Why Sinking Funds Are Important | Budgeting Tips | Aja Dang

Hey everyone! I'm Aja Dang and today, as I pay off a large bi-yearly bill, I will show you why sinking funds are so important! I talk about sinking funds and saving up for future goals a lot on my channel. I think it's easy to focus on paying off debt and saving up for your fully funded emergency fund and future investments, but don't sleep on the sinking fund. Saving up for a sinking fund allows you to put aside money every week or month for a future bill - that way you're not surprised and scrambling to find money once the bill is due.

• VIDEO MENTIONS •
EMPOWER: https://bit.ly/Empower_AjaYT
MERCURY INSURANCE: https://bit.ly/31vxvRQ

Download the Empower app using my link: https://bit.ly/Empower_AjaYT
Banking services provided by nbkc bank, Member FDIC. 0.25% Annual Percentage Yield (APY) may change at any time. APY as of Aug 27, 2020. Empower charges an auto-recurring subscription fee of $8 for access to the full suite of money management features offered on the platform after your first 30 days.
Reimbursement for up to 3 ATM fees per month, with a maximum reimbursement of $10 per ATM withdrawal.

Видео Why Sinking Funds Are Important | Budgeting Tips | Aja Dang канала Aja Dang