How I Use Sinking Funds in My Budget

The truth is, these types of expenses can be detrimental to your budget. You need to have a system in place that will allow you to pay for certain planned expenses with cash, so you are not continually going into debt.

That’s where sinking funds come in handy.

Today, we are going to cover everything there is to know about sinking funds, which funds I include in my budget, and how to use them.

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[ChessaKali]

You should consider changing your name to Adulting 101! Everyone should be doing this! Great video!

[heatheriskind]

I am obsessed with budgeting. It has been life-changing for me. I really love the idea of the coloring chart to go with the envelopes. Thanks for the great idea

[jessicagomez]

So it's not that I don't care about finances and well budgeting overall but in high school they really don't teach you about this, I love the way you show how to budget simple easy and exciting. I follow you on Instagram as well. Thank you for changing my views on finances overall.

[rebeccapichette]

Getting my s**t in order this week to get my budget and life in order for a great start to 2019. Thank you so much for your hard work putting this all together for us. Happy holidays!!

[rbncj]

Thank you for your printable cash envelopes i literally printed them all and laminated them! I’m going to put them all to great use!

[iwantstayhome]

Setting up sinking funds have been the best thing I ever done. For the last 4 Christmas I have not worried. Also, this year I had money left over. 🤩 I still have to work on a few items.

[Havanah]

I love this as “sinking funds” would definitely be my downfall in doing my budget because like you said, you just never think about it. Love it & thank you 🙏
Embracing Sinking Funds for the win 2020

[MissEricaBarnes]

So glad I came across your channel! You speak my language. Budgeting has been the WORST! Happy to find a method that makes sense to me! Keep up the good work. Thanks.

[glenmaturityinbasics]

Watching your channel now. I’m having my journey for a debt free home this 2019. And thank God i found your channel!!! Thank you! Happy new year!!!

[babe]

I’ve been looking for a budget channel for years and your channel is perfect I just learned so much in these past few days and I just love how you have the cute drawing for each envelope it motivates you even more to finish the coloring your amazing and thank you 😊

[emilyorlando]

Super helpful to see the whole process. I do this kind of already and am reassessing for 2019!

[edgetendale]

Thank you so much. I love watching your video. I know now the difference between sinking and emergency fund. Great job!!

[t.]

My husband gave me your link to your blog. From there, I found other youtubers, and Dave ramsey! Started in October and am loving this cash system. I honestly have no idea where my money used to go! It's really concerning.

[lyntintin]

Great ideas (& cute cards!) thank you SO much for sharing this information 💕 it’s hugely helpful.

[katelynratcliff]

Can’t wait to implement this into my budget for 2019!! 👏🏻😁

[yolandashelton]

THANKS FOR SHARING REALLY LIKE ALL YOUR GREAT TIPS GOING TOO TRY IT HAPPY BUDGETING!

[nikkiamarillo]

Thank you for the tips!! Will start it today!!!

[christel]

Those pictures would be a great way for me to teach and include my kids in our savings. Thank you for the ideas! I plan on printing your pages as soon as I can get to the library :).

[jessicarana]

Capital One 360 is a great bank for virtual cash envelopes. You can open 20+ bank accounts. No fees

[jenniferadams]

Fabulous video stuffed with great information!