REPLAY: What Is A Sinking Fund?

We're taking some time to highlight some of our best Gymsplain Episodes, like this one explaining why you need a sinking fund and how to set it up! Do those occasional big expenses always bust your budget? Not when we work them into the budget!

Today, they're shedding light on the power and potential of sinking funds. What are sinking funds, and why are they important in your financial journey? They explore the different strategies for setting up sinking funds and discuss the best places to save them. They'll share practical tips on allocating your funds wisely, whether you're saving for that dream vacation, a summer camp for the kids, or your car expenses.

They'll show you how sinking funds can be a game-changer in helping you achieve your long-term financial goals and be a flexible and effective tool to confidently navigate your various savings goals.

For more details check out our show notes here!

If you want to work with a Certified Financial Trainer to help navigate your finances, schedule a free warm-up call today! If you have any ideas or questions for the show, send an email to trainerpodcast@fingyms.com.