Wondering how to organize sinking funds, or how they fit in to your budget? Maybe you’re new to creating a monthly budget and ...
If you’re someone who sticks to a well-thought-out monthly budget (and you should be), you’ll be in good shape to cover all of your usual monthly expenses, like housing costs, auto insurance, phone ...
Mapping out planned expenses like vacations, holiday gifts and membership renewals in advance gives you time to save in smaller chunks. ‘Sinking’ your funds into buckets created for each savings goal ...
Big, one-time or infrequent expenses — a Disney vacation, new Apple Watch or next year's car insurance premiums can be budget busters. Because these expenses don't occur regularly, you may struggle to ...
Sinking funds are an effective way to plan for upcoming expenses. For example, if you know you'll need to pay $750 to renew your car insurance in six months, you could put $125 into a sinking fund ...