I think that really depends on your travel habits. Things to consider are:
- Is there a particular time of year that you need to travel?
- Will you be using your points every year - or is once every two or three years often enough?
- What sort of accomodations do you believe you will need?
- Do you need to be able to reserve 11 months out, or will 7 get the job done?
Once you have a handle on those answers then it becomes a whole lot easier. We started out with 150 pts in 1999. when the boys hit school and going during January and October wasn't an option any longer. We added on a second contract to bring the total to 282. (Same home resort, same use year - why make things complicated?) That's enough for a 2-BD during the low and "off" season. Fortunately, school doesn't start until after Labor Day, and all the "summer camps" around here end in mid-august. So, we're pretty tied to family vacations the last two weeks of August. (Handy that, for this cruise.) Which tied nicely to the "off" season at the WDW resorts. So, 282 seems to be working for us.
We still don't go every year. Used up two years worth of points on
DCL last year. (Will rent those points instead of using them on DCL from now on.) Took a week in Vegas on an exchange one year too. With a trip to WDW and a cruise in 2006, 10 days at WDW in 2007, and this cruise in 2008 - we'll probably be Disney'd out for a year or two after that.
(Blasphomy! Make her walk the plank!) So, we'll probably do more with exchanges for a little bit. Or just bank them and invite a whole bunch of friends along on the next trip. The flexibility is nice.
have fun at Disneyland!!