Saving for Disney idea

[j-me]

My friend posted the other day a 52week plan on saving.. and I am going to try it for 2013.
Jan week 1.. you put $1away
Jan week 2.. you put $2 away
Jan week 3 .. you put $3 away
Jan week 4.. you put $4 away
Feb week 1.. you put $5 away
Feb week 2 ..you put $6 away

You get the idea..
At the end of the year you would have saved over $1300!! It's a do-able concept. And if you book your trip during a FREE dining stay (usually in the early fall time) you can have a good chance of going.

 

[DawnM]

You will only have $1,300 if you put away $25/wk for 52 weeks.

 

[Marionnette]

My friend posted the other day a 52week plan on saving.. and I am going to try it for 2013.
Jan week 1.. you put $1away
Jan week 2.. you put $2 away
Jan week 3 .. you put $3 away
Jan week 4.. you put $4 away
Feb week 1.. you put $5 away
Feb week 2 ..you put $6 away

You get the idea..
At the end of the year you would have saved over $1300!! It's a do-able concept. And if you book your trip during a FREE dining stay (usually in the early fall time) you can have a good chance of going.

How "doable" is saving $50 a week? Because that's what your plan will have you putting away toward the end of one year. The plan back-loads the hardest part of saving on the final six months and that's where the majority of the money is saved. During the first 26 weeks you will have saved $351.

Wouldn't it make sense to save $26/week from the beginning? You would come away with the same amount of money saved, but you wouldn't be scrambling to find room in your budget to put nearly $200/month in the last 3 months of the year.

 

[gshumaker]

My friend posted the other day a 52week plan on saving.. and I am going to try it for 2013.
Jan week 1.. you put $1away
Jan week 2.. you put $2 away
Jan week 3 .. you put $3 away
Jan week 4.. you put $4 away
Feb week 1.. you put $5 away
Feb week 2 ..you put $6 away

You get the idea..
At the end of the year you would have saved over $1300!! It's a do-able concept. And if you book your trip during a FREE dining stay (usually in the early fall time) you can have a good chance of going.

Great idea - but what about this...

just do a penny each week but double it each week...

Jan week 1.. you put $0.01 away
Jan week 2.. you put $0.02 away
Jan week 3 .. you put $0.04 away
Jan week 4.. you put $0.08 away
Feb week 1.. you put $0.16 away
Feb week 2 ..you put $0.32 away
...
...
...
Week 52...you put $22,517,998,136,852.48 away

then we can all go...and you can pay off the national debt too!!

 

[goofyredraider]

There are many ways to save for Disney. I would be driven mad trying to put away odd, predetermined amounts. One way I save is by saving any $1 bill and change I come in contact with. It adds up fast.

 

[loveshak22]

I'd suggest doing an automatic deduction from your checking account to a savings account each pay period. Most banks have a "goal setter" type account to save up for specific purchases that you want.

I think you're idea is really creative so I'm definitely not knocking it!! If it makes it fun for you to save then it's a really good idea!

I just know me and I'd find it difficult keeping track. I've got it set-up like above where I pretty much know what I can spare and when I get paid so many dollars automatically get deducted and put into the savings account. Then it's like I don't even see the money so I don't miss it as much.

I think someone else posted this but if you get paid every other week and put in $50 then you'll have $1,300 as well at the end of the year.

I also save up all my change and cash it in before a trip. Sometimes it's not much but if I start early it could be another $200.

 

[meggiebeth]

I am sixteen. We are going to WDW this October/ November and I want to upgrade to the Deluxe DDP. I put away $5 a day- no more money than I get for lunch. My parents give me a lot of it because they know it is going into the Florida fund as I call it!

We never missed any of the money and in a year, you can save £1200 or about $1900. So far I have about £500 or $800, just from saving for 4 months.

I think the doubling amounts thing, whilst a good idea is very fiddly and I just find it easier to put the same amount in thereabouts each day.

Sent from my iPhone using DISBoards

 

[goofyredraider]

I'd suggest doing an automatic deduction from your checking account to a savings account each pay period. Most banks have a "goal setter" type account to save up for specific purchases that you want.

I think you're idea is really creative so I'm definitely not knocking it!! If it makes it fun for you to save then it's a really good idea!

I just know me and I'd find it difficult keeping track. I've got it set-up like above where I pretty much know what I can spare and when I get paid so many dollars automatically get deducted and put into the savings account. Then it's like I don't even see the money so I don't miss it as much.

I think someone else posted this but if you get paid every other week and put in $50 then you'll have $1,300 as well at the end of the year.

I also save up all my change and cash it in before a trip. Sometimes it's not much but if I start early it could be another $200.

ITA with what you said. Very good points.

OP you do what works for you!! Saving is saving, no matter the method.

 

[DawnM]

Saving is saving, but it needs to have some concrete math behind it or the final numbers will be a huge disappointment.

Saving $1,300/year requires $25/wk. Putting in $1-$6 each week and expecting $1,300 doesn't add up.

Dawn

ITA with what you said. Very good points.

OP you do what works for you!! Saving is saving, no matter the method.

 

[Sparkly]

I am sixteen. We are going to WDW this October/ November and I want to upgrade to the Deluxe DDP. I put away $5 a day- no more money than I get for lunch. My parents give me a lot of it because they know it is going into the Florida fund as I call it!

We never missed any of the money and in a year, you can save £1200 or about $1900. So far I have about £500 or $800, just from saving for 4 months.

I think the doubling amounts thing, whilst a good idea is very fiddly and I just find it easier to put the same amount in thereabouts each day.

Sent from my iPhone using DISBoards

That's a really good idea! I would do it, but we're already nine days into the year, so I would have to put £45 in at once to catch up LOL.

 

[DawnM]

Since poster has already done it for 4 months, that would indicate she didn't start on Jan. 1 either. The year starts the day you start the savings' plan.

That's a really good idea! I would do it, but we're already nine days into the year, so I would have to put £45 in at once to catch up LOL.

 

[angierae]

Saving is saving, but it needs to have some concrete math behind it or the final numbers will be a huge disappointment.

Saving $1,300/year requires $25/wk. Putting in $1-$6 each week and expecting $1,300 doesn't add up.

Dawn

Well, except it does. 1+2+3+4+5+6+7 etc up to 52 = $1333.

Now, would this be a good savings plan for me? No, because $40-50 a week towards the end of the year would be too much for me. But it does _work_, if you can do it.

 

[DawnM]

OH, I see now.....so you would need to save up a ton at the end......not the best plan for me. I would need a consistent amount all year.

Dawn

Well, except it does. 1+2+3+4+5+6+7 etc up to 52 = $1333.

Now, would this be a good savings plan for me? No, because $40-50 a week towards the end of the year would be too much for me. But it does _work_, if you can do it.