Sinking Funds Explained 2022 | Important & Forgotten Categories You Need to Know

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Welcome to my channel and my personal finance journey!
I’m here to share my favourite budgeting, saving and debt pay off tips and tricks that I have learnt so far in my personal finance journey.

This video is a beginners guide to sinking funds, what they are, why I use them, how you can set up your own sinking funds and sinking fund categories you may wish to implement!

Sinking Funds are like mini savings accounts to prepare for known upcoming expenses.

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DISCLAIMER: I am not a financial advisor. All information shared in this video is general in nature and should not be constituted as professional advice. The information shared within this video is for entertainment purposes only. And If necessary, you should seek professional advice that is relevant to you and your personal circumstances.

Sharing budget tips to help you grow your savings and pay off your debt faster than you thought possible!

#budgeting #savings #financejourney
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Wow! This is a great video 👍. Easy to understand and the best explanation I’ve seen on working out sinking fund amounts! Thanks for keeping it simple and visually pleasing . Thanks for the work you put into presenting this video😀🎉

melissasivyer
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Great video lovely! Very helpful p.s beauty is my favourite as well 😊 i like to keep big bills in cash - I’m less likely to spend as I don’t see it in my account. Just put them in the bank before they are due

taradawson
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Hey hon, found you through another YT channel. Great Video. New Subbie

budgetingwiththemealings