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Old 08-01-2013, 08:11 PM   #46
MND
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Originally Posted by Mystery Fan View Post
I know this may sound harsh but since you asked....cancel the cruise and pay the card off. The crow you eat when you tell the two other families isn't going to taste very good but YOU CAN'T AFFORD TO GO, period.

On the other hand, pull from your retirement accounts and see what the IRS does to you next year. Maybe you can send the IRS a note and explain that your peers pressured you into going and see how that flies.

Personally, a few years back our family left for a Disney cruise at Thanksgiving and we didn't have the money, so we stayed home. Once had to cancel a booked cruise because of work related issue too.

It happens.
I like the note to the IRS, that could work. Wait a minute, many retirement plans allow for a loan. I'm not a tax adviser, but you may not run afoul of the Man if you go that route.
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Old 08-01-2013, 08:44 PM   #47
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This thread reminds me of when I used to watch Suzy Orman "Can I afford it?" I think what bothers me the most about this is that (I assume) there is not any kind of emergency savings fund anywhere to be found? I figure if there was, OP would dip into that until they could pay it back from the commission. Granted, I don't feel a vacation is a valid reason to dip into an emergency fund, but if it's true that there isn't 2-3K in an emergency fund, I don't think the cruise is even something that should be being considered (IMHO). I don't believe anyone can afford any item / trip they want to purchase if they don't have MORE than that amount already in an emergency fund set aside. Having at least 6 months of living expenses saved up before buying ANYthing that wasn't a true necessity is the advice I would give. We live on one modest income in an expensive-to-live state so I know how hard it is but as harsh as it sounds, it all comes down to self-control. Spend below the check you bring home and be patient to save for the fun stuff! I know from experience it can be done and it's so much more rewarding.
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Old 08-01-2013, 09:23 PM   #48
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I'm sorry you are in this situation. It's certainly a tough one. You have to do what's best for you. As many have said, I would have a brad time enjoying myself knowing we went into debt for it. It sounds as though things may pick up for you shortly. With that in mind, I would cancel and rebook when it was easier to do so financially.
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Old 08-01-2013, 11:34 PM   #49
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disappointing the kids

I'm not sure how old your kids are but if they're old enough to understand (and if you decide to cancel), I would explain the financial situation and tell them that it breaks your heart too but you don't believe in spending money you don't have on an luxury like a vacation. It's awful to have to cancel and disappoint everyone but I think it's an honorable decision and a really good money management lesson to model for your kids.
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Old 08-02-2013, 05:50 AM   #50
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OK Dissers, I need you advice on the best way to go about this.

My PIF date is Aug 13 for Oct 27th cruise. I was supposed to get a commission on the 9th that would have covered it but the deal just fell through which is rare. We owe about $2,500 still.

We are traveling with 2 other families so we want to make things work. Commissions will (most likely) be coming in at the end of the month and in September.

Option 1: downgrade to a Cat 11B to lower the balance to $1,900. This will make things tight, but barely manageable. We can then hope to upgrade later based on availability. It might end up costing more for the veranda...or less...or the same.

Option 2: cancel all together, sit on the money and re-book when we can. Running the risk of the ship selling out, prices going up. Also having a chance of special rates being offered.

Option 3: Any other ideas?

Thanks for your input.
To me, this is the key words. I've never worked on commission but the idea of "hoping" money will be coming in would make me uneasy. Like the saying goes, don't count your eggs before they hatched.
That said, I do love the 0% that the Disney visa offers but if you can't pay it off in 6 mos you'll still be stuck with interest. For $2500, that would be over $400/month. In the end, it's your choice.

FWIW, the prices of all categories are locked in when you first booked. The price you see now online for a lower category may not be the price you'd pay if you changed categories. I would at the very least downgrade to the cheapest category. We've had cruises on a tight budget where we only spent $50 more than gratuities.
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Old 08-02-2013, 06:13 AM   #51
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It is probably not the answer you want, but you cannot afford a vacation. You should cancel.

No one with credit card debt IMHO can afford a vacation. If you do not have a 6-8 month emergency savings account you cannot afford a vacation.

Living within your means is no fun, especially when most of america does not so we all see our neighbors/friends leading these fun lives.

Based on what I read on here and other boards I think my opinion is in the miniority but that is my 2 cents.
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Old 08-02-2013, 06:37 AM   #52
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You can not go. You can not afford it. You are living on the edge of a complete disaster waiting to happen.

Do you know if you borrow from your 401k at your current job the tax implications? Usually your current tax rate plus 25%! (My numbers might be off a bit.) And if you leave that job or get fired you usually have to pay it back in a very short time (30 to 90 days).

Then, there is your piece of mind. What if something really bad happened...loss of job, accident, etc?

You know why I know? Because I have been there. I was robbing Peter to pay Paul for years! I just had to do things and have things because I wanted them. I never saved a dime. Then, we changed our ways. DH & I took a class and changed our ways. Our life changed completely. Not just finances, but our marriage, too. Now, we control our money it does not control us.
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Old 08-02-2013, 07:11 AM   #53
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I never tell anyone what they can or can't do. Going on my parent's anniversary trip wasn't in the budget but it's the one thing they have talked about all yr because they thought they would have to go by themselves and we surprised them. sometimes timing stinks. Sometimes family is more important and sometimes taking trips isn't reasonable. The only person that can decide what to do in this instance is the family, even if they have asked for suggestions. Its probably a bad idea to splurge on extra luxury and upgrades but in the end, whatever you decide is your choice.
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Old 08-02-2013, 07:58 AM   #54
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I never tell anyone what they can or can't do. Going on my parent's anniversary trip wasn't in the budget but it's the one thing they have talked about all yr because they thought they would have to go by themselves and we surprised them. sometimes timing stinks. Sometimes family is more important and sometimes taking trips isn't reasonable. The only person that can decide what to do in this instance is the family, even if they have asked for suggestions. Its probably a bad idea to splurge on extra luxury and upgrades but in the end, whatever you decide is your choice.
I disagree. Sometimes timing does stink. And sometimes others have a clearer picture. But, having a secure future for your family outweighs a family vacation, which is a luxury. Memories can be made anywhere without spending money you simply do not have. There is a huge difference about going on a vacation and having the money to pay for it and not having the money. Also, if you have children they are watching. Mine did! They know we are debt free except the house. They know we pay cash for things. They know the difference between a need and want. A few years of being tight equal a lifetime of security and I am changing our family tree!
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Old 08-02-2013, 09:57 AM   #55
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We both agree that 'sometimes timing stinks'...(That's why I said it.)

That's a fine decision for you to make for your family. It doesn't necessarily mean its the only decision for the family making the decision to decide.

They are asking for suggestions but ultimately it is their business, and not for us to arbitrarily say they have to this or have to not that.

I wish the OP the best, and I'm glad that you are debt free.

I'm also glad no one ever told me I had to miss my parent's anniversary. Nothing is 100% cut and dry, that's all.
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Old 08-02-2013, 10:05 AM   #56
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I doubt that the October 27 cruise is going to fill up real soon. So, with that, I would cancel and then re-book when you have the cash in hand. I wouldn't tell the kids anything about the situation. If for some reason you positively can't go you let them know. If you want to tell them, the plan is to go on a cruise on October then fine. The don't need to be concerned about your finances. IMHO
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Old 08-02-2013, 10:07 AM   #57
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Cancel and rebook when you can pay it. It seems like you really don't have a choice. Even if you downgrade you still won't have the money. A guaranteed rate may come out anyway saving you money in the long run.
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Old 08-02-2013, 10:11 AM   #58
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Thank you for all the advice everyone. We are still trying to make it work. My wife is picking up extra hours. As a nurse this add up very quickly.

I would like to say that the idea of borrowing from retirement was not mine, and not something I ever even considered. That is just one step above getting a payday advance from a "check into cash" type place. Not gonna do it.

We sat down last night, and we think we will make it. Probably downgrading room type and upgrading later. It will be tight, but bills will be paid and there will be food on the table...one other expense we had slated for this month we were able to push back to a "pay what you can when you can"

I am still thinking of canceling and hopefully re-book at a GTY rate...but that is risky and my wife is not totally on board yet. We are not going to make any final decision until the 10th.

Thanks again.
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Old 08-02-2013, 10:11 AM   #59
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Quote:
Originally Posted by martikus
It is probably not the answer you want, but you cannot afford a vacation. You should cancel.

No one with credit card debt IMHO can afford a vacation. If you do not have a 6-8 month emergency savings account you cannot afford a vacation.

Living within your means is no fun, especially when most of america does not so we all see our neighbors/friends leading these fun lives.

Based on what I read on here and other boards I think my opinion is in the miniority but that is my 2 cents.
I totally agree with you. Coming home from a vacation without a credit card bill is an amazing feeling. Just because someone can afford the payments, doesn't mean they can afford it. Save up and pay for your vacation when you have the cash. Its liberating!
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Old 08-02-2013, 10:13 AM   #60
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Great planning and strategy. You will know the right thing to do by the PIF date.

Also, that hard working nurse wife of yours definitely deserves a vacation.

I hope other commissions come through too. Come on economy!
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