CHAPTER ONE:
Let’s Get Started
How to set up the accounts you’ll need
Time to Complete: 30-60 Minutes
Summary
In this step, here’s what you will do:
Open a Disney Vacation Account
to set you up to earn up to $100 in Disney Gift Cards.
Establish a "Magic Fund" (your new savings account)
and you’ll earn $25 in free cash at the same time!
Apply for Target RED Card (Debit Card)
so you can save big later. You’ll see…
Step 1: Open Disney Vacation Account & Deposit $10
EXPECTED BONUS
What is it?
Disney created a “savings account” to encourage people to save for Disney vacations.
The Perks
You will get a $20 Disney gift card for every $1000 you use from your DVA to pay for a Disney Cruise. (We will do the “payoff” step later in the process.)
In order to earn the perks for a DVA, it must be open for 120 days. That’s why you should open it as the first step.
Rest assured
- All amounts in your DVA are fully refundable.
- You may close your account at any time.
- Disney does not impose an expiration date on the amounts in your account.
- There are no fees for the maintenance or use of the DVA.
What to do?
- Go here and create a new Disney Vacation Account.
- Deposit $10 only. That’s all; no need to deposit more at this time.
THE BOTTOM LINE
You will earn $100 in Disney gift cards for paying for a $5000 Disney Cruise with your DVA.
Open DVA Now with $10
Let's do this. We're on our way now.
Done? Good work!
Now let’s do the next one…
Step 2: Open a New Savings Account Called a “Magic Fund”
EXPECTED BONUS
What is it?
A “Magic Fund” is a savings account set aside just for your Disney Cruise savings.
Keep your Magic Fund separate and apart from your checking or other savings.
Why have a separate account?
By setting up a separate account, you’ll be able more easily watch your Magic Fund grow. And if you’re involving the whole family, you can easily show them the account balance from time to time as you watch your progress.
Why I Use Capital One 360
Personally, I like Capital One 360 because:
And best of all, if you are a new Capital One 360 customer they’ll give you $25 cash bonus after you make an initial deposit of $250.
What to do?
- Go here and create Capital One 360 account.
- Deposit at least $250 from a non-Capital One bank account.
THE BOTTOM LINE
If you are a new Capital One 360 customer they’ll give you $25 cash bonus after you make an initial deposit of $250.
Open Capital One 360 "Magic Fund" Account Now
Make an initial deposit of $250 when creating the account.
Free cash!
That was easy, right?
Next…
Step 3: Open the Target REDcard (Debit)
EXPECTED BONUS
What is it?
The Target REDcard saves you 5% on Target or Target.com purchases of all gift cards, including Disney Gift Cards.
Later, after you have saved up enough for your deposit (20% of your cruise), you will use this REDcard debit card to purchase Disney Gift Cards at Target.com.
Then, you’ll use those gift cards to pay your initial deposit via your DVA.
Things to know
- No set up charge
- Zero fees
- Connects to your personal checking account
- Transactions are processed like checks.
What to do?
- Go here and apply for a Target REDcard Debit card.
THE BOTTOM LINE
If you are a new Capital One 360 customer they’ll give you $25 cash bonus after you make an initial deposit of $250.
Open Target REDcard Debit Card Now
You'll use this to save 5% on Disney gift card purchases (which we will use to pay for the cruise).
Done? Nice work.
Next I’ll teach you about the timing and how to accomplish the next big milestone: save for your cruise deposit.