SINKING FUNDS | What are they and where to put them?

All about sinking funds!

Sinking funds are one of the best financial habits I started in 2019. I'm going to continue my sinking funds into 2020 and maybe you'll start too!

In this video I break down:
-exactly what sinking funds are and why they're important
-the difference between sinking funds and an emergency fund
-my sinking funds
-other sinking fund ideas
-where to keep your funds and GAIN money on them

Comment down below what your sinking funds are!

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[ImaniLove]

Sinking Funds are totally new to me and very exciting! After going through my spending habits I realized how important it is for me to have money saved for Labor Day and Black Friday sales since that is when I buy all of my gifts and the things on my personal wish list. Just hit my first milestone on my emergency fund. Looking for a cute name for my shopping habit sinking fund🏁

[glennthorstensen]

I have never heard of Sinking Funds, I always have a savings fund for something. This was new terminology for me.

[jackiehenry]

Good video, but just a small correction. Dave Ramsy recommends $1, 000 in the emergency fund to start, then pay off your debt. After that, build 3-6 months of an emergency fund (well over $1, 000)

[WatchKeyGlo]

Definitely setting up sinking funds and more in the 2020 year. This video gave me some ideas and possible funds I can create based on where we spend. Thanks!!

[bradleyvanzile]

What steps would be needed setting up at six in front of insurance is involved as far as like medical and dental

[arlenychedebeau]

I am definitely contemplating making some sinking funds

[RockingFinance]

Very nice video, Leila! And great looking channel in general! ✌

[goldja]

Excellent video, I started my sinking fund journey just mid 2019 and the 8 I have are in 2 high yielding online savings accounts as well, which has helped me with my budget.

[lizastrawberri]

Hi. Very informative video. Could you provide a link to the savings account ? Thank you.

[julsh]

I have a global sinking fund saving account. It is easier to handle but you have to be disciplined.