How to save and make your dreams come true

By You and Money

Dreaming of a new bike or video game? You can make your dreams come true by a bit of clever planning and saving. Your dream is a bit like a goal, and the best way to reach your goal is to create a savings plan and stick to it.

1. Determine your savings goal

Write down what you want to buy and how much it costs

2. Work out how much you earn each week

Include your pocket money and money you earn from a part time job. Add any other money that may have been given to you for your birthday or Christmas

3. Make a savings commitment

Commit to a certain amount of money you will save each week. For example if you earn $10 per week, you commit to save $7 each week towards your goal.

4. Shop and find the best deal

It’s a good idea to shop around and compare prices at different stores, so that you know you are getting the best deal.

5. Stay on track!

The only way to save and reach your goal is to have will power and stick to your savings plan.

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