How to Build a Savings Buffer for Annual Bills
How to turn annual and irregular bills into manageable savings contributions before they arrive.
Saving guide
Sinking Funds
Save gradually for predictable expenses so annual bills and large purchases do not become emergencies.
All Sinking Funds
4 stories in this guide.
How to Build a Sinking Fund for Predictable Expenses
Sinking funds are designed for expenses that are predictable even when they do not arrive every month. Here is how to set one up and keep it simple.
How to Create a Sinking Fund for Irregular Expenses
A sinking fund is money deliberately set aside for a future expense that is predictable even if it does not arrive every month. That simple idea solves a common budgeting problem: annual bills, vehicle maintenance, gifts, travel, home repairs, school costs, and...
How to Create a Sinking Fund for Irregular Expenses
Some expenses are predictable even though they are not monthly. Annual insurance payments, vehicle maintenance, gifts, travel, school costs, home repairs, and subscriptions billed once a year can all disrupt a budget if they are treated as surprises. A sinking fund is a simple way...