Sinking fund

Learn about the sinking fund categories that you should include in your budget and how to organize them to be prepared for future expenses.

Creating sinking funds categories is just another way to complicate money management for personal finances. Instead, create security and flexibility with my simpler three-layered savings method. Try these savings tips for simpler, more effective money saving!

Organizing your savings is an important part of managing your personal finances. It really comes down to your emergency fund and sinking fund. Emergency funds are for emergencies only; they're there to save your butt when bad things happen. Sinking funds are for planned expenses, usually fun things like vacations, but can also be for necessities like certain bills. I have a sinking fund for my phone bill. Both emergency and sinking funds are essential elements to personal finance.

Meet one of the simplest personal finance savings tools –– sinking funds!

Sinking funds are vital to your debt-free journey becuase they prevent future financial disasters. Save your budget with sinking funds now!

Often in life, we're faced with irregular expenses that add up. Sinking fund categories cover these sneaky costs and give you peace of mind.

Dave Ramsey popularized sinking funds and rightfully so as they are an integral part of keeping your budget on track. Click to read more about sinking fund categories and ideas.

Have you started to save for a sinking fund? It can help you budget through the year and make managing your money far easier (I promise!)