Why You Need Sinking Funds
6 min readMar 30, 2022
Sinking funds help you plan, keep you organized, and keep you out of debt.
Up until very recently, my savings system was pretty simple. My monthly expenses averaged about $2400, so I automatically transferred $1500 to my checking account bi-weekly (here’s what my bi-weekly paycheck looked like). That gave me a buffer of about $600/month, which I used when my expenses…