5 sinking funds every budget needs
Sinking funds are the secret to never being caught off guard. Here are five to start today — so surprise costs stop derailing you.
A sinking fund is just money you save a little at a time for a cost you know is coming. They’re the quiet secret to never being caught off guard.
The five to start
- Holidays & gifts — December is not a surprise. 🎁
- Car & home repairs — something always needs fixing.
- Annual bills — insurance, subscriptions, renewals.
- Health — copays, dentist, the unexpected.
- A buffer / “life” fund — for the stuff you can’t predict.
Sinking funds turn “how will I afford this?” into “oh, that’s handled.” 💸
Related template
Savings Challenge Tracker
Make saving fun: 100-Envelope, 52-Week, sinking funds & no-spend, all auto-totaled. — from $7.