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What Are Sinking Funds? (And How to Create Them)
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Sinking funds are different than emergency funds. And they are just as important for keeping you out of debt and helping you plan for the future.
So what are sinking funds?
I share what a sinking fund is and how to create one in today's video!
CHAPTERS
0:00 Intro
0:48 What is a sinking fund?
1:21 Why do I need a sinking fund?
2:27 Sinking Fund Examples
3:50 How to Create a Sinking Fund
6:12 Are sinking funds a good idea?
#SinkingFunds #SinkingFund #SavingsGoals #SavingMoney #FamilyFinance #PersonalFinance
RESOURCES
OTHER VIDEOS TO WATCH
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MARRIAGE KIDS AND MONEY:
This award-winning blog, podcast and YouTube channel are dedicated to helping young families build wealth and thrive.
Each week, Andy Hill interviews personal finance experts, shares the best fintech tools and even discusses his own journey with family financial independence.
BIO - ANDY HILL:
Andy Hill is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness.
Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of podcast downloads and video views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.
When he's not ""talking money"", Andy enjoys watching his kids play soccer, singing karaoke with his wife and watching Marvel movies.
✅ CONNECT WITH US
Subscribe to our YouTube channel today to strengthen your family tree and live financially free!
DISCLAIMER
This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Information shared on this channel is for entertainment purposes only and should not be considered as professional advice.
CREDITS
So what are sinking funds?
I share what a sinking fund is and how to create one in today's video!
CHAPTERS
0:00 Intro
0:48 What is a sinking fund?
1:21 Why do I need a sinking fund?
2:27 Sinking Fund Examples
3:50 How to Create a Sinking Fund
6:12 Are sinking funds a good idea?
#SinkingFunds #SinkingFund #SavingsGoals #SavingMoney #FamilyFinance #PersonalFinance
RESOURCES
OTHER VIDEOS TO WATCH
Best Budget Apps (2022): 10 Apps to Master Your Money
Mint vs. EveryDollar: Which Budget App is Better?
5 Best Investing Apps (2021)
MARRIAGE KIDS AND MONEY:
This award-winning blog, podcast and YouTube channel are dedicated to helping young families build wealth and thrive.
Each week, Andy Hill interviews personal finance experts, shares the best fintech tools and even discusses his own journey with family financial independence.
BIO - ANDY HILL:
Andy Hill is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness.
Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of podcast downloads and video views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.
When he's not ""talking money"", Andy enjoys watching his kids play soccer, singing karaoke with his wife and watching Marvel movies.
✅ CONNECT WITH US
Subscribe to our YouTube channel today to strengthen your family tree and live financially free!
DISCLAIMER
This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Information shared on this channel is for entertainment purposes only and should not be considered as professional advice.
CREDITS
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