Meeting financial goals as a family can be challenging. But inspiring your family to help and contribute to a financial goal doesn’t have to be a painful process, especially when the result is an exciting family vacation, a new family car, or college savings. In the spirit of America Saves Week, I’ll share ideas on how to save as a family for all those items and bucket-list experiences.

1. Gamify It!
   
   My family often makes a game of who contributes to a joint family pot for that month’s fun activity. Monopoly can become a real contest, as anyone who loses is asked to contribute a small amount to that month or week’s activity (such as a meal out or a family movie). Of course, contributions should be proportional to earnings – teens might contribute $5 from their part-time jobs or allowance, while adults would be expected to contribute much more. Still, the spirit of the game is focused on sharing and enjoying together – and because everyone has a stake, we enjoy it all so much more.
2. Making Money Can Be Fun
   
   Every year around the holidays, my extended family likes to take a warm vacation, so we start planning and saving a year in advance. By each contributing to the holiday vacation fund, our money goes much farther, and we’re often able to visit cool places we might not have otherwise afforded. Of course, if we can easily afford to contribute our share, we do so, but when money is tight, we find fun ways to raise cash for our contributions. Last year, for example, some of my cousins hosted a bake sale. Others sold items they’d knitted, art they’d produced, and so forth. All of the proceeds went straight into the family vacation fund.
3. Sell, Sell, Sell!
   
   A family garage sale can be an enjoyable and rewarding to raise extra cash for shared activities or purchases. If your family wants a new flat-screen TV, game console, or other technology or furniture, why not start by selling what you already have and don’t need? A traditional garage sale is one good way to raise cash, as is selling unused items online (this tends to be the better option for selling electronics and gadgets).
4. Match It!
   
   Often, children’s only way to save is to use their holiday or birthday gift money. It can be challenging for kids to save money they want to spend and enjoy immediately, so it’s important to offer incentives. One idea is to match dollar for dollar every bit of money they save from their gifts. That ensures kids get the immediate gratification of knowing their saved gift money is being doubled. It also enables them to feel empowered by having chosen to save and contribute to family goals.
5. The Envelope Method
   
   When saving for multiple goals, the envelope method is an excellent way of keeping all the monies separate for their intended uses. Simply mark each envelope with a stated goal, and contribute regularly to each until the goal amount is met. For small children, it can be rewarding to contribute to smaller family goals, such as ice cream or a movie rental. A $10 or $15 goal can mean a $1 or $2 monthly contribution from their allowance. This helps children learn the value of saving, and builds confidence in their ability to do so.
6. Your Bank Can Help
   
   Your local bank can be an excellent resource for helping your family save together. From traditional savings accounts or CDs to holiday savings accounts, your bank can help you select a financial product that can help your family in reaching its shared goals faster. For larger goals, in particular, a shared family account can be an excellent resource for keeping your family on track to realizing your financial wishes.

Happy saving!