PDA

View Full Version : what would you do?


eeyoregirl1970
04-14-2010, 08:44 AM
Ok, here is my deal/dilemma... I am really wishing to celebrate my 40th birthday (this Oct) in disney world. My DH has no idea first of all that is my wish, so that is one little prob, then there is the money... always the money right? My situation is this... we are actually getting a tax refund this year, about $2300. My husband MAY get a nice $3500 bonus in June (his boss hinted at it, but didn't confirm). We have about $7000 in credit card debt. So should I pay off some of the higher interest rate cards and plan for the trip and just enjoy? OR do I be the responsible adult and get the cards paid off and go next spring? So hard to decide when you have the DISfever. I know what is right, but I am wondering what other folks might do. Are there others out there willing to stay in debt a little longer just to visit WDW?

okeydokey
04-14-2010, 08:51 AM
I would pay the cards off first and then save for the trip next year. I could never go on vacation with that much credit card debt hanging over my head.

Hannathy
04-14-2010, 08:52 AM
If I had $7,000 in credit card debt there is no way I'd even be thinking about vacation!!! Even an overnight at a local hotel. Heck I probably wouldn't be sleeping well at night.

Pay off the credit card and if there is any left over put it in the bank so you don't get $7,000 on your card again. This shouldn't even be a second thought as to what to do with it.

littlbugmom
04-14-2010, 09:02 AM
You have the chance to clear away debt. I would do that.

Even though a 40th celebration at Disney would be great, you will benefit so much more from paying off that debt.

mickeymaker2003
04-14-2010, 09:10 AM
I would rather pay off the debt. Once you get the debt paid off, save the money you were using to pay the debt for Disney. I think you would enjoy the vacation a lot more if there wasn't debt hanging over your head when you get back. I would still ask for the vacation as my present, but take a raincheck on taking the vacation until you pay off the debt. The prospect of Disney at the end of the tunnel may help motivate you.

ceecee
04-14-2010, 09:11 AM
I agree with the above posters! Pay off the CC bills and start a Disney fund when they are paid.

mrsklamc
04-14-2010, 09:18 AM
Well for one thing, I think you should TELL your DH that's your birthday wish. One of our household rules is 'guys don't get hints.'

Is there any way you can pay off the credit card AND take the trip? Personally I would have a hard time enjoying it with the CC hanging over my head. BUT you might be surprised at the ways you can come up with to cut debt when you get 'gazelle intense' as they say. Can you pick up a part time job? Do some childcare or pet-sitting? Cut the budget elsewhere? Find some 'found money' by selling stuff, medical reimbursements, and your state's unclaimed funds division?

Also, remember if you book a package on a Disney Visa you get 6 months no interest so maybe you could pay off the 7,000 and then pay off the Visa w/in six months of your trip?

Mathfailure
04-14-2010, 09:20 AM
Pay off debt. Disney is not going anywhere.

wdwfan16
04-14-2010, 09:22 AM
Ok, here is my deal/dilemma... I am really wishing to celebrate my 40th birthday (this Oct) in disney world. My DH has no idea first of all that is my wish, so that is one little prob, then there is the money... always the money right? My situation is this... we are actually getting a tax refund this year, about $2300. My husband MAY get a nice $3500 bonus in June (his boss hinted at it, but didn't confirm). We have about $7000 in credit card debt. So should I pay off some of the higher interest rate cards and plan for the trip and just enjoy? OR do I be the responsible adult and get the cards paid off and go next spring? So hard to decide when you have the DISfever. I know what is right, but I am wondering what other folks might do. Are there others out there willing to stay in debt a little longer just to visit WDW?

Pay off the CCs and go when you have saved the money.

tnmt
04-14-2010, 09:23 AM
Pay off the debt and the money that you usually put towards the CC debt then just act like you are still paying it and put in away for Disney next year.

auralia
04-14-2010, 09:32 AM
if you wait until next spring you can tell everyone it is your 40th birthday and note it on your reservation no one will be the wiser and no one will question you you could just celebrate it later when it is more feasable and i bet you would enjoy it more too not fealing guilty and feeling so liberated with all that debt gone! it can be a dual celebration.

michelle06
04-14-2010, 10:06 AM
I would recommend finding a debt calculator and calculating how much you save by paying it off now vs. the predicted schedule. The amount you save in fees and interest might surprise you - it may actually be enough to fund the next trip. Do it, I think it will help you feel better about your decision.

An example- now on your credit card bills, they show you how long it takes to pay off your credit card bill by making the minimum payment. Then it shows you the difference if you increase your payment by a little. I had a $1200 bill which I intended to pay in full. It said if I made a minimum $15 payment, it would take 10 years to pay off. But if I increased it to $40, it would be paid off in 3 yrs and the savings was hundreds!!

Sinderelly
04-14-2010, 10:19 AM
Pay off the debt now. Then you can plan your 40th birthday celebration trip.

You can enjoy all the fun of planning the trip with no credit card debt!

Maybe you could have a small Disney party with a MIckey cake to celebrate your birthday and upcoming trip. Throw some hints to your DH for a Disney gift card.

Enjoy your birthday and your trip!

Grumpy's Gal
04-14-2010, 10:54 AM
OR do I be the responsible adult and get the cards paid off and go next spring? Are there others out there willing to stay in debt a little longer just to visit WDW?

Yes.:thumbsup2
Not in this economy.:scared1:

Plus you can celebrate your credit card being paid off when you go!:cool1:

tjs198
04-14-2010, 11:05 AM
Ok, here is my deal/dilemma... I am really wishing to celebrate my 40th birthday (this Oct) in disney world. My DH has no idea first of all that is my wish, so that is one little prob, then there is the money... always the money right? My situation is this... we are actually getting a tax refund this year, about $2300. My husband MAY get a nice $3500 bonus in June (his boss hinted at it, but didn't confirm). We have about $7000 in credit card debt. So should I pay off some of the higher interest rate cards and plan for the trip and just enjoy? OR do I be the responsible adult and get the cards paid off and go next spring? So hard to decide when you have the DISfever. I know what is right, but I am wondering what other folks might do. Are there others out there willing to stay in debt a little longer just to visit WDW?

I say go on the trip - the days are long, life is short, and all we take with us is our memories. You could be dead by next spring. Good luck.

eeyoregirl1970
04-14-2010, 11:07 AM
Pay off the debt now. Then you can plan your 40th birthday celebration trip.

You can enjoy all the fun of planning the trip with no credit card debt!

Maybe you could have a small Disney party with a MIckey cake to celebrate your birthday and upcoming trip. Throw some hints to your DH for a Disney gift card.

Enjoy your birthday and your trip!

What a great incentive LOL... Disney Cake! :wizard: Everyone just confirmed what I was thinking and what I know... I guess I was hoping that crazy had company out there hahaha... :laughing:

thanks everyone for reminding me to be sensible and THEN have fun.

eeyoregirl1970
04-14-2010, 11:11 AM
I say go on the trip - the days are long, life is short, and all we take with us is our memories. You could be dead by next spring. Good luck.


:rotfl: :rotfl: :rotfl: :rotfl:

"dead by next spring" hilarious!!! Totally how I think, but as others have reminded me, I don't want to be penny pinching and worrying about debt while I'm on vacation.

I guess I can start planning now, even if I don't have a real date to go.

laliwalden
04-14-2010, 11:12 AM
Could you not book a trip and pay for it little by little? Then when you get those big chunks of money you could pay your credit cards off. You still pay off the CCs and get your Disney trip!!

All American
04-14-2010, 11:17 AM
First, tell your husband what you want to do for your birthday. Don't hint and don't expect him to read your mind. Just tell him. It's not hard, and he'll probably appreciate the fact you said, "Honey, for my birthday I really want to go to DisneyWorld; however, the money...blah, blah, blah." Let that springboard into a discussion of what to do about the money and debt. Make the decision together.

With that being said, I would hold off on the trip and pay off the debt. Mickey doesn't get grey hair, as my dad would say, and think how much more fun it will be knowing you are going and celebrating without owing anyone else any money.

Shreggor
04-14-2010, 01:06 PM
Pay off debt. Disney is not going anywhere.

Just go in the spring and get the b-day button then. Disney won't mind. Just say you are just getting around to celebrating.

Ericandjenng
04-14-2010, 04:56 PM
As much as it's great to pay off cc(s), why not use half to pay down the debt and try to increase your payment $25 per month so that you get to do both. I am turning 40 this year too and it only happens once--you need to celebrate on your bday and not wait.

Also there are alot of threads on here with suggestions for extra money. Think about selling old jewelry, having a yard sale, some online surveys pay, mystery shopper--there's a thread specifically about this!...is there one thing you & your dh can forgo for 6 months like eating out, brown-bagging lunch,etc and put that money aside?

There are also ways to do Disney cheaper--rent DVC points, pin codes, taking breakfast foods to eat in the room...they ought to be coming out with the fall special offers soon (if they haven't already--I don't pay alot of attention to the offers anymore)

Good Luck & Happy Upcoming 40th!!!

JamesMom
04-14-2010, 05:40 PM
I would take a more moderate approach.

You have $7000 in debt.
You have $6000 in extra income (bonus & tax return)

How long would it take you to save up $4,000? ($1,000 for debt & $3,000 for the trip). If the answer is nine months or so - Go live it up.

You can put the $200 down payment down now when you book
Pay off as much as you can in debt saving out the amount needed for the trip.
And pay the balance in September at 45 days out. Thats 5 months of savings right there.
Keep hacking away at the debt for the next four months or so until paid.
There, don't you feel better.


The cost in interest is minimal and you only celebrate your 40th once a lifetime.

And for the "debt police" - she only moving up the timeline by six months. She's not selling her soul. Relax a bit.

disykat
04-14-2010, 05:44 PM
And for the "debt police" - she only moving up the timeline by six months. She's not selling her soul. Relax a bit.

If you get offended because others answer a question that was asked, THAT is definitely a time to relax!;)

I also would postpone the trip a bit. A little bit of waiting and WDW will still be there and the debt won't!

mrsklamc
04-14-2010, 05:52 PM
:rotfl: :rotfl: :rotfl: :rotfl:

"dead by next spring" hilarious!!!

It's really not that hilarious. I totally used to be one of the 'debt police.' Within the last 6 months I was diagnosed with cancer and my stepfather was killed in a murder-suicide.

Now, thanks to God, health insurance, and Dave Ramsey, we are debt free....but even if we weren't I think we'd be a little more likely to live for today.

Although I still don't think paying off the debt and putting off the trip have to be mutually exclusive- there's time between now and then.

Pastamom
04-14-2010, 07:14 PM
I believe on all credit card statements they now state how much you would pay in total on your bill if you pay the minimum or more. You will be amazed at how much you save if you pay off the CC bill early. Think of all that money you'll have to enjoy WDW.

Good Luck

mommy2allyandaveri
04-14-2010, 07:16 PM
I think the majority of the opinions on here will be to pay off your debt then start saving for your trip. But, you probably knew that when you posted. Maybe you just needed someone else to tell you to do the responsible thing :confused3 I know I do that sometimes.

Just think how much more you will enjoy that trip for your 41st b-day knowing you have no debt:thumbsup2

mumom95
04-14-2010, 09:02 PM
I am not a debt person. I pay my credit cards off every month and only carry a balance when I have 0% interest.

But, I'm going against the majority here and say you should go on your trip. Yeah, Disney will be there for a long time, but you only turn 40 once. And it sounds like going on your 40th has been something you've always wanted to do. I think waiting until your 41 will knock a little of the excitement out of it. I will be 40 in 3 years and I want my husband to throw me a big party. Frankly, if he waits till I'm 41 it just won't be the same.

I don't know how long you have had the current $7000 in debt. But you should have an indication of how you deal with having that kind of debt. If it is something that doesn't bother you and you know you'll have a great time on your trip, then I say go. If having the debt will bother you and make you feel like you have to penny pinch on the trip, then don't go.

There's no doubt what the responsible thing to do in this situation is. But you know what I've learned, you can't always be responsible. I'm not even sure if I would say you should always be responsible. Sometimes, you just have to do something you really want to do. You just have to be prepared to live with the consequences of your actions.

Good luck with your decision.

Pumbaa_
04-14-2010, 09:24 PM
I would pay off half the debt and take a budget trip to Disney.

Life is short, this is a milestone and every so often need to indulge. :thumbsup2

Mom2Ben02
04-14-2010, 09:32 PM
I agree with Pumbaa...

Aristomommy
04-14-2010, 09:37 PM
Pay off the debt. Your APR could be raised sky high and your payments could go up at any moment. Also the accounts could be closed and your credit score will tank as a result. Make plans to save up for a trip and you will have plenty of time to plan and enjoy the trip.

marlynnp
04-14-2010, 09:46 PM
First of all, it may take one person a few months to pay off $7,000 and another a few years. So it's hard to judge.

I would take the $2,300 tax refund and put the entire amount on the highest card(s). Then I'd continue making payments at the same total as I have been - so if I was paying a $1,000 on one or more in total per month I'd continure rather than lowering the amount just because I paid off a large chunk of the principal.

If your husband gets the bonus in June take the birthday trip!

And talk to him now and come to an agreement about what you'd like to do.

eeyoregirl1970
04-15-2010, 09:51 AM
so many wonderful responses! I definately have a lot to think about. I think once the refund sets in and the numbers go down, i'll get a better feel. We haven't been in debt like this for that long. only a few years. We were shocked a few years back with over $6000 in OWED taxes, can't even remember what happened, but we never recovered. We had expected a refund like the year before, booked a trip to WDW and whammo... owed taxes... long story short it makes me skiddish, but I've been dreaming of going back on my b-day so I'm keeping everyone's advice in mind before I make that decision. I haven't mentioned it to DH because he is such a sweetheart he would stress himself out trying to figure out how to make it happen, so before I do that i want to be sure myself if that is what I want to do.

thanks again everyone!!! DisBoards are the BESTEST!!!!! :love: :love:

disykat
04-15-2010, 03:31 PM
I think waiting until your 41 will knock a little of the excitement out of it. I will be 40 in 3 years and I want my husband to throw me a big party. Frankly, if he waits till I'm 41 it just won't be the same.



In the OP's scenario, paying off the debt would not mean waiting until 41. She would simply go on a date that is 6 months or so after her birthday - still in her 40'th year.

DVCBELLE
04-15-2010, 04:05 PM
Pay off your debt - apply for a Disney Credit card and take advantage of the 6 month 0% financing that you can then pay off next spring!!! There are $100 rewards right now - so that would be an added bonus!

Best of Both Worlds!!!

mumom95
04-15-2010, 05:37 PM
In the OP's scenario, paying off the debt would not mean waiting until 41. She would simply go on a date that is 6 months or so after her birthday - still in her 40'th year.

Yeah, but that's kind of like saying it would be the same to wait until June to celebrate Christmas. I personally would just have a hard time getting into the holiday spirit when I know it isn't actually the holiday.

But everyone is different, so people should do what is best for them.

EllenFrasier
04-15-2010, 05:43 PM
If I had $7,000 in credit card debt there is no way I'd even be thinking about vacation!!! Even an overnight at a local hotel. Heck I probably wouldn't be sleeping well at night.

Pay off the credit card and if there is any left over put it in the bank so you don't get $7,000 on your card again. This shouldn't even be a second thought as to what to do with it.


Seriously? So you'd stop living until you paid off the debt? Life is short.

OP - If you think you can wait, and you will have the resources to pay off the debt and not let it pile up again, then pay it off first. Oh, and Happy Birthday!:cheer2:

CrzyforPiglet
04-15-2010, 05:47 PM
Hi there OP! It definitely sounds like you have a good head on your shoulders and I so wish I could say yes go for it but I'm with I think the majority and say pay of the debt first. Especially since your DHs bonus isn't guaranteed plus don't forget that Uncle Sam will take a chunk of that first before it hits your hands so $3,500 may really be $2,500. Even if it was the full $3,500 I'd still say pay off your debt, start saving for a trip, and really live it up on your 40th b-day trip. Just think of how great it would feel to take the trip and not be afraid of opening the CC statement afterwards. Good luck - I'm turning 40 this year too so happy early birthday!

gracie1
04-15-2010, 06:20 PM
Take the trip. I did and I have debt and I don't regret it a bit, but that's just my opinion!

disykat
04-15-2010, 07:19 PM
Yeah, but that's kind of like saying it would be the same to wait until June to celebrate Christmas. I personally would just have a hard time getting into the holiday spirit when I know it isn't actually the holiday.
.

Does Disney decorate for her birthday? I don't see that as the same at all! I guess to me a birthday is just another day for most of the world - you are the only person who cares or remembers what day it was.

By my signature you can see I took a 10th anniversary trip in the summer when I was married in the winter. (And that WAS a big difference due to not being decorated for Christmas!) It didn't spoil it at all. I simply did what was best for my family due to scheduling conflicts. I would have made the same choice if financial reasons led me to change the date.

michelle06
04-15-2010, 09:54 PM
What a great incentive LOL... Disney Cake! :wizard: Everyone just confirmed what I was thinking and what I know... I guess I was hoping that crazy had company out there hahaha... :laughing:

thanks everyone for reminding me to be sensible and THEN have fun.

Well, if it's any comfort, I do know one of those crazy people! She does it all the time! Disney is her thing, even when the car could be repossessed!

Happy vacationer
04-16-2010, 09:29 AM
I admit I haven't read every post but I say, pay what you can on credit card and leave yourself enough to go on vacation. Of course, I'm looking at things from a slightly different perspective. Our friend went fishing the other night and hasn't returned home. He has a wife and 2 small children. Make as many family memories as you can, when you can. Life is too short. As long as you have a plan to clear up the rest of the debt in a reasonable amount of time go for the trip!

Bren's Mom
04-16-2010, 09:31 AM
In the OP's scenario, paying off the debt would not mean waiting until 41. She would simply go on a date that is 6 months or so after her birthday - still in her 40'th year.

Yes, this.

I'll be 40 in December right before Christmas. My mom wants to take me to Italy for my 40th. Great! But we can't take off for 10 days at Christmas. So we're going in the spring or fall of next year. Still during my 40th year. :goodvibes

hsmamato2
04-16-2010, 09:39 AM
Also, remember if you book a package on a Disney Visa you get 6 months no interest so maybe you could pay off the 7,000 and then pay off the Visa w/in six months of your trip?

probably not a good suggestion for this OP....... folks who have accumulated cc debt have a difficult time with the control it takes to make a deal like this work- not an insult, but when learning to pay off debt, a person has to re-learn how they think about debt in the first place. I have a friend who is wise enough to know herself,so she NEVER takes advantage of offers like that one. She KNOWS that in the end, she'll take on extra debt that she'll have problems paying. "6 months free' is not a good plan for one who is already wondering whether paying pff large cc debt is a good idea or not.
Op, sounds like you have a good plan,so start planning for your future date when your bills are paid off!

hsmamato2
04-16-2010, 09:45 AM
I say go on the trip - the days are long, life is short, and all we take with us is our memories. You could be dead by next spring. Good luck.

Good luck, you may be dead by spring? WTH?:rotfl2: let's hope your luck holds,OP and you're still alive at 40.5 years old........ yea- things can and do happen, but really?:rotfl:
Odds are you'll be happily enjoying your spring trip......have fun!

mrsklamc
04-16-2010, 09:51 AM
Good luck, you may be dead by spring? WTH?:rotfl2: let's hope your luck holds,OP and you're still alive at 40.5 years old........ yea- things can and do happen, but really?:rotfl:


Um, really. The OP has to make her own decisions but as someone who has both had cancer and lost someone to a murder in the last six months, I find it rather revolting that you think that's so funny.

Odds and unlikelihood aren't really a consolation when it happens to you.

Kelrykengab
04-16-2010, 09:52 AM
I would pay off half the debt and take a budget trip to Disney.

Life is short, this is a milestone and every so often need to indulge. :thumbsup2

this is exactly what i was going to suggest.:thumbsup2

MomtoEmIs&Ow
04-16-2010, 10:21 AM
It's really not that hilarious. I totally used to be one of the 'debt police.' Within the last 6 months I was diagnosed with cancer and my stepfather was killed in a murder-suicide.

Now, thanks to God, health insurance, and Dave Ramsey, we are debt free....but even if we weren't I think we'd be a little more likely to live for today.

Although I still don't think paying off the debt and putting off the trip have to be mutually exclusive- there's time between now and then.

I have the same kind of view. I would put money towards both. My Best friend was murdered in Feb. When something like that happens it totally devastates you, but also makes you see a little differently.

You do have to live while you are here. My husband is set on taking a trip this year because he would rather have vacation & memories than have 'things'. Not that that is for everyone, but thats what we are planning. :thumbsup2