You usually can do better booking everything on your own as opposed to a package. The reason for this is because packages often include a lot of 'extras' that you would never use. If you have the time to do the research, look to see how much the room and park tickets would cost you if you bought each seperately. Keep in mind that the Ultimate Park Hopper ticket (the ticket included in all packages) include admission in to all 4 theme parks plus the water parks and Pleasure Island. Will you be visiting the water parks and Pleasure Island? If not, it would be less expensinve for you to buy a park hopper ticket.
Also, look in to purchasing an Annual Pass. If you have the most remote possibility of returning in the next year, or if your trip will be 8 days or longer, an AP will save you money. There are also hotel discounts available to AP holders, especially in the off-season. February is one of the slower seasons, so even if you don't plan on returning in the next year, the money you save on your hotel room would more than offset the extra money you'd pay for the ticket. For example, you might pay an extra $100 for the ticket, but you'd save $300 on the room. Make sense?
As far as saving money for the trip itself, there are a few things that I do that really add up over the course of a few months:
1) Save all your loose change. Just before my most recent trip to WDW (8/29-9/6), I took my change to the bank and had it counted. Between May and August, I had saved $144 in loose change. Get a large container (an empty water jug is usually good) and throw your loose change in there. It adds up!
2) Start using coupons at the grocery store. Take the money you saved by using the coupons and throw that in to your piggy bank (or savings account, which ever you prefer). This also adds up.
3) Have a garage/yard sale. My general rule of thumb is that if you haven't used something in the last year, it goes in to the garage sale pile. At my last yard sale in May, I brought in $150. Some other DISers have made considerably more than that at a yard sale, but every little bit adds up.
4) If you can't get your stuff together for a yard sale, sell your stuff on eBay. There is a whole thread on the Budget Board about "Ebaying your way to WDW."
And this is just the beginning! Other DISers will (hopefully!) add their creative styles of saving money. Hope this helps!
