Let’s imagine that for your next vacation instead of taking months to pay off your vacation that you put on your credit card you were able to pay off your vacation in full before you even step foot on the flight for your vacation. I like my vacations paid for before I go on them, especially if it’s an international trip. The way you do this is to plan ahead of time. Today I am going to do a Rize Savings Demo and show you how to save money for your next vacation using Rize.
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First things first, what is Rize?
Rize is a tool that allows you to automatically save money. I like that I get to be in more control of how much money I’m saving towards my goals. I also get to set up multiple goal buckets. Which you know I love because when your money is jumbled into one account it’s hard to really separate in your mind which amount of money goes to what. For example if I’m saving for my first home I can have a first home savings account, or if I’m saving for my birthday trip. For me it’s always been helpful to see which goals I’m reaching. With Rize you get to set a specific target goal and choose how much you can commit to save each month.
- Get to set specific saving goals and choose how much I want to save for.
- Hello, there’s interest.
- Not only is the platform beautiful, but I get to choose how much I want to pay for the service.
After you sign up for Rize figure out how much your next vacation is going to cost.
Make sure that you watch the video above for the full details and break down.
For example if your birthday is in August, that means you’re the best because you’re a Leo like me. If you wanted to take a trip in August you would add up how much it’s going to cost you for the entire trip.
- Air b & B
- Food & Drinks
- Spending money
- Hair & nails
After you’ve added up your total divide your trip total by however many months until your trip is coming up. For example if I wanted to go to Arizona after I added up the costs of everything let’s say it comes up to $1,000. I would then divide $1,000 by 5 (number of months) which would give me $200. Now that I have the total amount I have to save each month in order to have $1,000 by August I would enter this information into Rize and have them automatically save the money for me.
Is Rize Free?
With Rize I can decide how much I want to pay for their service. If a platform is helping make your life better you should be happy to pay them. Plus they’re letting you know upfront. If one month you want to pay $0, and the next month you want to pay $5.00 it’s totally up to you because again with Rize you’re in control.
There you have it easy breezy you are now all set up to start saving money for your next vacation. Make sure once you sign up for Rize that you connect your bank account so that you’re actually able to save money. Where are you off to? Let me know in the comments below.
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