Budgeting

What in the Sam Hill are Sinking Funds?

I can’t get on pinterest or instagram recently without hearing about sinking funds. I’m ashamed to admit it took me weeks to actually look into what in the world “sinking funds” means. And it turns out, I’ve been building them all along. Basically, a sinking fund is a specific account/fund/envelope with a specific purpose, to which you regularly add money towards that specific purpose. Why Do You Need a Sinking Fund? If you happen to follow the Dave Ramsey baby  ...

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