Sinking Fund Savings Goals | Saving Tips & Hacks

Here is a look at my 2021 sinking fund goals!

A sinking fund is a strategic way to save a little bit every month to pay for large expenses that are planned.

When you add sinking funds to your budget, you can:

Save for ANYTHING and be prepared with cash. When I say anything, I mean it! Don't be afraid to get specific and make a list of everything you need and want.
Have fun without feeling guilty. Take that trip you've been dreaming about for years. Add that home gym to your spare bedroom and cut out your gym membership. Put that hot tub on the back deck to enjoy with family and friends. Make room for fun in your budget by telling your money where to go every month.

Ditch the guilt of spending. Plan ahead (with your spouse or partner, if you have one) and decide what you want to save for and figure out how much you need to set aside every month. When it comes time to spend your sinking fund, you don't need to worry about where the money is coming from, and you can spend without regret.

Plan for the unexpected. We all know that life can throw us curve balls. You never know when, what, or how things will break or fall apart – but you know they will, eventually. Saving a small amount over time for unexpected curve balls (like a new roof, a new washer and dryer, and new tires) will make those circumstances and purchases a lot less stressful.

CHAPTERS
Intro: 00:00
What are sinking funds: 00:44
My 2021 sinking funds: 10:18
Conclusion: 18:17

➡️ WHAT ARE SINKING FUNDS & HOW TO USE THEM: https://bit.ly/2WsIUyj
➡️ WHERE TO INVEST YOUR MONEY FOR SHORT-TERM GOALS: https://bit.ly/2KjA7fO
➡️ 2021 SAVINGS CHALLENGES: https://bit.ly/38iTi1f
➡️ SINKING FUND TRACKERS: https://bit.ly/37wDkBl
➡️ ILLUSTRATED SINKING FUND ENVELOPES: https://bit.ly/38nJbbk
➡️ WATERCOLOR SINKING FUND ENVELOPES: https://bit.ly/2WuScKj
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Видео Sinking Fund Savings Goals | Saving Tips & Hacks канала The Budget Mom