oklahoma. The cost of your trip seems extremely high with 40% off. That's what we paid for it with no discount.

Good Luck on your decision.

SleepyatDVC
01-25-2008, 10:33 PM
I think part of the problem with people who go so often - at least once a year - is that we always HAVE to have a trip in the planning stages. See my siggie - I can TOTALLY understand. :hug:

If it will feel better to have that reservation to make you feel better, by all means keep it. Perhaps other deals will come along at later dates, I would then push the trip back to take advantage and cancel this one.

By this time, hopefully you will have hunkered down and saved all you can and paid off that cc bill too.

I think that deep inside you had misgivings about going and were hoping all of us would convince you NOT to go. ;)

If it's hard to think of skipping a year, think of it as postponing it for a few months. Aim for an early 2009 trip instead. You will have built up more savings and should know where the wind is blowing in terms of your job situation. I think you will feel less burdened by the worry that is at the back of your mind.

Best of luck. Have fun planning and hope you have a great time whenever you wind up going! :goodvibes

FayeW
01-25-2008, 11:10 PM
Sometimes reading these threads just infuriates me. Honestly, with the responses in this thread I have to wonder if some of you people can even READ!

So they have $5K in credit card debt. BIG DEAL. It's on an interest free credit card. Paying it off would actually be a stupid thing to do, because she would miss out on the interest she is EARNING on that $5K in her savings account. She has already accounted for an extra $6K that she has coming in the next little bit so paying that debt, when the interest free period is up, is really the least of her worries.

The OP also said they have $23K in savings, and are putting an additional $1000. away each month, not including the retirement funds. She also said that she can save the money to pay for the trip between now and then. She also said that they have re-evaluated their finances and can actually save 3 TIMES as much money as they had been!

So, to recap, the trip will be paid in cash, the money is already there to pay off the credit card when it is prudent to do so, and they are saving hard every month and already have a pretty impressive emergency fund. Yet some of you are acting like the sky is falling and that the OP and her husband are irresponsible. They sound like some of the most financially responsible people I have ever met!

OP, I am very glad you are keeping your reservations, at least for now. At this point all it's cost you is a $200. deposit. Keep planning and looking forward to your trip unless something changes.

Grand Canyon
01-25-2008, 11:12 PM
The kids will not remember how fiscally sound you were during the dark days of the housing bubble. They will remember the time you spent together on vacation. I know some will disagree but here is what we do if we have a tough decision that has about the same amount of pros as cons.
We flip a coin.
While it is in the air if you hope it will land one way instead of the other then you don't need to look at the coin. If on the other hand you did not hope for a particular outcome then let the coin decide.:hippie:
I hope this helps
Mike

cnids00
01-26-2008, 06:18 AM
I would go too! We also got the postcard for 40%, our first ever and I'm struggling myself! We have to replace siding and some windows this year and even with that I want to go. DH's friend at work owns timeshare and has been searching for a week for us, he has like a query out there and if something comes up we're going anyhow! Thing is, I used to fret about all our bills and I'm not anymore, there will always be bills :)

I know WDW will always be there but we only go somewhere once a year and a week in the world rejuvenates us to the fullest :thumbsup2

Aliceacc
01-26-2008, 06:37 AM
I vote for a much cheaper vacation elsewhere... the Poconos, the Jersey shore, DC...

While I personally wouldn't lose lots of sleep over $5000 of debt, the idea of losing both jobs would be a different matter.

This isn't a once in a lifetime trip for you, only (possibly) a great deal. There will be other good, maybe even great deals.

But if you can spend only half of that $4000 (and $2000 is a typical vacation in Lake George NY for us) on a vacation, you can knock off almost half of that credit card debt. That way, if the sky does fall, you'll have a lot more wiggle room. Your monthly payments will be far smaller, and you'll be able to sleep better at night. At the very least, you'll have a "credit cushion" of debt that you're comfortable with for next Christmas.

I know my kids could live without a trip to Disney. But significantly cutting back on Christmas would be much harder for us.

By not going to WDW this year, you can both Decrease your debt and NOT increase it any more. So if you do pay off $2000 (and still take a less luxurious vacation) you owe $2000 LESS, not $5000 MORE.

lorax123
01-26-2008, 07:10 AM
The kids will not remember how fiscally sound you were during the dark days of the housing bubble. They will remember the time you spent together on vacation. I know some will disagree but here is what we do if we have a tough decision that has about the same amount of pros as cons.
We flip a coin.
While it is in the air if you hope it will land one way instead of the other then you don't need to look at the coin. If on the other hand you did not hope for a particular outcome then let the coin decide.:hippie:
I hope this helps
Mike

I agreee with everybody saying go. You have everything taken care of, no debt, money in savings... You have plans and back-ups. You can't sit around waiting for the sky to fall. $3300 for your trip. In the grand scheme of things that is not a lot of money. You can waste that on local weekend trips over the course of a year.

Kickapoo Joie Juice
01-26-2008, 08:15 AM
I would go.

Just work on getting the card paid off faster and building a bigger unemployment buffer, and commit to doing things at Disney like eating all counter service or in the room to cut down on costs.

torinsmom
01-26-2008, 08:47 AM
People here would think I was crazy if I posted my financial situation and said we are still going in August.:rotfl: My feeling is that as long as I can keep it under $2000(me and DS13), it's not much more than a vacation at the beach, and a whole lot more memorable. If I was in your shoes, I wouldn't even hesitate. You have enough cash coming in in the next few months to pay for the trip in full. If you can do that and pay your credit card bill by time for the trip, there is no reason not to go. It would be unlikely that you would both get laid off at the same time, and with IT backgrounds, there are jobs to be found. Besides, you have a long time to see how things go, so you can always cancel later on if need be.

Marsha

lorax123
01-26-2008, 10:15 AM
People here would think I was crazy if I posted my financial situation and said we are still going in August.:rotfl: My feeling is that as long as I can keep it under $2000(me and DS13), it's not much more than a vacation at the beach, and a whole lot more memorable. If I was in your shoes, I wouldn't even hesitate. You have enough cash coming in in the next few months to pay for the trip in full. If you can do that and pay your credit card bill by time for the trip, there is no reason not to go. It would be unlikely that you would both get laid off at the same time, and with IT backgrounds, there are jobs to be found. Besides, you have a long time to see how things go, so you can always cancel later on if need be.

Marsha


They both have IT backgrounds (I skipped a few pages!)? Yeah, they definately have marketable skills! Maybe you'll have to take a pay cut, but if you are already saving $1000 (didn't the OP say she figured out a way to save 3x that a month!?!?! WOW). You can skrimp, work things out and re-budget!

Do it! Do it! Do it!

I agree with a few other posters on the CC. It's interest free, you have the money to pay it off at anytime. That's not even an issue. I'm all for using somebody else's money as long as you have the funds to pay it off at any time. Just play by the rules and pay it off before the balance comes due and you are fine.

Edit: Of all people that should be taking a vacation, you guys are more than qualified! I wish I had half your qaulifications! :>

kileybeth
01-26-2008, 11:17 AM
FayeW:thumbsup2 , yes I often wonder if people even read the facts before spouting off. It's fine to have an opinion and certainly the OP asked for opinions AND I would not be offended by some of them (DVCgirl-we all knew you'd come in conservative!) BUT I can also hear those opinions and still make up my own mind.

And if the dream is WL then that's the OP's dream. Offsite? Op's been there done that. and while I personally love the dining plan it is the thing I would/could give up. The OP, seems not so much so that's her decision.

If I only had that cash in hand and that much to put in savings each month I would certainly be going to Disney. no chicken little living for me. my kids get older every year and then they are grown and gone and so is the opportunity. My 2 grown children talk more about our vacations then having to trim the overall budget to take them.

so all that to say. . one more vote to go. jmo.

OP keep us posted.

oh, one more. the shore for a week or 10 days cost us 2x the amount Disney cost us! and exploring America (mid west and such) cost us 3x the Disney trip to POLY for a week! but that's just us.

SleepyatDVC
01-26-2008, 12:24 PM
Sometimes reading these threads just infuriates me. Honestly, with the responses in this thread I have to wonder if some of you people can even READ!

So they have $5K in credit card debt. BIG DEAL. It's on an interest free credit card. Paying it off would actually be a stupid thing to do, because she would miss out on the interest she is EARNING on that $5K in her savings account. She has already accounted for an extra $6K that she has coming in the next little bit so paying that debt, when the interest free period is up, is really the least of her worries.

The OP also said they have $23K in savings, and are putting an additional $1000. away each month, not including the retirement funds. She also said that she can save the money to pay for the trip between now and then. She also said that they have re-evaluated their finances and can actually save 3 TIMES as much money as they had been!

So, to recap, the trip will be paid in cash, the money is already there to pay off the credit card when it is prudent to do so, and they are saving hard every month and already have a pretty impressive emergency fund. Yet some of you are acting like the sky is falling and that the OP and her husband are irresponsible. They sound like some of the most financially responsible people I have ever met!

OP, I am very glad you are keeping your reservations, at least for now. At this point all it's cost you is a $200. deposit. Keep planning and looking forward to your trip unless something changes.

Actually, ITA with you. They are VERY financially responsible people! And it is because they are so, that they are having qualms about taking the trip or not. It's actually about her uncertainty about their jobs that is making her second guess herself, not about their ability to save - that is a proven thing. BECAUSE she IS financially responsible, she can't help but wonder if she should go on the trip. ;)

The key is that they need to find a balance between their financial responsibility and making a trip that won't make them feel guilty.

I absolutely think they CAN go. But to help calm the guilt that plagues financially responsible people, some strategies include reducing the costs of the trip, delaying the trip, and (the one they chose) wait and see but be prepared mentally and emotionally to cancel if their job situation changes.

I'm glad they found a compromise that makes them feel comfortable with! Let's hope their jobs are secure and they can have a totally worry free trip!! :yay:

hoosiergirl7
01-26-2008, 12:55 PM
My say is no. Pay off the CC bill first and then if you can save enough money to take a trip staying at a value resort without the dining plan then do it late this year like in Oct/Nov.

I know how hard it is, because I too used to think the way you do. But we made the decision that we never EVER wanted to be in debt again and if we can't pay for it in cash or by saving for it, we don't buy it, we don't take a vacation we can't afford, etc. It's not always easy, but then I think of all the money we will have when we retire (current estimate is the 1-3 million dollar range for retirement) by living the way we do, there's no question in my mind that not having to rely on social security when we retire is the way we want to live.

Hope this helps!

MinnieMom
01-26-2008, 03:05 PM
FayeW:thumbsup2 , yes I often wonder if people even read the facts before spouting off. It's fine to have an opinion and certainly the OP asked for opinions AND I would not be offended by some of them (DVCgirl-we all knew you'd come in conservative!) BUT I can also hear those opinions and still make up my own mind.

And if the dream is WL then that's the OP's dream. Offsite? Op's been there done that. and while I personally love the dining plan it is the thing I would/could give up. The OP, seems not so much so that's her decision.

If I only had that cash in hand and that much to put in savings each month I would certainly be going to Disney. no chicken little living for me. my kids get older every year and then they are grown and gone and so is the opportunity. My 2 grown children talk more about our vacations then having to trim the overall budget to take them.

so all that to say. . one more vote to go. jmo.

OP keep us posted.

oh, one more. the shore for a week or 10 days cost us 2x the amount Disney cost us! and exploring America (mid west and such) cost us 3x the Disney trip to POLY for a week! but that's just us.

Thanks FayeW and kileybeth! :worship:

I keep reading these posts thinking no one has actually read my original! If someone has the opinion that I shouldn't go, that's fine, but it would be nice if it was based on the facts! LOL!!

I'm not what I would consider to be "in debt." Yes, we do have that cc out there, but I can't justify paying it off when it is interest free at this point and I am EARNING more than that by having the money in my savings account. When the interest free period runs out, it will be paid in full!

I just found out our income tax check is going to be quite a bit larger than we had expected, so that was a nice surprise. It will almost pay for the trip (which by the way, I could have paid for anyway without going into debt!). I read so many posts insinuating I was going to put the trip on a cc - that was never a possibility. I refuse to go into debt for a vacation (not that there is anything wrong with that if it is your choice ;) ) -- just not for me!

If anything, suggest I don't go because of the industries both DH and I are in. That I can understand and THAT is what is holding me back from saying we are definitely going, but please don't keep saying that I am in debt up to my eyeballs and am going to go in even deeper debt IF I choose to go on this vacation!

I hope I don't come off sounding ungrateful. I do appreciate all the advice. I just felt like I had to set the record straight because some people didn't seem to understand the situation. Thanks!

mom2twinz3
01-26-2008, 03:07 PM
I would go. Just because I have learned the hard way how short life can be. I will always regret not taking a trip when I thought it would be more frugal not to go because that was the last time I would have gotten to see a family member who unexpectedly passed away. Now, I live with that regret every day. It's easy to say wait, but none of us are guaranteed tomorrow and really it looks as though things are going to take a long time before they get better with the economy.

One does not want to be irresponsible, of course. But you have to have balance in life and you need to be mindful of making the most of the time you have as well.

CarolA
01-26-2008, 04:12 PM
To the OP.

I have no idea why you posted this original post. If you have spent any time on this board you will have learned that this board has a lot of "holier then thou"

To this group ANY debt is bad.... I have credit card debt. Like you I could pull out of savings and pay it off tomorrow and STILL have a substantial emergency fund not counting my other investments. To the "holier then thou" on this board I am a sinner and will not get to join them in heaven LOL!

You are right these posters have NOT read most of your posts. They read the part they like to lecture on... As soon as you posted "Credit card debt" they were OFF on thier quest to show you the light. (I have been reading these posts for years, they don't really bother me. Sometimes I have CC debt and sometimes I don't. As far as I can tell it has no real impact on my life. I don't have enough debt to bother me, I know I could pay it off, I perfer to do like you and let MY money work for me. I was once told by a poster on here that I should pay off my car. Interest rate 0.0%, HECK why should I have taken money out of savings to pay that off??? The car loan folks would have loved me, but I would rather MAKE money then let them make money!)


Now, personally I would go. I went to Disney the week I walked out of my job without a new one lined up. (I can hear the gasping on here NOW! LOL!) I did do it on the "el cheapo" plan. No sit down dinners, no souvieners, brought breakfast food etc.

Now, if things change and your DH or you get laid off you go back and look at the situation. Most folks on here are posting going "My job is safe" - the truth is that no one knows. I worked at my job for 16 years. I had a VERY good job, no risk of layoff etc... A reorg put me under "el jerk" after a month of verbal abuse of me and my 10 staff members I walked..... So, while the "holier then thou" would NEVER plan a Disney trip when thier job was at "risk" YOU JUST DO NOT KNOW!!! So based on that no one should EVER go to Disney, I mean a crisis you don't know could occur. We should all stay home in preperation. Think I am over reacting... the ONLY difference between the OP and ANY of us is that she actually has a more realistic knowlege of what the crisis might be!

(Now would I stay at WL.... it would have to be a great rate. Sorry Disney "deluxe" does not mean "we charge a lot" Deluxe means we provide superior service. Disney "deluxes" don't measure up IMHO!)

TnTWalter
01-26-2008, 04:25 PM
Who said you have to vacation every year? I just don't get it personally UNLESS I am debt free, have an EF in place, putting the %s in my retirement, college for kids started and I've actually saved up money in my vacation fund!

I would pay the $5K off on my credit card from the $23K you have in savings, assuming its not retirement, etc.

So now you have $18K. IF you have NO other debt [car loans, 2nd mortgage, Sears, etc.], then you can go on vacation. :goodvibes Leave the rest in your EF.

IF you do have other debt, no vacation YET...:thumbsup2 pay it off as soon as you can...build up an EF in case someone is laid off and then go on vacation!

We took our first expensive vacation when our oldest of 3 was 6 years old. We survived! Really....Until then we camped and did little weekends here and there. We went to WDW of course! LOL. And only spent $3K TOTAL on family of 5 with air etc. We went again 1.5 years later with the code last year and only spent $3600 TOTAL with air, etc. and nicer digs to boot.

We take them camping in the summer. They love it too. We're hoping to do Mackinac this summer for 4 nights and spending $1K+ which we've saved.

You save up and go on vacation. It's not a necessity, it's a luxury. You asked for opinions. That's mine.

I haven't read any responses but I'm sure most told you to go, this is the DISboards afterall. So, I'm guessing you're going to WDW.

Enjoy! Have a great time!

I'm editing because I read the above poster and it ticked me off...sorry. I was asked my opinion and I'm giving it. It doesn't make sense to me to have credit card debt and make PAYMENTS to someone other than ME when I have money sitting there. I use a credit card and earn points. I just received $500 in the mail for my points thank you kindly. We pay EVERY month. We don't charge unless we have money in our account. I don't pay interest because I don't carry balances not because I received a 0% offer in the mail. If OP gets laid off and they have now charged the vacation + the $5K on the 0% credit card and they're a second late it's no longer 0% and it could even be double or more what they thought because now the credit company thinks they're 'a risk' since they paid late....do you think they'll be better off? Do I think I'm better than you CarolA? Not at all, but I've been where you are and where I am and I feel safer here. And I read the whole of OP's post..yeah for me!

I know for me personally when I am so excited about something I want everyone to feel the financial peace I have...it's like when you get a great deal on a camera an exercise program or a disney trip or even when I find a great book, I want everyone to experience it too. I do understand that there are some circumstances where a a vacation or something that may not make finanical sense really is better to do now [child with illness, grandmother's last trip, a brother's wedding, something like that] but those situations are few and far between and I have done my share of justifying trust me. I like to think that I'm not just older...I earned these crows feet, I'm wiser too.


Trish

toesmom
01-26-2008, 05:25 PM
Have you also factored in lost wages for the time that you go? Figure out what you would both earn if you worked those days, and that is actually what your vacation would cost.

We considered doing Disney in August, but figured between work and vacation costs... the trip actually costs us close to $6000. Hard to believe. People forget about the money they would be earning if they didn't take that extra trip to disney.

As for should you go... if you are on the fence about it, then I would suggest part of you is trying to be responsible and the other part of you wants the fantasy of disney (which I truly understand). Maybe it would be wise to stay in cheaper accommodations and come up with better airfares to try to at least bring some of the costs down. You can apply the 40% to mods or values also.

Another thing I considered for your family... if job market is tough, and even if your jobs are not in real jeopardy, I think your employer would look better on you if you didn't take a holiday. Rather, show employer how he really can depend on you as as employee. I am in a manager's position, and if there were layoffs imminent, I would firstly look at the staff who really put themselves out for our company, over those who took a holiday. Sorry just my opinion.

problemchild718
01-26-2008, 05:33 PM
I would go! You are a good saver and have more in savings than most. Doesn't sound like you are terribly frivolus.
If you are willing to cut back between now and the trip and PAY CASH for it, I think its reasonable. I wouldn't let the 40% off thing get you too much. I just resnted some DVC points to my cousion for a Sept stay at WL she would have been paying $2700 or so for the room she is renting from me for $480.00You can save lots if you rent points.
Anyway let me tell you why I think you should go: I have lost my brother, mother, father, a cousin an uncle and 2 aunts in the past 8 years. I don't wish for anything but more time with them-you can't buy memories that are so special. I cherish the memories of family trips to WDW.
ANYTHING can happen in a year-or a day. God willing you will all be together next year-if not will you regret not going? While that doesn't mean we shouldn't do prudent planning and live within our means, we shouldn't live in fear and never enjoy ourselves. Your kids will go to college with or without the trip and you will retire with or without the $4400.00
If it is not a financial strain and YOU feel comfortable with your choice-go for it.

problemchild718
01-26-2008, 05:35 PM
"We considered doing Disney in August, but figured between work and vacation costs... the trip actually costs us close to $6000. Hard to believe. People forget about the money they would be earning if they didn't take that extra trip to disney"

Thats what vacation days are for.

Aliceacc
01-26-2008, 05:36 PM
To the OP.

I have no idea why you posted this original post. If you have spent any time on this board you will have learned that this board has a lot of "holier then thou"

To this group ANY debt is bad.... I have credit card debt. )

For what it's worth, I was one of the people saying not to go. I have no problem with a reasonable amount of credit card debt (and after all the Christmas shopping I did online, along with winter clothes and, oh yeah, the new car we needed, I would love to owe only $5000)

My reasoning was that having 2 jobs both in jeopardy would cost me sleepless nights. If it were me, I would opt for a cheaper, local vacation this time around.

Not "holier than thou"... just my opinion on the situation as it was presented.

dvcgirl
01-26-2008, 05:39 PM
To the OP.

I have no idea why you posted this original post. If you have spent any time on this board you will have learned that this board has a lot of "holier then thou"


This is funny because when I read the fist part of this comment I thought for sure that you were going to say that this board has a lot of "Life is too short" types who will urge you to go....no matter what the financial circumstances. We see posts like that here a good deal of the time too.

I'd say it's 50/50 for sure. There are fiscal conservatives like myself and the other end of the spectrum are people who go no matter what their personal finances look like....because "the kids are only little for so long!" And then there's a lot of people in-between.

I actually wonder how many people post these types of questions to this board and actually have their mind changed by some of the posts that follow. I doubt it. I think someone posting to a Disney board..."Should we go or stay home this year??" pretty much has their mind made up to go. They're just looking for a few people to tell them that they'd go under the same circumstances.

My take on it is you have to know your own financial situation and really not worry about what others would do. Hearing that others go to WDW too with credit card debt wouldn't make me feel any better about taking the trip. Look at how most Americans handle their personal finances. I observe how most Americans handle their personal finances.....then do the exact opposite.

TnTWalter
01-26-2008, 06:48 PM
So what did you decide to do? Or are you still deciding?

Best of luck. I'm hopeful things will turn around for you.

Financial peace is a fantastic book to read. I'll also recommend The Millionaire Next Door and Rich Dad Poor Dad [although he believes in big time leveraging on real estate deals; and I personally would be slow and steady ... the tortoise and the hare... because he's probably a bit nervous right now with the real estate industry and 14Million leveraged...yikes] and of course Total Money Makeover. I love the library. You can get them on cd there too.

By the way DH is in land development and I was a Realtor until this past year...2007 I officially went from part-time to nada.

Trish

MinnieMom
01-26-2008, 07:05 PM
So what did you decide to do? Or are you still deciding?

Best of luck. I'm hopeful things will turn around for you.

Financial peace is a fantastic book to read. I'll also recommend The Millionaire Next Door and Rich Dad Poor Dad [although he believes in big time leveraging on real estate deals; and I personally would be slow and steady ... the tortoise and the hare... because he's probably a bit nervous right now with the real estate industry and 14Million leveraged...yikes] and of course Total Money Makeover. I love the library. You can get them on cd there too.

By the way DH is in land development and I was a Realtor until this past year...2007 I officially went from part-time to nada.

Trish

I was going to respond to your post, but I see you just edited it, so I'll let it slide ;)

By the way, I do have Total Money Makeover and Smart Couples Finish Rich, which is another great read.

TnTWalter
01-26-2008, 07:08 PM
Thanks FayeW and kileybeth! :worship:

I keep reading these posts thinking no one has actually read my original! If someone has the opinion that I shouldn't go, that's fine, but it would be nice if it was based on the facts! LOL!!

I'm not what I would consider to be "in debt." Yes, we do have that cc out there, but I can't justify paying it off when it is interest free at this point and I am EARNING more than that by having the money in my savings account. When the interest free period runs out, it will be paid in full!

I just found out our income tax check is going to be quite a bit larger than we had expected, so that was a nice surprise. It will almost pay for the trip (which by the way, I could have paid for anyway without going into debt!). I read so many posts insinuating I was going to put the trip on a cc - that was never a possibility. I refuse to go into debt for a vacation (not that there is anything wrong with that if it is your choice ;) ) -- just not for me!

If anything, suggest I don't go because of the industries both DH and I are in. That I can understand and THAT is what is holding me back from saying we are definitely going, but please don't keep saying that I am in debt up to my eyeballs and am going to go in even deeper debt IF I choose to go on this vacation!

I hope I don't come off sounding ungrateful. I do appreciate all the advice. I just felt like I had to set the record straight because some people didn't seem to understand the situation. Thanks!

I read your entire OP and I've read all your posts since then...

Why did you ask the question the way you did? I usually ignore these questions because I know what's going to happen...and it did.

But I'm compelled to ask why?

Why not ask 'Please make me feel better for planning a WDW trip when xyz are happening'....you would have received all the posts you obviously wanted telling you 'life is short'...'you're doing great'....'you can afford it'...you deserve it'...'go for it'... There's nothing wrong with wanting to feel better about a decision you've made. I know I've done it myself so I absolutely understand it.

But why did you ask 'Financially savvy people....would you go?'

TnTWalter
01-26-2008, 07:11 PM
I was going to respond to your post, but I see you just edited it, so I'll let it slide ;)

By the way, I do have Total Money Makeover and Smart Couples Finish Rich, which is another great read.

I put it in a new post...feel free to respond. I'm very curious.

MinnieMom
01-26-2008, 07:11 PM
I actually wonder how many people post these types of questions to this board and actually have their mind changed by some of the posts that follow. I doubt it. I think someone posting to a Disney board..."Should we go or stay home this year??" pretty much has their mind made up to go. They're just looking for a few people to tell them that they'd go under the same circumstances.

To be honest, I have changed my mind multiple times after reading all these posts. My head is spinning and DH thinks I am insane!

My mind was never made up to go. I posted the basics about our situation, but I never post all the details of my life on a message board(!), so I am trying to look at the big picture of my situation and take into account the great (and not so great ;) ) advice I've been given.

There are other reasons I feel we need to make this trip beyond it being my 'dream.' I'm just trying to decide if they are more important than putting the money back in case DH and I are both out of a job. I realize that sounds like it should be a simple decision to make and it would be if my only concern was the money.

MinnieMom
01-26-2008, 07:16 PM
I read your entire OP and I've read all your posts since then...

Why did you ask the question the way you did? I usually ignore these questions because I know what's going to happen...and it did.

But I'm compelled to ask why?

Why not ask 'Please make me feel better for planning a WDW trip when xyz are happening'....you would have received all the posts you obviously wanted telling you 'life is short'...'you're doing great'....'you can afford it'...you deserve it'...'go for it'... There's nothing wrong with wanting to feel better about a decision you've made. I know I've done it myself so I absolutely understand it.

But why did you ask 'Financially savvy people....would you go?'

Because I don't want to hear from only the people who are going to say "go for it" and "life is short." I'm not looking for a pep talk. Who in their right mind needs encouragement to make a trip to WDW?!?!

I was curious to hear how 'financially savvy' people viewed the economy right now and my situation. Soon after I posted this question I also posted a question about emergency funds and how much people thought you should have. I always considered myself to be pretty financially responsible, but I've never had a bar to measure myself up against. I wanted to know what other people thought.

I thought that is what this board was about - educating others on financial issues, whether it be saving $$ at Target or starting an EF.

TnTWalter
01-26-2008, 07:29 PM
Because I don't want to hear from only the people who are going to say "go for it" and "life is short." I'm not looking for a pep talk. Who in their right mind needs encouragement to make a trip to WDW?!?!

I was curious to hear how 'financially savvy' people viewed the economy right now and my situation. Soon after I posted this question I also posted a question about emergency funds and how much people thought you should have. I always considered myself to be pretty financially responsible, but I've never had a bar to measure myself up against. I wanted to know what other people thought.

I thought that is what this board was about - educating others on financial issues, whether it be saving $$ at Target or starting an EF.


Absolutely we're about educating. I have learned a TON here. But when you respond with a :worship: to a few for their posts and say you thought no one really read your OP, it comes off that you really didn't want to 'hear' dissenting opinions. I'm sorry if I misread...sometimes it's so hard when you only see words to get the feel.

I think having at least 3 probably closer to 6 months of EXPENSES not SALARY [does that make sense?] to tide you over in case of an injury or job loss or 'what have you' would help. So determine how much it costs to run your household [mortgage, utilities any monthly payments that you can't cancel in an emergency, groceries, etc.] If you had to drop some luxuries that you enjoy now because you have a good income, etc. you don't have to calculate those in. Take that amount and decide where you're comfortable saving at 3 4 5 6 or even10 months, wherever you feel safe and call that your EF or rainy day fund.

Trish:hippie:

TnTWalter
01-26-2008, 07:34 PM
Wanted to add I would recommend keeping the EF liquid so you could get to it without delay or penalties. We keep ours in an ING account. DH had a hard time having a chunk of change not earning the higher interest rates but it's not an investment it's a safeguard. And right now our MF has lost a big 'ole chunk and I'd hate to have to pull money out of that. Sigh.

Trish

hoosiergirl7
01-26-2008, 07:36 PM
I'm not what I would consider to be "in debt." Yes, we do have that cc out there, but I can't justify paying it off when it is interest free at this point and I am EARNING more than that by having the money in my savings account. When the interest free period runs out, it will be paid in full!

I just found out our income tax check is going to be quite a bit larger than we had expected, so that was a nice surprise. It will almost pay for the trip (which by the way, I could have paid for anyway without going into debt!). I read so many posts insinuating I was going to put the trip on a cc - that was never a possibility. I refuse to go into debt for a vacation (not that there is anything wrong with that if it is your choice ;) ) -- just not for me!


You asked for opinions but you are "in debt". You owe a CC company $5K interest free or not. I don't like seeing people use the "It was interest free" line. I'm still in shock that you spent $5K on Christmas. Dh and I come from big families and were able to keep Christmas at right around $1K and we paid for it all in cash that we had saved throughout the year. We refuse to be slaves to the lender and that's why we don't borrow money and save as though my husband could lose his job tomorrow.

If you want to use your refund check to take a vacation fine, but I would use it to pay off the CC and then save for a vacation towards the end of the year. I'm not trying to criticize but to me it seems like your trying to find reasons to justify the need for a Disney vacation. Do we really need vacations? No. We didn't take one last year because we got out of debt in June and were saving to buy a new mini-van using cash. You heard that right, we saved money so that I could buy a slightly used Toyota Sienna in CASH!! I'm sure most people wouldn't even dream about saving $20K to buy a car outright.

This year we can afford to take a vacation. If we couldn't, we wouldn't go. End of sentence. If you feel comfortable going knowing that you may soon lose your jobs and because you're getting a bigger tax refund this year, by all means go. No one is obviously going to stop you but in my opinion, you're making some foolish decisions to justify childish "I want it now" behavior.

You asked, for it and I answered.

wide awake
01-26-2008, 07:41 PM
I've read most of the posts on this thread, and I'll agree w/ previous posters, that many on this board are either VERY conservative, or devil may care. If you can pay for the trip w/o going into debt, if you have funds to carry you for 2-3 months in case both you and DH get laid off...go for it. In my own life I've found that the scary things I worried about didn't happen, it was always the things that never occured to me that kicked me in the behind...and you can't plan for those. You can put yourself in a fairly safe place, but certain things call for more funds, or emotional strength than you can put aside. Money isn't everything...I'm more secure than I've ever been, and it doesn't mean a thing.

MinnieMom
01-26-2008, 07:42 PM
You asked for opinions but you are "in debt". You owe a CC company $5K interest free or not. I don't like seeing people use the "It was interest free" line. I'm still in shock that you spent $5K on Christmas. Dh and I come from big families and were able to keep Christmas at right around $1K and we paid for it all in cash that we had saved throughout the year. We refuse to be slaves to the lender and that's why we don't borrow money and save as though my husband could lose his job tomorrow.

If you want to use your refund check to take a vacation fine, but I would use it to pay off the CC and then save for a vacation towards the end of the year. I'm not trying to criticize but to me it seems like your trying to find reasons to justify the need for a Disney vacation. Do we really need vacations? No. We didn't take one last year because we got out of debt in June and were saving to buy a new mini-van using cash. You heard that right, we saved money so that I could buy a slightly used Toyota Sienna in CASH!! I'm sure most people wouldn't even dream about saving $20K to buy a car outright.

This year we can afford to take a vacation. If we couldn't, we wouldn't go. End of sentence. If you feel comfortable going knowing that you may soon lose your jobs and because you're getting a bigger tax refund this year, by all means go. No one is obviously going to stop you but in my opinion, you're making some foolish decisions to justify childish "I want it now" behavior.

You asked, for it and I answered.

Ok, since you put it out there. No, I don't find it impressive that you paid for your mini-van with cash. I have never had a car loan. I have always paid cash for my vehicles. DH has done the same. I don't believe in paying interest on something that depreciates so quickly. I bought my 2003 Honda Pilot in '04 with cash and I plan to have it for quite a while.

MinnieMom
01-26-2008, 07:44 PM
Absolutely we're about educating. I have learned a TON here. But when you respond with a :worship: to a few for their posts and say you thought no one really read your OP, it comes off that you really didn't want to 'hear' dissenting opinions. I'm sorry if I misread...sometimes it's so hard when you only see words to get the feel.

I think having at least 3 probably closer to 6 months of EXPENSES not SALARY [does that make sense?] to tide you over in case of an injury or job loss or 'what have you' would help. So determine how much it costs to run your household [mortgage, utilities any monthly payments that you can't cancel in an emergency, groceries, etc.] If you had to drop some luxuries that you enjoy now because you have a good income, etc. you don't have to calculate those in. Take that amount and decide where you're comfortable saving at 3 4 5 6 or even10 months, wherever you feel safe and call that your EF or rainy day fund.

Trish:hippie:

Please note that on my post I also thanked everyone for their suggestions and said I did not want to sound ungrateful. That being said, however, there were multiple posts saying I was going to put the vacation on a cc. I said I was going to have the cc and the trip paid for. I have no intention of ever charging a vacation (not that there is anything wrong with that for people who do it). I have just never done that and never will. However, many posters kept writing about me charging the vacation. It was a relief to finally read some posters who understood what I was saying! That is why I thanked those two posters! :goodvibes

As far as the EF goes - right now we have enough to last 10 months if we BOTH lose our jobs, so I feel pretty good about that now that I know what most people suggest.

dvcgirl
01-26-2008, 08:07 PM
To be honest, I have changed my mind multiple times after reading all these posts. My head is spinning and DH thinks I am insane!

My mind was never made up to go. I posted the basics about our situation, but I never post all the details of my life on a message board(!), so I am trying to look at the big picture of my situation and take into account the great (and not so great ;) ) advice I've been given.

There are other reasons I feel we need to make this trip beyond it being my 'dream.' I'm just trying to decide if they are more important than putting the money back in case DH and I are both out of a job. I realize that sounds like it should be a simple decision to make and it would be if my only concern was the money.

Okay minniemom...I believe ya! We don't want your head spinning too much. I really do try and read the whole post and not make a snap judgement. Another poster recently asked whether they should go....she felt her job was pretty secure and DH was a teacher. I voted yes for her. Not that my vote matters, but the situation was different.

I only voted no for you because of the industry you guys both work in (and because I read too much on the current housing crisis ;) I think things will get worse in your industry before they get better. I sincerely hope that you *both* keep your jobs, but I'd be conservative for the next 12-18 months if I walked in your shoes.

You do have a nice emergency fund with that 23K, but how long would that last you if you both lost your jobs? How quickly could you replace those jobs? How much of a pay cut might you take once you got a new job? These are the kinds of questions you should ask yourself.

I post this because DH and I have BTDT. And let me tell you, having a six month emergency fund in place and no debt was a huge relief. DH found another job within six weeks, but after a succession of pay cuts beginning in 2001 all the way to the lay off in 2003....that equaled 25% of his pay, the new job was another 10% below that. DH had co-workers who didn't find jobs (software engineers) for months, even up to a year after they were laid off. Many had to dip into their home equity to pay bills.

After that experience we decided that having a year's worth of expenses in our emergency fund would make us both feel better (dvcboy is a fiscal conservative too ;).

I'm not trying to scare you...just sharing my own experience and trying to offer some wisdom. Trust me, Disney will offer discounts. And if things work out for you guys, why not rent DVC points and stay at WL....you'll probably do better than the 40% off deal if you plan it correctly :)

Again, either way, if you go or stay home....I hope you keep your jobs!!

dvcgirl
01-26-2008, 08:17 PM
As far as the EF goes - right now we have enough to last 10 months if we BOTH lose our jobs, so I feel pretty good about that now that I know what most people suggest.

That's a very solid emergency fund....way, way better than what most people have. When were you looking to go to Disney again. You said something about having the trip paid for by the time you get to November...which is when the 0% interest on the 5K is up.

So, I *might* change my mind if that 23K really would pay for 10 months of expenses. If I was in your shoes, able to pay off the 5K in CC debt, and the trip *and* keep that 23K emergency fund in place...I'd *think* about going. And that's as crazy as I'll get tonight ;).

TnTWalter
01-26-2008, 08:20 PM
As far as the EF goes - right now we have enough to last 10 months if we BOTH lose our jobs, so I feel pretty good about that now that I know what most people suggest.

Awesome!

But really if you have this much money in EF and in savings, why on earth are you worried??? LOL.

This is why I was under the impression you were charging the trip ...
Oh, another note. I did rack up a credit card bill, which I said I would never do, but Christmas was tough this year because DH didn't get the bonus we thought he was going to. So, I do havea $5,000 CC bill, but it is on a no interest card until November and I'm sure I can have that and the trip paid off by then with no problem. It would just mean not saving much else!


Just be careful couting chicks before they're hatched as they say...I feel like Ross Perot! LOL. I have been there and done that.

Trish

MinnieMom
01-27-2008, 07:42 AM
That's a very solid emergency fund....way, way better than what most people have. When were you looking to go to Disney again. You said something about having the trip paid for by the time you get to November...which is when the 0% interest on the 5K is up.

So, I *might* change my mind if that 23K really would pay for 10 months of expenses. If I was in your shoes, able to pay off the 5K in CC debt, and the trip *and* keep that 23K emergency fund in place...I'd *think* about going. And that's as crazy as I'll get tonight ;).

Well, I am *thinking* about going this October, so it would still give me a good bit of time to save and/or cancel if need be. I have no doubt the cc will be paid for by then. I have been making monthly payments on it, so it is down to $4,500 now -- and by the time November comes I'll just take it out of savings to pay the full amount if it's not paid for by then.

I also put back $1k a month into savings/EF, so the savings will grow. And we have always tried to live below our means, but I am now realizing after going through our budget over and over again that we can cut many, many other little 'luxuries' that we just kind of got accustomed to, but won't really miss, so we can actually save quite a bit more that can be used to pay for the trip and put in savings toward the cc. This will also allow us to see how long the EF would last us, but I don't see any reason why we couldn't get by on $2k a month. As I said, we live well below our means. Our only 'real' (unpayable at this time) debt is our mortgage and we built our house 10 years ago when we were first married and when housing prices were much more reasonable! So we are very lucky there! We actually had considered 'upgrading' to a newer home a few years ago, but decided against it because we have an unbelievable rate (4.875% for 15 years) and we are very comfortable in our home. It was our dream home when we built it and though we realized we could afford something bigger and maybe better, it wasn't worth it to us to have the extra payments!

I do have another $7,000 or so coming in over the next few months from reimbursements at work for tuition and a loan repayment, etc. That will all go directly into savings.

So that's the story! I do appreciate everyone's comments - either for the trip or against it. I try to be very financially responsible, which is why I am questioning the trip. If it weren't for the economy (which I know very little about) I wouldn't have given it a second thought! So, I was just trying to get input from the economic smarties!! :lmao:

Thanks again!

MinnieMom
01-27-2008, 07:54 AM
Awesome!

But really if you have this much money in EF and in savings, why on earth are you worried??? LOL.

This is why I was under the impression you were charging the trip ...


Just be careful couting chicks before they're hatched as they say...I feel like Ross Perot! LOL. I have been there and done that.

Trish

If you ask my DH, he'll tell you I'm questioning it because I am a 'panicker' by nature! LOL!! He thinks I'm nuts, but I've seen many people get in over their heads because of a dumb decision they made and I don't want that to be me. My family (although I love them to pieces!) are not the best when it comes to $$, so as I've said I don't really know of any good standard to measure myself up against. That's why I came to the dis!! I wanted a good reality check. I feel pretty good about our situation, but there's always that thought in the back of my mind of maybe it's not good enough, kwim?

Anyway, I can see how that statement about the cc could be misunderstood. I meant that between the monthly payments I am making on the cc and the trip now and with what is going into savings every month (in addition to the $23k) everything will be paid for without tapping into that $23k.

kimberlyWDW
01-27-2008, 08:08 AM
I have lived through a layoff. I would not go if I were you! Remember that when you get laid off you also lose medical insurance, you can maintain your insurance through COBRA but it is amazingly expensive...think 1000 or more per month plus your regular medical expenses. Furthermore, the building industry is very slow right now which means that finding another job will be especially difficult. You or your husband my need to seek training in another job area or get advanced training in a current field (like the IT). That can be quite expensive. That 5k in debt in November might be pretty painful (especially if it's one of those deals where they institute retroactive intrest all the way back to December if the bill is not paid in full before November). If you got laid off next month, that 24K might be gone before November. Now imagine that during that time you need a new car or a major home repair. That 24K can slip away pretty quickly. Going to Disney when you may not have any income is foolish. I know it's hard to say no to the Mouse, but this is not the time to be spending.

Kickapoo Joie Juice
01-27-2008, 09:28 AM
"but this is not the time to be spending"

If everyone who was worried about their job did this, the economy would crash.

Are we concerned about our jobs? There's no such thing as an iron clad lead pipe lock on your job unless you're employed by the government. So the answer for everyone should be yes.

If everyone who could lose their job tomorrow didn't go to Disney unless they had 6-12 month cash emergency fund, then Disney would be darn near close to empty.

You need to feel secure, but you also need to do your part to keep the economy going. Panicking and not spending any money is not good for the big picture, because then y'all WILL lose your jobs as the economy makes the big flushing noise....

dvcgirl
01-27-2008, 09:43 AM
"but this is not the time to be spending"

If everyone who was worried about their job did this, the economy would crash.

Are we concerned about our jobs? There's no such thing as an iron clad lead pipe lock on your job unless you're employed by the government. So the answer for everyone should be yes.

If everyone who could lose their job tomorrow didn't go to Disney unless they had 6-12 month cash emergency fund, then Disney would be darn near close to empty.

You need to feel secure, but you also need to do your part to keep the economy going. Panicking and not spending any money is not good for the big picture, because then y'all WILL lose your jobs as the economy makes the big flushing noise....


No, we don't need to "do our part to keep the economy going". We need to make sure we can feed our families and meet our personal financial obligations in the event that we run into trouble. I'm not saying that the OP can't do that, but I'm tired of reading that the only way to "do our part" is to continue on as mindless consumers with no thought for the future.

This implication that we need to "do our part" for this nation, and its economy by *spending* money is simply ludicrous. I just posted an article in another thread about the "stimulus plan" and this ridiculous advice that comes with it....to spend that money as fast as you can. "Do your part for the economy!!" It's the biggest does of patriotic brainwashing I've seen in some time.

We've gone from the being the biggest creditor to the world to its biggest debtor in just twenty years. We've spent our way into a mountain of personal debt as well. Bankruptcies, foreclosures, defaults are at all time highs.....personal savings at an all-time low (actually negative at this point).....retirement savings are just pitiful.

If we all continue "doing our part" for this economy as our leaders ask us to do....our nation will end up in the same shape as a growing number of its citizens.....bankrupt.

roadtripper
01-27-2008, 10:37 AM
So, I *might* change my mind if that 23K really would pay for 10 months of expenses. If I was in your shoes, able to pay off the 5K in CC debt, and the trip *and* keep that 23K emergency fund in place...I'd *think* about going. And that's as crazy as I'll get tonight ;).


Wow, dvcgirl--what is up with you? Next you'll be telling us to buy plasma TVs with our stimulus checks!:lmao:

Just joshing-- I dream of an emergency fun of 23K. If you can go w/o adding to your debt, I say yes. Keep in mind, though, that I was recently one of those posters who wanted the Budget Board to make me feel good about the ridiculous airfare I am paying President's Week;) .

mickey'sbud
01-27-2008, 10:41 AM
Wow alot of valid opinions here...pretty good points....Here's my 2 cents.

I keep ALL my options open as long as possible, so that being said...40% room discounts came out about this time of year last year-I didn't see it again. If you have the opportunity to get it, I would make a room only ressie, so you don't have a penality for canceling. I would not tell the children so that if and when the time comes you are not in a position to go, only you and DH will be disappointed.

You can worry about the sky falling your entire life. At some point in your life the sky will seem to actually fall. It will not be impossible to pick up the pieces and start again. I'm sure many people's perspective on here is from those difficult days and that is why they are so causious. It sounds like you are looking at this from a wise perspective and it is always wise to ask for advice. But you can't live thinking about only what bad thing "might" happen. Yes plan for the rainy day, but enjoy the sunshine in the meantime while preparing for the other.

1. I say make a ressie you have the option to cancel w/ no penality (add ticket etc later).
2. Make a separate vacation budget and cut back on day to day expenses (morning cup of coffee kind of thing) and put the savings in special account.
3. As the trip approaches you'll know whether it is a go or not. If NOT, (maybe you were layed off) you'll have your extra savings to help out on the finances. If you can go then you'll have the extra money you worked to save to go towards your trip.

I see it as a no brainer....make the ressie and save towards it.

dvcgirl
01-27-2008, 10:42 AM
Wow, dvcgirl--what is up with you? Next you'll be telling us to buy plasma TVs with our stimulus checks!:lmao: .

lol! Well, if you have a fully funded emergency fund of at least six months in expenses, no debt (except a 30 year fixed mortgage) and put at least 15% of your income towards retirement each year....then yes, by all means I think you should take that check and go out and get yourself a nice plasma TV ;)

missycj96
01-27-2008, 02:34 PM
How about a mid-way position. For the next few months, instead of saving $1000 per month, how much more can you save? And, how about a less expensive Disney trip? We've stayed at many deluxe hotels but also enjoy the Pop Century and POFQ. If you stay at a hotel with a great food court, I find that it is easy to have good meals at the food court and not go to the expensive restaurants. So I am suggesting that if it would bring you so much happiness to go, that you plan a cheaper trip and save more money before you go. You can certainly do Disney for less than $4400 without air.

kimberlyWDW
01-27-2008, 02:57 PM
Wow alot of valid opinions here...pretty good points....Here's my 2 cents.

I keep ALL my options open as long as possible, so that being said...40% room discounts came out about this time of year last year-I didn't see it again. If you have the opportunity to get it, I would make a room only ressie, so you don't have a penality for canceling. I would not tell the children so that if and when the time comes you are not in a position to go, only you and DH will be disappointed.

You can worry about the sky falling your entire life. At some point in your life the sky will seem to actually fall. It will not be impossible to pick up the pieces and start again. I'm sure many people's perspective on here is from those difficult days and that is why they are so causious. It sounds like you are looking at this from a wise perspective and it is always wise to ask for advice. But you can't live thinking about only what bad thing "might" happen. Yes plan for the rainy day, but enjoy the sunshine in the meantime while preparing for the other.

1. I say make a ressie you have the option to cancel w/ no penality (add ticket etc later).
2. Make a separate vacation budget and cut back on day to day expenses (morning cup of coffee kind of thing) and put the savings in special account.
3. As the trip approaches you'll know whether it is a go or not. If NOT, (maybe you were layed off) you'll have your extra savings to help out on the finances. If you can go then you'll have the extra money you worked to save to go towards your trip.

I see it as a no brainer....make the ressie and save towards it.

This sounds like a great compromise.

SleepyatDVC
01-27-2008, 07:59 PM
Wow! Something must be in the air! Dvcgirl said she would*think* about going! :goodvibes

WARNING! Long rambling ahead! ;)

I just wanted to make a comment to those (conservative) posters who just can't understand why MinnieMom would have a CC bill for $5000 at 0% when she could pay off the entire balance from savings and not be in DEBT anymore.

I don't think it has to be one or the other. Neither way is bad - only which way makes the individual FEEL more financially secure. The only way a 0% CC balance would be a negative would be if a person did not have the funds to immediately pay the balance off or if they are the type of person who might occasionally pay CC bill late maybe because of a busy lifestyle or disorganization.

Some people feel very insecure when they owe ANYONE money. They can't stand being in any kind of debt even if being in "debt" is to their advantage. Then by all means, to feel more financially secure, pay off any and all debt possible, and never have any debt if possible to be concerned over.

THEN there may be people like MinnieMom who, if she is like me, feel more financially secure with a sizable amount of money IN the bank! :thumbsup2 I HATE seeing my savings account balance go DOWN. It should ONLY go UP every month!! :laughing:

Personally, I have a psychological amount under which my saving amount should never go under for my peace of mind. This amount is approximately $13,000-$15,000. When the balance gets closer to $20k, I transfer money out to a CD, higher interest bearing account, mutual fund or brokerage account, etc. I guess some people would call this savings my emergency fund.

When I have a LARGE expense or purchase which causes the savings balance to fall substantially, it makes me feel uncomfortable to see it happen. When the balance is closer to $13k, then I cut WAY back on any spending until the savings is higher by a few thousand. Since, we spend less then our income, it is not a problem to do so quickly.

If I have to make a large purchase that I could totally afford and I could charge it to a CC for 0%, I would ABSOLUTELY do it. I would pay that amount off as quickly as possible from our monthly income (cash flow) and never have to see my savings *shrink.* My savings just wouldn't grow as quickly every month.

For example only: I have $10k in savings. Every month, my savings grows by $1500 after paying off all expenses. I have to make a major purchase for $5000. Rather than having my savings decrease by $3500 that month, I would "feel" more financially secure by charging it to a 0% CC for 5-6 months. So, I would pay at least $1000 towards the CC every month until it is paid off. Meanwhile, my savings would have only grown by $500 each month. At the end of 5 months, the CC would have been paid off, and I would have $12,500 [$10k+($500*5)] in savings. Now, if I had paid the entire $5000 off at once from savings, at the end of 5 months, I would still have $12,500 in savings. [$10k-$5k+(1500*5)] The end result is exactly the same (except of the minimal interest I earn on the $5k). To me, it's a matter of cash flow. I don't like the 3-4 months I have to wait to see my savings grow back to the amount I like to see it at.

Now I would NEVER charge it to a CC that charges interest. I would pay it off all at once in that case. Why pay interest to someone else if you could pay it to yourself? Also, if the CC says I have 6 months of 0% interest, I pay off the entire balance in 5 months instead. The CC always seems to play tricks with their interest cut off dates that last month and I'd rather not get caught up in that.

I might not have convinced any die-hard non-debt people why 0% debt is not evil but I hope I helped some people understand why I and maybe MinneMom like to occasionally take advantage of 0% interest offers to smooth out our cash flow at someone else's expense. It makes me FEEL better. Lol.

Aliceacc
01-28-2008, 04:18 AM
Keep in mind, folks: The OP did NOT ask "should I go??" She asked "Would YOU go??"

People are expressing their own comfort level, not censuring her for hers.

kimberlyWDW
01-28-2008, 05:53 AM
"but this is not the time to be spending"

If everyone who was worried about their job did this, the economy would crash.

Are we concerned about our jobs? There's no such thing as an iron clad lead pipe lock on your job unless you're employed by the government. So the answer for everyone should be yes.

If everyone who could lose their job tomorrow didn't go to Disney unless they had 6-12 month cash emergency fund, then Disney would be darn near close to empty.

You need to feel secure, but you also need to do your part to keep the economy going. Panicking and not spending any money is not good for the big picture, because then y'all WILL lose your jobs as the economy makes the big flushing noise....

I only stated this (the this is not the time to be spending) because she stated that they BOTH work in the building industry, which she stated was not doing so well. She stated that she felt her husbands company was planning layoffs. I happen to think that returning from Disney to discover that one or both of you were laid off while gone would be a lousy way to end a vacation. If her family was employed in another sector of employment, I wouldn't have given the economy a second thought. My hubby is a merchant marine - his job sector has worker shortages right now. We're going in April, so I am not all gloom and doom about the recession. This downturn in the economy is very sector specific. Unfortunately that sector is housing. Her sector. I simply stated that there are a lot of contingencies to think about before making her decision, given her specific volatile position. I definitely wasn't trying to generalize my advice to the whole US population...although an empty park in April would be awfully nice:rolleyes1

Kickapoo Joie Juice
01-29-2008, 11:45 AM
No, we don't need to "do our part to keep the economy going". We need to make sure we can feed our families and meet our personal financial obligations in the event that we run into trouble. I'm not saying that the OP can't do that, but I'm tired of reading that the only way to "do our part" is to continue on as mindless consumers with no thought for the future.

This implication that we need to "do our part" for this nation, and its economy by *spending* money is simply ludicrous. I just posted an article in another thread about the "stimulus plan" and this ridiculous advice that comes with it....to spend that money as fast as you can. "Do your part for the economy!!" It's the biggest does of patriotic brainwashing I've seen in some time.

We've gone from the being the biggest creditor to the world to its biggest debtor in just twenty years. We've spent our way into a mountain of personal debt as well. Bankruptcies, foreclosures, defaults are at all time highs.....personal savings at an all-time low (actually negative at this point).....retirement savings are just pitiful.

If we all continue "doing our part" for this economy as our leaders ask us to do....our nation will end up in the same shape as a growing number of its citizens.....bankrupt.

Honey, is it that time of the month?

My dad owns a small fabricating business. When people stop remodeling, he doesn't get paid. When he doesn't get paid, he doesn't buy raw materials. When he doesn't buy raw materials, those fabricators lay off people. It's a fairly simple, obvious domino effect.

In no way did I advocate spending onself into oblivion. However, if you take all that money that you would have used to remodel with my dad and instead stick it in the stock market, then you're hurting him, and possibly yourself if you pick your stocks/mutual funds poorly.

I think this whole thread is all nutty overblown, fwiw...

Kickapoo Joie Juice
01-29-2008, 11:48 AM
plan a cheaper trip and save more money before you go. You can certainly do Disney for less than $4400 without air.

We can do disney for 6 days for about 1500 for a family of four driving down. You just have to be WICKED cheap about everything. For some people, this isn't fun. For us it's a challenge to see how lean we can "run" at wdw.

Minnesota!
01-29-2008, 11:53 AM
Life is too short.

I would go.

Most people on the BB are super duper anti- credit card debt, so I have no doubt that most of your answers will be "no."

I, personally, don't find a small amount of debt to be a tragic, horrible thing that you should feel ashamed of.

We all have different philosophies, though!

I agree.....life is way too short. Go, have fun, create memories.

Money is just money. Don't let it rule your life!

punkin
01-29-2008, 11:59 AM
Honey, is it that time of the month?


Patronizing and quite uncalled for, particularly since her point was every bit as valid as yours.

Kickapoo Joie Juice
01-29-2008, 12:05 PM
Patronizing and quite uncalled for, particularly since her point was every bit as valid as yours.

And every bit as annoyingly put as my point, as well.

dvcgirl
01-29-2008, 12:09 PM
Honey, is it that time of the month?

My dad owns a small fabricating business. When people stop remodeling, he doesn't get paid. When he doesn't get paid, he doesn't buy raw materials. When he doesn't buy raw materials, those fabricators lay off people. It's a fairly simple, obvious domino effect.

In no way did I advocate spending onself into oblivion. However, if you take all that money that you would have used to remodel with my dad and instead stick it in the stock market, then you're hurting him, and possibly yourself if you pick your stocks/mutual funds poorly.

I think this whole thread is all nutty overblown, fwiw...

The first line of your post is over the line. You may want to edit that....

dvcgirl
01-29-2008, 12:10 PM
Patronizing and quite uncalled for, particularly since her point was every bit as valid as yours.

Thanks punkin....I appreciate you calling her on that.

dvcgirl
01-29-2008, 12:14 PM
And every bit as annoyingly put as my point, as well.

I stayed on topic and replied to your post. You are entitled to your opinion as I am to mine. However, you may not personally attack posters on this board. There's a big difference between your post and mine.

dvcgirl
01-29-2008, 12:19 PM
My dad owns a small fabricating business. When people stop remodeling, he doesn't get paid. When he doesn't get paid, he doesn't buy raw materials. When he doesn't buy raw materials, those fabricators lay off people. It's a fairly simple, obvious domino effect.

In no way did I advocate spending onself into oblivion. However, if you take all that money that you would have used to remodel with my dad and instead stick it in the stock market, then you're hurting him, and possibly yourself if you pick your stocks/mutual funds poorly.

I think this whole thread is all nutty overblown, fwiw...

Now, aside from the nasty comment that you made, in response to your post...

I understand your point. Small business people like you Dad are certainly going to be more successful when people are feeling good about the economy and spending money.

However, I would argue that a lot of that "feel good" economy that we have been experiencing was predicated on the idea that people felt wealthier than they actually were. 5 Trillion dollars were pulled out of homes in the form of home equity lines of credit and home equity loans in the last 5 years.

That five trillion is responsible for 50% of the increase in consumer spending during that time. Unfortunately, that national "line of credit" has dried up for the most part. And not likely to return for a good number of years.

Kickapoo Joie Juice
01-29-2008, 12:21 PM
Double post!

Kickapoo Joie Juice
01-29-2008, 12:22 PM
No, we don't need to "do our part to keep the economy going". We need to make sure we can feed our families and meet our personal financial obligations in the event that we run into trouble. I'm not saying that the OP can't do that, but I'm tired of reading that the only way to "do our part" is to continue on as mindless consumers with no thought for the future.

This implication that we need to "do our part" for this nation, and its economy by *spending* money is simply ludicrous. I just posted an article in another thread about the "stimulus plan" and this ridiculous advice that comes with it....to spend that money as fast as you can. "Do your part for the economy!!" It's the biggest does of patriotic brainwashing I've seen in some time.

We've gone from the being the biggest creditor to the world to its biggest debtor in just twenty years. We've spent our way into a mountain of personal debt as well. Bankruptcies, foreclosures, defaults are at all time highs.....personal savings at an all-time low (actually negative at this point).....retirement savings are just pitiful.

If we all continue "doing our part" for this economy as our leaders ask us to do....our nation will end up in the same shape as a growing number of its citizens.....bankrupt.

Just re-read your post. Nope, I'm sticking with my "unusually grumpy" assessment. :cool2:

You basically said that my belief that spending will "bankrupt" our nation. I find that MUCH more offensive than being told I'm cranky.

And the fact that you got so mad about it pretty much proves my original hypothesis....:rolleyes1

dvcgirl
01-29-2008, 12:35 PM
Just re-read your post. Nope, I'm sticking with my "unusually grumpy" assessment. :cool2:

You basically said that my belief that spending will "bankrupt" our nation. I find that MUCH more offensive than being told I'm cranky.

I disagreed with your ideas within your post, and I stayed on-topic. I didn't personally attack *you*. I passionately disagreed with your post. There's a big difference. You're allowed to disagree with someone's ideas but you may not attack them.

StitchandPooh'sMom
01-29-2008, 01:02 PM
Well, I'm not as conservative as dvcgirl is, but DH is :thumbsup2 and I lean right as well. That being said, I would still plan the trip if you could bring yourself to cancel if you need to. I would have a terrible time canceling a Disney trip once I had planned for it.

I wouldn't go for 10 days, even if it is better/easier/more kid friendly to do a day at the parks and take a day off in between. It's cheaper to buy a ticket with more days on it and do all half days - fewer days of food, fewer nights in a hotel. I'd find cheap airfare (even though yours is free, your family's is not) and plan dates around that and value season.

We are going for a week this year - it is one of our longer trips. We have been taking kids since DD8 was 2, and they roll just fine with one or two days off or the occasional afternoon at the pool. We are staying at CSR instead of deluxe - we didn't get the 40% off code, and I can't see paying Deluxe regular season rates. We are doing some TS meals, but not enough to warrant the dining plan. We will do breakfast in our room and share CS meals. We have tickets from a previous trip, points from Disney Visa, and gift cards from Sunshine Rewards.

I throw all this out because although we don't expect 2008 to be a particularly rough year for us, we are still planning for a slowdown in the economy. DH's job is pretty secure and he is actually in a growing industry, but he is subject to the whims of his employer just the same.

The point is, you have a comfort level for your spending, and it is different than anyone else's here. I wouldn't spend $4500 on a Disney vacation, even though I can afford it. I'd rather go for less and have the extra money to do something else. If you can afford it and you are prepared for the possibility of one or two layoffs (and if you can make the call to cancel if you need to instead of thinking that it is money already spent), then plan away and have a great time. There are many ways you can trim those costs if you choose, but if you are happy with your budget and are prepared for what might happen, enjoy yourself knowing that you can still take care of your family in the event of a layoff.

Punkin - thanks for keeping this on track. The previous comment by KJJ was seriously over the line and not helpful to anyone.

hoosiergirl7
01-29-2008, 03:28 PM
I posted twice earlier in this thread and today finally went back and read the posts after mine. I'm just in shock! I commend those who think like me and find that it's important not to throw away your money needlessly. I find it funny for those of you who have said, "Life's too short," and "it's only money". Personally and this is just MHO so no flames, that attitude reminds me of the way children behave, especially in stores. It's the "gimme, gimme, gimme" and the "but I want it!" childish attitude that so many adults are now exhibiting. We're adults, and we need to act like adults not children (except at Disney ;) ).

I used to have the childish reasoning of "but I want it!" and since I've seen my bank account and mutual funds growing because I'm not frivolously spending anymore, my outlook has changed because I know I won't be one of those relying on Social Security for income from a country that's already in trillions of dollars of debt.

Kate and Pete
01-29-2008, 03:32 PM
I would pay off the card with savings (or at least 1/2 of it!) and go. Yes, WDW will always be there (and not to be morbid, but...) but you might not be! We never know what life has in store for us - you have money, you have a good deal, you're both healthy....get going!

Kate and Pete
01-29-2008, 03:40 PM
I posted twice earlier in this thread and today finally went back and read the posts after mine. I'm just in shock! I commend those who think like me and find that it's important not to throw away your money needlessly. I find it funny for those of you who have said, "Life's too short," and "it's only money". Personally and this is just MHO so no flames, that attitude reminds me of the way children behave, especially in stores. It's the "gimme, gimme, gimme" and the "but I want it!" childish attitude that so many adults are now exhibiting. We're adults, and we need to act like adults not children (except at Disney ;) ).

I used to have the childish reasoning of "but I want it!" and since I've seen my bank account and mutual funds growing because I'm not frivolously spending anymore, my outlook has changed because I know I won't be one of those relying on Social Security for income from a country that's already in trillions of dollars of debt.

But this attitude doesn't have to be childish. DH and I are starting to see the joy in living this way (spending our money to have a great time!) while being responsible! We have a hefty savings acct., no CC debt, and live below our means (which is why our savings is good!). Now, $4,000 is more than we'd pay, but the OP thinks it's a good price and, financially, they can handle it (because they have savings). The "bargain" price is relative - a bargain for me is under $2000, but OP has a higher mark, that's all! :goodvibes

I think it's perfectly fine to do something "just because I want to" if it's not hurting anyone else! But, just MHO! :goodvibes

StitchandPooh'sMom
01-29-2008, 03:46 PM
I posted twice earlier in this thread and today finally went back and read the posts after mine. I'm just in shock! I commend those who think like me and find that it's important not to throw away your money needlessly. I find it funny for those of you who have said, "Life's too short," and "it's only money". Personally and this is just MHO so no flames, that attitude reminds me of the way children behave, especially in stores. It's the "gimme, gimme, gimme" and the "but I want it!" childish attitude that so many adults are now exhibiting. We're adults, and we need to act like adults not children (except at Disney ;) ).

I used to have the childish reasoning of "but I want it!" and since I've seen my bank account and mutual funds growing because I'm not frivolously spending anymore, my outlook has changed because I know I won't be one of those relying on Social Security for income from a country that's already in trillions of dollars of debt.

I posted that if the OP is comfortable in her ability to pay for the trip while being prepared for the possibility of one or more layoffs (and that is what it is - a possibility, not a certainty), then she should plan the trip but be prepared to cancel if her financial situation changes. The OP seems to have a pretty good handle on her finances and may just choose to spend her discretionary income in a different way. Just because we all don't think like you does not mean we are irresponsible. It sounds like you are very responsible with your money and that's great, but someone choosing to spend money on something different in different circumstances doesn't mean they are being childish. It's perfectly fine to express your opinion about what you would do in a similar situation, but other alternatives can still be responsible. :thumbsup2