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Daily Spending Money
For the longest time I have a debit card for my checking account. I really just didn't trust myself with one (remembering to make a record of when I used it, not spending too much, etc.).
So, when we would make our Disney trips, I would make an envelope for each day and put in the cash the I had budgeted for that day. In most cases that would be fourteen envelopes with cash for food and misc. My budgeting for these trips is really a bit on the fat side, so most of the time I would have daily money carrying over to the next day. Like day five envelope would have $70 in it and I would still have $70 in my pocket from day four.
This system has really worked out great. Towards the end of the trip when we go to pick up a few souveniers, we have a healthy wad of leftover money.
I finally buckled and got me a debit card a couple of years ago, but it is staying in my pocket. The daily envelope system has worked out great for us, and I still haven't grown up enough to trust myself with a debit card in the parks.
Anybody else have trip budgeting systems that they stick to?
JR
'86 Ramada Inn somewhere in Orlando :P
'95 All Star Sports
'00 All Star Music
'03 Fort Wilderness
'06 Fort Wilderness
'07 Animal Kingdom Lodge
'09 Fort Wilderness
'12 All Star Movies
'13 Pop Century
'14 Fort Wilderness
'15 Fort Wilderness
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We would bring Disney $$, & hand them out to the kids for each days food allowance. It was amazing how, when they had an amount to budget, they got real careful about ordering soft drinks, and the biggest ... As for the grownups, we just keep receipts and tally after using the charge card.
nicci
1975 Off Site
1993 Dixie Landings
1995 Dixie Landings
1999 ASM
2004 CSR
2006 ASM
2007 CBR
2009 CBR
2019 CBR
DL 1971 to now - too many times to count, DL AP holder & Disney stockholder
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Originally Posted by JRocker
So, when we would make our Disney trips, I would make an envelope for each day and put in the cash the I had budgeted for that day. In most cases that would be fourteen envelopes with cash for food and misc. My budgeting for these trips is really a bit on the fat side, so most of the time I would have daily money carrying over to the next day. Like day five envelope would have $70 in it and I would still have $70 in my pocket from day four.
Anybody else have trip budgeting systems that they stick to?
I have always done the same thing. I have always worried I would run out of my money too early. The way I figure out how much money to budget for each day is, (1)If it is a park or non park day (2) Where we are eating at, (3) Any special events ie-MVMCP I allow myself extra money for those events (4) Extra money just for water and powerade.
I always end up "rolling" money over from one day to the next, Because I spend it more carefully if I have an exact amount saved for that day. I usually have a good amount of money left over after the trip also, which is a nice plus!
Next Trip-Jan 2012 POFQ! & 2nd DCL! Sailing To The Caribbean!
Previous Trips
12/'10 CBR & 1st DCL
12/'09 CBR
12/'08 *1st On Property*- POFQ
12/'07 *1st Christmas Trip*
04/'06 1st trip back
11/'91* 6 yrs old, My 1st Trip To WDW*
șoș "Let Us Not Forget,It All Started With A Mouse" șoș
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I would seriously consider the debit card, or a credit card for a trip. If that money gets lost or stolen, you're up the proverbial creek. While I admire the fact that people don't want to use debit/credit cards, there are just so many advantages to it. The money comes right out of your checking account (debit card), so if you do break the rules, you're only hurting yourself. Knowing that should be enough to keep you in line. While I don't like credit cards, sometimes they just are a necessary evil. And honestly, as long as it's paid off each month, I don't see any problems with them. Once you start to carry a balance, and accept that you will, you're done for.
We do bring a little cash with us. We don't let it ride though. Anything not spend that day just stays in the account.
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Daily Spending Money
Do you recommend a Disney gift card for kids? I am worried about cash and my kids loosing it.
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Daily Spending Money
My first visit to Disney, I used the envelope method and carried over the money I did not use that day into the remaining envelopes, worked great. The last time I visited, I used a debit and credit card. I probably spent twice as much. I would vote for the envelopes. I would take an envelope with me for the day and put the other ones in the safe in the room.
Jen
Massachusetts
October 1995 - Carribean Beach
November 2007 - All Star Movies
August 2016 - All Star Music/Port Orleans Riverside
August 2019 - All Star Music/Polynesian
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The DW and I would always bring travelers checks, with half in her name and half in mine. Very seldom did we use even half of her's. Another thing I do that drives DW crazy is that I never spend singles ($1 bills). At home I put them in a jar and save them to deposit in savings at a later date for a future trip. Since our trip in December, I have saved $300 in singles for our trip in 13 days...
1986 and 1991 offsite
1998,2000,2001,2003,2004,2006,2008 movies
1999, 2002 sports
2005, 2007, 2009, 2011 pop
2008 Riverside (Christmas Parade)
2010 CB (25th anniversary)
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I like the envelope idea. For my DS6 I am doing the gift card and disney dollar idea. Thanks for he tips.
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Originally Posted by Missy_Mouses_Dad
The DW and I would always bring travelers checks, with half in her name and half in mine. Very seldom did we use even half of her's. Another thing I do that drives DW crazy is that I never spend singles ($1 bills). At home I put them in a jar and save them to deposit in savings at a later date for a future trip. Since our trip in December, I have saved $300 in singles for our trip in 13 days...
Not sure how you manage to accumulate singles with a teenage child...mine are constantly hitting me up for a couple dollars here or there.
There's a great big beautiful tomorrow
CR 74, 7, 11 Offsite 79,80,98,00,8 (2) Sports 94 DD 02 AKL 05, 08 AKLV 8 WL 6, 10 POP 07, 13 Movies 08 CBR 08 Swan 08 POFQ 08,11 CSR 08,13 FWC 09,13 Music 09 SSR-Tree 09 POR 10 12 Poly 10 (2) YC 10, BC 10, GF 10, AoA 13, OKW 13, Dream 11, next fwc 1/2014
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If that money gets lost or stolen, you're up the proverbial creek.
Not if I'm prepared for it, with money available through credit cards or debit.
I'm sorry, I can't live my life being frightened of "if's".
You could say I would be up a creek if I lost <x>, or if <x> was stolen. If I let any of those fears get in my way, I would just stay at home locked up in my closet. I prepare for such occurences, but they will not rule my life.
JR
'86 Ramada Inn somewhere in Orlando :P
'95 All Star Sports
'00 All Star Music
'03 Fort Wilderness
'06 Fort Wilderness
'07 Animal Kingdom Lodge
'09 Fort Wilderness
'12 All Star Movies
'13 Pop Century
'14 Fort Wilderness
'15 Fort Wilderness
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Originally Posted by jusandnew
Do you recommend a Disney gift card for kids? I am worried about cash and my kids loosing it.
I guess it depends on the age of your kids, but I loved having gift cards to hand out for lunch or if we were going to separate for a while during the day. I kept a tiny sharpie marker in my bag and wrote the remaining balance on the cards so we knew what we had left. The balance is always shown at the bottom of your receipt.
Sainter
Oct97 AS Sports/Trop Palms
Oct00 AS Sports/4 Pts Sheraton
Oct01 Condo Nov02 POR/Calypso Cay
Oct 03 POR Nov04 Pop
Oct05, Mar07, June08 POR
Mar09 AS Sports, Sept09 POR
Mar11 Pop/CSR, Jan12 AS Sports
Oct12 POR/CB, Oct14 OKW
Sep15POFQ, Oct16 Pop/POR
Sep17 AKL
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Originally Posted by JRocker
Not if I'm prepared for it, with money available through credit cards or debit.
I'm sorry, I can't live my life being frightened of "if's".
You could say I would be up a creek if I lost <x>, or if <x> was stolen. If I let any of those fears get in my way, I would just stay at home locked up in my closet. I prepare for such occurences, but they will not rule my life.
I think what they were trying to say is that if you lose cash, you can bet you aren't getting it back. Whereas if you lose a debit or credit card, you can cancel them. If they're used, than you're only liable for a small amount, if any at all. I'm not sure about the gift cards, but you might be able to get a replacement with whatever amount was on it.
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I cant think of budgets when I am at WDW. I worry about after I get home!!
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We're good with budgeting, so we simply use our charge card when on vacation and pay the bill in full when it arrives. I completely understand that this may not work for all people. I think putting your daily allowance in an envelope is an excellent idea. Of course you could lose it, but as you said any number of things "could" happen. And you're only carrying around money for 1 day, not hundreds of dollars for the entire stay. I think it is great that you have a system that works and prevents you from living above your means.
We give our children an "allowance" while at Disney. We don't give them cash or gift cards, we simply tell them what they are allowed to spend. We take a day to go shopping and once they have spent their allowance, they're done. Things can get completely out of control if you don't put some thought into these things ahead of time.
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Originally Posted by JRocker
Not if I'm prepared for it, with money available through credit cards or debit.
I'm sorry, I can't live my life being frightened of "if's".
You could say I would be up a creek if I lost <x>, or if <x> was stolen. If I let any of those fears get in my way, I would just stay at home locked up in my closet. I prepare for such occurences, but they will not rule my life.
I am like you, I have never had a problem losing the money or it getting stolen. That doesn't even enter my mind that much as far as something valid I should worry about.
Originally Posted by princessesmom
And you're only carrying around money for 1 day, not hundreds of dollars for the entire stay. I think it is great that you have a system that works and prevents you from living above your means.
Exactly, I only carry around that days money and I leave the rest in a safe and secret spot where no one would find it. And if I do happen to lose that day's money it isnt a huge amount.
I have never lost money or had it stolen while using the "envelope" system. It makes it much easier for me to keep track of what I have for that day.
Besides, I am too busy worrying about what ride or show to do next, to have to worry about spending too much money one day
I still have a debit card and credit card that I can use if I ever needed extra money in an emergency. It's not like I rely solely on cash. It just makes it easier on me to have each day's worth of cash available in an envelope. Plus when I am visiting some other places out side of the "world" some places are alittle sketchy and I don't trust using a debit or credit card there, So It helps to have the cash on hand
Next Trip-Jan 2012 POFQ! & 2nd DCL! Sailing To The Caribbean!
Previous Trips
12/'10 CBR & 1st DCL
12/'09 CBR
12/'08 *1st On Property*- POFQ
12/'07 *1st Christmas Trip*
04/'06 1st trip back
11/'91* 6 yrs old, My 1st Trip To WDW*
șoș "Let Us Not Forget,It All Started With A Mouse" șoș
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I bring cash and my debit card. I am one that likes to have a back up..don't like to put all my eggs in one basket. I am not very good at budgeting on my WDW trips, honestly. Money goes out much faster than I would like. We always spend more than planned. It all adds up so quickly.
Lisa
Multiple visits over Multiple years
30 plus stays at Disney's Polynesian resort
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I don't think that they make envelopes BIG enough for how much I am capable of spending in a day. I might just consider the envelopes for my next trip. Think of all the money I could save. Okay, I considered it........don't think I could do it.
I would be afraid that I would lose them. We actually use Travellers Cheques as being Canadians we have to exchange our money. Do they still have travellers cheques?
2-18 May 2011 POFQ
2-14 May 08 POFQ 20th Anniversary Amazing weather
5 -21 Dec 07 POFQ Fabulous weather
26 Apr-16 May 06 POFQ - AWESOME. 20 days SUNSHINE
27 Apr-10 May 05 POFQ
04-11 May 00 POFQ 1st Trip We're hooked!
Disneyland 12-19 August 09 Grand Californian - Amazing Place
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We bring cash for walking around the park, and all purchases, meals and substantial expenses go on the Amex (where we get up to 3% back). Also, and hopefully this is never an issue, buying on a credit card gives you some protection against theft, in case someone grabs a bag of souvenoirs out of your stroller or something (that's never happened to us, thank God).
We don't really do a daily limit, but I have an idea what I want to spend on the trip, and we rarely go over ... but then again, I set a pretty big limit. I've always been of the school that when we go on vacation, we go large. Fewer vacations but better ones ... that kind of thing.
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I hate dealing with cash, but I'm also good at controlling my spending even while using credit cards.
We typically use a reward credit card, either AMEX or Disney Visa, and pay the bill in full when it arrives. I also like the convenience of charging everything with my room key.
We don't do the DDP because it doesn't make sense for our family--we like to eat smaller meals and often share.
On our last week-long trip, DS (9) and I received a $200 gift card at check-in. Between that and our Disney Visa rewards, we didn't spend anything extra. We budgeted $50/day for food and shopping and we had $$ left over for a shopping spree on our last day.
It was wonderful coming home and knowing I had already paid for the whole vacation!
Tess
poly07
poly08
pop09
popChristmas09
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Originally Posted by JRocker
For the longest time I have a debit card for my checking account. I really just didn't trust myself with one (remembering to make a record of when I used it, not spending too much, etc.).
So, when we would make our Disney trips, I would make an envelope for each day and put in the cash the I had budgeted for that day. In most cases that would be fourteen envelopes with cash for food and misc. My budgeting for these trips is really a bit on the fat side, so most of the time I would have daily money carrying over to the next day. Like day five envelope would have $70 in it and I would still have $70 in my pocket from day four.
This system has really worked out great. Towards the end of the trip when we go to pick up a few souveniers, we have a healthy wad of leftover money.
I finally buckled and got me a debit card a couple of years ago, but it is staying in my pocket. The daily envelope system has worked out great for us, and I still haven't grown up enough to trust myself with a debit card in the parks.
Anybody else have trip budgeting systems that they stick to?
I do the EXACT same thing! And on the front of the envelope I write down the schedule for the day, along with the ADR ressie numbers and times. Helps keep us focused and not to over spend. Also, it helps our kids see that they have just that set amount of money to buy a souvenier.
"Girls, come on. Leave the saving of the world to the men? I don't think so."
- Elastigirl
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