Sinking Fund Worksheet (printable)
I can't even begin to tell you (okay I can) how much I love sinking funds! Using these accounts has been key to how I save money every single month! Honestly, I can afford everything we need just by planning for unknown purchases before they happen! It's not magic, it's a system for saving money that works! Use your sinking fund printable to keep track of all your savings so you know how much you have for each savings category. A few different types of sinking funds could be vacation, car repairs, house repairs, kiddo fund, Christmas, etc. (I have each of these) But you can save for anything! Every month I set aside a specific amount to go into my sinking funds, say $40 into kiddo fund, and each month it grows. Then, come Back to School time and she needs new clothes I already have the money for it saved up! Another example is car repairs; you already know you're going to need an oil change every so often, or new tires. (Sometimes we even put this stuff off because we don't want to