Transcribed
Sinking Funds - Helped Pay For An Experience of a Lifetime
Oct 5, 2022 ·
25m 9s
Sign up for free
Listen to this episode and many more. Enjoy the best podcasts on Spreaker!
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Sinking Funds - Helped Pay For An Experience of a Lifetime
This is an automatically generated transcript. Please note that complete accuracy is not guaranteed.
Description
A sinking fund isn't traditional savings. Instead, it's money that's meant to be spent — the idea is that you already have it set aside when you need it. It's...
show more
A sinking fund isn't traditional savings. Instead, it's money that's meant to be spent — the idea is that you already have it set aside when you need it. It's a buckets of savings set aside for significant expenses.
I don't feel guilty dipping into my sinking funds. Unlike my emergency savings, I'm not setting money aside for a worst-case scenario. Instead, it's cash I know I'll need.
Because of this system, I was able to travel all throughout 2022 while simultaneously saving to move to Miami.
You can open up sinking funds for: travel, home repairs, car maintenance, home insurance, property taxes, gifts, clothing, insurance and so much more. Listen to this episode if you want to learn more about how to set these up!
---
Purchase my virtual course on investing: https://www.themmg.ca/investingmasterclass
Follow me on instagram for free money tips 24/7: (www.instagram.com/iamginajudge)
Want to start a mortgage application? Email me at: gina.judge@cleartrust.ca
Book a consulting session with Gina: https://calendly.com/themmg
show less
I don't feel guilty dipping into my sinking funds. Unlike my emergency savings, I'm not setting money aside for a worst-case scenario. Instead, it's cash I know I'll need.
Because of this system, I was able to travel all throughout 2022 while simultaneously saving to move to Miami.
You can open up sinking funds for: travel, home repairs, car maintenance, home insurance, property taxes, gifts, clothing, insurance and so much more. Listen to this episode if you want to learn more about how to set these up!
---
Purchase my virtual course on investing: https://www.themmg.ca/investingmasterclass
Follow me on instagram for free money tips 24/7: (www.instagram.com/iamginajudge)
Want to start a mortgage application? Email me at: gina.judge@cleartrust.ca
Book a consulting session with Gina: https://calendly.com/themmg
Information
| Author | Gina Judge |
| Organization | Gina Judge |
| Website | - |
| Tags |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company
