Long time Vets please weigh in on managing points

[stacy6552]

Hey neighbors. We've been a part of the club for a few years now. So far our points use has come in right about what we have. But I'd like your advice for this year.

We already have a HH trip planned for this spring and I'm trying to plan a trip to Fl for the summer, but I'm short on points for what we want to do.

So here's my question: Based on your experience, do you find it would be better to trim the trips and stay within this years points; or would you just borrow against next year?

I'm concerned that if I borrow, I will regret being low on points next year. But this years trips are ones I know we'd take and we have no plans for next year at all, beyond "we'll do something at some point."

What's your experience been?

 

[PBader]

I have never thought twice about borrowing points for something that I really wanted to do. That being said--we have also done 2 add on's. We have enjoyed several larger family trips that required us to borrow and I have never regretted it. The following year we just stay in a smaller room or cut it a day or so short.
Paula

 

[TammyAlphabet]

I am absolutely for borrowing! They are your points to use however you see fit within the rules.

 

[Cruelladeville]

I always borrow if I want to expand my trip. If necessary, next year you can always rent points if you don't want to continue your borrowing pattern, or else consider an add-on.

 

[Happy Birthday Cat]

Unlike borrowing money, borrowing points is a good idea. You get to use next year's points at no cost. And chances are that at some point over the course of your contract, you won't go to WDW for a year and will get caught up. Even if you borrow all of your points every year, the worst that can happen is that you won't have any points in the last year of your contract. Borrow and don't worry about it.

HBC

 

[dianeschlicht]

We have both banked and borrowed and sometimes in the same year. The point is, your plans can change a bit, and the banking and borrowing are there to use if you need to. I absolutely would borrow to do what you want to.

 

[spiceycat]

go ahead and borrow....

remember that DVC can cancel this option -if too many people are doing it - so do it NOW while you can!!!

 

[canwegosoon]

I would borrow...if it is really bugging you you could always go to the rent/trade board and have some points transfered from another member-if you really don't want to be short in the following year. BTW I always borrow...and I need an add on...but waiting on building my house.

 

[Luigi's Girl]

We haven't ever had to borrow yet because I prefer to book cash nights for the weekends to make our points go further. If you can afford to do that it works out great.

 

[JudithM]

We've banked, we've borrowed ... The points are yours to do with as you want/need (within reason, of course ! ). Have fun planning!

 

[living la vida mickey]

Unlike borrowing money, borrowing points is a good idea. You get to use next year's points at no cost. And chances are that at some point over the course of your contract, you won't go to WDW for a year and will get caught up. Even if you borrow all of your points every year, the worst that can happen is that you won't have any points in the last year of your contract. Borrow and don't worry about it.

HBC

I totally agree with you Cat. I figure that in 2042, if I'm alive, I'll be 94. So if my grandkids don't have one year that's their problem.

 

[stacy6552]

Thanks for the encouragement guys! I went for it!

 

[jdvm]

To me borrowing (and banking) is for unusual circumstances, which is exactly what you're describing. If you borrow all of the time, perhaps you don't have enough points. If you bank a lot, perhaps you have too many. I've banked and borrowed---at times to the extreme in both directions. I've built up what i thought might be an unusable amount of points and I've absolutely drained our account at other times. Think it through and go for it. use the flexibility that's built into the system. Hope this helps.

 

[mkrober]

Borrowing can be a good solution sometimes. One thought to consider is that if you borrow your points every year, you never have to worry about unused points expiring. The worse that can happen is that you will not have any points for the final year of your contract, although it is unikely that you will remain in a perpetually "borrowed" status for the duration of your DVC contract.

If you decide to sell your contract at some point while in "borrowed" status, it might take a little longer to sell your contract than if you had "banked" points, but if the demand for DVC resales remain as strong as it has been, that shouldn't be an issue.

 

[bobbiwoz]

I'm glad you went for it! Have a great time anticipating those vacations!

Bobbi