With it being August a time to relax and go on vacation. It's that time of year to think about using your money with something fun. And this can be done any time of year. Rather you are going to Vermont for a skiing trip, backpacking in Europe, or going on that memorable trip to Disney. And the fun things you can do don't even have to be out of town. I'm sure your town has many things going on and if your town is small, maybe you have to travel to the next town.
With many things to do for fun, let's talk about what you can do for fun. How do you save for fun? How do you put a fund together for the moments that will last a lifetime?
A fund like this takes time to build up and it should be started at anytime. Either it's putting down $5 a paycheck or $50 a paycheck. You want this fund to mean something for you. And a little bit each time it will build up for you. And the idea is to have fun with with. You don't want to put money aside and not enjoy it. However, there has to be discipline in having this fund.
There are some tips in having this fund.
- Disclipline: You've got to train yourself not to spend your cash in this fund. This is mainly impulse spending. You want the money to be there when you need it.
- As I mentioned before, you want to contribute some money for this fund every paycheck. You can set the amount. There is no limit. It can be a little and it can be a lot as long as you set what you need to set you'll be ok.
- If you can't use credit great. Most things for fun go on your credit and that doesn't go over very well and expenses build up through time. As long you have cash for it, you won't have to pay it back.
For more about saving ideas, my book can be found on Amazon. It is called Saving: How to Save Your Money (Book 2 of Money: Learning the Basics).
I hope you enjoyed reading this blog. If you enjoyed what you read or if you wanted to add something please comment. I am interested in what you have to say. And thank you for reading this blog.