7 Essential Sinking Funds Categories For A Better Budget

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CHRISTMAS

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HOME

KIDS

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MEDICAL

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VACATIONS

One final thing…

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More Money Saving Ideas!

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Learn to love life on a budget!

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7 Essential Sinking Funds Categories For A Better Budget

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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.

CHRISTMAS

For most of us who celebrate Christmas or even Channukah, it can often require a large chunk of change.

HOME

This category is one of the most important.

KIDS

From book fairs to field trip slips brought home the night before, this category has come in handy more times than I can count!

MEDICAL

A medical sinking fund is your weapon against random illness.

PETS

Our vet bill cost more than our mortgage payment!

VACATIONS

Why use your savings account to fuel your wanderlust at all?

VEHICLES

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!

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!