Banking or Borrowing?

[csmommy]

Hi all. Originally we have taken our small contract of 70 points, banked 1 year & then spent 140 every other year to go to WDW. But we changed a bit this year & celebrated DS's 17th so now I am reflecting on how to proceed.

Is it better to bank or borrow?

Should we bank points & then travel like we used to, or should we take the current years points, borrow the next years points & go about it that way? We still want to go back to every other year.

Currently we have spent all 70 2012 points, have 62 left from 2013 & are in the process of purchasing a 25 points contract which will have 25 points from 2013.

I figure someone out there has thought of something I have not!

 

[disneynutz]

Either way you end up with your points for your vacation so I don't see any difference.

Bill

 

[Granny]

Neither banking nor borrowing is inherently better than the other. Each has its time and place depending on your vacation habits. We've done both almost every year since we own two contracts with separate UY's.

I will say that some people feel that borrowing regularly is a good thing because you can never miss a banking deadline that way. I guess that's a point in favor of borrowing regularly.

But really, one is not better than the other.

 

[csmommy]

I am glad they are both basically the same. I had thought that to be the case, but figured there was an angle I was not looking at.

Thanks!

 

[tedhowe]

Unless we really need 3 years points for a single trip, we always try to borrow rather than bank because you never miss banking deadlines and never have banked points that will expire if not used.

Otherwise, there really is effectively no difference.

Ted