How I Use Sinking Funds In My Budget | Sinking Funds Explained

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🎥Our $20,000 Pay Cut... Preparing For A Financial Crisis: https://youtu.be/vL40jcQyABk
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🎥Why I Don't Follow Dave Ramsey Anymore: https://youtu.be/aIStmcSWuX8
🎥My Car Was Repossessed: https://youtu.be/O9pFpyUas0Q
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🎥10 Things I Stopped Buying to Save Money: https://youtu.be/6p0vQty9WIY
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🎥Dividend Investing for Beginners 2020: https://youtu.be/bNV09T1RKH8

How I Use Sinking Funds In My Budget | Sinking Funds Explained
Our SINKING FUNDS! -What is it and WHY you need them!
Technical Definition of SINKING FUNDS: A sinking fund is a part of a bond indenture or preferred stock charter that requires the issuer to regularly set money aside in a separate custodial account for the exclusive purpose of redeeming the bonds or shares.
A better definition is.... With a sinking fund, you save a small amount each month for a certain amount of time before you make your purchase. You determine how much you save by taking the total amount to be spent and dividing it by the number of months you have left until you must pay.-----------------
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Видео How I Use Sinking Funds In My Budget | Sinking Funds Explained канала Kelly Anne Smith