Sinking Funds 101: Level Up Your Savings! #budgeting #savings

In this video, I'm sharing how I set up sinking funds for the second part of 2023. This is a video for people who are thinking about setting up sinking funds, or who have already set them up and are looking for advice on how to use them.

Sinking funds can be a great way to save for your future, and this video will show you how to set them up and use them to your advantage. I'll share with you some of the tips I've learned over the years, and I hope you can find them helpful!

Thanks for Watching!!!

Link for The Budget Mom

FETCH REWARDS code: 2RTEE4

#cashstuffing #cashenvelopes #sinkingfunds #cashenvelopesystem #sinkingfundssystem #budgetwithme #budgetforbeginners #cashtips #budgettips #debtfreecommunity #debtfree #debtfreeforbeginners #daveramsey #daveramseyinspired #savings #savingschallenges #budegting #creditcards

[Heygirlitspearl]

Thanks for watching! Sinking funds can be a lifesaver and it's a great way to save money for those expenses that may need to be paid quarterly or annually. This video is how I set up my sinking funds and what I am saving for. Drop down in the comments and let me know what you are saving for.

[tamikajones]

Hey Pearl! My high priority sinking funds are emergency, car maintenance, month ahead, and retirement. My low priority sinking funds are vacation, clothing, stockpile (for bulk household buys, couponing deals), subscriptions, blessings, gifts, birthdays, holidays, health, date night, buffer, self care, utilities (for high winter natural gas & high electric bills) and Christmas. I am using the same tracker.

[anniec]

great video....i see your saving christmas is for gifts...have you thought about what you can save towards food and drink for i do is take my wages....for example (UK weekly) £257.35 and i put 7.35 away for christmas for food and drink....some weeks are great and other weeks i get 0.23p (ugh), , , , so far this year i have £110 saved towards christmas food and drink... the £50 pound from the £57.35....well thats another savings challenge....