Hello lovely !! 💖 Today’s blog will be about sinking funds, upon reflecting on my blog post about financial wellness, this is an extension of ways we can go about the mission to improve financial wellness. Including a step by step guide + plan, this enables us to break down important points to help comprehend the crucial uses of sinking funds. 🤞🏽I hope this blog enforces you to become disciplined and willing to improving financial well-being, for yourself and future. Let’s tap in; Sinking funds are a great way to get ahead in taking your budgeting and managing of your finances to the next level. It’s also about planning ahead for future expenses so that you are content and have peace of mind when the time comes. Sinking fund vs emergency funds In my post on financial well-being, I point out the idea of having an emergency fund of 3-9 months. It’s important to develop this first before starting your sinking funds. You can have an emergency fund as a sinking fund, However I ...
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