Curious? How many pay there dues right away?

[LocustPoint]

I pay monthly. Easy to budget.

 

[SSR]

Think beyond traditional banks and beyond savings/checking. It's not hard to do.

OK, I'm stumped. Aside from traditional banks (checking, savings, MM, and CDs), where else can someone currently earn "alot" more on cash that remains liquid enough to pay the bill when it becomes due?

I recognize that this is somewhat of an academic exercise because there really isn't that much upside in the float between December 18 (when bills are issued) and Feb 15 (when bills must be paid). That gets back to my original question: where can someone earn "alot" more than 1% on that $1000 or so during that 60 day period? As I said, I'm stumped.

1% of $1,000 is $10 (Discover card, Visa, whatever).

Someone would have to find a liquid place to park that $1,000 for 2 months at a rate of 6% to just break even, never mind earn "alot" more ($1,000 * .06 / 12(months) * 2(months) = $10). I'm just curious where that is...

 

[backyardponder]

I pay the whole thing by the end of December. I prefer not having the monthly money coming out of my checking. If savings interest rates were higher, I might have a different approach.

 

[PoohNFriends]

I hopped onto out account last night to make everything still looked the way it's supposed and saw the dues statement so I just threw it on the Disney card (which is paid off monthly so I won't be paying interest on it). Someday, if we have a large number of points, or couldn't pay the card off for the month then we'll doing the monthly withdrawals.

 

[mch04049]

I always pay mine the very first day... want the points on my visa for annual passes and don't want anything to happen to my existing ressies...

All done. One else thing to have on our plate during the holidays.

 

[pilferk]

Don't know about CT, but for Federal, you can increase your deduction above and beyond the expemptions by fixed amounts on the W-4, it's on line 4. I'd rather owe a little then give the government a free loan. But I understand your point, taxes are not cut and dry which makes planning difficult.

Yup, I do all that.

Again, the issue is trying to predict our mortgage interest, our charitable contributions, and our municipal taxes (and the effect those deductions are going to have when I itemize).

I err on the side of caution because I simply don't want to have to write a check to the IRS (or the state) every year.

I'd rather give them a 12 week (max) interest free loan than write them a check. That's about what it amounts to...if you look at our tax liability, the last 4 paychecks "tax burden" usually amounts to the "extra". We file in late January/VERY early Feb (I file as soon as my W-2 comes in)...so they're not keeping the extra for very long.

Anyway...I think we've kinda got off topic.

In short: Yes, I give the government about 12 weeks, interest free. DVC gives me about 48.

 

[OhioDVC]

I pay the MF monthly, why give DVC money interest free for the year, plus my MF's are $11K a year so it is nice to spread out the payment

 

[jekjones1558]

We used to pay all at once on our credit card to get rewards. But once our dues hit $6000 we switched to monthly. I just didn't want to put out that big chunk all at once.

 

[pilferk]

OK, I'm stumped. Aside from traditional banks (checking, savings, MM, and CDs), where else can someone currently earn "alot" more on cash that remains liquid enough to pay the bill when it becomes due?

I recognize that this is somewhat of an academic exercise because there really isn't that much upside in the float between December 18 (when bills are issued) and Feb 15 (when bills must be paid). That gets back to my original question: where can someone earn "alot" more than 1% on that $1000 or so during that 60 day period? As I said, I'm stumped.

1% of $1,000 is $10 (Discover card, Visa, whatever).

Someone would have to find a liquid place to park that $1,000 for 2 months at a rate of 6% to just break even, never mind earn "alot" more ($1,000 * .06 / 12(months) * 2(months) = $10). I'm just curious where that is...

I've got no good answer for the question (because of the qualifier of being "a lot" more)...but the question confuses me a bit.

I pay my dues over 12 equal monthly payments, and am charged 0 interest or fees to do it. I don't have to pay them by February. That's the beauty of the way DVC does it...and, quite frankly, I'm shocked they do it (and won't be shocked if they stop doing it, or attach a fee to doing it).

I don't think we do "a lot" better than the rewards deal, but it works better for me, given our travel habits, etc:

My savings account, at my local credit union, pays me 0.8% (granted, that's a preferred rate because of our combined balances...their regular rate is at .58, right now) APR. As with all liquid savings rates...that's variable, of course.

I lose a bit over rewards (.2 in interest + the gradual reduction of principal by the transfer from savings to checking to cover the monthly payment), but likewise don't have to front the money all at once and the interest I make continues to make money so long as it stays in the account (and it does), along with the rest of the cash in that account. Rewards don't (and they expire at some point). I can also take the savings account money and, once it reaches a certain threshold, roll it into a less liquid earning mechanism (CD, our Roth IRA, or our stock portfolio). I'd say both scenarios are relatively equal, and which one you choose probably is the one that makes the most sense for you.

 

[PSC]

I pay mine within a few days of the dues showing up on dvcmember.com. I use my Disney Visa card and pay it off immediately.

 

[Nikisha421]

monthly and since it doesn't cost me a thing...I just go for it...

 

[rcchello]

I pay it when I notice on the member site or when I recieve the bill in the mail, whichever comes first. Since people on the Dis have been commenting on it of late, I noticed it earlier this year.

If I had to worry about the amount of annual dues I never would have bought into DVC in the first place, but that is just me. I am one of those debt adverse people.

 

[Disneypubgal]

We used to pay all at once on our credit card to get rewards. But once our dues hit $6000 we switched to monthly. I just didn't want to put out that big chunk all at once.

I pay the MF monthly, why give DVC money interest free for the year, plus my MF's are $11K a year so it is nice to spread out the payment

How many points do you have? I have 520 and my dues were $2700!

 

[jekjones1558]

How many points do you have? I have 520 and my dues were $2700!

We have 1150 and we have used all our current use year points and have borrowed from the next use year. But we are NOT buying more points. I do not want OhioDVC's dues bill!

 

[jlewisinsyr]

OK, I'm stumped. Aside from traditional banks (checking, savings, MM, and CDs), where else can someone currently earn "alot" more on cash that remains liquid enough to pay the bill when it becomes due?

I recognize that this is somewhat of an academic exercise because there really isn't that much upside in the float between December 18 (when bills are issued) and Feb 15 (when bills must be paid). That gets back to my original question: where can someone earn "alot" more than 1% on that $1000 or so during that 60 day period? As I said, I'm stumped.

1% of $1,000 is $10 (Discover card, Visa, whatever).

Someone would have to find a liquid place to park that $1,000 for 2 months at a rate of 6% to just break even, never mind earn "alot" more ($1,000 * .06 / 12(months) * 2(months) = $10). I'm just curious where that is...

It's not about paying it up front, it's about paying it over the course of a year. Unless you're outside the US you do not need to pay the whole dues up front, you can pay equal monthly installments over the course of the year with no fee. I think you're stuck on the amount due at invoice, the due date and the fact you can pay in equal monthly installments.

So if you through $1,000 into an account and earn 2.5% (not that hard to get a liquid account at that, just takes some work), you can earn a few dollars above what you would get in cash awards (most are 1%).

 

[disneynutz]

Disney has enough money, I pay ours on February 14th and I pay with with the credit card that is offering the best points reward at the time.

Bill

 

[Jason@dvcstore]

Disney has enough money, I pay ours on February 14th and I pay with with the credit card that is offering the best points reward at the time.

Bill

I pay between February 5th and February 15th in full.

Jason

 

[kristenrice]

I just transfer what my dues will be monthly into an interest bearing online bank, then when dues are due I charge the dues for the reward, then pay the CC out of the account that has the dues amount in it. So I get my pathetic interest during the year and then my little reward amount too.

Same here!

$20/paycheck goes into our online bank account so that when January rolls around, the money is there (actually, a little extra). I charge it to my CC and then pay it off. To me, it is like paying bi-weekly, but I only have to concern myself with it once per year.

 

[dbs1228]

We just became members this year and I did give my cking account information for monthly payments (thought I had to) but would prefer to pay it all at once on one of my rewards cards, do I have until Feb 15th before they pull any money from my account or will they pull the 1st monthly payment in Jan.? Thanks in advance

 

[Sandisw]

I use my Disney Reward points to pay the dues and then put the balance on my Disney Visa.

I wait and pay around the beginning of February, as soon as my statement closes on the card so I don't have to actually pay the bill until March.