What's a Sinking Fund?
A sinking fund is money set aside gradually for a predictable future expense — new tires, holiday gifts, the annual insurance premium. Divide the cost by the number of months until it's due; that's your monthly set-aside. A $1,200 expense twelve months out costs a painless $100 a month. It's different from an emergency fund, which is for the unpredictable stuff. Popular funds: car repairs, Christmas, vacation, medical, home maintenance, annual subscriptions.
Your Six Funds
Fund:
Target: $ Monthly: $ By when:
| Date | Deposit | Balance |
|---|---|---|
Fund:
Target: $ Monthly: $ By when:
| Date | Deposit | Balance |
|---|---|---|
Fund:
Target: $ Monthly: $ By when:
| Date | Deposit | Balance |
|---|---|---|
Fund:
Target: $ Monthly: $ By when:
| Date | Deposit | Balance |
|---|---|---|
Fund:
Target: $ Monthly: $ By when:
| Date | Deposit | Balance |
|---|---|---|
Fund:
Target: $ Monthly: $ By when:
| Date | Deposit | Balance |
|---|---|---|
Monthly Roll-Up
Total monthly set-aside across all funds: $ Where they live (account):