My Sinking Fund Method – My Secret to Saving for Everything
Have you heard of sinking funds? Sinking funds could be the number one game-changer to your personal finances. This little money hack will provide you with a clear way to save money and actually trick yourself into saving more. Learn how to use my sinking fund method to change your finances today.
Sinking funds help you set savings goals for specific purchases and can be turned into automatic savings so you don’t have to think about it.
Are you in debt? Around 80% of Americans are currently in debt according to a 2018 study by Comet. It is no wonder saving money is difficult and most shy away from it.
However, you can use my sinking fund method to start saving for just about anything including debt repayment.
The sooner you are debt-free the sooner you can start living and forget money stress. So why not start with a plan and make your plan automatic.
In this post, you will learn the who, what, when, where, and why of sinking funds.