Envelope Savings Plan

chop456

DIS Veteran
Joined
May 12, 2004
Messages
600
Well, I am going to try the envelope savings plan for my upcoming trip in August. My plan is to have all of the food money in an envelope for each day as well as $50 extra for souvies, pics, incidentals, etc. Has anyone done this type of plan with any success?
 
I did this on our last trip to disney - I put $60.00 in each envelope every day,
for food and snacks - anything left at the end of the day i put into the next day's envelope.

Also we only had 1 main meal everyday usually in the evening, breakfast was mainly cereal and banana in the hotel, lunch was usually sandwiches, salads and fruit - on the rare occasion we had soup and crackers.

Souvenior money I kept separate, as we only went shopping on 5 of the days we stayed in orlando. It worked really well for us, and we still had a lot of money left over at the end of our trip.
 
I don't really save for WDW trips using the envelope system as much as sort by the envelope system for all trips! Everyone is different, so try it and see if it works for you.

Once my budget is established (and frequently is reworked during the course of saving for the trip), I deposit money into a separate account that is used just for travel. Well, unless there is a major issue with the house, vehicle, etc. You get the picture!

I use TCs for large expenditures not paid in advance: lodging (you can pay in advance, I just don't), rental car, and major meals (i.e., Yachtsman's Steakhouse, etc.). Everything else goes into the envelope system.

I use the following categories:

PHX Ground. That's home. Airport parking, shuttle costs, gratuities, munchies at the airport and a $10 stash for emergencies (flight is late & have to buy water, etc.). Departure & return costs are included.

WDW Ground. This covers all transportation except rental car and airport expenses. I usually rent a car, so it includes tolls, parking at other locations, cost of airport munchies & bottled water on departure day, etc. I include a $20 stash in case the flight is delayed. It happens more frequently at MCO than PHX!

Mousekeeping. I make and stuff my tip envelopes in advance. Bundle them in order with a rubberband and tuck them into the safe. It's easier than fumbling around every day!

Gratuities. This is general gratuities fund. I stash $1 bills in it, to a maximum of $20 prior to leaving, then replenish as I receive $1 bill in change. Restaurants, valet parking, etc.

Laundry. I'm one of those odd people who prefers to do laundry over hauling a lot of clothing! I take a roll of quarters with me. Washers are $2 per load; dryers $2 per 30 minutes at WDW resorts. (Also take my laundry detergent, but that's another thread!)

Food & beverage. This includes my grocery shopping money, as well as other park and resort meals and snacks, except for those covered by TCs. I
leave the money in the envelope and tuck what I need for the day in my wallet the previous evening.

Miscellaneous. This includes souveniers and other non-essentials. It's whatever my budget permits.

Reserve. I always carry extra cash (about $100 to $200) in case of emergencies. Haven't needed it yet, but if I don't have it... You know that story! :)

I also begin my trip with $50 to $100 in my wallet, usually closer to $50 than $100. I don't like to carry a lot of cash, but invariably need some. What I don't use on one trip goes back into the travel fund for the next one! Another incentive to be a bit frugal! :)
 

We started recently taking $100 a week out of weekly checks to put towards our disney trip in a seperate account. Then every week when I buy our weekly groceries..when i have a certin amt. budgeted out, i try to save maybe $10 or $20 a week here and there, to put in an envelope in the house, that is for souviners or extra food since we are on the Disney Dining plan.

Nicole :3dglasses
 
I use an envelope system myself.

For the big items (airfare, hotel, tickets), I just put away money in the savings account. I've already bought airfare, and paid off about 1/3 of my hotel bill.

Then, its the envelopes.....

one for Mousekeeping $50 ($5 X 10 nights)
one for turndown service $24 ($3 X 8 nights)

one for rental car $100
one for gas/tolls, etc. $20 (we don't do much driving)

one for airport treats on the flight out $25 (I don't usually need this, but it's
one for airport treats on the way home $25 a "just in case" item)

Then I have envelopes for each lunch and dinner. For example, AK Vouchers for lunch $42, or Chef Mickey's dinner $120. Since I have a 10 night trip, I have alot of envelopes for meals!

I'm pretty pleased.....I have over $500 in my envelopes. I accumulate the money for my envelopes by dh and I doing research study's, recycling, saving change, or buying a few Disney dollars when I';m at the mall (which is seldom!!)

Julia
 
How wonderful these envelope ideas are. Last year I justed saved in a separate account but I will have to do this and include my girls in the savings. Thank you for your advice :cheer2: :cheer2:
 


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