SINKING FUNDS FOR BEGINNERS || Sinking Funds Explained...3 tips to start your 2021 sinking funds

The best way to manage money is through sinking funds and cash envelopes. learn how to use sinking funds for beginners and the benefits it might offer you.

Want to know how is it that some people never worry about money or bills? I am not talking about the uber-rich. I'm talking about the everyday man and woman who have it all together.

I mean to really have it all together. Not the people who just LOOK like they have it all together. Not the "Jones's".

What are sinking funds?
There are these mini emergency funds called sinking funds that are part of a cash budget system and the one thing that saves my budget every month.

Dave Ramsey inspired millions with his easy budgeting cash envelope wallets and emergency funds to start your debt free journey.
Let's explore how to get you started and how to save money!

For more info on sinking funds and the categories you might need, check out this article:

For the best cash envelope wallet, check out SavvyCents here:

[saraconklinfrozenpennies]

Sinking funds are my favorite part of budgets. Do you have sinking funds? What's your favorite?

[travollic]

I do not use cash anymore (as everything is paid using online banking or cashless payment) but I do track all my expenses in my excel sheet. I'll make sure I'll keep almost 50% of my income into my saving, 30% for rent and bills (fixed amount) and 20% for groceries (here is where I can control my expenses to add more into my saving). I do have a credit card but the only reason I own one is to buy my flight tickets as I travel frequently. I don't see any harm to own a credit/debit cards as long you can control your spending habit. I love to share my excel plan if anyone interested :).

[SavorySaver]

A great explanation! So easily understood. Thank you so much!

[dianec]

I am a new subscriber. Of all the people on you tube I have to say you’re my favorite. I’m watching as many of your videos as I can. I really appreciate your wisdom. Thank you !

[carolynmoe]

Surely G-D has given you such wisdom! You are a pearl!!! Such suffering you must endure! Prayers ascending… thank you for your kind words of encouragement. You go girl. I started a video with no idea what I was doing just talking about what I was doing with the children in Sunday school and my personal experience with powerful people in the Kingdom of Israel 🇮🇱 aka believers in yeshua hamashiach the holy one of Israel just Christ Jesus to me anyway I have shared you with others and will continue to do so in the future may your Heavenly Father reveal himself more and more to you . If I were in the market for a financial advisor I would see you for sure! May G-D continue to prosper your work and defend you!:)…

[abidashah]

Bless u and family 👪 with joy 😊 😃 peace ✌ happyness lov always.Keepsafe take care🤗💕🙏😊❤💖💖💞💝🥰💖❤

[maximalismrehab]

I am not familiar with these concepts of keeping cash in envelopes at home but maybe it's not very popular in Australia. I was just wondering how secure it is to have large amounts of cash (even up to thousands of dollars) in the house where it is not insured against fire, theft etc. Is there a maximum amount that people would keep in their house?

[abidashah]

Love u love ❤ 😍 💖 your videos 📹. Love your cash envelope ✉ ❤ system love u frugal queen 👸 voice ♥ voice of a angle heart of gold ♥ 👸 💛 ❤ 💖 love from UK and sinking funds ❤ 💖 ♥ 💗 💛 💕 ❤ 💖 ♥ lov 🇬🇧 💷 🇬🇧 💷 🇬🇧 💷

[doratiscareno]

SARA....NOPE NOT FOR ME
🚫BANK

THIS IS EXACTLY WHY WE WANT TO KEEP THE ENVELOPES WITH US
NOT IN A BANK....EASIER
2 ADD 2...OR WHEN NEEDED TO PAY FOR SOMETHING OR PAY A BILL

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