Question

Good morning everyone!  I’m looking for a little advice.Good morning everyone! I’m looking for a little advice. I’m currently saving for a Disney Family vacation for March of next year, family of 3. We currently have $3, 000 saved up on a goal of $9000 (we plan on eloping while there so we’re budgeting for the higher end). I’m able to put aside $150 every week towards this. We also currently pay $300/month for car insurance which doesn’t renew until December (2 drivers, 2 cars, premium insurance due to both vehicles still being financed). This is the cheapest we’re able to get due to my fiancé having a not so great driving record. My question is, we have $2400 left on the insurance premium to pay off. Would ya’ll leave it as is, or would you dip into your vacation savings to pay off the premium in full, and then just make double the savings contribution which would allow you to meet your goal about 2-3 months early?  

Answer 1

If you don’t mind me asking, what insurance company do y’all go through? I have a few family members and friends who have terrible driving records and ended up with a cheap, but still good insurance through Geico

Comments

@enchant32 I go through liberty mutual, Geico wanted 600/month . Every year around my renewal time I shop around for cheaper insurance so that I can get all of the new policy discounts lol!  

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@alvarado66 I live in south Texas, I go through a brokerage company. They do all the comparison shopping for me

Answer 2

Join the fb group Ways to Save for Disney, it’s all the same (and better and legal) info you’ll find in other groups that are charging for the info. They’re great!  

Comments

@broadside thank you so much! I lll follow now!  

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@broadside yes! This is where she got most of her info  I’m a bit salty  

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@ahoy98 yeah I figured as much when I read the rules of the page. That’s so crazy that someone chose to make a living off of someone else’s good intentions  

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@alvarado66 Disney is cutthroat!  best of luck with your trip! I’m a Disney freak and go often so if you have any questions, just post them here!  

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@ahoy98 yeah, that lady is a nut job, but I wasn’t going to put that out there.  

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@broadside what lady!? I’m in smart moms plan Disneyland and I’m curious now.  

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@ahoy98 LoL thank you!  

Answer 3

No interest in insurance monthly? Then keep it. Monthly re-evaluate next term.  

Answer 4

Is there a benefit to paying it off early? (Are they charging you a per payment fee or something like that? ) If not, i wouldn't pay it off. If it'll save you some money somehow then go for it

Comments

@gramarye they charge $6 per payment for a processing fee! Also, by paying them off now, I’d be able to put that $300 extra into my Disney fund savings. Which would allow me to meet my goal a couple of months earlier than intended. You know, I believe I just answered my own question. I think I just needed to write it out first to fully get it  

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@alvarado66 sounds about right! Lol! You go girl!  

Answer 5

Use a planner for your trip, services are free! (Not just saying that because I am one, I used the woman who is now my boss for our trip and it was amazing to not stress over everything) If you can do it, and still have the money saved for the March 2021 trip, do it! It’s stress off your mind and more money you can put into the trip or other bills