Originally Posted by MinniesYooHoo
WOW! What a debate I have started over a little dreaming.
I was beginning to think I was the scum of the earth just for having a car payment. I will reiterate: I don't have ANY credit card debt, or student loans. (My and my husbands student loans have been paid off for years.) We deposit into our savings accounts substantially every month so that we do have that "cushion" that we all should have. We invest in our retirement funds, and our daughters college fund soundly. I do have an investment portfolio. In all of the years I've been traveling to Disney (As a child since 1974, as an adult paying my own way since 1990. The year I graduated high school.), I've not ever once used a credit card to pay for my trips or used one while on vacation. I just figured that maybe DVC would be a smart decision for us as I will continue to go every year and sometimes multiple times in the same year. We usually stay Deluxe for an average trip length of 10 days. I thought DVC will save me money in the long run as once again I already have the financial means to take multiple trips a year without going into debt or stressing my finances in any way. I simply was wondering what kind of DVC advice the DVC experts would share with me. Sorry if this comes across as argumentative, I just never thought I'd feel the need to defend my financial security.
Still love the DIS though!
Thanks so much to those who did offer their suggestions on what has worked for their families. It has helped me in my decision. I think I will take your advice and buy a small resale contract and add onto it every so often until I have the number of points our family will be comfortable with. Now the fun starts!
I think a lot of the points made in this thread were more general and not necessarily aimed directly to you. Sorry if you felt offended, and please don't feel that you have to justify yourself to anyone. I will say, though, that I didn't take your post as argumentative at all, so you clearly have a very nice way about you.
The discussions on here are almost always theoretical because in actuality we never know the important details necessary in order to give specific advice. In order to give personalized advice, we would need three key pieces of information: What is your household income, what are your assets, and what are your household expenses? Since nobody is going to be so brash as to ask a poster "What do you earn?" and I doubt anybody is going to post that information on a public forum, we are at a loss for key information needed to accurately answer a poster's questions. So instead, we talk in theory that varies in the degree of applicability from one person to the next.
Based on the experiences of the people in this forum, I think the default is to caution people away from taking on too much risk with regards to DVC. The reason for this is because the longer you are on here, the more horror stories you will hear about people not being able to afford the maintenance fees, or having to give their contracts back to Disney after putting thousands of dollars into them because they can't afford the monthly payments, or being forced to sell and only getting back half of their purchase price. So in general the advice you are going to get is along the lines of "spend half as much as you were planning and save the other half in case of emergencies". Obviously if you already have that taken care of, this might not apply directly to you. Hope this helps clear some things up. Sorry that your thread took the (inevitable) turn that it did.