How I Save For Sinking Funds #sinkingfunds #savingmoney

0:00 - Intro
1:10 - What are sinking funds?
2:57 - How much do you need to save?
4:00 - How are you going to save for them?
4:20 - My sinking fund categories
6:00 - My process for saving for sinking funds

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INQUIRIES

ABOUT ME

I’m Alaina.

I’m an author, speaker, financial educator, Etsy shop owner and YouTuber. I love to share videos on organizing your money, mind, and life.

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

[ayannafraleymoore]

I love the idea of rotating the focus of and primary contributions to one sinking fund at a time (whichever is upcoming) while still saving a little in the others and then rolling over the primary contributions to the next sinking fund on which to focus. This system makes it SO MUCH less overwhelming and also also makes it easier if you don’t have enough discretionary money to save for them all at once. Thank you 🙏🏽 This is a game-changer for me!!!!

[thewellsmama]

I really like the idea of only adding to a few sinking funds at a time! I was adding tiny amounts to 5 or 6 sinking funds at a time and felt like I was never getting anywhere! Granted, our budget is much tighter than yours, but I think this system will work better for us. Thanks!

[seahorsenplanners]

Sinking funds are the reason why I have funds saved. I'm so proud of myself. I thanks you for breaking down the two categories in which made me rearrange my categories based upon my household. Now I have a household and car maintenance categories. I'm so thankful I follow you. Keep up the excellent work & informative videos. Great Job Alaina 😊.

[moderngoddessmaryfaith]

You're so inspiring to get my life organized again! You also have gorgeous hands!

[FineNaturalHairandFaith]

My favorite YouTuber! I get so happy whenever you post a video LOL. I click like before I even watch ha ha. .This video is on point. I started doing some of this when I saw one of your previous videos on it

[lissettemendez]

Again, thank you for breaking this down. I've started working on my finances in the last 2 years and this is a category I wanted to start but my process was not working as good as I wanted it but this break down was a lot more helpful and it either it was more clear than what I've seen before or I am now at a different stage where I was able to understand it better and I got it!! 🤗 I just created my list and will start working on it. I'm sure it may need to be modified but I have a strong starting point. Awesome video. 👌

[PHDinMeTV]

So glad you explained what Sinking Funds are 😆! I have been saving for those categories for years and did not know it had a name! Thanks for sharing helpful tips on this! 💰

[springboi]

im sooo glad i found your page! i just started my sinking fund this payday and I realized it was quite a huge chunk of my pay. so I love this prioritizing and just minimal saving on the other categories. i love it. thanks for the tips!

[brandiknight]

I just reworked my sinking funds approach following your video. Girl - a game changer! It feels less overwhelming and allows me to focus. I mapped them out thru 2022.

[dreamchaser]

I know this video is 3 months old. However, I still feel compelled to let you know this is stellar content. You have such pragmatic approaches. Hope you have a prosperous 2021

[johnandkathykeener]

We started this last year and it’s great. We also have house insurance and car insurance.

[mariefranceartdesign]

This was a very helpful video! Thank you. I struggle with saving for sinking funds but hoping your ideas will get me back on track!

[meltluvsluxe]

I really appreciate your approach here. Gave me some ideas for the new year.

[msnikmic]

Great info as usual! I too have been having issues saving with sinking funds but your breakdown seems like something I can manage. Thank you😊

[kyleleesherman]

This video was super helpful. I really like the idea of focusing on one sinking fund at a time. I see how you can rotate them.

[t.lunaimhotepmdiv]

My planner just arrived yesterday and I was just asking myself what a sinking funds was! Look at that alignment! Thank you for all you do! 🤗💚

[ReeceCaruso]

Great suggestions! This is such an important topic to be discussing, I really enjoyed the video!

[iamshe]

This is the best video on sinking funds!

[emmajones]

Thank you Alaina, I downloaded Qapital App, I like it. Wished I had seen this before I set up. But, I’m glad I started somewhere.

[empressnetta]

This is a much simplified approach. Thanks so much for sharing.👑💄💋