What are sinking funds? Why sinking funds are important. Sinking funds for beginners!

What are sinking funds? Why sinking funds are important? How much should you save in sinking funds?

All your questions will be answered about sinking funds here! This is explaining sinking funds for beginners!

Thanks for watching!!

Supplies used:

Amazon storefront:

🌟Link to my Amazon storefront

🌟Free Tracker download:

🌟Free Cash envelopes tracker sheets:

00:00 intro
00:52 what is a sinking fund?
01:11 types of sinking funds
01:59 why are sinking funds important?
02:59 how much should you save?
03:50 examples of sinking funds
11:07 how will you house your sinking funds?
14:03 calculating amounts to save
18:57 closure, goodbye and thank you!!

🌟Find me:

**Some links are affiliated with amazon affiliate account. If bought through link, there is no additional charge to the buyer, but I do receive a small commission based on products.
_______

[TheKrystolMethod]

Great video explaining sinking funds! I use enevelopes for my sinking funds, but also have savings accounts with capital one 360.😷

[lisamitchell]

I have gotten so excited about budgeting like never before. Thank you for making it seem so simple, and having a great time doing it. Im a widow and my husband took care of the bills, again thank you.

[livingasjalisa]

I’m so excited start I just went through a divorce, relocated, and got a new job so this will definitely be a game changer for myself and my boys. I definitely a visual person and need to see where my money is going. Thank so much for being so helpful…I also put some of your Amazon storefront items in my cart to help me get started.

[thriftynavymom]

Loved going back and hearing what Sinking funds are for. I am new to this and trying to save $$ to buy the planners and such to start in January 2023 :-) 😷😷

[asmitamorrison]

Thank you for your videos! I just recently got back into budgeting and your explanation made it so much easier than when I first started it! Thank you 😷

[marialovely]

This video was so helpful thank you 😊💕💕💕

[sapphirephoenix]

😷 such an informative video, thank you!

[suedent]

Thank yoy so much! Very informative. I love listening to you, you explain it so clearly. I just need to get started!

[mcdteh]

So helpful and informative. Thank you 😷!

[budgetwithsini]

Thank you for this video😍 I love your videos. 😷

[BudgetingTheBacon]

You explained all of this very well! Any new budgeter will be able to follow this or even as a refresher. You looked so cute explaining it too. 😁

[rhoward]

Appreciate the information and the knowledge; as they say we aren’t too old to learn anything new. This will help me get my life back on track moving forward. 🙌🏾🙌🏾

[onabudgetlife]

Omg you just answered all my questions! Thank you so much! 😷

[cindygarcia]

Thank you so much for all this information, I am a beginner and find this so helpful HERE 😊

[missava]

😷 Oh my goodness, like thank you so much, this is a great help to me❤… I love watching you channel ❤

[stephaniedodson]

😷 very clear on what and how to get my sinking funds together. Thanks

[karenwhittington]

Excellent job on sinking funds now I understand what taking funds are for she's very much

[leticiabaltierra]

Thanks so much for all the information 😷

[Cynergy]

Thank you for simplifying the process.

[CarmenGee]

A great explanation and examples!! I feel I have an much better understanding now!!! 😷