Sinking funds explained. In this video I share a detailed explanation of what a sinking fund is, what sinking funds we have, how we structure our ten bank accounts to include sinking funds into specific categories, and how we track them all. Plus I discuss sinking funds while getting out of debt. Should you have them at all, while you focus on debt payoff. What sinking fund categories does your family use?
#DebtFreeDana #SinkingFunds
How We Stopped Living Paycheck to Paycheck
Pregnant? We cloth diapered 3 of our 4 kids, and estimate we saved THOUSANDS of dollars. In fact I started my YouTube channel as "MsDiaperD", sharing over 80 cloth diaper video tutorials.
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Hey there! I'm Dana. I'm a wife and Mother to 4 kids, including twin boys and two girls. I work full time outside the home in finance as a Corporate Accountant, but enjoy sharing my personal and parenting journey online. We live in the Philadelphia area.
Follow Me on Instagram @DebtFreeDana
*Please be advised that some of the links above are affiliate links and I do receive a very small commission if you make a purchase using those links. I appreciate your support if you do, and if you don’t - no worries. We’re still buds. HUGS!
‘Marty Gots a Plan’ by Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0
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