Comments on: What are Sinking Funds and How to Open Your First One https://www.moneypeach.com/sinking-fund-categories/ Clear A Path To Financial Freedom. Tue, 23 Feb 2021 21:47:44 +0000 hourly 1 https://wordpress.org/?v=6.4.5 By: Chris Peach https://www.moneypeach.com/sinking-fund-categories/#comment-1669 Wed, 05 Jul 2017 22:07:10 +0000 https://www.moneypeach.com/?p=2640#comment-1669 In reply to MLP.

I’m so glad to hear this!

]]> By: MLP https://www.moneypeach.com/sinking-fund-categories/#comment-1668 Tue, 04 Jul 2017 16:07:47 +0000 https://www.moneypeach.com/?p=2640#comment-1668 Been doing this for years. Built an Excel Monthly Budget back during my pre-retirement days and I am still using it 7 years into retirement. Health Care, Appliance replacement, Car Insurance(including Deductible built in), Rent, car payments, and last but not least a “Fun Fund”. Remember, no robbing Peter to pay Paul!

]]> By: Chris Peach https://www.moneypeach.com/sinking-fund-categories/#comment-1667 Fri, 28 Apr 2017 19:51:38 +0000 https://www.moneypeach.com/?p=2640#comment-1667 In reply to Blake.

As far as I know they do. I still have them on my account.

]]> By: Blake https://www.moneypeach.com/sinking-fund-categories/#comment-1666 Thu, 27 Apr 2017 23:46:58 +0000 https://www.moneypeach.com/?p=2640#comment-1666 Does Capital One still have the subcategories under 1 checking or savings account? I heard they got rid of that.

]]> By: Cristi https://www.moneypeach.com/sinking-fund-categories/#comment-1665 Fri, 07 Apr 2017 20:43:40 +0000 https://www.moneypeach.com/?p=2640#comment-1665 In reply to Ben.

I LOVE the idea of a Bless Others fund!!!!

]]> By: Ben https://www.moneypeach.com/sinking-fund-categories/#comment-1664 Sun, 07 Aug 2016 20:53:57 +0000 https://www.moneypeach.com/?p=2640#comment-1664 I have never heard of the phrase ‘sinking fund’ before, however we do use funds. We have * funds; an emergency car repairs fund, christmas fund, anniversary fund, holiday fund, new iPhone fund and bless others fund.

]]> By: Peach https://www.moneypeach.com/sinking-fund-categories/#comment-1663 Sat, 09 Apr 2016 21:31:22 +0000 https://www.moneypeach.com/?p=2640#comment-1663 In reply to Hannah.

Hannah, I’m excited for your family! You are both taking incredible amounts of action towards your own financial goals and the future looks incredibly bright for you. It has been great working with you 1 on 1 and I can’t wait to see what is next for you both !

]]> By: Peach https://www.moneypeach.com/sinking-fund-categories/#comment-1662 Sat, 09 Apr 2016 21:28:15 +0000 https://www.moneypeach.com/?p=2640#comment-1662 In reply to Catherine Alford.

A “Moving Fund” is another Perfect Fund Cat!
Where are you moving to? 🙂

]]> By: Peach https://www.moneypeach.com/sinking-fund-categories/#comment-1661 Sat, 09 Apr 2016 21:19:40 +0000 https://www.moneypeach.com/?p=2640#comment-1661 In reply to Amanda Valdez.

Hi Amanda! There isn’t a set number of Sinking Funds because everyone will always be a little different. We have 9 right now, but I have coached people with only 1-2 and some with 10+.
The biggest take-away here is to have enough for you to simplify your savings so when ______ comes up, you have money for it. What are some things you can think of right now that are 100% coming up that will hurt your budget? Start there 🙂

]]> By: Peach https://www.moneypeach.com/sinking-fund-categories/#comment-1660 Sat, 09 Apr 2016 21:16:54 +0000 https://www.moneypeach.com/?p=2640#comment-1660 In reply to Carolj.

Nice work CarolJ. A great way to save and manage your insurance premium 🙂

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