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Paying deposits in advance?


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#11 ErinB

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    Posted 24 March 2008 - 01:22 PM

    I would at least pay the deposits and wait for the balance. I went ahead and paid my resort off, so now as checks come in, I get re-imbursed from the travel agent. This way, we'll have a "cushion" right before we leave.

    I was worried about spending the money on stuff I really didn't need. I also wanted to have a realistic idea of what our budget would be for our AHR. Though is was nice to have a balance with that many zeros! I don't think it will ever happen again! LOL

    #12 Spazz

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      Posted 24 March 2008 - 01:27 PM

      I got antsy waiting to pay mine too. I could have paid it off months ago, but have been holding off on it so it can earn interest. I have my entire wedding fund in an ING account, so the longer it sits there, the more money I earn. Our last payment is due April 1 and I am sending it in this week.

      #13 BarefootBride

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        Posted 24 March 2008 - 09:48 PM

        Im paying mine off before hand too! It feels so much better!

        #14 BarefootBride

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          Posted 24 March 2008 - 09:51 PM

          Quote:
          Originally Posted by Lizz
          I got antsy waiting to pay mine too. I could have paid it off months ago, but have been holding off on it so it can earn interest. I have my entire wedding fund in an ING account, so the longer it sits there, the more money I earn. Our last payment is due April 1 and I am sending it in this week.
          I had an ING account too... It took over Netbank and gave me this great interst rate and then I tried to log on and had to call customer service and they told me that I couldnt have an account if I am overseas! (you have to have a real home phone number - skype wouldnt work) that was crock! Anyways, I feel pretty sad because they pretty much dont support Americans overseas or better yet the military and government workers!

          #15 rodent

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            Posted 24 March 2008 - 10:20 PM

            even the high interest accounts are fairly low right now (~3%) with all the recent fed fund rate cuts. If you think you will spend it if you don't pay the deposit now,go ahead & pay.

            #16 -Kate-

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              Posted 24 March 2008 - 10:25 PM

              I'm like you - if it's there I'll spend it. I paid off tangibles asap - my dress, OOT bag stuff, etc. I paid the deposit for services asap but held off final payment until I got to Mexico.

              #17 becks

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              Posted 25 March 2008 - 04:07 PM

              I just checked bankrate.com, and the best 3-month CD offered right now is at GMAC bank in PA. It earns 3.44% APR, 3.5% APY. So, let's say you put $10,000 in, you'll earn about $87 in interest between now and 3 months from now. Not that much, really. Seems to me if you're afraid you're going to spend it, just prepay your balances.

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              #18 Alyssa

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                Posted 25 March 2008 - 10:33 PM

                wow girls things happen for a reason - i am so glad i DID NOT send in any advance deposits - check out this thread http://bestdestinati....979#post314855




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