WHAT ARE SINKING FUNDS | 6 SINKING FUNDS YOU NEED | HOW TO BUDGET YOUR MONEY

These are the three types of sinking funds and how many I would have of each category when first starting a budget journey.

Happy budgeting! With Love, Jordan



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✩ Disclaimer: I am not a financial or business advisor. All advise and experiences on this channel are my experiences and are shared purely for entertainment purposes. ✩



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[peggynichols]

I saved for paying off my credit Cards, I doubled up payments. Now I only have 2 Credit cards no limits over 2, 000.00. I now save for the things I want to buy , but by the time I save for it I usually say I don't need it Lol .Thanks To finding your Videos❤❤❤

[AEvans]

I would recommend that anyone looking to get their finances together track their expenses first before establishing a budget. Knowing where their money is going will help them determine what sinking funds they may want to have.

[noracarreiro]

great job explaining sinking funds. at first I tried 2 binders, but it was overwhelming, and I didn't have enough money to really use both wisely. Now I do 1 binder of priority savings and its highly motivating. its a learn as you go process but worth it not to give up!

[maeganb]

When I heard about emergency sinking funds. I made one for just that. Because my son was admitted to a children's hospital for a week. Food, coffee, etc got expensive and I didn't like having to use credit cards but that was best. So it's going to happen again at some point. He's medically complex. So I put $100 in an envelope right away! He's doing good for right now.

[jenniferselespara]

Every one needs a buffer 1 month ahead fund and a 3 month emergency ❤

[dorisjamison]

Sinking funds are very good to have because you never know, what’s going to happen. I started my sinking funds in 2020. That was the best decision I made when it came to my money. Now I have an emergency fund, a fund I never had. I can’t believe what I have in my bank account for emergencies only. Great video 💜💜

[melissaladd]

Being ahead on bills came in handy when my hubby's bonus came in. We decided to use it to get a new HVAC unit. I was able to hold off paying certain bills to be able to utilize his whole check and live off just mine for that week and not get behind.

[Cterrill]

I’m new to to the saving money challenges. I love your videos. They are a big help. Thanks…

[fourdayhomestead]

Great video Jordan! I started in June last year with your budget binder. Thank you so much!

[cyndicatbudgets]

Great video. I just restarted a sinking funds binder. I will be using my savings challenges to fill it! 🥰🥰

[LoveNickNelena]

It's been so amazing so far watching your journey!! keep going like this

[LilRedBudgets]

Great video hun! I jumped in full throttle back in October, I watched many YouTubers including you for a couple months before I dived in & started my own channel, I felt real comfortable tho, like I genuinely enjoyed cash stuffing and budgeting. Which I’ve been budgeting on 📓 notebooks for some years now, to keep up with our bills/when they were due and when they got paid. But I just wasn’t cash stuffing or tracking our expenses like I do now. ❤

[TaraannBudgetsandSelf-Care]

I started with emergency, birthdays, Christmas, back to school, car maintenance, and debt.
Now, 2 years later, I have a bunch.

[judithprice]

This was a good refresher as I start month 7. I will say....and you have demonstrated this in your budgeting. These categories will evolve and I am calling year one. . .one of discovery. . .It is totally viable to adjust these categories as you discover you need to.

[dottylewis]

thank you so much jordan, this video helped me.

[CydPiper]

Thank you for going back to basics Jordan! I'm learning; just need to get into the right mindset. Luv, Cynthia

[libbysworld]

Jordan, this is amazing! Great explanation. I am sharing this on all of my socials.

[marthamarlin]

Great video Jordan. Listening to your videos are entertaining but more importantly very helpful. Starting small is what I'm doing. I have bought your challenges to continue on as I accomplish. You're an inspiration.

[mindysbudgeting]

Thank you Jordan always love learning things ❤️

[IDesireeWealth]

Thank you Jordan!!! I've been trying to condense my sinking/savings from 9 to 6 or less