Sinking Funds vs Emergency Funds Explained | Financial Literacy Series

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Welcome to my financial literacy series! Today we are tackling sinking funds 101 - sinking funds vs emergency funds explained ! In this video I break down what your 2020 sinking fund looks like compared to your emergency fund ! If your looking for a video on emergency fund planning vs sinking fund explained - keep watching!

If you liked this video on what is a sinking fund & what is an emergency fund, watch these videos!

➢ What Is Lifestyle Inflation

➢ Live Below Your Means

➢ How To Save 7000

➢ Things To Negotiate Besides Salary

#sinkingfunds101 #emergencyfundsexplained #personalfinancecanada
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What type of financial literacy videos would you like to see next!

KatiefromCanada
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I AM SO HERE FOR THIS. More more more!

ChelseaCallahan
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Great content!! Emergency funds are so important! Looking forward to more videos in this series!!

FindingFinancialFreedom
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Girl, I love your channel. I'm a huge Dave Ramsey fan. This topic is SO important!

ChelseaSeburn
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You explained it so well! I'd love to get my hands on a Chanel bag too ;) Great video!

debtfreeF
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New here and you design and color scheme is on point 👌 also very much appreciate the explanation between the two

financiallift
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Thanks for explaning this Katie. Do more financial tutorials. I'm also a small creator 😅

imethan-youtubetips
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I had a 3-month emergency fund and then I learned I was gonna move 'cross country, AND I lost a lot of work due to C-19. thank goodness I saved up! Never heard of a sinking fund, doe; thanks for the lesson!

brendanoflaherty
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I like the idea of a sinking fund. We would put money for vacations, babies, and house!!

MrsMrsJones
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Katie you explain everything so well. You are literally that friend who always gives good money advice that I actually agree with 😂😂

lifeofsarahinla
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Very informative. Very helpful. Made 1000 dollars after watching

osamahallouda
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Been saving for a house and I’m scared for that fund to actually sink when we buy the house 😂

NimaFatima