Sinking Funds Categories
For A Better Budget
Basically a sinking fund is just a pool of money that you’re saving to cover an expense that you expect will occur sometime in the future.
For most of us who celebrate Christmas or even Channukah, it can often require a large chunk of change.
This category is one of the most important.
From book fairs to field trip slips brought home the night before, this category has come in handy more times than I can count!
A medical sinking fund is your weapon against random illness.
Our vet bill cost
more than our mortgage payment!
Why use your savings account to fuel your wanderlust at all?
Unless you’re an experienced mechanic, chances are you’ll be having to foot a decent-sized bill.
One final thing…
you can create a sinking fund for literally anything your heart desires!
READ MORE HERE!
More Money Saving Ideas!
How To Use The Cash Envelope System To Save Money.
Frugal Gift Ideas For Someone Who Has Everything
How To Stop Wasting Money – 7 Habits to Spend Less
Learn to love life on a budget!