A sinking fund is a strategic way to save a little bit every month to pay for large expenses that are planned.
You can use a sinking fund for pretty much any major purchase or bill. Have you ever saved up money to buy something you wanted? Then you’ve created a sinking fund.
Basically, you are setting aside money now, because you know you will need it for a specific expense later.
Use these two Sinking Funds Savings Trackers to plan, track and see your progress towards your savings goals.
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