Monthly Family Savings Talk to your family and come up with this monthly saving account where each person has to contribute certain amount of money for a specific goal. If the goal is an exciting one, like a family summer vacation, a weekend getaway, dinner at an expensive restaurant, then the chances are more that the contribution towards the saving will regular. And indirectly reduce the other expenses. This helps the family to learn the importance of saving individually as well as a group and how saving money can have great results.