Making payments on your room

[npmommie]

It would probably be more financially prudent to set up a savings account and put your money in the savings account and pay Disney just shortly before the due-date of your trip. I'm a big believer in keeping my money (and earning some sort of interest on it!) until I need to give it to some big corporation (so that they can earn interest on it!). [/QUOTE

I love this idea and I would do it, BUT I'd be more apt to spend it on something else than the Disney vacation. I just know me. Something will come up and I'll say, "oh well, I'll use this and replenish it."

PamNC

haha Pam we think alike and posted it at the same time........LMBO!

 

[Tinkaroo]

Just to clarify...

I think the last time I checked, you could only make advance payments on MYW packages, not on room-only reservations. Is this still correct?

Just wanted to point that out, given the comment about watching for AP codes...

 

[Sleeping Becca]

It would probably be more financially prudent to set up a savings account and put your money in the savings account and pay Disney just shortly before the due-date of your trip. I'm a big believer in keeping my money (and earning some sort of interest on it!) until I need to give it to some big corporation (so that they can earn interest on it!).

Interest rates are so ridiculously low right now, you are not talking about a whole lot of money lost by paying Disney early. Maybe things are different in the Great White North, but here in the good ol US of A, interest rates are pretty dismal. For example my checking account earns .2 %, and my savings is not a whole lot better.

Long term investments like CD's and bonds have MUCH MUCH better rates of return, but most folks only receive the interest on those accounts when those investments mature and then put that interest in savings and checking where the money is easily accessible, but earns very little interest.

Many folks don't save very much and rely on credit cards to pay for luxuries like vacations, so by prepaying Disney, they are actually saving money, because that is less they will have to pay in finance charges.

 

[JJ&JSMOM]

Hi Becca,
I use DU-They have a payment section on their website. I make a payment, and in a short time, I get a confirmation email that it's been applied. I can review my reservations, see how much I've paid so far, and what my balance is online. It's really easy. I don't know about the system for other TA's.
lilyv

Hi lilyv- Do you usually book a pkg or room only? I'm asking because I'm wondering if payments can be made on room only ressies as well - somewhere I read there was a diffference. Thanks for any info.

 

[lilyv]

Hi lilyv- Do you usually book a pkg or room only? I'm asking because I'm wondering if payments can be made on room only ressies as well - somewhere I read there was a diffference. Thanks for any info.

I book room only, (thru DU) and then usually get my tickets from Undercovertourist. I do get the AAA rate for room only with my TA.

 

[JJ&JSMOM]

I book room only, (thru DU) and then usually get my tickets from Undercovertourist. I do get the AAA rate for room only with my TA.

Wow thanks for the quick answer. This is what I'm thinking of doing - room only and then getting our tickets thru Undercovertourist or AAA. Thinking of using DU but have also seen the Magical Travel website that has a lot of info on it. Thanks again.

 

[PamNC]

Interest rates are so ridiculously low right now, you are not talking about a whole lot of money lost by paying Disney early. Maybe things are different in the Great White North, but here in the good ol US of A, interest rates are pretty dismal. For example my checking account earns .2 %, and my savings is not a whole lot better.

Long term investments like CD's and bonds have MUCH MUCH better rates of return, but most folks only receive the interest on those accounts when those investments mature and then put that interest in savings and checking where the money is easily accessible, but earns very little interest.

Many folks don't save very much and rely on credit cards to pay for luxuries like vacations, so by prepaying Disney, they are actually saving money, because that is less they will have to pay in finance charges.

You know - I was thinking the same thing about the lame interest rates. I like the idea of making installments on the vacation. Heck, they're interest free. We don't typically put our vacations on the credit card except we do like to use Disney Visa and get the rewards points...as long as you pay it off within 6 months you get 0% interest.

PamNC

 

[Allegro]

Interest rates are so ridiculously low right now, you are not talking about a whole lot of money lost by paying Disney early. Maybe things are different in the Great White North, but here in the good ol US of A, interest rates are pretty dismal. For example my checking account earns .2 %, and my savings is not a whole lot better.

Long term investments like CD's and bonds have MUCH MUCH better rates of return, but most folks only receive the interest on those accounts when those investments mature and then put that interest in savings and checking where the money is easily accessible, but earns very little interest.

Many folks don't save very much and rely on credit cards to pay for luxuries like vacations, so by prepaying Disney, they are actually saving money, because that is less they will have to pay in finance charges.

I realize that interest rates aren't going to make me rich but I rather have the few pennies in my pocket rather than Disney's and there are other investment options for that money if I really want to bother (I don't). I guess I prefer to keep my money with me as long as possible. For thie trip the only reason I paid it off early (by maybe three weeks) was because our dollar was threatening to dip below $1 USD and I wanted that "discount."

Edited to add that I can understand the willpower side of it.

 

[jpaxton1118]

This is our first time paying it online in payments. I really like it. I know we want to go and this way I make sure of it. I think both ways are great but for me it just works better if the money is already gone and not easy for me to touch. I can keep money in a savings account for our future but for a trip it just does not work. That is just me.

 

[megnsamsgracie]

We just got back and only had 2 nights, both prepaid. But we are going next Disney and hubby got spoiled by our free upgrade to concierge, he wants to stay again. So I am looking at a BIG cost. So I told hubby if I paid the initial deposit, and then $30 a week, it wouldnt be that big. Thats 7% of my take home pay. But at least come next December, I wont owe at check in!