How I Save For Sinking Funds

[@TheOrganizedMoney]

Hey Guys! Today's video is on sinking funds. What are sinking funds? How I have struggled with them in the past, How I currently have them working for me, how we save for them, and a step by step of our sinking fund process. If you are interested in the Qapital App, you get $5 and I get $5 if you use my code: get.qapital.com/GLJFHH1ctX

[@ayannafraleymoore5265]

I love the idea of rotating the focus of and primary contributions to one sinking fund at a time (whichever is upcoming) while still saving a little in the others and then rolling over the primary contributions to the next sinking fund on which to focus. This system makes it SO MUCH less overwhelming and also also makes it easier if you don’t have enough discretionary money to save for them all at once. Thank you 🙏🏽 This is a game-changer for me!!!!

[@thewellsmama]

I really like the idea of only adding to a few sinking funds at a time! I was adding tiny amounts to 5 or 6 sinking funds at a time and felt like I was never getting anywhere! Granted, our budget is much tighter than yours, but I think this system will work better for us. Thanks!

[@Itsjustmaria43]

I agree I only have 4 sinking funds.

[@FineNaturalHairandFaith]

My favorite KZbinr! I get so happy whenever you post a video LOL. I click like before I even watch ha ha. .This video is on point. I started doing some of this when I saw one of your previous videos on it

[@seahorsenplanners]

Sinking funds are the reason why I have funds saved. I'm so proud of myself. I thanks you for breaking down the two categories in which made me rearrange my categories based upon my household. Now I have a household and car maintenance categories. I'm so thankful I follow you. Keep up the excellent work & informative videos. Great Job Alaina 😊.

[@moderngoddessmaryfaith5428]

You're so inspiring to get my life organized again! You also have gorgeous hands!

[@PHDinMeTV]

So glad you explained what Sinking Funds are 😆! I have been saving for those categories for years and did not know it had a name! Thanks for sharing helpful tips on this! 💰

[@mariefranceartdesign]

This was a very helpful video! Thank you. I struggle with saving for sinking funds but hoping your ideas will get me back on track!

[@springboi385]

im sooo glad i found your page! i just started my sinking fund this payday and I realized it was quite a huge chunk of my pay. so I love this prioritizing and just minimal saving on the other categories. i love it. thanks for the tips!

[@TheOrganizedMoney]

You are so welcome!

[@lissettemendez7618]

Again, thank you for breaking this down. I've started working on my finances in the last 2 years and this is a category I wanted to start but my process was not working as good as I wanted it but this break down was a lot more helpful and it either it was more clear than what I've seen before or I am now at a different stage where I was able to understand it better and I got it!! 🤗 I just created my list and will start working on it. I'm sure it may need to be modified but I have a strong starting point. Awesome video. 👌

[@brandiknight2851]

I just reworked my sinking funds approach following your video. Girl - a game changer! It feels less overwhelming and allows me to focus. I mapped them out thru 2022.

[@daniellejones8460]

Congrats on your 40 under 40!!🥳💛🙌🏽

[@TheOrganizedMoney]

Thank you so much!!! ❤️🤪

[@meltluvsluxe952]

I really appreciate your approach here. Gave me some ideas for the new year.

[@dreamchaser5758]

I know this video is 3 months old. However, I still feel compelled to let you know this is stellar content. You have such pragmatic approaches. Hope you have a prosperous 2021

[@msnikmic]

Great info as usual! I too have been having issues saving with sinking funds but your breakdown seems like something I can manage. Thank you😊

[@t.lunaimhotepmdiv135]

My planner just arrived yesterday and I was just asking myself what a sinking funds was! Look at that alignment! Thank you for all you do! 🤗💚

[@anabettencourt6943]

Me too! I literally was looking for videos on sinking funds lol

[@t.lunaimhotepmdiv135]

@@anabettencourt6943 yep!! I did the Money Personality Playlist and this popped up! 🙌🏾 let me know if you're looking for an accountability partner lol

[@emmajones7492]

Thank you Alaina, I downloaded Qapital App, I like it. Wished I had seen this before I set up. But, I’m glad I started somewhere.

[@kyleleesherman1201]

This video was super helpful. I really like the idea of focusing on one sinking fund at a time. I see how you can rotate them.

[@ReeceCaruso]

Great suggestions! This is such an important topic to be discussing, I really enjoyed the video!

[@iamshe3275]

This is the best video on sinking funds!

[@johnandkathykeener7720]

We started this last year and it’s great. We also have house insurance and car insurance.

[@meganfoster6734]

Loved this video and how you do your sinking funds

[@PI1901]

New subscriber! Very helpful info as we head into planning for 2021.

[@leahnjokik.1450]

Learning so much and loving it.

[@empressnetta2014]

This is a much simplified approach. Thanks so much for sharing.👑💄💋

[@kimber4804]

The is was helpful in understanding sinking funds. Where would you put property taxes and/or vehicle taxes??

[@MindYourMoney]

Thanks you for sharing this!! This helped me a lot. I'm always trying to force too much money to all of my sinking funds every month. I'm going to change my approach now.

[@stonebanksm]

Loved 5he video, sinking funds are always so messy for me so this has cleared things up a lot! Thank you 😊

[@TheOrganizedMoney]

Thank you!!!

[@claudiahoffmeister7363]

Are there any recommendations for sinking funds besides the app? Could we use a few different accounts in our bank? Thanks in advance!

[@mildredcurbelo92]

Thanks 🙏 This was really useful 😊😊😊Btw, beautiful nails!!! 🤩👏🏽💅

[@JustJoia]

That’s how I try to save that way too. It can be overwhelming. Congrats on the 40 under 40!! 🎉

[@TheOrganizedMoney]

Thank you!!! ❤️❤️

[@anabettencourt6943]

I was literally looking for a video what would explain what sinking funds are... yours is so timely! Do you have a separate account for sinking funds?

[@nicoledarling6417]

As always a great video! Super helpful.

[@Giselecrv]

Quick question: that’s also how you save for annual bills (subscription, insurance, memberships, etc)? Thank you!!

[@TheOrganizedMoney]

Yes! I just rotate when I’m saving for different things

[@hazelsalvador4849]

You gave an easier way to save for the sinking funds - one at a time. Before I used to save for all of my categories at the same time. It was quite hard to maintain because of insufficient money to put in. One question, in this way of saving your funds, is there a time that you did not have save on a particular category because it is already time for that category to be used? Sorry for my English. I hope you understand what I’m trying to say. Thank you.

[@TheOrganizedMoney]

Hey! So I’ve been doing it this way for 2 years so I’ve finally got my timing down but I did have to cash flow some of my sinking funds the first year because I ran out of time. The sinking fund still helped because I didn’t have to cash flow the entire amount but it did take time to figure out how much to save to make sure I have exactly what I need.

[@hazelsalvador4849]

@@TheOrganizedMoney thank you.

[@KweenOriel]

*Glad I found your channel.*

[@yolandasturdivant]

Hello I recently watched your video and wanted to know if you could help me better understand how I can budget for my sinking funds?

[@biblianabovery4092]

Hmmm. This is a different approach to sinking funds. Something to think about. Helpful.

[@ms.budgetmom8472]

Is that capital one? How do you place the photos in sinking funds?

[@TheOrganizedMoney]

Hey! It’s Qapital and you can pull them from the app....

[@SilviaHonores]

Great video! Thanks!

[@Msmarvelous2810]

Can you save for yourself while paying of debt or should you pay off debt first?

[@KeiisPlannedLife]

ATruly helpful video it gave me some aesome ideas thanks for sharing

[@marydoyle6254]

This is amazing xx thank you for sharing its very inspirational and look forward to implementing the ideas xx ❤🙏🏴󠁧󠁢󠁳󠁣󠁴󠁿

[@BeverlyLeeCreates]

i can do this! im going to try qapital also

[@CrystlesClassyLife]

I am going to try this great video 👏👍🤩

[@kyokyon6250]

how about low income can u help me please

[@joycesawyer7122]

Do they charge a monthly fee

[@TheOrganizedMoney]

It’s $6 monthly

[@chenoamorrison2951]

Is there a monthly subscription for Qapital?

[@TheOrganizedMoney]

Yes. It’s like $5 or $6

[@haco007]

The Americans do celebrate a way too much. In Europe we also celebrate some things but not in this way. For my sisters birthday I just make a cake and that‘s it. We don‘t have thanksgiving or Halloween.

[@username00009]

We celebrate this way because we work a lot and often live far apart, and holidays give us a reason to get together. The Europeans I know talk about how everyone goes on holiday in August, but you don’t see that in the US. Some people here go years without a vacation.

[@Talkinglife]

Thats nice