article thumbnail

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. Bank Your Savings.

article thumbnail

Tips for a Frugal and Eco-Friendly Spring

Prairie Eco-Thrifter

Guest Post Author Bio: This post was written by Les Roberts money saving writer at Moneysupermarket.com. You can then use that extra money to pay off some bills, treat yourself to a post-cleaning present or put it into a savings account for a rainy day fund. As the old saying goes; ‘One man’s junk is another man’s treasure.’.

Frugal 145