Sinking Funds: Setting them up? There isn't enough money?

Hey Guys,
Today's video is all about how I have decided to set up our sinking funds. We always ran into an issue of figuring out how to set aside money for our sinking funds and trying to keep them in a separate savings account. Well, I've abandoned that system and decided to use the cash envelope system for our sinking funds. This video might need a part two later on so I can share how much we end up adding to each envelope.
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[@zombeefan6428]

Wow, terrific ideas, and I love the fact that the envelopes are brightly colored and using washi tape at the bottom to strengthen the envelopes as you put them into your planner! Thanks for posting!

[@myopinion8882]

Great video! It's so true that it is better to have a small amount of money in your sinking funds envelopes - than no money at all! ♥️

[@stephanienc4968]

What a genius idea! The thought never crossed my mind to start sinking funds from any extra over a paycheck. Thank you for the idea!

[@kristy8420]

Omg you used a planner! Yay! Scrapbooking and organization. Thanks for this video. :)

[@Buttacupz32]

First I ❤ your hair. And I'm so glad I found this video because I was stressing about setting up multiple accounts for sinking funds. I no longer have to look for bank accounts that don't have monthly fees. You set this up and made it look so pretty I would always want to put money in there.....lol....I will be getting this set up today girl. New subscriber by the way.

[@sethbraydon7594]

i guess I am kind of off topic but does anyone know of a good website to stream new series online?

[@Mzmummacita]

This makes more sense ....putting away money that was unexpected!!! Thank you for this video 👌🏾 it's so hard to save in England😕

[@afuadankwaahowusu699]

I felt that in my soul😢😢

[@Practice_Kindness-1st]

You are a ray of sunshine! And what beautiful hands and nails you have! I LOVE those brightly colored envelopes too!

[@elizabethdejesus-lewis1920]

I am really enjoying your videos. They are short, direct and to the point..

[@lynnconroy8]

Love, love, love your writing!

[@alyssahadley213]

I love that you have an acts of kindness one!

[@joannwagner4940]

I put a single dollar in each each pay just to get into the habit. It seems to be working some get 3 or 4 dollars now. I now know which ones are more important to me. I don't miss that money at all and it's too little to steal from. Lol

[@peace-a]

If you listen to Dave Ramsey or Rachel Cruze they say it usually takes up to 3 months for people to find their "rhythm" in budgeting and cash envelopes so you're fine. Keep doing it 🙂

[@joannwagner4940]

@@peace-a Dave Ramsey doesn't pay my bills. I do and I will save what works for me. I'm a little over this worship movement of Dave Ramsey.

[@elevatedqueen]

I really like your system for sinking funds. I will be doing this with my happy planner.

[@moniquemc4553]

I had to do the same thing. When the money was in an account (not my main account or bank) I knew it was assigned to something, but it was to easy to use. Having them in an envelope with a name on it, makes it more restricted. I don’t know why. Before I did move the money to envelopes I did think about moving it to our savings, but didn’t want to mix that money up either.

[@StarlahMutiny]

Found this finally and glad I did. So happy to be here for the knwoledge :) thank you!

[@kelaba]

It took me 2.2 seconds to realize you’re from Louisiana 😂 Thanks for the tips

[@TheOrganizedMoney]

🤣🤣🤣🤣

[@BlackGirlSerenity]

I miss my old envelops. They were so stinking cute

[@baegels5272]

These look so pretty! I just started with Sinking Funds here since it seems like a good thing to have!

[@cherrymcgillicuddy6300]

New sub! How did I never think to punch the envelope for my MAMBI? I learn something new every day!

[@ZariahsCreations]

I think I’ll be going back to the envelopes. Surprisingly I was able to save. More with the money in the envelope than the bank. Lol

[@Sasha-mk6fq]

Tfs your sinking funds system.. Love the colorful envelopes.. I utilize this system as well..

[@TheOrganizedMoney]

+Sasha 17 thank you!

[@bri7028]

I wasn’t hopefully that I’ll be able to have a sinking funds because I don’t make enough. So greatful that I came across your video

[@bri7028]

*grateful

[@ryderaliciarey8440]

Good job and btw: New Orleans is my heart!❤

[@emmajones8524]

I love your hair! You have such great ideas for finances, thank you!

[@meagancooper992]

I really wanna know more about those post it’s on the board behind you 🤗🤗

[@dianechoate2906]

How do you prepare for medical and dental? Is that in your regular savings?

[@JurbzMUSICoh]

Love the idea!

[@bookitty19]

Even though this video is old i love this!!! Because im going through right now!!! Im trying start a sinking fund but cant because of my income!!!

[@tinamyrick2043]

Neither can I but I at least will try and put $2 in the important ones. I have 23 envelopes. Some have some don't. But you will get there.

[@jmatos7872]

New subbie!! Awesome video ! Your hair!! 🙌🏽🙌🏽

[@MsValove4]

I may need to add a random act of kindness envelope to my set up bc I would like to make hygenie bags for the less fortunate.

[@TheOrganizedMoney]

Yes! That’s what I use mine for. If I give money to someone or pay for their lunch. It’s in the budget....🤗

[@amyholley2669]

Hi I like to purchase your envelope and stickers great idea to stay financially accountable

[@abbysings13]

First video! New subbie!

[@TheOrganizedMoney]

Welcome to the family!! 🥰

[@kellymccarthy4953]

I loved your envelopes, very pretty to look at.

[@TheOrganizedMoney]

+Kelly McCarthy thank you!

[@koc4787]

Love this idea! I'll be starting today.

[@michaeldonley7741]

You just had to make yo envelopes colorful and pretty huh 😂

[@Mrsmadison45]

Wow 😮 great tip for laundry lol 😂

[@abida2]

IKR?! I might go and have a look in my husband’s trousers now 😂

[@tessalagrande6063]

very nice envelopes. How do you compare events to entertainment

[@TheOrganizedMoney]

+Tessa LaGrande Events are items that we need tickets to. Like a concert. Entertainment is anything else that we may do for fun on a whim.

[@msdeenatural_3]

What’s the difference with emergency funds and sinking funds?

[@TheOrganizedMoney]

Sinking funds usually fall into 2 categories. Unexpected Expenses that you know will happen at some point (think... auto repairs) or Expected Expenses that don’t occur every single month (think.... Christmas and Birthdays). We save a little each month so these items don’t catch us off guard. Emergency fund is for extreme emergencies like losing a job. The goal is to save 3-6 month

[@msdeenatural_3]

The Organized Money Thanks for responding, I have an emergency fund, I am a single mom of three, work overtime when I can for any other unexpected things. I don’t keep cash envelopes. Too much work. Lol. I do have a budget.

[@josiescraft7333]

Thank you for sharing your tips.

[@KatieAlyssa]

Your voice is so pretty !!💙

[@ZariahsCreations]

Where did you get the envelopes?

[@TheOrganizedMoney]

+Zariah's Creations Hey! They are in my shop...😁

[@svetlanikolova7673]

GET RID OF YOUR CAR IF YOU LIVE IN THE CITY.TRAIN RIDING IS MUCH CHEAPER AND YOU CAN SAVE 400 EASY EVERY MONTH

[@Regularblackgirl]

I live in the city and my friends think I’m crazy for not having a car, but I’d rather pay $90 a month for a bus/train pass vs paying for insurance and car payments

[@svetlanikolova7673]

@@Regularblackgirl Get real friends!!!!

[@ChristinaLovesplanning]

Love them but do I need to buy all 12?

[@StarlahMutiny]

Me too!! And where rhe board is from!

[@AuroraCylene]

I think I’m going to take it a step farther and fill each envelop and then deposit into a savings account of the same name.

[@jonaekyoshee]

Omg your hair ❤️

[@TheOrganizedMoney]

Thank you!

[@gregc1988]

It looks like she didn't know what to do with her hands, at one point.

[@neleven4154]

I really like your voice.

[@jadzia2074]

I love thi

[@lexid6891]

You are so beautiful! Love you room btw!

[@svetlanikolova7673]

my sinking fund is my animals and my garden so as my stash f seeds. my only bill i will need to pay is 20 dollars yearly property tax and i can pay that by selling a few chickens and eggs. there is no such thing as inflation of funds when you homestead, live off grid, and your house is man made and paid in full with no monthly expenses. when SHTF happens i will be good to go

[@tessjack30]

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