What is the best way to save money for a trip that takes place next year?

Answer 1

Depending on how much that trip cost... have u decided on a destination? Research and estimate on how much you will be spending..

From there.. you can divide the sum of money you want to save every month... E.g. If you estimate that you will be spending abt $2000 for the whole trip (air tix + hotel + shopping + food + other travel expenses) divide over 12 months.. then you need to save $167 per month..

If you are unable to save that much, then you will need to revise your destination and go to somewhere equally fun and still affordable... in addition.. in order to reach your goal.. you might want to cut down on your shopping while you saving for the trip..

Answer 2

Try G2Bay. This is a social networking site where people help each other make and save money. People post their photos, blogs, news, product and service reviews and talk about the stocks they own. Every user gets a Million Dollar Page where advertisers pay to find the right customers. The more hits you get on your page, the more money advertisers will give you. Maybe the trip will cost you nothing!

Answer 3

make a set amount every payday weather it be 20 or 50 or 100 as soon as you cash your check take out the amount put it in a savings account at the bank and have it on a one year release date.. you make your deposit it sits for a year and draws interest and you have it blocked where you cannot access it for a years time .. by the time the year is up you have plenty for a trip.. and if you chose to put a large amount say 100 then you have more than enough for a trip.. its amazing how fast it adds up.. good luck to you. i dont suggest keeping it at home in a jar or piggy bank as its to easy to access and you know its there so temptation of i can replace it later and by the time the year is up youll find barely any savings at all.

Answer 4

Figure out how much money you need and the timeline for it. Take the total and divide by the number of paychecks. Transfer that amount into savings each pay period. FYI, ING Direct pays 4.35% apy interest on savings, compared to a brick and mortar bank with1%. You link your existing account to the ING account and can sign up for automatic transfers of the amount you need. It's easy to tranfer money back and forth, but its over the phone or internet only. I've had it for 3 years and love it!

Answer 5

Save regularly. If you have direct deposit, have it taken out automatically and put in savings. You won't miss what you don't see.

If you have allowance or something, take it out at the beginning of the pay period, because no matter how much you make, it's all gone by the next payday.

Answer 6

If yu love to buy something daily, like some people like cigarettes or starbucks coffe, or somehing like that every time you feel you are going to buy one, put money in a jar and by next year it will be full! Or if you don't have any addictions just put like 5 dollars or so in a jar every day.

Answer 7

fill an aquarium or a large glass container with water,put a shot glass or something similar in size on the bottom.people are attracted to watching the money float down,so usually whenever someone walks by they can't resist dropping coins in.it adds up.

Answer 8

well, let's say that you take a lucrative position in say, ok a strip joint. you take it off five nights a week fer 2200.00 cash, and save at least half of it in the bank while you use the other half to pamper yourself and buy slutty stripper outfits that drive the boys bananas.

Answer 9

Find out how much you need, increase that number by 15%. Then find out how much money you need to put away each pay period.

Simple.

Answer 10

Budget your money and stick to it.