Budget sinking funds

What's the difference between an emergency fund and a sinking fund? They are both savings accounts but have different purposes. An emergency fund is there in case of, well, an emergency. If something unexpected happens, it's there to back you up. Sinking funds are set up for planned purchases -things like vacations, buying a car, or saving for certain bills, like your car insurance if you pay bi-annually. Check out the blog for more info on saving & budgeting!

There’s simply no avoiding it any longer. Your furniture is worn out and it’s an embarrassment every time you have guests over. This is where sinking funds come in! They can make the difference between staying on budget for the month or having your budget sunk by overspending. Keep reading to discover which sinking fund categories to use in your budget.

FREE Sinking Funds Tracker

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!

I love sinking funds! In this post, I am sharing five useful sinking funds I advise you to take into consideration in your budget today!

How to use sinking funds with examples. Sinking funds categories that are important to include in your budget, plus free cash envelopes to help you save.

What is a sinking fund? How many sinking funds should you have? How much to put in sinking fund? Where to put sinking fund

Find out how using sinking funds can help you avoid financial emergencies. We all have irregular expenses, the car breaks down, your dog gets hurt, you want to plan an anniversary trip, or a large bill (like car insurance) is due. All of these financial situations don't need to be emergencies.

Looking for ideas for the types of sinking fund? Here are over 75 sinking fund ideas that you can incorporate in your budget that will...