Sinking funds are a great tool to keep your finances on track. But does your budget really need sinking funds? Come find out! Bonus – 8 tips for success!
Does Your budget Need Sinking Funds?
What is a Sinking Fund and How to Use One?
The perfect financial tool to help you protect your debt pay off goals. Learn the 3 easy steps to create your sinking fund and how to use it.
What Is a Sinking Fund
A sinking fund is a short-term savings account used to make large purchases in the future. Some examples…vet bills, vacations, home maintenance, self-care, new appliances, etc. Sinking funds make it possible for you to pay cash for items you would normally finance and pay interest on. You don’t need to change how much you save per month to start building one. I’ll show you how to continue to build your emergency fund and one sinking fund at the same time without changing how much you save per month.
5 Easy Ways to Save Money Without Budgeting
Welcome to my home! This is a debt-free learning community. Leave any self-doubt and judgments outside to make room for growth. Today we are going to visit areas in your budget where you can easily start saving money right now! Let’s get started. Your cellphone plan Don’t freak out, I’m not going […]