Sinking Funds for Beginners | How to Set Up Sinking Funds | Sinking Funds Explained

[@crystalarchuleta7659]

Sinking funds can also evolve. When I first started I had 6 or so now it has doubled. My sinking funds have totally helped me with my budget. My son will graduate in 2 years and I’m already saving for that in my sinking fund. Christmas is already near its goal. 400 more to go and that’s done. No stress no worries because you have the funds. I’m a single mom with a low income and this method has helped me be more conscious of where my money is going and how I spend it. Great video.

[@MonetsMoney]

That’s amazing! You are doing so great, Congrats! I love to hear the great stories that someone else has gained from this method. Thank you ❤️

[@Vikshay]

Honey you are the ONLY person I understood and I’ve been watching videos like this off and on the last two years. Thank you so much

[@MonetsMoney]

You are so welcome! Glad it was helpful ☺️

[@JackieBudgets]

I ❤️ my sinking funds! I want MANY but our budget want allow. 😒 I need one for electronics though. Great video Monet!

[@MonetsMoney]

I know the feeling. I could use that as well. Thank you ❤️

[@BudgetWithJeanette]

Such a clear and simple way of explaining sinking funds. No fluff, straight to the point with examples. Loved the video as always Monet 🌷💜

[@MonetsMoney]

Thank you so much. 🤗❤️

[@elisabethsimmons644]

I need help im am a single mom

[@budgetwithlidy5799]

I love these types of videos!! You explain everything so well, the editing is on point, your voice is so clear and direct. Great video! 👍🏼🤗

[@MonetsMoney]

Thank you 🤗❤️

[@EmilyDowgialo]

You’re killing it, this was amazing!

[@MonetsMoney]

Thank you ❤️

[@elissshapingup]

Thanks for this video, Monet! You're such a great teacher! I have yet to implement sinking funds in my budget. I really should add sinking funds because every time something happens I dip into my emergency fund and I feel like I'm always replenishing that money. The video idea I had for you is to show us how you set up your binder/wallet/envelope system, with all the products you use to make your system work for you. I was also thinking that maybe you could have some sort of series name where you go more in depth like you did in this video. Perhaps something like, teachable moments or digging deeper. It doesn't have to be those of course but something that we'll know by the title if you look back in your videos or look for a playlist that this is a different series than your normal videos. Just an idea, no pressure of course!

[@MonetsMoney]

I appreciate the suggestions. I’ll take note of this and see what I can come up with. Thank you ❤️

[@jeneanfortson6434]

Thank you for explaining what sinking funds are. I now have better understanding of it.

[@MonetsMoney]

Glad it was helpful. Thank you ❤️

[@NikkiSapien]

I have never heard of sinking funds but thanks to your video now I do and now I can better prepare, thank you so much 🙏🏼

[@operalove7221]

This is my second time watching this. I took notes 📝 Great video. You're a really good teacher and you explain everything so clearly. Thank you so much Monet 🤗😊

[@MonetsMoney]

Wow, thank you so much! That’s so nice of you to say and I appreciate that ❤️

[@DaniByNature]

This was explained so well. Great video!

[@MonetsMoney]

Thank you so much! ❤️

[@elainedavis4226]

Another great video Monet. I loved the visuals and the concise way you explained everything. Thank you for all that you do to help others! May you continue to be blessed as you help others with their journey.

[@MonetsMoney]

Thank you so much ❤️

[@tanyatee5174]

This video was on time. I was just explaining the envelope system to a friend of mine. Your video was very well explained so I shared the video with him. Thank You! ❤

[@MonetsMoney]

That’s amazing, glad I could help. Thank you for watching ❤️

[@TaylorBudgets]

This video was so easy to follow and articulated very well! You did a great job!!!!

[@MonetsMoney]

Thank you so much ❤️

[@DearDebt]

Awesome video Monet! Sinking funds are crucial!

[@MonetsMoney]

Yes I 100% agree. Thank you ❤️

[@MindYourMoney]

Great video Monet!! Sinking Funds are truly budget savers! We strayed with 3 and worked out way up to 10. It gets easier the more we consistently budget. You hit the 🎯 with this video!!

[@MonetsMoney]

I agree it does get easier. Thank you ❤️

[@tamikajones6970]

Excellent explanation and how to get one month ahead on bills would be a good topic to discuss for the next video in this series. Sinking funds are a lifesaver and a game changer.

[@MonetsMoney]

That’s a great idea, thank you for the suggestion ❤️

[@tamikajones6970]

You are welcome and thank you ☺ Have a great weekend Monet!

[@fruitbowlk]

Great video. I'm working on my sinking funds now.

[@MonetsMoney]

That’s amazing! Congrats and good luck ❤️

[@AmberU]

Stumbled upon your content and by far the most concise well explained content related to budgeting so far! Im binge watching all the beginner videos.

[@MonetsMoney]

Thank you so much! I’m glad you are enjoying and appreciate the support 🤗❤️

[@carlasbudget4018]

Simple and clear, thank you!

[@MonetsMoney]

Thank you ❤️

[@DRUMLINERGURL12]

Great video. Thank you for explaining. And the visuals it makes it more understandable and easy to start, this video will surely help my daughter start. 🥰🥰

[@MonetsMoney]

That’s so great to hear. Thank you ❤️

[@blessedbeyond1986]

Your video really help me to understand sinking Funds much better. ❤❤❤

[@MonetsMoney]

Glad to hear it! Thank you ❤️

[@Lifewithmrsvee]

Great video explaining sinking funds. I get the same questions often.

[@MonetsMoney]

Thank you ❤️

[@TheAmyb99]

Hi Monet! I’m really happy I came across your video in my KZbin feed today! I am just beginning my cash stuffing process and I found the information in your videos very helpful!

[@MonetsMoney]

I’m glad you enjoyed the video. Happy I can help and wishing you much success! 🤗

[@HajraUmmiof3]

You explained this very well, actually budgeting certain sinking funds categories, new subbie ❤

[@MonetsMoney]

Glad it was helpful! Welcome to the family 🤗

[@Jotique]

Thank you for explaining what sinking funds are. I ordered 2 binders from temu and get them today!!!! I will create my funds later. I am on my way to financial freedom!!!

[@savingmycoinbudgets4495]

Wonderful video and explanation💜 love my sinking funds

[@MonetsMoney]

I love mine too. Thank you ❤️

[@melaniegiddings7671]

You are awesome this was so clear and easy to understand!!

[@MonetsMoney]

Glad to hear! Thank you ❤️

[@TF-te7gi]

I have been so confused when watching videos, and this term was thrown around. I have not found one video that explained it as well as you have. So clear and simple. I'm just starting my budgeting journey and I will be watching every one of your videos. Thank you!

[@MonetsMoney]

Thank you so much! I’m glad I can help and I try to always make things as clear as possible ❤️

[@WGN2025]

Thanks for explaining. Good job!

[@MonetsMoney]

Thank you ❤️

[@ZoeysMusings]

You're an excellent teacher. Very informative and straightforward video 👏🏽

[@MonetsMoney]

Aww, thank you 🤗❤️

[@kimhagan6808]

Great job!

[@MonetsMoney]

Thank you ❤️

[@reemalsaffar9503]

Thank you for the video ❤️ great and helpful video 😍 All the best ❤️

[@MonetsMoney]

Thank you so much ❤️

[@catherine4339]

Brilliant as always 😊

[@MonetsMoney]

Thank you ❤️

[@chaniyaschronicles3921]

Yesss I love this great video

[@MonetsMoney]

Thank you ❤️

[@relaxvideos8742]

I like this video as well as several other videos you have on your channel

[@MonetsMoney]

Happy to hear ❤️

[@karenpearson9072]

Well explained, great video Monet… keep up the great job

[@MonetsMoney]

Thank you ❤️

[@MTS4LIFE]

This is very well explained.

[@MonetsMoney]

Thank you ❤️

[@katresealexander1311]

Great video Monet

[@MonetsMoney]

Thank you ❤️

[@Portia1416]

This was SO helpful! Thank you! Can you do a video explaining how to do a budget when you have a business and never know how much money you will be making any given month? I struggle to budget when I never know when money will be coming in. It varies week by week.

[@R_D_366]

Excellent!

[@MonetsMoney]

Thank you ❤️

[@MartyBJustLiving7]

This was a very helpful video 🥰

[@MonetsMoney]

So glad. Thank you ❤️

[@lorireid8938]

Nicely done. You explained it very well.

[@MonetsMoney]

Thank you!

[@rolliecrafts255]

Excellent explanation! 👏👏👏

[@MonetsMoney]

Glad it was helpful!

[@lisa_yvette3875]

I love your channel Sis ❤

[@MonetsMoney]

Thank you ❤️

[@MelissaMartinez-kq6dk]

This video was so helpful 🙌

[@MonetsMoney]

Glad to know! Thank you ❤️

[@Jotique]

Actually could u please talk about cash stuffing so i can have a better understanding and with the binders as well please and thank you

[@christinakellagher7594]

Thank you Monet! Great info. and easy to follow 💖

[@MonetsMoney]

Glad it was helpful! 🤗

[@thebeautyinbudgeting4374]

Heyy Monet!! I’m here and watching!

[@MonetsMoney]

Thank you for watching ❤️

[@zeltael-amin5383]

tfs...great video.....

[@MonetsMoney]

Thank you ❤️

[@melissapope5323]

This was helpful! Thanks

[@MonetsMoney]

Glad it was helpful ❤️

[@relaxvideos8742]

I like this video thanks monet

[@MonetsMoney]

Glad you enjoyed 🤗

[@arasarelyg.9327]

THANK YOU SO MUCH!!!!

[@MonetsMoney]

Glad it helped!

[@selinabadon9732]

Great video very detailed, thank you!

[@MonetsMoney]

Glad you enjoyed it!

[@karenrolle3010]

I absolutely love this video! You always put out great contents!!! Your explanation was so detailed and very comprehensive!!!❤❤❤💙💙💙💚💚💚🇧🇸🇧🇸🇧🇸

[@MonetsMoney]

Thank you so much ❤️❤️

[@nickydw1]

Thank you so much, ❤️❤️❤️

[@MonetsMoney]

You are so welcome! 🤗

[@homespunsewing]

Thank you so much for this video.

[@MonetsMoney]

Glad it was helpful! 🤗

[@LeeZetLMG]

Would you take out from medical for your vitamins or something like this that you buy in the drugstore or supermarket?

[@MonetsMoney]

Yes I would

[@nchimyxskyn5404]

For sinking funds such as christmas, can they be kept in an interest savings account?

[@MonetsMoney]

Yes you can keep them in a saving account if you would like

[@elasthick1735]

is it best to add to your sinking funds each week or each month? i’m paid weekly as well so i’m trying to figure out the best option

[@iamcassiejbudgetsvlogs325]

I'm here booo💋💋💋

[@MonetsMoney]

Thank you 🤗❤️

[@nowritersblockhere5482]

👍👍

[@valdapierre6650]

💖💖😍😍😍