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An Easy Way to Save for Irregular Expenses

For the Mommas

The term “sinking fund” was originally a business term used to designate a savings account where a corporation holds funds for the repayment of a debt in order to improve their liquidity. Bank Your Savings. Another option is to simply bank your savings. If you submit a $5 rebate, add $5 to your sinking fund.

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Back to Basics: Saving Your Savings

For the Mommas

and putting $30 in the bank may be impossible for you, but here are some steps to start “Saving Your Savings”. In my book, rebate checks equal easy savings. I always deposit my rebate checks and survey checks directly to my savings account. I save it until the end of every month and apply it to our debt. I spent $3.02