7 Essential Sinking Funds EVERYONE Needs (So You Can Be Prepared for ANY Expense!)
Автор: Adrienne Invests
Загружено: 2022-12-17
Просмотров: 17117
7 ESSENTIAL SINKING FUNDS EVERYONE NEEDS (So You Can Be Prepared for ANY Expense!)
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Hey guys! Welcome back to my channel. In this video, I'm sharing the 7 essential sinking funds that everyone needs so you can be prepared for any expense. I include 5 short term (+a bonus one we're using that you may want to consider!) and 2 long term sinking funds.
what is a sinking fund? a way of planning what known expenses are coming in the future and saving for them month by month, little by little, so that when that expense comes around you’re not shanghaied by the charge. often times these are expected expenses that are regular but are not monthly expenses. saving for these expenses monthly relieves the burden of having a big charge all at one time.
1. car expense fund
2. home repair fund
3. medical fund
4. vacation fund (or date night fund)
5. holidays fund
bonus: moving fund
6. new car fund
7. down payment on a home
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