Sinking Funds 101: A Beginner’s Guide to Budgeting for Those “Lumpy” Expenses
The quick version, y’all: A sinking fund is a little pot of money you set aside each month for a known, lumpy expense — think Christmas, car repairs, or back-to-school — so it never blindsides your budget. Pick the expense, divide the total by the months until you need it, and tuck that amount away…
