How do you plan for dues?

[HUFF590]

Who has creative ways to save for your dues?
We started a Christmas club and use it each year for dues.

 

[tjkraz]

We just let them take it out monthly.

Even when you have virtually zero debt and we're only talking a few hundred dollars per year, it's impossible to turn down an interest-free loan, IMO.

 

[DisneyBill]

I move 1/12th of the annual dues amount in to a money market account each month throughout the year. Pay the dues annually with the Chase Disney Visa, then pay Chase from the money market the next month.

 

[Deb & Bill]

We just let them take it out monthly.

Even when you have virtually zero debt and we're only talking a few hundred dollars per year, it's impossible to turn down an interest-free loan, IMO.

Us, too. Easy this way.

 

[Mom2Ty&Lins]

We just let them take it out monthly.

Even when you have virtually zero debt and we're only talking a few hundred dollars per year, it's impossible to turn down an interest-free loan, IMO.

Ditto.

The amount is worked into our monthly budget, it is deducted automatically, we don't even think about it.

 

[cobbler]

Monthly here too

 

[MemoryMakers2669]

Since we just bought in, with both contracts, when we will see our first bill for our dues? So, if it is January/February, is that for the 07 points?

 

[Caskbill]

Since we just bought in, with both contracts, when we will see our first bill for our dues? So, if it is January/February, is that for the 07 points?

The bills are due in January. You'll get the statements probably in December.

One thing you need to understand is that dues are based on Calendar Year, not on Use Year. So when you pay January 2007, it covers the calendar year 2007, it does not cover dues for your 2007 points. If you want to equate annual dues payments to points' use year, you have to base it on your use year month.

Example: You own a June UY, which goes Jun - May each year. For calendar year 2007, you'll see that the first 5 months cover 2006 UY points, and the last 7 months cover 2007 UY points. So if you want to apply annual dues payments to actual points, January 2007, 5/12ths of the dues apply to 2006 points, and 7/12ths apply to 2007 points.

If you had a December UY, then for example your 2007 dues, 11/12ths would apply to 2006 points, and only 1/12th applies to 2007 points.

When you first purchase from Disney, they pro-rate the dues based on how many months are left in the calendar year for the UY purchased.

Knowing how annual dues apply to points is important to know in the case of buying or selling a resale contract. Many think the dues apply to a Use Year's points. They don't. They apply to the calendar year.

If one were looking at a resale contract, for example with a December UY, and all 2005 points were used, and all 2006 points remain, and the seller today is trying to collect reimbursement for dues paid January 2006 by saying all 2006 points are available, then they are trying to get the buyer to pay dues on 11 months worth of 2005 points that were already used up and are not available to the buyer. In this instance the buyer should only reimburse the seller for 1/12th the annual dues, or dues on 1-month (December 2006) which has points available.

Sellers need to pro-rate dues when they sell, just as Disney pro-rates dues to new buyers.

Just FYI.

 

[DisneyFreaks]

We're new owners and they just automatically take ours from our checking account each month. Will they continue to do this each year or do we have to request it before each january?

 

[JCW]

I move 1/12th of the annual dues amount in to a money market account each month throughout the year. Pay the dues annually with the Chase Disney Visa, then pay Chase from the money market the next month.

We do exactly the same. Can't resist any chance to earn more Disney rewards on our Chase Disney Visa.

 

[DisDaydreamer]

We just let them take it out monthly.

Here too... ePayments.

 

[dianeschlicht]

Add us to the list that just has them taken out monthly.

 

[CapeCodFam]

It's good to hear what others do and what options we have. I guess we've been blissfully igonorant in this regard. I've just been paying the bill when it arrives.

 

[travelbug]

I move 1/12th of the annual dues amount in to a money market account each month throughout the year. Pay the dues annually with the Chase Disney Visa, then pay Chase from the money market the next month.

This is exactly the way I do it too.

 

[CarolMN]

We're new owners and they just automatically take ours from our checking account each month. Will they continue to do this each year or do we have to request it before each january?

They will continue to deduct monthly unless you call and request a change to annual.

Best wishes -

 

[Esmerelda]

its just part of our monthly bills....its taken out directly out of the bank account each month. This way we don't have to worry about it.

E..

 

[garydeb]

We also do monthly deduction from our checking account. Works great and we don't think about another big payment in the year......

 

[fishermouse]

We just let them take it out monthly.

Even when you have virtually zero debt and we're only talking a few hundred dollars per year, it's impossible to turn down an interest-free loan, IMO.

I agree 100%. BTW the return on most Crhistmas clubs is in the 1% range, almost as bad as overpaying your tax's so the Govt. can give you refund with 0% interest.

 

[DisneyFreaks]

They will continue to deduct monthly unless you call and request a change to annual.
Best wishes -

Thanks CarolMN. Good to know.

 

[drakethib]

We pay in full using Visa Disney at due time and pay it off at the end of the month.

I may start paying month to month if they will do an autodeduct from Disney Visa.

Anyone know if they do so?

Heck the mouse has enough of money, he should be paid monthly as well.