My 2022 Sinking Funds | Saving Tips

Here are my 2022 Sinking Funds!
A sinking fund is a strategic way to save a little bit every month to pay for large expenses that are planned.
When you add sinking funds to your budget, you can:
Save for ANYTHING and be prepared with cash. When I say anything, I mean it! Don't be afraid to get specific and make a list of everything you need and want.
Have fun without feeling guilty. Take that trip you've been dreaming about for years. Add that home gym to your spare bedroom and cut out your gym membership. Put that hot tub on the back deck to enjoy with family and friends. Make room for fun in your budget by telling your money where to go every month.
Ditch the guilt of spending. Plan ahead (with your spouse or partner, if you have one) and decide what you want to save for, and figure out how much you need to set aside every month. When it comes time to spend your sinking fund, you don't need to worry about where the money is coming from, and you can spend without regret.
Plan for the unexpected. We all know that life can throw us curve balls. You never know when what, or how things will break or fall apart - but you know they will, eventually. Saving a small amount over time for unexpected curve balls (like a new roof, a new washer and dryer, and new tires) will make those circumstances and purchases a lot less stressful.
CHAPTERS:
00:00 Introduction
01:00 What is a sinking fund?
02:40 Commonly asked questions
09:40 My 2022 sinking funds
12:20 How I calculate my sinking funds
14:40 What is an ongoing sinking fund?
18:20 Tracking my progress
23:00 The benefits of sinking funds
➡️ GET MY SINKING FUND ENVELOPES: bit.ly/3DaAFe2
➡️ ACCESS MY FREE RESOURCE LIBRARY: bit.ly/3wLkf9O
➡️ HOW I TRACK MY SPENDING: bit.ly/3aIe89I
➡️ HOW TO USE A BUDGET CALENDAR: bit.ly/2IzF2Vj
➡️ FINDING YOUR WHY: bit.ly/3aJUryj
➡️ THE BUDGET MOM'S FINANCIAL FREEDOM STEPS: bit.ly/3cfJXsp
➡️ HOW TO GET STARTED WITH THE CASH ENVELOPE METHOD: bit.ly/2vQJaO5
➡️ HOW TO CREATE A PLAN OF ATTACK TO PAY OFF DEBT: bit.ly/2wDETxF
ABOUT ME
I'm the blogger behind www.thebudgetm.... I have a rambunctious 6-year-old son, live in Washington, and I'm passionate about helping people with money management and personal finance. Let me know what you like to learn more about! Leave me comments and suggestions on my video and let me know!
YOU CAN FIND ME AT:
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[@Raymondjohn2]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[@hermanramos7092]

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment

[@martingiavarini]

Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.

[@bob.weaver72]

Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.

[@hermanramos7092]

Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement

[@bob.weaver72]

The adviser I'm in touch with is 'Catherine Morrison Evans, she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. he provides entry and exit point for the securities I focus on.

[@heatherkandel856]

You are a good teacher. This would be so valuable in high schools to get people started on the right track!

[@hsip1000]

@Jasmine Burns She's basically teaching us how to use her templates and stuff by teaching us the proper and simpler ways. I'm autistic and I'm learning to budget properly through her cause she giving me a visual on how to do things and use her templates. Shes very helpful. If I had all the money I would pay her to be my tutor.

[@jeannine8400]

I agree, I wish they would have taught this when I was in high school.

[@Ashley_Baldwin]

Seriously!!!

[@mar-f7b]

RAUL I AM SO GRATEFUL, MY SCORE JUST MOVED TO 820 FROM 450 WITHIN 3 WEEKS

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[@mj482]

I'm happy to say that last night I paid off 5 credit cards and have one more to go. 💜🤗 plus I've been buying everything with cash including my boys Xmas presents this year. NO more swiping my credit cards. Can't wait to finally say that I'm debt free. I will also be putting my boys binder together with ur 2022 savings challenge, I purchased it already I just need to print and have them make the envelopes. 😊

[@TheBohemianStyle]

In envious! Congratulations!

[@keltiacallahan]

I am working toward accomplishing this by Dec 2022. Going to have to be mindful all year.

[@mj482]

@@TheBohemianStyle Thank you, I was just sick and tired of paying the bare minimum on each cc, so I decided to just pay them off with some extra money that I had on hand. And here I am with less than $900 to pay on my last cc. 🤗

[@mj482]

@@keltiacallahan my goal is to be debt free and I know for sure that I will be debt free by June 2022. 🙏

[@CrisBayless]

I paid off my car and became totally debt free last week and I'm still buzzing about it. I cannot WAIT for you to feel the freedom that is being debt free! I'm rooting for you!

[@DearDebt]

Sinking funds are a life saver! It has taken me awhile to figure out exactly what sinking funds work for us. Some things we prefer to cash flow, some things we like having a sinking fund for. My advice is don’t give up! Sinking funds take awhile, just like your budget, to figure out what works for you. It’s different for everyone!

[@michaeloladele1599]

THANK YOU RAUL FOR GETTING MY SCORE TO 820! I AM SO HAPPY

[@michaeloladele1599]

IF YOU WANT TO REACH RAUL KINDLY

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[@adelesmith7439]

Thank you my good friend Raul for getting my bad score to 830 within few weeks!

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To reach raul

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[@sarahhouk]

I love this video. So helpful. Last year was the first year I was able to save $600 for Christmas with my sinking fund!

[@Maylis98]

I love sinking funds, even if I'm spending money, it doesn't feel like it's coming from my paycheck. It's more comfortable to spend money because you are prepared.

[@latashiagady1453]

From one single mom to another single mom. I have always wanted to start a sinking fund, but I didn't know how to start until now You have motivated me to start so that I can have the set aside funding source to plan ahead . Although I'm not debt free (a mortgate and one low credit card that I payoff monthly) I'm pretty good with handling my money. I'm approaching retirement in 7 months which means leaving from biweekly paychecks to a once a month paycheck....yikes!!! With that said, I need to stay focus on my spending. Oh btw, my son is now 26 and I'm grateful of the wonderful relationship that we share. Keep it up Budget Mom, the reward is wonderful and I look forward to seeing more.

[@cecemoon1208]

Congrats on retirement in 7 months. You got this 🥳🥳🥳. How exciting.

[@crystalmariegee4268]

Congratulations!! I hope you have a beautiful new journey to experience and relax as much as you can. I'm on bi-weekly pay as well and it is hard haha.

[@reneobregon6093]

@@cecemoon1208 o ok

[@bethypines]

Amazing. I am so financially illiterate 😓 .. single mom .. 3 boys .. will be losing my job end of Feb and scared. Somehow I came across your channel just the right time ❤️ You brought tears to my eyes at the end .. 🙏🏻 thank you.

[@shalesiamattews2981]

Learn more about your finances and make good decisions of it by following Rachel Blanc instructions, she’s very popular there’s more info on her Face book page

[@shalesiamattews2981]

Following her guidance I’m able to have a solid ROI and also earning passively working towards retirement

[@lovepurpose5210]

Hope you're doing well, Beth

[@tammytarry3202]

Awesome video!!! I am 60 yrs old, and have never heard of a sinking fund! I have heard about the envelope method. You have such a wealth of great information you are sharing here! It makes so much sense, and I am going to start my own sinking funds. Thank you, thank you, thank you!

[@dwtbb00]

This video is very resourceful. When I started saving about two years ago, I started with 5 categories. I’m now up to 22-23. I live on a fixed income and it’s saved me from massive stress and anxiety. I can now pay for things and not use a cc and seeing that I may have money leftover makes me feel good.

[@libbysworld7649]

This video set me on the best path ever. Please make one for 2024. Thank you!

[@candy2325]

I love having sinking funds. I went through my envelopes and revamped some categories and adding them to my budget. One thing I saw another KZbinr do is break down sinking fund categories by subcategories.. for example: instead of just adding money to a Vacation fund in general I have subcategories such as flights, hotel, transportation, tips, activities, food, etc.. this makes it easier for me to put money into specific subcategories instead of mixing my money all at once and making sure I have the right amount of funds for each thing. Hope that makes sense

[@pollydolly9723]

If that works for you, that’s great! It wouldn’t work for me…since my SF would have been calculated on all of those items, I’d go crazy with the minutiae of tracking them! But we’re all different and I’m sure that is helpful to some 😊

[@srikala90]

I do the same - e.g Air travel, Taxi and now am adding a new category PCR test

[@junebuckley4155]

I I'm loving your way

[@msanchagrin]

I do the same with transportation, since I drive for DoorDash.....I have Auto Insurance, Auto Club, Auto Registration and Smog, Auto Operations for oil changes, fluid changes, and expenses under $300, Auto Maintenance for larger expenses except tires, Auto Body, and DD-Auto Maint for tires. I budget by percentages so I split money into each category by percentage and have goals. I look at these sinking funds like the lights on a music equalizer. They go up and down. When I reach a goal, then the money that would go into that SF will go to the other SFs. And when I spend money I add that percentage back in until the goal is met again. I had to buy a tire already and I had the money. It was such a relief. The next time I spent money from a SF it was joy! Having the money and spending it for that purpose was actually a joy for me!

[@ciannacoleman5125]

I took your idea of a gift giving SF and it was the best decision ever. I normally buy gifts throughout the year anyway but the fund ensures I have the money whenever I come across the gift I want to get. My bf was surprised when I told him Xmas didn't effect my December budget at all, because I already had the money set aside.

[@khaleesiy.7886]

I love that. You don’t stop living because you have debt.

[@chiknlittle]

Sinking funds have given me SO much financial freedom. I found you in December 2018 and what a difference your method has made on my life! :) Thanks, Miko

[@michaelfordham3968]

i created my wealth through credit repair, after getting my score fixed then i got a big loan and started business, i am proud to be a millionaire.

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[@shandriaf90]

Would you mentor me

[@tyresseferguson2462]

So happy that I found a balance between saving, investing, spending, and paying off debt. This balance has allowed me to live a comfortable live without stressing over my finances.

[@patriciamartin4347]

Many years ago, I got tired of being anxious each time a large bill like property taxes or house insurance came due so I started dividing up how much I needed to save each month and put it in a savings account. Anything that was due every 6 months or yearly was included in this. I documented it all on a spreadsheet and each time money was added to that particular item, it was listed as addition or subtraction on the spreadsheet. Any extra that we had was put in the savings account and listed as just savings. That way we drew interest off of the sinking funds, although we did not have a name for them back then. Not only did I have the money to pay these bills but also made a little off of them during the time they were in the account. When it came time to pay the bill, I drew the money out of the savings and deposited it into the bank account. Solved the anxiety problem and made extra money too

[@jordierose3507]

I've been doing this for about 5 years now and life is grand. I'm comfortable, bills are paid, credit is jus there if I need it, I'm able to live calmly and collectively while styll being able to enjoy the things I find joy in life .. even through covid and recession. What a blessing! Whoever is thinking about making this financial change, research and act on it. You will not regret it and your future self will thank you

[@crystalgale15]

My 2022 budget and sinking funds will be different because I have just started my 1 yr maternity leave and my income is cut in half. I am doing the 2022 savings challenges as well to motivate myself even more. Wishing everyone a good 2022! May all our financial goals be reached 💙

[@justanotherfan18]

Your the best at explaining things. Love that you are visual as I am too. I have been using a spreadsheet that I look at weekly, and this year want to start the cash sinking funds. Single mom here, that built up my credit score to buy a home after ex destroyed it, bought a car with cash, and is debt free here in 2021!! Thanks for the video.

[@rachelbishop1617]

I’ve tried really hard this year to save but I’ve spent so much and most of its wasted. Next year I’m getting on track to build up my sinking funds. I’m a single mum to tree young children in the uk so I need to be sensible. Love you and your channel 😍. Thank you for the motivation

[@rachelp276]

Don’t start next year, start now!!

[@shareh2006]

I would like to see more of you starting someone on a new budget and the calendar you use to figure out how you need to distribute checks for bills.

[@frugaltofi]

As a single mom for many years now, Sinking Funds saved me when my kids were growing up. From the increased summer expenses due to child care all the way up to helping me fund them through their senior year of high school (cha-ching!). Definitely softened the impact. Great overview of SF! And thank you for the free SF tracker. Printed and ready for 2022.

[@azimaslam6375]

You changed my life. Thank you. I wish I saw your channel before. I could have been debt free and saved lots of money. But its never too late . I'm saving for my house and paying my car loan right now Business tax is killing me @28 % . Working on it to change it to Co- operation from sole propertorship . You are one intelligent lady and I respect you . Thank you alot..... God bless your family 👪

[@shalesiamattews2981]

Very good of you friend it’s never too late , you need to save and make good decisions about your finances, you can be able to earn passively and be able to pay of your loan , build a good ROI

[@shalesiamattews2981]

I know of Rachel Blanc she’s very popular there’s more info on her Face book page she will be able to manage you on building a good inve stment portfolio so as to earn passively and meet up to your goals

[@AshleyLynn593]

I just printed off the Savings Challenge and organized my binder! I have never been so excited to start a new year for savings/budgeting. Just one suggestion; in the BBP spiral instead of putting the pocket folder in the back I wish it was in front so when we print off extra things we see them when we open our BBP :) I was able to pay off only one store card which I'm super proud about because I lost my job and when I found a new one it was below my normal salary range. My goal is to pay off the other ones I have in 2022! For a HY savings accounts, I also have multiple ones with Synchrony so I can try to earn a little extra money.

[@lynnhager7763]

Thanks for the info. I started using sinking funds this past year and I was able to save enough to renew my nursing license and have enough to pay our property taxes in December. This will the first time in years they will be paid on time. We have always struggled to pay them before and usually paid them late. But not this year thanks to sinking funds!

[@kelleydisney31]

I didn’t have sinking funds until this year. Having them has really helped me plan for things that I know are coming up. Great video!

[@tatyoh7]

OMG!!! I have researched sinking funds a lot over the past couple days and this is the first time I actually understand them!! Just found your channel today and I am hooked, so much valuable information!! I have already learned and APPLIED so much into my budget!! thank you so much for making such useful content!!

[@irishgirl4977]

My goal for 2022 is to getting closer to paying off my car! I still use my envelopes to help pay off Christmas, Vacation, gas for the car, etc. This has helped so much!

[@shawnmariemann]

I can't wait until I have enough money in my budget to do this. Right now I can't cover my bills yet. The day is coming though. Can't wait!

[@KristensClassroom]

As someone who left their 9-5 to work for myself, this is amazing!! 💙

[@malloryjohnson6192]

So I follow Dave Ramsay and stumbled upon your video out of curiosity because he talks about sinking funds too. In complete honesty, I stayed away from creating and using sinking funds but your video outlined how they can be so helpful! Gave me a totally different perspective because I always thought they were used for HUGE expenses like purchasing a car in the future, a downpayment, or something large. But Christmas, birthdays, valentines days deserve them equally. I love Christmas but dislike my budget every year because we are that family who spend a whopping extra $2,000 EXTRA in December because that is when all of the Christmas expenses come out. But I am reconsidering and I thank you for making this video to help people like me understand!

[@michellemorales401]

Thank you Miko. This is just the boost I needed to get myself I gear! 👍😊👍 Challenge accepted!! I just wrote out my goals, 3 sinking fund categories, annual expenses and will start preparing a budget outline for 2022. 💙💜💙

[@sanderslife8484]

Hi I just want to say Thank you so much! I have just started this journey and I was becoming very much overwhelmed ..I ran across you channel and yesss! You are what I need in my life and the encouraging words and everything you talked about had me understanding what I needed to move forward…Also encouraged me to keep at it and excited that I don’t have to worry about my two young boys getting what they need in future..Again Thank you so much!

[@thecoracrew152]

my grandfather always told me that "rain drops will fill a bucket". every time i go through these videos and FB communities, my grandpa is in the back of my mind saying that phrase with you. lol

[@mestrada42]

hi, I started my envelope journey in august. I am surprised how paying yourself first and setting aside just a few bucks has really helped my family. I am also tracking my spending it is shocking to see it in black and white. Eating out adds up, Yikes. As for savings, I needed to buy my kids school pictures and I was able to save almost the full amount needed. It felt so good to only have to find 10 bucks then all of it. I know next year I will have all the money in cash.

[@ShaneyBright]

New subscriber! My eyes are opened to this neat new-to-me idea.❤

[@em......]

I am not sure why I watched this. I have no debt (including mortgage), I have a number of sinking funds and a savings fund. I love to budget and sort my money and yet, I still watched this entire video with interest haha. (your property taxes are huge! I live in Australia and mine aren't that expensive)

[@chastityyy43]

Maybe for your 2023 book you could add the sinking funds savings tracker with the visuals. I like both 😊

[@lg8302]

About 2 years ago I heard the first time about Sinking Funds and started immediately in Switzerland. But since I never pay anything in cash anymore I am doing it only in writing and have the money on the bank account to pay the credit card bills. Works super like this. Great system even if not using separate accounts or cash envelopes. The only thing I never figured out is to how it came to the name "Sinking Funds" . but maybe it is more logical for native English speakers :)

[@efsaturn]

I believe this is from accounting where companies would put aside funds for large delectable assets

[@efsaturn]

I like to call them freedom funds which I got from a book a very long time ago.

[@balindadrouin-holyk3552]

Saw this video in my feed and now I am obsessed with your content! I subscribed!!!!! As a Bookkeeping student graduating next summer, I am determined to purchase the workbook and envelopes. Although I am debt-free my goal is to begin saving into a RRSP, investing in Index Funds and finally have a budget where I don't rely upon credit.

[@MariaSanchez-he2vo]

I absolutely love how you explain everything wish that I can translate all that to Spanish for a few family members that are still living paycheck to paycheck. Your channel has change my life for good, thank you and keep those videos coming.

[@The419co]

If they have KZbin there is closed captioning available in multiple languages. Hope that helps

[@MariaSanchez-he2vo]

@@The419co yes it does help thank you but sometimes the meaning gets lots in the translation word per word

[@traceycreating5500]

Oh, I want to say so much to you, I fought back tears watching and listening, I heard it to the core. Thank you 💌🇦🇺

[@1977NOBODY]

I’m about to start my credit card and loan pay off journey…..I’m in a 10.5k hole,And 2022 has to be debt free👍🏻Love your videos they definitely teach and inspire🙂

[@chelseawalter509]

My husband and I payed off our whole wedding with sinking funds. Not having the stress of paying everything last minute let us enjoy the moments that really mattered more.

[@multifxinc2561]

If you don't find a means of multiplying money,you will wake up one day to realize that the money you thought you had,has finished.Investment is key.

[@yolandabacon3662]

I have to admit - I am so over debt. I knew you have to save to stay out of debt. I must admit the Costco ongoing sinking fund gave me a good idea for Sam's ongoing fund. The most important is to start. Thank you!

[@cscreative5460]

We cash flow a lot. We find it to be a lot less overwhelming than sinking funds. We do love our Christmas sinking fund though! And car maintenance savings help so much too because we know it’ll happen!

[@cferracini]

I guess the idea behind the name "sinking fund" is "if I don't save for this, it will sink my funds" maybe even into debt. Interesting concept.

[@sophiex7093]

Sinking funds and emergency funds are so important. Thanks for motivating all these women 💗💗

[@carolejean8110]

I found your channel recently and I love it. I am doing a recap of my 2021 finance and starting to write my 2022 goals and organization. I have my emergency fund, no debt except our mortgage. I am thinking about different sinking funds for a car in few years or our next vacation.

[@pmuth86]

I LOVE THIS. You have opened my eyes and made me feel like this is achievable for me. There is enough stress and chaos in this world with raising children and money stress is one major thing we can do without. THIS (YOU) might have changed my mindset and probably my way of life. I'm determined to change my spending habits so I can live financially happier for my children and family. Thank you. xx

[@shalesiamattews2981]

You’re right sis I will advise you to do more of savings and make good decisions about my finances if possibly invest build a solid investment portfolio probably a good ROI

[@shalesiamattews2981]

I’m not afraid of anything, because I’m working towards my financial freedom following Rachel Blanc instructions she’s very popular there’s more info on her Face book page ;)

[@balboathedog]

Explaining all of this is your gift! Thank you for sharing your gifts on your platform!

[@hardydesigner]

I stumbled on your video today and I have to say I am so excited to get started! I am ready to start 2022 with my goals.. thank you! 🙏🏾🙏🏾

[@rochelleph7945]

I just suddenly saw this video and started binge watching. love this. subscribed already and will watch every video there is..

[@davidkopatz8270]

I'm going to start a sinking fund for my car maintenance! Thanks for introducing me to this method.

[@user-jv1cl2fs6m]

A message I just to a friend with the link: This explains it all and I think you'll really learn a lot about envelopes and sinking funds. Of all the videos I've watched on this topic, I think this is the best!

[@mariahmills7476]

I’m starting in 2022! I pray it goes good and we stay on track!!!

[@babblingbrooke98]

I’ve recently started in my budgeting journey so videos like yours have been teaching me so much thank you!😊

[@fearlessinaali8575]

She's a mom everyone needs ❤️❤️

[@TanyaScorpio]

10:46 I was wondering how to use this...this is wonderful....

[@CoolCraftyCreations]

I purchased the Budget Workbook for 2022 and I have been doing cash envelopes since finishing Financial Peace University back in 2015. I am definitely excited about utilizing your workbook because I’ve always used budget planners but I wanted a more extensive plan, so here we are ! Let’s Go Miko! 2022! Debt Free Me!

[@allthingsprincess5646]

You got this!!

[@jessy6603]

I save first and then spend . That is always my policy . I save for retirement, kids college and pay all my bills and save the rest. I give myself 100$ every month as fun money like buying lunches at work , new clothes or shoes I only draw 100$ in cash every month. That works best for me , There are some months I hardly spend any money . So the next month I have more money saved up from previous month to spend . That works for me that I can do things guilt free . It makes me help to find best deal or things I buy or not waste money on buying things I don’t need .

[@shalesiamattews2981]

Very good strategy friend, it will be advisable you invest in your finances build a solid ROI and also earn passively

[@shalesiamattews2981]

I have a solid inv estment portfolio following Rachel Blanc instructions she’s very popular there’s more info on her Face book page :)

[@sofondadavis5028]

Sinking Funds are a game changer even if you don't have the full amount needed. It's about peace of mind. Image how less stressed you are to have half or even a quarter of the amount needed and not having to start for zero.

[@janeknight3597]

Thank you for the breakdown. It cleared up a lot of confusion over ongoing versus defined goal funds. ❤️

[@melissa99435]

Thank you for this video, it really helped me to look at sinking funds a bit differently. 👏👏👏 Time to get planning for 2022 & get my debit paid off🤦🏽‍♀️😉

[@shalesiamattews2981]

Very good sis , I can recommend Rachel Blanc she’s quite popular there’s more info on her Face book page , she will be able to guide you on making good decisions about your finances and also earn passively to be able to get your debt pay off fast

[@LGnLA]

13:54 bookmark, 'the how to' brilliant breakdown!!! Thank youuu!!!🥰

[@MommieOfthree]

I was looking for a savings tracker in my planner - i love this one! printing it now!!!

[@MultiGreena]

Best video ever on KZbin. Thanks for all explanations 👍🏻

[@clarisamarie104]

The explanation you gave is so helpful! I haven't been succeeding lately because it's hard to give myself that permission to spend/save a little while paying off debt.

[@michellehopkins7765]

THIS🙌 THIS is what they should teach in all schools!! I wish I would've learned about all this when I started working at 16. I'm 35 now

[@jonathan9552]

YNAB makes this so much easier than stuffing envelopes with cash. Has made our lives so much more structured when it comes to money.

[@poptarttumbleaby8305]

omg the sports envelope is adorable it fits the theme so well

[@nurireed8471]

I am still doing your Jolly Challenge from a few years ago. I am planning on doing it again for 2022. This Challenge funded my Glamdkids Christmas this year. I would like to get like you and get a yr ahead.

[@TEHP1970]

Thanks for the video. I started my sinking funds this year and this video helped me a lot to organize my sinking funds for 2022. 🙂

[@deeb2056]

Petty cash accounts!! Lovely idea with the envelopes and card for running totals. This has given me the kick up the *** to get going for January

[@judy5572]

I wish i had you in my life years ago, to teach me about myself, my money, and my bad money habits!!! I would love to work with you!

[@shalesiamattews2981]

Learn to make good decisions about your finances and earn passively too , Rachel Blanc can give you good knowledge of that . She’s very popular there’s more info on her Face book page

[@staceypennington919]

I was just sitting here thinking of opening a few more separate accounts and after hearing you have those I don't feel crazy.

[@brianburton7582]

That was a phenomenal, well thought out video. Kudos to you for such a masterpiece.

[@financechannel5815]

Thank you for explaining your sinking funds. I have a better understanding now.

[@peaches7140]

Omg where do u live??? Your property taxes are high!!!! Also thank you for sharing. I bought your saving challenges last year and I love that they come with matching envelopes!!!

[@ginahowell4059]

I love the explanations!! Thank you for all you do to inspire everyone!

[@cashmeinparadise]

You explained everything so well! Excited to plan for my 2022 sinking funds! 🌺💜🤙🏼🥰

[@jazminjnee2238]

Random but I absolutely love you intro, it makes me smile and feel warm inside every time ☺️☺️☺️

[@traceydufault297]

Just love you im 50 and learning alot from you

[@clschaan]

I cash flowed christmas and a huge dentist bill in about three months time when i decided to get my finances together in September 2022. Never again! My husband and I worked a lot of overtime because we refused to use credit and I am proud of that but we both ended up so burnt out.

[@beth3535]

I use SFs for both annual and seasonal expenses. County and school taxes as well as annual insurance premiums are annual. Seasonal expenses include energy and planned spending for vacations. It’s painless and it goes into bank savings, which is worthless in terms of interest but that may change. Most months, I’m able to cover the budget items, have some spending money, and put aside 20% for long-term savings. I’m at 50% of part-time income going into my 401K but plan to increase that to 70% shortly. Planning with SFs and realistic budgeting numbers has made that possible.

[@krmh75]

Love this! Was just trying to figure out sinking funds for 2022

[@sandralauersdorf6268]

I love the way you teach!

[@Mitzi73]

I used up all my 2021 Christmas sinking fund but still have gifts to buy. But already purchased 90% and I will cashflow the rest (about $100). I am ok with that.

[@andudontstopyo]

Awesome teaching and breakdown on sinking funds. 🤗

[@shelliepage8271]

Wow!! That’s a hefty property tax bill!! I feel 😇. Mine is $1000.00.

[@michelleadams5609]

Lol, that's normal for nice areas.

[@Naturallyro_]

Love sinking funds and savings, love this video and love your website for budgeting resources.

[@lights7774]

New to this but so glad i found your channel. Great info in the 2 videos i watch. Look fwd to watching more

[@denaj6711]

Very helpful talk! Just starting this journey. Already feels good! 🙏

[@monicaambs]

I am very frugal so I keep all my sinking funds recorded in a binder with each month on one page and can instantly see it all at once. I divide the page into 5 columns. The first column is labelled Category the second column is labelled “current amount”, the third column is a plus sign + for what I add, the fourth column is a negative sign - to record how much I remove and the final column is labelled total. No need to buy envelopes, buying a safe etc. I use a debit card for all purchases because I can control myself with purchases. I also have another section in my binder to record all purchases. I check my account every morning online to know what is there. I have very few items that come out of my account. All bills except food, gas, fun money and mortgage amounts to $639 per month. Those bills are automatically deducted from my account.