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18% of families are in debt to go to Disney: Prepare for these surprise expenses to avoid this

by
February 2, 2023
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Disney World Stock, Lake Buena Vista, USA - August 12, 2020

Charles Sykes / Invision / AP / Shutterstock.com

Disney World is a popular vacation destination for families across the United States, but it’s expensive. Standard his one-day theme park tickets start at $109 for guests ages 10 and up. That means a minimum of $436 for a family of four to visit The Most Magical Place on Earth.

Learn: How to use mobile banking apps safely
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MORE FROM YOUR MONEY: Choose a high-interest savings, checking, CD, or investment account from our list of top banks and start saving today.

With the cost so high, it’s no wonder many families find it difficult to spend a Disney vacation.A recent LendingTree survey found that 18% of Disney visitors make one or more I found out that I borrowed money on my trip. And 8% of those with Disney debt said it would take more than a year to pay off.

Before committing to a trip to Disney, it’s important to understand how much it will cost TRUE There are no costs involved, so you won’t be in debt in the process. Here are some of the costs you should be prepared to pay beyond the advertised ticket price.

Prepare to spend more on theme park tickets

Disney advertises ticket prices starting at $109, but according to LendingTree’s analysis, ticket prices are rarely that low. In fact, from November 2022 he can only buy tickets at that price for 20 days until October 2023. Our analysis found that the actual average ticket price was $141.74. Cost based on the advertised starting ticket price.

Based on this disparity, it’s no surprise that 48% of those in debt for their Disney trip told LendingTree that the ticket cost was significantly higher than expected.

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Other expenses to prepare

Park admission is just one of the many costs you need to budget for when planning your trip to Disney. Of those who are in debt on their Disney trip, more than one in four said that the cost was significantly higher than originally planned.

  • Eating and drinking in the park (56%)
  • Accommodation (41%)
  • Travel gas (37%)
  • Souvenir (30%)
  • Airfare (26%)

Other costs to be aware of include other transportation costs, food and beverages outside the park, Fast Passes and other add-on park experiences.

How much will a trip to Disney cost in 2023?

According to Disney’s blog Mouse Hacking, the base price for a Disney World vacation in 2023 for a family of four consisting of two adults, one child ages 10 and up, and one child ages 3-9 is $6,320 or $316 per person per night. Let’s see how this breaks down:

  • Round trip flight: $1,040
  • Round trip transportation from airport: $130
  • Five-night hotel stay at Pop Century Hotel: $1,268
  • 5-day ticket: $2,183
  • 2-day Genie+ pass: $172
  • Food and drink: $1,527

MORE FROM YOUR MONEY: Choose a high-interest savings, checking, CD, or investment account from our list of top banks and start saving today.

How to avoid Disney debt

A Disney vacation can be a big expense, but with careful planning, you can have a memorable trip without drowning in credit card debt later. Here are some ways to save money on your trip to Disney.

Stock up on discounted Disney gift cards. You can find discounted Disney Gift Cards at Sam’s Club, online discount gift card exchanges, and more. These gift cards can be used to purchase park tickets or for in-park purchases such as souvenirs.

Visit in the off season. “For Disney World, that might mean going in January or September, which may not seem ideal weather-wise, but let’s be honest, we’re literally saving cash on the trip.” It may be a small price to pay to save,” DealNews consumer analyst Julie Ramhold.com told GOBankingRates. “With inflation and travel demand so high right now, booking in the off-season may be more important than ever if you need to save money.”

Please bring water and snacks. Keep a water bottle and snacks in your bag to save money on drinks at the park.

Look for coupons and other offers. “Using websites such as Offers.com and RetailMeNot, [get you] It’s a coupon you can use to save money on a trip to Disney World,” Mackenzie Shand, shopping expert at Offers.com, tells GOBankingRates. “General purchases, hotel and even ticket discounts are just a few of the things you can easily save money with coupons. [sites]”

Learn more about GOBankingRates

Nicole Spector and Heather Taylor contributed reporting for this article.



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