Monthly Payment Plan

[BuddyThomas]

The method of payment is irrelevant, which is what you are missing. Being able to pay cash does not mean actually using or preferring to use actual dollar bills to make payments. It means one already has the money available, that the credit card can be paid off without accruing interest. This whole issue is over a statement that one should be able to afford a vacation before taking the vacation.


You've just made it clear that you don't seem to really know what you are talking about. You just said that you use checks and debit cars to pay for your vacations; that means you are one of those awful, elitist people who can pay at once. It has nothing to do with wealth or being able to go on a whim. Saving up money isn't elitist or wrong.

Don't tell me I don't know what I am talking about. Have you even bothered to read this entire thread? Are you being purposely dense? I have never paid for a Disney trip all in one shot. I have to make payments. Monthly - bi-weekly, or whatever. I put down a deposit and pay the rest off over time. Thus, according to the great chef, I am not entitled to go. I'm also not entitled to a car, or a college education. I must pay all in one shot. If i can't pay all at once, I cannot afford to go and don't deserve to go. Elitist garbage.

 

["El Gran Magnifico"]

The method of payment is irrelevant, which is what you are missing. Being able to pay cash does not mean actually using or preferring to use actual dollar bills to make payments. It means one already has the money available, that the credit card can be paid off without accruing interest. This whole issue is over a statement that one should be able to afford a vacation before taking the vacation.

So what you are saying is that if someone has $4500 saved toward a vacation that costs $5000....and decides to put the remaining $500 on a credit card...and they have budgeted to pay off that $500 (plus whatever interest that $500 accrues) over say a 3 month period. You don't feel they are entitled to go on that vacation.. I want to make sure I am understanding you correctly. Because if that is your position...it is completely asinine.

 

[lazyboy97o]

Don't tell me I don't know what I am talking about. Have you even bothered to read this entire thread? Are you being purposely dense? I have never paid for a Disney trip all in one shot. I have to make payments. Monthly - bi-weekly, or whatever. I put down a deposit and pay the rest off over time. Thus, according to the great chef, I am not entitled to go.

You again just admitted to doing what you say is so awful. You get all of the money together beforehand, you've just opted to put it aside with Disney instead of your bank account. You pay for your vacations on layaway, not through debt.

So what you are saying is that if some has $4500 saved toward a vacation that costs $5000....and decides to put the remaining $500 on a credit card...and they have budgeted to pay off that $500 (plus whatever interest that $500 accrues) over say a 3 month period. You don't feel they are entitled to go on that vacation.. I want to make sure I am understanding you correctly. Because if that is your position...it is completely asinine.

Entitlement has nothing to do with it. What I will not do is call it a financially wise choice nor is it something I would ever encourage. A vacation can wait a few more months or measures can be taken (stay off site, drop a day, not eat table service, etc.) so as to reduce the cost of the vacation. Not to mention that something else more serious could occur in those three months that would demand those funds.

 

[Chef Mickey]

Thanks for this, but who said anything about taking out a loan to go on vacation? The great almighty Chef said that the only people who deserve to go to Disney are the ones who pay for the whole thing upfront in one shot. It's all right above, and it is disgraceful. If I had to pay for an entire Disney trip in one shot, I would never have been one single time.

If you're going on vacation instead of paying down debt, you effectively are taking out a loan to go on vacation. Vacation should be down the list of financial priorities. Once you're out of debt, you'll save money so fast, you can pay for your vacation in one payment.

 

[BuddyThomas]

You again just admitted to doing what you say is so awful. You get all of the money together beforehand, you've just opted to put it aside with Disney instead of your bank account. You pay for your vacations on layaway, not through debt.


Entitlement has nothing to do with it. What I will not do is call it a financially wise choice nor is it something I would ever encourage. A vacation can wait a few more months or measures can be taken (stay off site, drop a day, not eat table service, etc.) so as to reduce the cost of the vacation. Not to mention that something else more serious could occur in those three months that would demand those funds.

You are either not understanding the previous conversation that the chef and I had on this issue, or you are pretending not to, just to be argumentative. He said that if someone cannot pay for their entire vacation upfront "in one shot", then they do not deserve to go. He also said the same about college and cars which is the height of elitist arrogance, but just dealing with the basic issue, again, I have never paid for an entire vacation up front all at once, and I do not know anyone who has ever done so. Therefore, according to the chef, I do not deserve to go. I still don't know what you've jumped in here for, but whatever. I'm done with this conversation. Life is too short.

 

["El Gran Magnifico"]

I'll stand by my original statement and feel your position is naive and misguided. Everyone is entitled their own opinion though, even you.

I don't subscribe to it and my guess is I'll be in the majority with that opinion.

 

[BuddyThomas]

If you're going on vacation instead of paying down debt, you effectively are taking out a loan to go on vacation. Vacation should be down the list of financial priorities. Once you're out of debt, you'll save money so fast, you can pay for your vacation in one payment.

I've got a great idea. Why don't you mind your own business and just worry about your own trips and quit carping about everyone else.

 

[lazyboy97o]

He said that if someone cannot pay for their entire vacation upfront "in one shot", then they do not deserve to go.

That does not mean being able to just pay on a whim. It means saving up to pay. After you save up, you could then pay "in one shot."

I'll stand by my original statement and feel your position is naive and misguided. Everyone is entitled their own opinion though, even you.

I don't subscribe to it and my guess is I'll be in the majority with that opinion.

What is misguided about saving up for large expenses instead of going into debt? And yeah, maybe the majority of Americans subscribe to it, but it is also why Americans on average have no savings and massive credit card debt.

 

[Chef Mickey]

As to your first point. Yes. Everyone does deserve a vacation. Be it Disney or on a beach in Hawaii. If you want to mimic Joseph Stalin, go live there. People finance houses, finance cars, finance a college education, a wedding, a batmitvah, etc...and yes, believe it or not they finance vacations. Because of the fact that someone finances something does not mean they are morally or financially bankrupt. ...to suggest so, is ignorant.

Should someone living within the circumstances you present, spend $5,000 on a luxury vacation at Disney? Probably not. But there are economical ways to go on vacation. Believe it or not, there are people who pay their credit card debt off in full every month and do not pay interest and carry no balance. There are many others who pay it off over the course of a few months and are financially responsible.

Guess why I pay monthly payments on my AP pass? #1 there is no interest. #2 the website doesn't take cash. Why pay $800 at one pop, if I'm not being charged interest on the purchase and don't need to do so. You may want to be parted with your money quickly...I don't. And I end up paying the same amount as you do. You just give them your money quicker, which I would argue leaves you with less to invest or make interest off. Your way to me seems financially irresponsible.

Read the thread. I've already said that if you pay for the AP to take advantage of the no interest, go for it. I said that if you rely on monthly payments to actually afford it, you really can't afford it.

I use a credit card for every single purchase possible, because I get miles and never carry a balance. I went to Wharton and fully understand the concept of interest.

I also understand the psychology of finance and the American mentality of monthly payments. Most people aren't like you and me. They aren't making monthly payments bc they invest or are taking advantage of 0% interest...they do it because it's the only way they can afford it.

I can't take you seriously if you actually think people deserve a vacation...I mean, LOL!!

You make it sound like all the financing that goes on is OK because that's just what everyone does. Americans are easily among the most financially illiterate people that also have the ability to get a loan. They constantly get into situations they don't even fully understand, make payments on things like a vacuum cleaner, and will never be out of debt. Psychologically, if you're buying things like candy apples from QVC on 5 Easy Monthly Payments, you're in trouble even if there is no interest.

I stand by what I said....if you're relying on the monthly payment option to afford it, you can't.

You're also financially irresponsible if you have outstanding car loans, student loans, and credit card debt while going on any vacation.

 

[Chef Mickey]

I've got a great idea. Why don't you mind your own business and just worry about your own trips and quit carping about everyone else.

It's not like you're required to read my posts. Take your own advice and ignore m. Trouble for you is, I'm objectively correct and you don't like it. Finance is a cruel thing and people don't like what numbers say, but they don't lie.

 

[Chef Mickey]

So what you are saying is that if someone has $4500 saved toward a vacation that costs $5000....and decides to put the remaining $500 on a credit card...and they have budgeted to pay off that $500 (plus whatever interest that $500 accrues) over say a 3 month period. You don't feel they are entitled to go on that vacation.. I want to make sure I am understanding you correctly. Because if that is your position...it is completely asinine.

If you can't afford the $500 and need to put it on a credit card that accrues interest, you can't afford to blow the $4500, even if you have the cash.

 

[Chef Mickey]

I don't even know why you are jumping in here. This guy has started multiple threads about how Disney should double the price of admission to keep the riff-raff out, and other similar nonsense . There are serious elitist issues at play there, and now, he has incredibly said that only those who can pay for the entire trip in one shot deserve to go. That is absolutely outrageous. I'm not talking about loans or credit, although if someone chooses to go to Disney using those methods, that is nobody's business but their own. This concept that only the wealthy should be allowed in is the lowest of all garbage.

Misleading, totally simplified perspective of what I've stated. I said they have to keep crowds at a minimum so the experience doesn't decline. More people = more idiots and more stress. Disney has already shown you they are not only willing to increase prices, but even discuss demand based pricing...something I discussed before it was even news.

Disney is VERY concerned with the quality of their product and know it's directly correlated with the number of people allowed in the parks.

 

[BuddyThomas]

Read the thread. I've already said that if you pay for the AP to take advantage of the no interest, go for it. I said that if you rely on monthly payments to actually afford it, you really can't afford it.

I use a credit card for every single purchase possible, because I get miles and never carry a balance. I went to Wharton and fully understand the concept of interest.

I also understand the psychology of finance and the American mentality of monthly payments. Most people aren't like you and me. They aren't making monthly payments bc they invest or are taking advantage of 0% interest...they do it because it's the only way they can afford it.

I can't take you seriously if you actually think people deserve a vacation...I mean, LOL!!

You make it sound like al the financing that goes on is OK because that's just what everyone does. Americans are easily among the most financially illiterate people that also have the ability to loan money. They constantly get into situations they don't even fully understand, make payments on things like a vacuum cleaner, and will never be out of debt.

I stand by what I said....if you're relying on the monthly pay,net option to afford it, you can't.

You're also financially irresponsible if you have outstanding car loans, student loans, and credit card debt while going on any vacation.

If this is the kind of outrageous elitist garbage you post on a family friendly Disney board, then I can only imagine what kind of toxic vomit you are spewing on the various political boards out there.

 

[Chef Mickey]

If this is the kind of outrageous elitist garbage you post on a family friendly Disney board, then I can only imagine what kind of toxic vomit you are spewing on the various political boards out there.

I have no interest in politics and only post on a BMW forum besides this one, but that's only bc BMWs need a lot of maintenance. We just talk cars.

You're just taking it as elitist and only rich people can think like me. I don't consider myself rich....its relative.

This is finance 101....not even finance really, just basic budgeting.

 

[BuddyThomas]

Misleading, totally simplified perspective of what I've stated. I said they have to keep crowds at a minimum so the experience doesn't decline. More people = more idiots and more stress. Disney has already shown you they are not only willing to increase prices, but even discuss demand based pricing...something I discussed before it was even news.

Disney is VERY concerned with the quality of their product and know it's directly correlated with the number of people allowed in the parks.

It's not misleading, not simplified. I specifically remember questioning you about those toxic posts multiple times and each time you confirmed that my interpretation was accurate. No reason to start backtracking now.

 

[lazyboy97o]

If this is the kind of outrageous elitist garbage you post on a family friendly Disney board, then I can only imagine what kind of toxic vomit you are spewing on the various political boards out there.

Politics has nothing to do with it. Debt is a serious problem that is destroying people's lives.

 

[BuddyThomas]

Politics has nothing to do with it. Debt is a serious problem that is destroying people's lives.

Thank you, Suze Orman.

 

[Chef Mickey]

It's not misleading, not simplified. I specifically remember questioning you about those toxic posts multiple times and each time you confirmed that my interpretation was accurate. No reason to start backtracking now.

You're just taking one aspect out of context, but yes, doubling prices would be a good start because it would improve the experience. Has nothing to do with keeping any economic segment out...it's the reality of the situation.

 

[Chef Mickey]

Thank you, Suze Orman.

Call him Suze Orman or Dave Ramsay, whatever. Those people don't have to say it to validate its truth. It IS destroying America because we are owned by China, our people can't understand basic finance and our government not only wastes the taxpayer dollars, they print money in the trillions to pay for failing govt programs and entitlements.

 

[BuddyThomas]

Call him Suze Orman or Dave Ramsay, whatever. Those people don't have to say it to validate its truth. It IS destroying America because we are owned by China, our people can't understand basic finance and our government not only wastes the taxpayer dollars, they print money in the trillions to pay for failing govt programs and entitlements.

Whether or not that is true, it has nothing to do with this conversation. You said that if someone cannot afford to pay for a vacation all in one shot, they do not deserve to go. Actually, I asked you to clarify if that is what you meant, and you confirmed it. If everyone had to pay for their entire trip up front, the entire park system would be empty, which would obviously be your dream come true, but it is not the reality of most Americans. And on that note, I am out. Have your little elitist last word, whatever it may be. I won't be reading it. Good night.