Sinking Funds for Beginners! How to Set Up Your 2021 Sinking Funds!

Hey loves!

In this video I’m explaining sinking funds for beginners and how to set up yours for 2021. Adding sinking funds to your budget is a great way to save money for anticipated expenses and to make guilt free purchases. I’m also sharing a few sinking funds you should have set up this year!
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Disclaimer: I’m not a financial expert, accountant, or anything related. I am not qualified or certified to give financial advice. This channel’s content is not to be construed as personalized advice. However, I am sharing my personal experience and individual opinions. If you are looking for financial advice, please seek the services of professional advisers.

[DyanaMariie]

What sinking funds are you setting up this year?!

[tonihutchinson]

First time doing sinking funds. Mine are car, home, debt snowball, monthly bills, Bed, and emergency fund.

[mommytradertube]

Great video! Hmmm, a sinking fund for a newer car eventually.

[reezahare]

Found your channel this weekend and binged watch alot of your videos. Covid and job loss/change has cut my income in half. I'm sitting down today to get it all down on paper and see where we are to get started on saving and paying off debt. Thank you for the inspiration and helping me get my head out of the sand.

[allimarieRISING]

I have the same ones except activities, I will add that one. Thanks sis, keeping us on point!

[mldshelly]

I looked at purchases that prompted me to use the my credit card and stuff I want. Mine are Self care, car, house maintenance, special occasions, travel, photo shoot for daughter's 21st bday.

[debtfreetmarie]

Having sinking funds for my kids saved me from going over budget.

[mariahmcclam]

I hope YouTube is treating you well ($$$$) because your videos are saving my life I may have to set up a sinking fund called “donate to Dyana”.. I’m so grateful for your financial advice.

[chrissyn]

Hello! New follower here! I just have a question. I have 3 kid's with birthday's back to back (February, March, May). I don't have a vehicle, and I have my 1k EF already. I have a lot of debt, and haven't started a sinking fund for it yet. I'm a single mom. My kid's are toddler's, and I am on a limited income. I am feeling as if my sinking funds are taking too long to fully fund. Would you just do 1 sinking fund at a time, to get it fulfilled faster, or keep filling all every week? I feel as if I'm not getting anywhere. TIA!

[mcube]

Do you set up sinking funds with the amount of money you estimate will be needed for the year?

For example, for car reparis a sinking fund could be $1, 500 and you plan on saving that by the end of year or by a certain date?

[cjirikowic]

Health Care Sinking fund, people should really look into HSA or Flex Savings accounts. Those accounts are Tax free. I have a HSA with my work, I put in $300 a year and my work matches $300 each year as well. And it all pretax funds, and you are not Taxed when you use those funds toward health care cost either.

[jasperj.d.g.]

"women like your" *is a 19 year old Guy* oh no