Saturday, January 4, 2014
Saving For The Dream
How do we afford this? Well, we live to travel and last year, even when we were carrying two homes as our Alberta home had not yet sold we were saving for travel. Little bits and bobs and sometimes big bits like tax refunds. I worked an election (15 hours of pure hell) and tucked all the money into the travel fund. I sold items at a flea market (I enjoyed this!) and $75 went into the fund. When I started to work my second part-time job (first is with our Company doing the administration) every pay check I would put a little something into the travel fund. We returned deposit bottles and $30 went into the fund.
This year, I hope to save even more. Even if you have bills to pay from the past I highly recommend you start tucking away some money for your dream. It may not be travel but could be buying a big screen TV or antique piece of furniture. If you don't start saving it will never happen and I don't believe in using credit for dream items. Start today, even if it means digging the change out from the couch.
Last year I opened a second saving account for this purpose. In this second account we put the main travel fund, our big bill fund (things like house taxes and car insurance which we contribute something to every month) and our Christmas fund/gift fund. The money is transferred on payday online into that account and it is simply not touched. Any money that is found/contributed like change around the house goes into a small pot and is deposited every few months.
This year I also have a sealed pot for weekends away. My goal is to save a bit of money for a weekend jaunt to the USA or Tofino, or maybe both if enough is saved. See SFT's Sealed Pot Challenge if you wish to join. I rolled $17 in change yesterday and that went into our weekends away Sealed Pot.
I know of someone who dreams of doing things but never has the money to do them and then thinks nothing of buying a $10 bag of specialty tea. She can't see past today in terms of financial goals. If she tucked that same $10 away into a fund for her dreams, eventually they would take shape.
How do you save for your dreams and what are you saving for?