An Easy Way to Save for Irregular Expenses
For the Mommas
MAY 22, 2012
In personal finance, a sinking fund is a savings account that is designated specifically for an irregular expense. So if you spend $500 at Christmas, you’ll need to add $41.67 can be downright overwhelming. to the account each month (since we’re four-and-a-half months into the year already, you’ll need to start with $62.50
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