Ways to Save Money with Goal-setting Accounts

Before I delve into this topic, let me first say that I am not a certified financial advisor. And, I’m not receiving compensation to discuss these banks. These are just my opinions after doing some basic research.

In the blog post 5 Frugal Ways to Treat Your Family, I mentioned having a “splurge” fund. So many of us forget to set aside that “fun” money. Or, maybe we don’t have a good system for setting it aside. I currently use budgeting software to create a category for the “fun money” fund. For each of my husband’s pay periods, I set aside a percentage for “splurging” and place it in my “fun money” budget category. But what if you don’t have a budgeting software program? What if you want to place those assets in an actual account?

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How to Raise a Reader



With my background in speech-language pathology and library science, I have a special interest in reading and how reading aloud is crucial to promoting reading and language skills of an early learner. You can read more about my interests and background here: About Me.

When both of my children were under 5 years old, I had the advantage of working in the children’s department of a library. Working in that environment gave me access to all the wonderful picture books and chapter books I could get my hands on. The amount of books my family had checked out was embarrassing and upwards of 100 books at a time! My appetite for children’s books was driven by my knowledge of educational statistics and I wanted to make sure my kids could read by the time they went to school. Some of the statistics I found the most profound include:

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5 More Frugal Ways To Treat Your Family

photo of ice cream

If you haven’t had a chance to read last week’s post, “5 Frugal Ways to Treat Your Family,” you can catch that post here: 5 Frugal Ways To Treat Yourself and Your Family. Today, I will share with you 5 more ways to share a frugal splurge with your family.

1. Take your kids to the dollar movies in the summer time.

Even though the summer is almost over, this is a tip to keep in mind for next year. Some of the movie theaters will show family movies which cost only a dollar to watch on the big-screen. These are older movies, but there is something more special about watching a movie on the big screen. Here are a couple of theaters who take part in showing these cheap movies in the summer time.

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5 Frugal Ways to Treat Yourself and Your Family

When trying to figure out how to be frugal, it is easy to fall into the rut of not wanting to spend any money at all. Sometimes you might even feel guilty  if you do spend money on the occasional splurge. But, part of life is about having fun and the occasional treat! Here are some ways my family manages to enjoy a special splurge while keeping our spending down:

 1. Put a small portion of your budget toward the occasional splurge. 

If you can set aside even just 1% of your income to save for these fun expenses, you will have a small amount to spend. If you made $2,000 each month, you would  have $240 by the end of the year by just setting 1% aside each month or $20 per month. If you use a budgeting software, you can set up this “splurge” account in your software so you can direct a certain amount to it each time you receive a paycheck.

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