Savings

How to Create a Sinking Fund

How to Create a Sinking Fund

So, just some quick background on what a Sinking Fund is. A sinking fund allows you to save for certain expenses over a long period of time vs being caught by surprise when an expense appears. I have a whole post that highlights the reasons […]

What is a Sinking Fund

What is a Sinking Fund

Whether you’ve been budgeting for years or are new to managing your money, planning out your sinking funds can be a key tool in your arsenal. A sinking fund is money you’ve put aside for pre-planned spending to cover your butt down the line. The […]