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. Setting up sinking funds and using them are two separate things, though. If you use $10 in coupons on a grocery purchase, add $10 to a sinking fund.
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