Create a Sinking Fund | #shorts | Money Tips

What is a sinking fund? In this video I explain what is a sinking fund and why you should have one. I wish I have done this before instead of constantly taping into my emergency fund.

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This video is about what is a sinking fund, how to create a sinking fund, sinking fund, what can i use a sinking fund for, emergency fund, money saving tips, money Mondays, money tips, finances, finances and women, debt free, debt free journey, debt free journey on a low income, how to budget, budgeting tips, budgeting ideas, how to budget, stop being broke, money moves to make, how to save money. money management, money management ideas, black women and money, finance tips, so you don't put yourself more in debt or have to use your emergency fund.

[TanisaNadira]

You can always keep your sinking fund in the bank too! I personally will keep my sinking fund at home using an envelope. You can budget for a sinking fund, but if you are short on money, add to your sinking fund whenever you can and continue to build up your emergency fund.