How to Make a Family Fun Fund

Step-by-Step Guide

1. 1

   Step 1: Decide together as a family that you will create a fun fund.

   There are special times that you can aim towards for the end date of the fund.
   
   Or, you can just get going now and use any time of the year.
   
   Special times of the year to aim for include:
   Christmas time (this is a great time if a vacation is to follow) An anniversary of a family-important occasion A birthday The birth of a baby The return of a family member from overseas The start of a long vacation period , This isn't necessary, as you might prefer to have a spontaneous pot of money available to spend on anything but it can make it more exciting and motivational to have a goal to save for.
   
   For example, a family holiday, an enhancement to an outdoor area, a large electronic item such as a new TV or computer, etc. are some things to consider. , Consider making a jar with a label and place it somewhere accessible in the house but out of sight. , The amount can be decided in advance, or can be based on what people have left over.
   
   It is a sensible idea to bank the savings regularly to avoid loss if you are burgled.
   
   You might need to open a special account just for this.
2. 2

   Step 2: Decide the time of year for the fund.

3. 3

   Step 3: Decide what the fund will be for.

4. 4

   Step 4: Decide where the money will be kept.

5. 5

   Step 5: Have all family members contribute to the family fun fund at least once a week.

Detailed Guide

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