Disney Vacation Account, another way to save for trip!

[Enchanted Minnie]

Mods, I'm not sure if this is the right forum, so please move it if needed

I was just on Pinterest and was looking at Disney things of course! I found this one pin talking about this Disney Vacation Account that I had never heard of! It's basically a savings account that you plug in the dates you're interested in and it calculates out how much you need to pay either weekly, bi-weekly, monthly or you can make one time contributions. For each $1000 you pay towards your vacation you get a $20 Disney gift card. If after you fully pay for your trip you have money left over in your account you can request that in a Disney gift card that you can use towards your trip.

It's basically a savings account for your trip. Yes, you can still also just open up a savings account at a bank, and in some you can receive interest depending on what type of account it is. I just thought it would be nice to share another way to save Has anyone used this? Did you like it? Not?

https://disneyvacationaccount.disney.go.com/

 

[hollypoast]

This is interesting... may be a fun way to save for a trip. My next trip may be two years away so this would be a way to start saving and looking forward to it. Thanks for sharing.

 

[sharadoc]

Technically a 2% return on your money which is better than a bank savings account.

But, Disney gets to use your money. Yet another way to make money off of guests even BEFORE they show up. They will use that money as collateral against borrowing, or float as short-term cash. Interesting to see how many people use it.

You can do the same thing at a local bank with a Christmas or Vacation Club savings account if your local bank still does that.

 

[Itinkso]

Or, you can get the Disney Premier Visa Card and receive $200 in Disney Reward $$ if you charge at least $500 in the first three months. There is a $49 annual fee but you can cancel the card before the year is up.

http://disneyrewards.com/apply/learn-disney-rewards-cards-a/?CELL=63MC11

 

[babydoll65]

I have a box wrapped up with Disney paper. I put a slit in the top then add money based on each week of the year. The way it's supposed to work is, week one you add 1$,week two add 2$ and so forth. When you reach the end of the year you should have a little over 1300.00. I started this the first week of January but
instead I put in 52$ the first week and work my way down so that during the winter months when I'm paying for oil and Christmas gifts I'm not stuck paying the larger amounts at the end.

 

[Frank The Tank]

I think this is an interesting idea. I noticed that you can also contribute to the account using Disney gift cards. I was thinking of buying the cards from Target using my red card and getting the 5% off and then when I go to pay for my trip I can use use the account instead of 100 gift cards. I believe you can even purchase airfare with the account if I am not mistaken.

 

[Enchanted Minnie]

I think this is an interesting idea. I noticed that you can also contribute to the account using Disney gift cards. I was thinking of buying the cards from Target using my red card and getting the 5% off and then when I go to pay for my trip I can use use the account instead of 100 gift cards. I believe you can even purchase airfare with the account if I am not mistaken.

That's a good idea about going to Target and getting the gift cards! Plus then you get more gift cards after you pay $1000. And yes from what I read you can use it to buy airfare. I'm not sure if it's any airline or a specific one.

 

[Magicalcarpetride]

Thanks for the link! This is pretty exciting! I am a horrible saver and use a Christmas club at work. I can see this working well for me.

 

[SandyinMonterey]

We have trip planned @ WDW in April. I've been saving for two years. The money I save goes for airfare, rental car, food. We're DVD members so hotel is taken care of. In two years I have saved $5,700. I keep it in a safe, out of site..out of mind. If my we get money for a birthday, x-mas or whatever...it goes in there. Garage sale money, etc. It all adds up.

 

[Dismom55]

I decided to open a Disney Vacation account, here is the reason, the amount I set to have deposited each pay is not a large amount, but it is consistent I will not have to even think about it except to register it in my ck book as the money will be coming directly from my checking account. While I will be saving additional funds on my own, this is a way to make sure I do and in the end Disney will pay a very small amount to use my money. In my checking account I don't earn interest, so that is a win for me. This is not going for my next trip as that is this April and not enough time to make a difference there, but I want to go to Disney in December of 2016. Plenty of time to save and manage to get in a trip at a time of year I have been wanting to go back for since our trip in 2007. A win/win for me. I can and will add extra to the account as able, but this is a no brainer for me at this time. Planning on retiring in May of 2016, I will be able to change my deposits at that time to fit getting paid once a month. For those who always have good intentions but seem to have a bit of trouble with the follow thru I think it a good idea. I do realize Disney will be using my money, but hopefully if this is a success, maybe they can slow down the increase in fees each year, ok wishful thinking.