In this video we discuss what a sinking fund is, how to set up a sinking fund, and using sinking funds to achieve your savings goals.
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• TIMESTAMPS •
00:00 What Is a Sinking Fund?
00:51 Why is it called a sinking fund?
01:24 What can you use sinking funds for?
01:46 Examples of sinking funds
02:24 Sinking Fund vs. Savings Account
03:01 Sinking Fund vs. Emergency Fund
03:22 Benefits of Sinking Funds
04:49 How Many Sinking Funds Should I Have?
05:34 How much do I need to put in my sinking fund?
06:21 Where do I keep my sinking funds?
08:20 Budgeting with your sinking funds

DISCLAIMER: Please note that I am not a financial advisor, and this content is not professional advice. These videos are for entertainment/educational purposes only.

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