Sinking Funds Explained – How to Set Up Your Sinking Funds for 2022

You know about your emergency fund, but do you know about sinking funds?

In this video I am going to explain what a sinking fund is, what they are used for, and why they might be worth you setting up!

00:00 - Intro
00:27 - What is a Sinking Fund?
00:59 - Difference between Savings and a Sinking Fund
01:47 - Difference between Emergency Fund and a Sinking Fund
02:26 - Why are Sinking Funds so helpful?
05:53 - Breaking it down into Sinking Fund sections

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⚠️ Disclaimer:
I am not a financial advisor. This video is for entertainment purposes only. Please seek professional advice to get the best information for your personal situation. You are responsible for the financial decisions that you choose to make.

Who Am I?
Oh hey, I am Laura - a 28 year old Money & Mindset Coach living in London, sharing my personal journey of money, business, and life.

I am on a mission to demystify money, and help you become empowered by your finances. Everything from money mindset, to budgeting and saving, to learning how to invest - you name it. A place for non-judgement, jargon-free and realistic personal finance info to help you get financially confidence and make your way to financial freedom!

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