Vacations with Debt

[ccgirl]

IMO, if people pointing out that cc generally have higher interest rates and most often carry debt on "wants" that have little resale value doesn't show you the difference, nothing will.

If "cc" stands for credit card, I'm guessing your love of them is pretty firmly entrenched and you're not eager to have their drawbacks pointed out!

Actually, my cc is 3.9% maybe that's why I can't really see the difference? Also, mine don't often carry "wants". I don't love cc's but I can see a purpose. To me, it serves the same purpose of a car loan (since with me, the interest rates are very similar). They both afford you to purchase something you did not have enough cash to use for the purchase. You pay this back over time, with interest. When you sell the car, you do not (usually) make money. It begins depreciating the moment it is driven off the lot. They are both loans, with interest, so have the same drawbacks; no?

 

[crisi]

My portfolio consists of 7 Myotonic goats, followed by liquid assets of 4 holstein calves. I have a positive flow of goat kids at an interest rate of 3.9%. I have a revolving loan aka a garden and a 401-hay as well.

My Angus is worth 30k even though I only owe 20k on her with an interest rate of 0%, thus if I feed her rice that is dusted with diamond droppings I can get a fair share for her in about 25 years. My liquid assets, oops I mean milk from the ole Jersey, are worth a gazillion dollars.

I have a barn worth 300k that I only owe 150k on. The fact that I bought it for 400k and the market dropped bears no meaning on the end result that Im still 150k to the good (we'll just forget about that 100k loss due to the decline in the barn market over the last few years - it never happened).

Now, being that I have all of this and I am so worthy, I feel the need to share it on a discussion board with people I will never meet so they will never know if I have all of this or not. I may be rich, smart or I may just be pee'ing in the wind to make myself feel better in front of others who will never find out the difference.

(I was just wondering if it made me feel any better to type out all of my net worth (fictional or not) to strangers on the internet......it didn't. I'll just keep sticking to the fact that Im broke, but I still make Disney happen and manage to pay my bills)

No one is requiring you to participate in the discussion - and there is an ignore feature.

 

[Disneyliscious]

No one is requiring you to participate in the discussion - and there is an ignore feature.

No one is requiring you to comment on my post - and there is an ignore feature.

 

[ctinct]

IMO, if people pointing out that cc generally have higher interest rates and most often carry debt on "wants" that have little resale value doesn't show you the difference, nothing will.

If "cc" stands for credit card, I'm guessing your love of them is pretty firmly entrenched and you're not eager to have their drawbacks pointed out!

I'm not the poster you directed this to, but since she has since posted and did not address her user name, I'm going to chime in wwith what I always assumed her user name means. CC= Cape Cod, maybe? That is her location.

 

[Buckeye Princess]

I would not go with any sort of credit card debt. I personally feel that the only debt that is acceptable is a mortgage. I have no idea who Dave Ramesey is but we have no debt. (No credit card, mortgage, car, school loans, etc.) Budgeting for vacation only comes after we have put away 60% of our income into investment and savings accounts. We can put such a large percentage away at this point because we have paid everything off and chose to live below our means.

 

[ccgirl]

I'm not the poster you directed this to, but since she has since posted and did not address her user name, I'm going to chime in wwith what I always assumed her user name means. CC= Cape Cod, maybe? That is her location.

Thank you. I was trying to figure out where they got the "cc" from but they were talking about my user name?? If so, it does, indeed, stand for Cape Cod. Wow...quite a far stretch to think it was credit card.

 

[ccgirl]

I would not go with any sort of credit card debt. I personally feel that the only debt that is acceptable is a mortgage. I have no idea who Dave Ramesey is but we have no debt. (No credit card, mortgage, car, school loans, etc.) Budgeting for vacation only comes after we have put away 60% of our income into investment and savings accounts. We can put such a large percentage away at this point because we have paid everything off and chose to live below our means.

Now this, I could understand. Congrats to you. What a great accomplishment!

 

[GinnyEmma]

Disneylish, you seem to have huge issues with people who have made traditionally wise saving choices. No one has looked down on you for your farm Or choices. I have a farm too. Big whup. No $400000 barn though. Gee I must suck.

 

[Disneyliscious]

Disneylish, you seem to have huge issues with people who have made traditionally wise saving choices. No one has looked down on you for your farm Or choices. I have a farm too. Big whup. No $400000 barn though. Gee I must suck.

I doubt I have ever seen a 400k barn. Are you familiar with sarcasm?

I don't knock people who make wise choices and do well. I admire them. What I do knock is posting the intimate details of how great you are on a discussion forum with people you will likely never meet.

Lets face it, not every darn one (those who say they do) of you pay your cc's in full every month and never vacation until you have no debt. Stop with the BS already.

Sure there are folks who live that way, but I don't think a newsletter was sent to all of them saying "join the DIS". One person commented that the DIS has more folks of higher earnings because its about Disney and vacations and *those* are the folks who can afford them. Again, its BS. I found the DIS on Google years ago while searching for info on my trip. I doubt I'm alone. People of all incomes can find ways to enjoy Disney whether its through a high paying job or a tax return on their 20k a year income or saving their change in a jar.

How much someones house is worth or how much they have in their 401-K does not in any way give someone budgeting advice. You can tell others how you got to that point, but sharing your personal dollar amount does nothing but stroke your own ego and give others a laugh. I mean really....do any of us care how much someone's house cost? Or what its worth now? Or how much they owe on it now? Or what interest rate its at? Your personal worth and finances do nothing to help my budget just as my personal worth and finances would do nothing to help yours. However, offering advice on things you did to save money or get a higher earning job would be relevant to assisting someone else in planning their future.

Well maybe it does. Because its a free form of entertainment sitting here watching people go back and forth about "I have this" "well I have THIS" "oh I forgot to add that in so now I have THIS".

 

[ccgirl]

I doubt I have ever seen a 400k barn. Are you familiar with sarcasm?

I don't knock people who make wise choices and do well. I admire them. What I do knock is posting the intimate details of how great you are on a discussion forum with people you will likely never meet.

Lets face it, not every darn one (those who say they do) of you pay your cc's in full every month and never vacation until you have no debt. Stop with the BS already.

Sure there are folks who live that way, but I don't think a newsletter was sent to all of them saying "join the DIS". One person commented that the DIS has more folks of higher earnings because its about Disney and vacations and *those* are the folks who can afford them. Again, its BS. I found the DIS on Google years ago while searching for info on my trip. I doubt I'm alone. People of all incomes can find ways to enjoy Disney whether its through a high paying job or a tax return on their 20k a year income or saving their change in a jar.

How much someones house is worth or how much they have in their 401-K does not in any way give someone budgeting advice. You can tell others how you got to that point, but sharing your personal dollar amount does nothing but stroke your own ego and give others a laugh. I mean really....do any of us care how much someone's house cost? Or what its worth now? Or how much they owe on it now? Or what interest rate its at? Your personal worth and finances do nothing to help my budget just as my personal worth and finances would do nothing to help yours. However, offering advice on things you did to save money or get a higher earning job would be relevant to assisting someone else in planning their future.

Well maybe it does. Because its a free form of entertainment sitting here watching people go back and forth about "I have this" "well I have THIS" "oh I forgot to add that in so now I have THIS".

Funny how people can read things different. I didn't "see" anyone giving intimate details or rubbing anything in. I do believe posters are not lying when they say they have this paid off or that paid off. This is the Budget board and the posters on here tend to be very frugal with their budgets. I will admit, I am an exception to that, but I don't care. Nor do I think anyone has looked down on me for having the debt. My only "gripe" if you could call it that was posters saying they wouldn't go to WDW with 5K in credit card debt but would go with a car loan. To me, it is the same thing. I know to others it isn't but I'm not going to judge anyone. I think you may have taken this thread a bit too personally.

 

[Disneyliscious]

Funny how people can read things different. I didn't "see" anyone giving intimate details or rubbing anything in. I do believe posters are not lying when they say they have this paid off or that paid off. This is the Budget board and the posters on here tend to be very frugal with their budgets. I will admit, I am an exception to that, but I don't care. Nor do I think anyone has looked down on me for having the debt. My only "gripe" if you could call it that was posters saying they wouldn't go to WDW with 5K in credit card debt but would go with a car loan. To me, it is the same thing. I know to others it isn't but I'm not going to judge anyone. I think you may have taken this thread a bit too personally.

I agree with you that debt is debt, no other way to look at it.

Also, I should clarify that my above post is my analogy of years of being on these boards and doesn't just pertain to this one thread.

 

[Desnik]

My favorite professor from my undergrad career and his wife retired and moved into their dream retirement home. Three months later she had a massive stroke and died.

I will have a pension, we have a 401K. We have debt. My kids get older every day - one is leaving next year for college - and not a one of us has the promise of tomorrow. My father died when he was 48; I will be 43 soon. I am planning for the future, but I am LIVING for TODAY.

Whatever you want to do, God bless you. I only ask the same courtesy from you.

I can relate to this and agree with you!

 

[nrpofp]

I doubt I have ever seen a 400k barn. Are you familiar with sarcasm?

I don't knock people who make wise choices and do well. I admire them. What I do knock is posting the intimate details of how great you are on a discussion forum with people you will likely never meet.

Lets face it, not every darn one (those who say they do) of you pay your cc's in full every month and never vacation until you have no debt. Stop with the BS already.

Sure there are folks who live that way, but I don't think a newsletter was sent to all of them saying "join the DIS". One person commented that the DIS has more folks of higher earnings because its about Disney and vacations and *those* are the folks who can afford them. Again, its BS. I found the DIS on Google years ago while searching for info on my trip. I doubt I'm alone. People of all incomes can find ways to enjoy Disney whether its through a high paying job or a tax return on their 20k a year income or saving their change in a jar.

How much someones house is worth or how much they have in their 401-K does not in any way give someone budgeting advice. You can tell others how you got to that point, but sharing your personal dollar amount does nothing but stroke your own ego and give others a laugh. I mean really....do any of us care how much someone's house cost? Or what its worth now? Or how much they owe on it now? Or what interest rate its at? Your personal worth and finances do nothing to help my budget just as my personal worth and finances would do nothing to help yours. However, offering advice on things you did to save money or get a higher earning job would be relevant to assisting someone else in planning their future.

Well maybe it does. Because its a free form of entertainment sitting here watching people go back and forth about "I have this" "well I have THIS" "oh I forgot to add that in so now I have THIS".

This is a budget board where people discuss well... budgets. There are many budget and financial boards on the web where people discuss the same thing. It's not inclusive to the dis boards. I don't believe in being judgemental. I will agree there a quite a few judgemental people on these boards. Then there are those that feel there way is the only way. I am interested in how others live financially. Not because I want advice from them. I just find it interesting. Maybe we all feel guilty about how much we spend at disney and need to justify it.

 

[Planogirl]

I doubt I have ever seen a 400k barn. Are you familiar with sarcasm?

I don't knock people who make wise choices and do well. I admire them. What I do knock is posting the intimate details of how great you are on a discussion forum with people you will likely never meet.

Lets face it, not every darn one (those who say they do) of you pay your cc's in full every month and never vacation until you have no debt. Stop with the BS already.

Sure there are folks who live that way, but I don't think a newsletter was sent to all of them saying "join the DIS". One person commented that the DIS has more folks of higher earnings because its about Disney and vacations and *those* are the folks who can afford them. Again, its BS. I found the DIS on Google years ago while searching for info on my trip. I doubt I'm alone. People of all incomes can find ways to enjoy Disney whether its through a high paying job or a tax return on their 20k a year income or saving their change in a jar.

How much someones house is worth or how much they have in their 401-K does not in any way give someone budgeting advice. You can tell others how you got to that point, but sharing your personal dollar amount does nothing but stroke your own ego and give others a laugh. I mean really....do any of us care how much someone's house cost? Or what its worth now? Or how much they owe on it now? Or what interest rate its at? Your personal worth and finances do nothing to help my budget just as my personal worth and finances would do nothing to help yours. However, offering advice on things you did to save money or get a higher earning job would be relevant to assisting someone else in planning their future.

Well maybe it does. Because its a free form of entertainment sitting here watching people go back and forth about "I have this" "well I have THIS" "oh I forgot to add that in so now I have THIS".

I suspect that many of those who do have debt don't necessarily feel the need to share. On the DIS, you sometimes take a chance if you don't go with the mainstream and you can be flamed for far less.

Personally, I have some debt and take (cheap) vacations. I don't really care if others approve so I'll say that much but I won't go into detail. I just don't feel comfortable sharing all of the nitty gritty details about my finances except to occasionally share some facts that pertain to a poster's situation.

 

[Disneyliscious]

I suspect that many of those who do have debt don't necessarily feel the need to share. On the DIS, you sometimes take a chance if you don't go with the mainstream and you can be flamed for far less.

Personally, I have some debt and take (cheap) vacations. I don't really care if others approve so I'll say that much but I won't go into detail. I just don't feel comfortable sharing all of the nitty gritty details about my finances except to occasionally share some facts that pertain to a poster's situation.

Well said

 

[disykat]

Thank you. I was trying to figure out where they got the "cc" from but they were talking about my user name?? If so, it does, indeed, stand for Cape Cod. Wow...quite a far stretch to think it was credit card.

Oh come on - where's your sense of humor? Really? You keep saying how much you LOVE credit cards, I thought it was a natural punch line and was surprised no one else had caught it.

Back to serious discussion though, I'm trying to figure out where you've gotten a credit card with a 3.9%. I've received solicitations for that kind of thing, but on mine that interest rate is usually either only on a balance transfer or is for a short time period only. 3.9 is a SCREAMING deal for credit cards. I'm not exactly a credit card expert, but I'm pretty sure that rate is highly unusual.

 

[GinnyEmma]

I suspect that many of those who do have debt don't necessarily feel the need to share. On the DIS, you sometimes take a chance if you don't go with the mainstream and you can be flamed for far less.

Personally, I have some debt and take (cheap) vacations. I don't really care if others approve so I'll say that much but I won't go into detail. I just don't feel comfortable sharing all of the nitty gritty details about my finances except to occasionally share some facts that pertain to a poster's situation.

Eh, we travel cheap. And I don't have a lot of stuff. We don't buy a bunch of stuff. I'd rather memories than things. What we have is because my sweetie is smart and Scottish, as he says. Saying one has a retirement plan isn't bragging. Anymore than saying one takes trips regardless. It is just a statement to give context.

 

[ruley3]

I say go!!!!!
My thoughts are live and enjoy your life with vacation if you are doing all you can to provide for your family and have steady income! I sat beside my Aunt in her hospital bed at age 40 2days before she died of cancer and her regrets were not taking her 4yr and 9yr old on trips and spending more time together away from day to day. She and my Uncle were hard workers and were debt free and none of that made a difference in that moment but her tears. I decided on that day 11 years ago that I would make sure I devoted time to take the kids annually and have FAMILY adventures. Because of that commitment I even took my mom with us on her first trip to Disney World one year and on 2 special Disney Cruises that I payed for even though it could have been used towards my debt. Yes I have credit card debt and a mortgage and student loan however I would NEVER give back the memories I was able to share with my Mom before she suddenly died at age 54. I will continue to work full time and pay on my debts but I will continue to take one week a year to make magical memories for my family. When I close my eyes I can feel my mom hugging me and crying that night at Magic Kingdom during the fireworks.... THAT IS PRICELESS!!!!!!! And my 4yr old DD coloring pictures with Belle on the Mickey Mouse boat is still huge topic of conversation that has put stars in her eyes even though it has been 7 months ago.....

 

[Frannie115]

My thoughts are live and enjoy your life with vacation if you are doing all you can to provide for your family and have steady income!

Yes I have credit card debt and a mortgage and student loan however I would NEVER give back the memories I was able to share with my Mom before she suddenly died at age 54. I will continue to work full time and pay on my debts but I will continue to take one week a year to make magical memories for my family. When I close my eyes I can feel my mom hugging me and crying that night at Magic Kingdom during the fireworks.... THAT IS PRICELESS!!!!!!! And my 4yr old DD coloring pictures with Belle on the Mickey Mouse boat is still huge topic of conversation that has put stars in her eyes even though it has been 7 months ago.....

I'm with you on this. We have created many memories traveling with our children. Besides the fun and memories, they have seen different cultures and learned a lot.

 

[moepanz]

I say go!! Recently in my family I have learned one thing is that we are all not going to be here forever. My sister in law who was one of the most "financially responsible" people I have ever met (they never even had cable TV) the kids never had video games nothing extra. She lived her whole life watching every dime never really took vacations if they did they drove never flew etc. She collapsed at 51 with a massive brain anurisum (sp?) she survived but all that money she saved by "not living life" well it is not doing much for her now. She can't walk on her own and can barely speak it is horrible, She tells us all the time now go live life take our little ones everywhere we can. My mom died of cancer last year at 64 and literally got off her death bed to go to WDW with her grand kids one last time, she died less than a month after we returned. Yes we have credit card debt and yes I will be booking my trip to WDW in 2012 because my kids are only going to be kids for a little while longer. My cc will get paid off, we put money into the college funds every month and I can live with that. I know my kids will remember the Disney trips not how much money we are able to save by not going.