Source:
Informa Research Services
(10/15/2010) Just
because the U.S. dollar isn’t the king currency it once was doesn’t mean your
dreams of traveling the world need to be put on the shelf permanently. Instead,
a weak dollar means you simply need to plan ahead and stick to your savings
plan. Informa Research Services suggests consumers set a goal and use automatic
savings paired with a high
yield savings account to get to distant lands you thought you couldn’t afford.
Start
with a goal. Create an estimate of how much it would cost you to go on your
vacation of choice. Once you have a good idea of how much money it would cost,
this should help you create a savings plan.
Find
a high yield savings product in which to deposit your money. The easiest way to locate the best savings rate
currently being offered by financial institutions in your area is to check ERATE.com’s
online rate tables.
Schedule
automatic transfers to guarantee your savings account receives regular
contributions. This transfer should be from your paycheck or checking account
to your savings account; the size and frequency depends on your savings goal.
While a high
yield on your savings account will augment your saving efforts, this automation will ensure you never forget
to add actual funds to your travel account.
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