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1st Meeting of the Christmas Savings Club

Family Balance Sheet

Also, the January-September months are so far away from when I do our actual Christmas shopping (Nov & Dec) that that money often times gets shifted towards other gift giving expenses, like birthdays. I've never been diligent about transferring the Christmas money into a separate account. So, how did I do in January? It's awesome.

Christmas 127
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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. In personal finance, a sinking fund is a savings account that is designated specifically for an irregular expense.