Borrowing points

[melissa70]

Does anyone routinely borrow their next year‘s points? To maximize the amount of points given each year.?

 

[Girlstar30]

Sorry im laughing because I just made a thread about how I have three memberships and no points left

 

[Chili327]

Does anyone routinely borrow their next year‘s points? To maximize the amount of points given each year.?

Definitely!!
I would think almost everyone has banked or borrowed multiple times. Whether you go multiple times each year, or once every other year, I don’t think anyone has the perfect amount of points to match the exact amount for every trip.
A lot of people plan on going every other year, so they can use close to 2 years of points per trip, then you have the next year to bank or borrow from so you don’t waste or come up short ever. This was my plan, but I’m having a hard time not going every year. lol

 

[Wedgeout]

Did a lot of it this year but you can only ‘routinely’ borrow until you reach..”Oh crap, I’m out”. Then you realize money is about to exit your savings account at your favorite AddOnMorePoints.com

 

[melissa70]

So it’s okay to always be the arrears

 

[toesmom]

Does anyone routinely borrow their next year‘s points? To maximize the amount of points given each year.?

yes we have borrowed to complete reservations, but if plans change you will need to try to reallocate borrowed points into reservations to be able to not lose any points. But yes that is flexibility with DVC program.

 

[melissa70]

Can you borrow up to two years of points or only one year?

 

[AnnaS]

You can only borrow one year - you can bank (if you have any left), use current and borrow and have three years worth of points for one vacation.

I have banked and borrowed. Many times I try to bank a few when I know my adult kids need a few points (two out of my three kids own small contracts).

 

[Girlstar30]

Thank God they dont allow us to borrow two years worth

 

[Tatebeck]

Thank God they dont allow us to borrow two years worth

I'd be okay with 2 years of banking and borrowing! Mostly because I somehow have the self control to be more into banking lol.

But that would increase flexibility quite a bit. Maybe a MMB benefit for future years??

 

[lorimt]

This was my plan, but I’m having a hard time not going every year. lol

Same. We planned every other year in a 2 bedroom but I had 17 points leftover this year and did a weekend trip in a value studio with the extra points for MNSSHP and I think I’m addicted. Already booked for next year. Oops.

 

[Cfabar1]

my concern is if you are unable to go those points will be lost at the end of the UY.

 

[Tatebeck]

my concern is if you are unable to go those points will be lost at the end of the UY.

Yep that is one of the major reasons I like banking better. It's more flexible and A lot fewer points are on expiration notice

 

[RuntheMouse]

Does anyone routinely borrow their next year‘s points? To maximize the amount of points given each year.?

We have 3 UY, 2 of which hold smaller contracts with specific purposes. We always borrow on those just so we don’t strand any points. Those are trips we don’t plan to take every year so I don’t want to be in a banking situation. Our bigger UY holds many contracts and that one I’m usually banking a couple of points from each because I know we’ll use them every year.

 

[melissa70]

So many things I need to learn!

We have 3 UY, 2 of which hold smaller contracts with specific purposes. We always borrow on those just so we don’t strand any points. Those are trips we don’t plan to take every year so I don’t want to be in a banking situation. Our bigger UY holds many contracts and that one I’m usually banking a couple of points from each because I know we’ll use them every year.

I see you own several. Can I ask.. do you live locally?

 

[Chili327]

Yep that is one of the major reasons I like banking better. It's more flexible and A lot fewer points are on expiration notice

Yes banking is the way, borrowing is for luxury not necessity.

 

[melissa70]

I’m jealous of all the portfolios I’m seeing on here!

 

[Girlstar30]

I'd be okay with 2 years of banking and borrowing! Mostly because I somehow have the self control to be more into banking lol.

But that would increase flexibility quite a bit. Maybe a MMB benefit for future years??

No Bueno for those of us that have an (irresponsible) addiction

 

[bakerworld]

Back in the 90's DVC specifically marketed to people going every other year. I know of a family who go every 4 years because they bank, borrow and use the current UY for one vacation. Then they have to wait for two years to go again. Her husband was so frustrated that he just wanted to sell. I told her to just squeeze into a smaller villa and she looked at me like that was an unheard of suggestion/solution. We did have one contract that was specifically based on every other year but I finally just bought another small add-on so we no longer had an issue. Personally, it just would bother me to pay two years of dues and not be able to go to WDW just because I wanted lots of villa space. We're hardly in the villa. In fact the one year we ran out of points we booked the Dolphin. Now I try and stay in the Dolphin every other year. LOL

 

[RuntheMouse]

So many things I need to learn!

I see you own several. Can I ask.. do you live locally?

We do not live locally, a 3 hour flight away.