There are three simple, easy hacks to building a sinking fund from zero - and we've used all three. A sinking fund allows you to save up slowly, over time for a future expense. That way, when you need the money, it's in your savings account and ready to be spent.
In this video, we explain what a sinking fund is, show you our sinking fund categories, and give you practical examples of how you can can painlessly save money for your sinking funds. We also provide some cautions, based on our own experience. If you need money-saving motivation then you're in the right place.
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We're Hope and Larry and we raised our four sons, debt-free, including paying cash for our home (when our salary averaged less than $40,000). For tips on saving money, budgeting, paying off debt, and setting goals (while living with a spirit of joy and abundance), subscribe to us here on KZfaq and visit us at our website and on social media.
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