10 SINKING FUNDS YOU NEED TO SAVE YOU BUDGET & AVOID GOING INTO DEBT (from experience 😢)

[@moneywithjustliving5258]

Good Morning, listening while at work.

[@LB-me7us]

What is the 10th? Thanks

[@ambreenabdul-majid5193]

Can you share starting amounts that you do and how you build up? Like for example I know starting emergency fund is 1 month of expenses which is calculated through your monthly income x 80% and then build up by a month as you reach the goal

[@brg2743]

Sinking funds we have too...prepaid phones, Christmas money, goal, unexpected expenses, special days luke birthdays and holidays.

[@mydollarswork]

New subbie here, that’s a good list. Vacations or travel would be my 10

[@budgetwithnatasha1814]

Definitely a great list! I have all of these. I just need to add more for retirement 😅

[@ybell5369]

❤

[@TrappedQue]

I can never understand how people can have like 8-10 binders full of envelopes. That is insanity at the next level.

[@Sassypeanutbudgets]

I agree

[@lelebella3252]

No it isn’t insanity

[@quackaddict9810]

New car sinking fund