How To Set Up Sinking Funds #sinkingfunds

Hey Guys!
Today's video is on my once again updated sinking fund! Ha! Ha! I am still struggling to find a system that works for me but I think I finally got it! (fingers crossed). I'm sharing with you my current set up as of February 2020. How do you set up your sinking funds?!

JOIN THE TOM SQUAD:

SHOP

Get $10 off of your first Erin Condren (planner) purchase with this link:

THE BUDGETING BOOK:

AMAZON SHOP

JOIN MY MAILING LIST

Link to the Planner:

Link to Half Sheets:t

FAVORITE PRODUCTS

OTHER VIDEOS

ADULTING 101 SERIES:

BUDGET WITH ME PLAYLIST:

MONEY PLAYLIST:

PLAN WITH ME PLAYLIST:

ORGANIZE WITH ME PLAYLIST:

FAITH PLAN WITH ME PLAYLIST:

READING PLAN WITH ME PLAYLIST:

CONNECT WITH ME

Office Depot:

Michaels:

INQUIRIES

ABOUT ME

I’m Alaina.

I am an Etsy Shop, The Organized Money (sticker shop). I am an author, speaker, and YouTuber. I love to share videos on planning, productivity, organization, and managing money.

What else?! I am a wife and mother of 2 girls. I love reading and planning! I hope my videos help you on your adulting journey.

*Some affiliate links are used, which means I may receive a commission should you decide to click that link and make a purchase. My content is 100% not influenced by brands, PR products received, usage of affiliate links, or brand partners

[TheOrganizedMoney]

Hey Guys!
Today's video is on my once again updated sinking funds! Ha! Ha! I am still struggling to find a system that works for me but I think I finally got it! (fingers crossed). I'm sharing with you my current set up as of February 2020. How do you set up your sinking funds?!

[kit]

Here's a little trick to get started with stashing some cash: aim to save the equivalent of one day's gross pay each month. I don't get paid time off so when my son or I are off sick or if I have to stay home for an emergency, I can look at this number and see that I have X number of days covered.

[ayannafraleymoore]

I REALLY appreciate and needed this very video! I too struggle with saving for sinking funds including feeling like I often don’t have enough money to set aside for them. I truly appreciated your candor with that and absolutely needed to see this alternative method! THANK YOU as always, Alaina.

[tanyalua]

This video was so interesting! I really hadn’t thought of prioritizing and focusing on one sinking fund at a time, but I may have to revisit my current operations to try that.

[charleneprince]

Thank you so much for this video! I thought I was the only one struggling with sinking funds. This is a great way to do it. Also, I live in Chicagoland and you guys will love visiting. Just know, we can get 3-4 seasons in one day so be prepared - it's not NOLO!
🤣🤣🤣

[msdeenatural_]

I have an acct titled “unexpected” for car repairs, oil change, tag renewal, medical bill, if the kids needs something, home repairs ect.... I deposit an amount to each pay period. It works for me because I know that”s what’s for.

[jordanruth]

Thank you! This really helped me understand sinking funds. As you said in the beginning it looks like you don’t have enough to put back for important things and things of wanting. I have an example to follow and I have a very large family. I’m 44 with terrible money management skills. I just watched your video about your book and you gave valuable points about successful financial relationship. I start out believing I can but my paycheck tells me you don’t have enough. I will make small steps and do what is necessary to be worry-financial free. Thank you❤️

[amyclark]

Watched this again for about the 3rd time. This time I actually had the opportunity to focus on it. Thank you for such good information.

[katheryndbutts]

This was helpful, I like the idea of having a dollar amount set aside and working to keep that amount there versus just putting money to the side for each fund. Thanks for sharing!

[smserralta]

I love this video! I'm a sign language interpreter on variable income, so this really helps break everything down. Thanks Alaina!

[vickig]

This is such a good idea, I’ve never thought of doing my sinking funds this way but im definitely going to start. Thank you!

[catenajeffcoat]

❤️ your videos. Thanks for actually showing the numbers and transparency. I look forward to using your methods & getting the planner. Great job👏🏽

[Nickel-and-dimes-budget]

I really like how you broke out the priority sinking funds and you keep that as a sinking funds base. Then the sinking funds events are secondary. Thank you

[vivianagonzalez]

I have the same problem!! I actually started to use this method last month and so far it’s working for me. Thanks for sharing !! ❤️

[kit]

That's the trick, have a baseline. The safety net amount should be whatever lets you sleep at night. When I saved 1, 000 a la every finance guru's advice, it didn't give me any peace of mind. I dispersed that 1k to my sinking funds and built them up until I was satisfied.

[BeverlyLeeCreates]

I love it ive been trying to start sinking funds im going to start small thanks for sharing Fav!

[mwdanay]

thank you so much for this video.. i love how realistic it is

[kelceypierce]

I am loving your videos, hey are really helping me with wanting to start budgeting. I am wondering if I did buy your dowloaded version of your budget planner can it be printered smaller to fit a classic happy planner (9 rings).

[marissavillanueva]

I love the pens you use! What kind are they?

[altaneri]

You are coming over by me. I live in Indiana about 45 minutes away. Go to the Siganture Room for dinner. The view by the window is wonderful along with the food.