An Easy Way to Save for Irregular Expenses
For the Mommas
MAY 22, 2012
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. Similarly, if you spend an average of $100 per person on clothing each year, you’ll need to put $8 per person into savings each month.
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