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What's the best way to save for a dream goal?

by Amelia (follow)
Amelia is an art enthusiast and writer
Finance (24)      Goals (7)      Dream (5)      Ambition (1)     

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We all have a dream goal, whether it is material or an experience, and it may cost you monetarily. Sometimes, this amount is beyond what you can afford or even dream to achieve. But you persevere.

How have you been able to save for a dream goal? Share some tips and tricks.

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Top Answers
Open a separate high interest savings account, and put away a set percentage of your income away every week without any emotion attached. Save what you can afford. If it's 10% that's great. Do not take this money out until you have reached your savings goal for that holiday or other life experience.
A little bit every week. Just put it away, even if it's only $5 or $10, or whatever you can afford, and more when you can. Eventually the money will be there if you don't touch it for anything else.
It really depends on (how bad) you want that one thing.
How much are you willing to give up certain things, you now have that cost money.
e.g. cut your food bill in half.(it is possible).
cut out that take out coffee 100%
cut out going to the movies 100%
cut out buying 'any' clothes 100%
cut out even Internet and land-line, just have a mobile?
It depends as I said 'how bad do you want it'..the rest is your choice.

Depends what the dream goal is. But the best place to start is to write it on a big piece of paper, or white board, so you can see it everyday.
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