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Saving Up for Special Memberships

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Date: 01/23/2006 Topic: Budget and Finance > Saving Money  
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I have been trying to come up with a spare $100 to renew my membership to the San Diego Zoological Society but never seem to have the spare cash. The last renewal solicitation I received spurred me to take action. I pinned the envelope on my bulletin board (beside the desk) and any money coming in from refunds, part of the extra money I earn babysitting , and other little bits will go into the envelope. I don't think it will take too long this way.

By Linda from Vista, CA
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Post by jhansen (4) | (02/13/2006)
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If you anticipate this to be an annual expense than plan for $8.50 a month. Isn't $8.50 easier to save than $100? You can save that much by using coupons, saving change, taking it out of your paycheck with your bills, etc.
Then put it in a separate savings account, one that you won't use often. ingdirect.com would be great place. Or..at your own bank or credit union, open a 12 month dedicated savings. It's a CD that you can add to during the term plus you earn a CD rate. When it matures, pay your membership and begin again.


Post by imaqt1962 (365) | (01/24/2006)
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i also put back the xtra money from going to the grocery store,here we have a county market grocery store and if you have what they call a max card(a money saving card you swipe when they have a sale)i would take whatever i saved from sale item and put away as if i had never had the card in the first place and would have had to pay full price for my items. i saved $200 in 2 months


Post by wonderpatty (14) | (01/24/2006)
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I love this idea! Often out of sight is out of mind, so this could work.


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